WELLESLEY, Mass., Aug. 27, 2012 /PRNewswire-USNewswire/ -- Babson College first-year students have earned more than $30,000 for charitable organizations while learning the fundamentals of business.
As part of the school's required full-year course entitled Foundations of Management and Entrepreneurship (FME), teams of first-year students began developing their business plans when they arrived in Fall semester. While learning the nuts and bolts of inventing, developing, launching, managing, and liquidating a business, students were then given the opportunity to translate their skills into real world applications.
In Spring semester the students launched 16 ventures which reaped $30,703 in profits for selected charities. In addition to running their businesses, the students donated their time and resources to local community service agencies of their choice.
FME student businesses have donated more than $435,000 in the last eleven years. FME has been recognized by the United States Association for Small Business and Entrepreneurship (USASBE) as the number one "Innovative Entrepreneurship Education Course" in the country. Visit http://www.babson.edu/undergraduate/academics/curriculum/fme/Pages/default.aspx
Organizations Benefitting from Babson FME Businesses
- Nativity School
- Community Servings
- Lemonade Day - Boys and Girls Club Dorchester
- MS Society - Greater New England Chapter
- Boston Aids Africa
- Needham Housing Authority
- Wellesley Council on Aging
- Citizens Schools
- Ted Grossman Fund
- America Foundation for Suicide Prevention, Boston Chapter
- Harvard Square Church Meals
- Cor Unum Meal Center and Japan Relief through American Red Cross
- Special Olympics of Mass
- The Charles River Center
- Cradles to Crayons
- Special Olympics of Mass
- Boys and Girls Club
- Friends of the Homeless of the South Shore
Babson 2012 Student Businesses
Aura is a unique product that allows its customers to take their favorite fragrance with them anywhere they go.
Profits donated: $4,231.31
Facebook: Aura FME https://www.facebook.com/AuraFME
YouTube: Buy Aura http://www.youtube.com/user/BuyAura
Beat-Teez sells t-shirts which respond to music.
Profits donated: none
Facebook: Beat Teez https://www.facebook.com/pages/Beat-Teez/118186234964194
Blog: Beat-Tees http://beat-tees.blogspot.com/
Beaver Wraps are custom designed rain jackets with the option to turn into a vest since the sleeves can be zipped off.
Profits donated: $1,168.14
Facebook: Beaver Wrap https://www.facebook.com/BEAVERWRAP?sk=wall
Charity Challenge is a service business that plans and executes fun and competitive events for local Charities.
Profits donated: $2,432.35
YouTube: Charity Challenge 1 http://www.youtube.com/user/CharityChallenge1
Cool Earz, as the name suggests, is a company that produces earmuff headphones.
Profits donated: $ 982.33
We are a student run business that sells hand knit wool animal hats.
Profits donated: $3,260.62
Gummi Keys sells high quality keyboard covers for both MacBook Pros and Lenovo Thinkpad.
Profits donated: none
2GO (Just Add Water)
Our company is selling a product called Zipfizz. This is a powdered supplement that mixes with water to form a fruit flavored energy drink with low calories, no crash, and plenty of energy.
Profits donated: $929.66
Facebook: H2GO https://www.facebook.com/pages/H2GO/147402175365978?sk=wall
Lazerwear Apparel sells innovative t-shirts made of a unique photo sensitive powder that reacts to UV laser light.
Profits donated: $ 847.22
Lug Mug is a coffee mug that has a detachable compartment that is made to store all the necessities for any day.
Profits donated: $1,397.12
Facebook: Lug Mug https://www.facebook.com/pages/Lug-Mug/215687355170577
Oh Snap! Apparel will be retailing snapback hats, snap-on watches, knit winter hats, and t-shirts.
Profits donated: $3,178.63
Facebook: Oh Snap Apparel https://www.facebook.com/Oh.Snap.Apparel
YouTube: Oh Snap Clothes http://www.youtube.com/OhSnapClothes
PreDe is a presentation device that combines all of the necessary tools, including a presentation remote, a USB port, and a laser pointer.
Profits donated: $303.82
Facebook: PreDe Presentation Device https://www.facebook.com/pages/PreDe-Presentation-Device/168719963221927
Prestige AudioCorp gives its customers the ability to listen to music on the go wherever and whenever using a revolutionary and cost-effect technology which uses vibration to turn virtually anything into a speaker.
Profits donated: $2,440.73
SOS Stamp Out Suicide
SOS is a business dedicated to raising awareness for suicide and bullying through the sale of wristbands, stickers, magnets, t-shirts and sponsorships.
Profits donated: $1,729.97
Facebook: Stamp Out Suicide https://www.facebook.com/pages/Stamp-Out-Suicide/300191503339231
YouTube: Stamp It Out FME http://www.youtube.com/user/stampitoutFME?ob=0
Texting Gloves are gloves that, while providing warmth, allow the user to use their mobile devices, no matter the weather.
Profits donated: $1,967.02
urbanae is the Sol-Charger, which is a solar powered battery charger for phones.
Profits donated: $1,009.30
Facebook: urbanae https://www.facebook.com/pages/Urbanae/224856520921608
Waste No More
Waste No More will supply its target market with new products to make the preservation of bagged and canned foods easier.
Profits donated: $1,853.14
Facebook: Waste No More https://www.facebook.com/pages/Waste-No-More/239746896085882
YouTube: Waste No More FME http://www.youtube.com/wastenomorefme
Babson College is the educator, convener, and thought leader for Entrepreneurship of All Kinds(tm). The College is a dynamic living and learning laboratory, where students, faculty, and staff work together to address the real-world problems of business and society -- while at the same time evolving our methods and advancing our programs. We shape the leaders our world needs most: those with strong functional knowledge and the skills and vision to navigate change, accommodate ambiguity, surmount complexity, and motivate teams in a common purpose to create economic and social value. As we have for nearly a half-century, Babson continues to advance Entrepreneurial Thought and Action(r) as the most positive force on the planet for generating sustainable economic and social value. For information, visit www.babson.edu.
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SOURCE Babson College