Follow on Google News News By Tag Industry News News By Place Country(s) Industry News
Follow on Google News | Texas A&M Graduate Program Reinforces Business Philanthropy by Donating $57,000 to CharityEffort Made Possible Through Longtime Supporter Aggieland Credit Union
By: Aggieland Credit Union Aggieland Credit Union awarded start-up funding to the businesses based on its assessment of the product concept, manufacturing, and sales and marketing strategy. "This year's teams were remarkably innovative with their product concepts, which showed through in their sales," said Blake Petty, Executive Director of the McFerrin Center for Entrepreneurship at Texas A&M University and instructor for the IBE course. "One business had revenue of $42,343 and three others had revenue of more than $15,000 each." The biggest beneficiaries of the IBE program were the local charities that reaped the earnings of each IBE business. o Voices for Children received donations from Build-a-Rev and Rev's Refresh for $17,512 o Brazos Valley Cares received $8,515 from the 12th Brand and Aggie Glow Co. o Aggieland Aces donated $7,922 to the Aggieland Humane Society o Maroon & Metal gave $7,424 to the Brazos Valley Food Bank o OnRamp received $6,272 from JigSaw 'Em Off Puzzles o Patriot PAWS Service Dogs was the recipient of $3,112 from Prints for Paws o Scented Stories gave $2,712 to the REACH project o The Boys and Girls Club of the Brazos Valley received $1,460 from Tradition Trays o Paws & Claws Wildlife Rehabilitation Center received $1,216 from the Ag Swag Co. o Whoop Wearables donated $926 to Special Olympics of Texas Leveraging the A&M brand allowed the IBE companies to develop products such as the best-selling LEGO brick model of Reveille, Texas A&M's mascot. Build-a-Rev earned two-and-a-half times more than the second highest earning company, Maroon & Metal (https://maroonandmetal.com/ "Besides providing seed funding for the IBE companies, our role in the program is to help mentor the students in financial matters so that they can master the skills needed to succeed in business," said Tina Muth, AVP, Aggieland Credit Union Executive Officer. "Being the official credit union of Texas A&M allows us to partner with the university and its students to enrich the learning experience through real-life applications like starting, growing, and building a business." About Aggieland Credit Union Aggieland Credit Union (http://aggielandcu.org/ End
|
|