Entrepreneurship students from the College of Business at The University of Southern Mississippi took second-place honors during the Alley Scholars Leadership Summit and Shark Tank competition held Feb. 28 at the University of Arkansas in Fayetteville.
The students won a cash prize of $2,500 and were led by Shonice Musgrove (senior, entrepreneurship major); Kimberly Loving (senior, entrepreneurship major); Georgia Justice (senior, entrepreneurship major), and Irene Morton (junior, human resources major).
The Alley Scholars Shark Tank Challenge is designed to provide collegiate entrepreneurs a real-world experience to develop their business plan and network and with successful entrepreneurs and business professionals.
The event recognizes aspiring students who demonstrate an understanding and mastery of the process required in developing and implementing a new business venture. The competition is open to undergraduate students currently enrolled in college.
The business plan presented by the Southern Miss team was Koshi Footwear, which specializes in footwear for young girls with larger shoe sizes or wide or narrow widths. Dr. SherRhonda R. Gibbs, associate professor of management at Southern Miss and the group's advisor, noted that the students plan to divide the prize money and perhaps pursue the venture further.