CLEVELAND, Oct. 18, 2012 /PRNewswire-USNewswire/ -- Kevin Suttman of Seven Brothers Distilling Company in Leroy Township in Lake County took home the $20,000 first prize in the 2012 COSE Business Pitch Competition. The final judging event in the competition was held at Pickwick & Frolic and featured celebrity judge Jeff Hoffman, CEO and co-founder of the Priceline.com family of companies.
COSE awarded a total of $40,000 in prize money to the final four participants. The competition was sponsored by FIT Technologies and Huntington bank. Beside Seven Brothers, the other winners included:
Second Place - $10,000
Colleen O'Toole – On Demand Interpretation Services LLC (ODIS)
ODIS provides on demand, certified legal interpreters, via remote secure videoconferencing for courts and their public support entities in 170 languages and American Sign Language (ASL).
Third Place - $5,000
Michael Stanek – Cleveland Cycle Tours
Cleveland Cycle Tours offers pre-mapped tours of Cleveland for small groups of people on a unique "group bicycle." The tours target individual groups, non-profit fundraising activities, and corporate team building outings.
Fourth Place - $5,000
Niki Zmij – Amplified Wind Solutions (AWS)
AWS has a wind turbine technology that is mounted on a cylindrical or helix-shaped structure that increases the velocity of the wind stream, thus producing up to six times more electricity than a typical turbine.
A total of 80 aspiring entrepreneurs submitted entries in the competition, consisting of a two-page executive summary and two-minute video pitching their idea. A panel of experts reviewed the entries and the top 12 were invited to COSE's offices on October 3 to make face-to-face pitch presentations to the judges. Out of that phase of the judging, the top four finalists advanced to the final judging event.
COSE is one of Ohio's largest small business support organization, striving to help small businesses grow and maintain their independence. Comprised of more than 14,000 member companies, COSE has a long history of fighting for the rights of all small business owners, whether it's through group purchasing programs for health care, workers' compensation, or energy, advocating for specific changes in legislation or regulation to benefit small business, or providing a forum and resource for small businesses to connect with and learn from each other. (www.cose.org)
SOURCE Council of Smaller Enterprises