Senior mechanical engineering students, Ian Nolan and Jamie LeRoy, along with Jenna Wilson (Accounting), placed 2nd in this year’s Mayo Business Plan Competition with their business offering, Thor Electric Longboards.
Sponsored by the School of Business, the Mayo Business Plan Competition is designed to increase student appreciation for the challenges associated with developing a viable business offering (product or service) while, through an iterative process, recognizing those students best able to articulate a plan that addresses these challenges.
The Thor Electric Longboards team won $12,000 for their product which will be used in future development efforts. Thor Electric Longboards is a kit that mounts to a longboard and electrifies the board, providing an easy and practical form of transportation through a commercially marketable solution. Ian Nolan and Jamie LeRoy initially began this project as part of their senior design experience with advisor, Dr. Jennifer Wang, and the idea has since evolved into a startup business.
The students also competed in Salisbury University’s Perdue School of Business Entrepreneurship Competition, winning an additional $13,000 in cash and $2,000 in services and will continue with business expansion efforts following graduation.
