Wyckoff Scholarship Challenges Students To 'Shark Tank' Contest

WYCKOFF, N.J. -- The Wyckoff Chamber of Commerce will host its second annual "Shark Tank" Scholarship Challenge.

Wyckoff students can win a scholarship by coming up with business ideas.
Photo Credit: *Facebook*

03/16/2016 4:00 a.m.

Applicants can be an Indian Hills or Ramapo High School student, a Wyckoff resident from any private school. Submissions from any Chamber member's child or employee who is a high school student will also be accepted. Winners can receive up to $2,000.

Applicants will submit a basic business idea that they believe would be a successful venture in the real world.

For the application to be accepted the following criteria should be met but is not limited to:

Idea for a product or service that is unique and feasible
How and where will the product be made and\or the service provided?
What is the estimated cost of manufacturing the product or for the providing of the service?
Where will the product be sold or the service provided?
What is the estimated potential profit of the business?
What is the growth potential of the product or service?

A panel of judges will pick the 10 best ideas and then these applicants will proceed to the second step which consists of creating and making a presentation before the judges.

The presentation can use any medium the applicant cares to use but the presentation should not last more than five minutes.

A special scholarship will be given to the business idea that is considered the most "Green" or environmentally friendly.

All applications will be submitted by e-mail to wyckoffchamber@gmail.com or can be mailed to Wyckoff Chamber of Commerce, PO Box 2, Wyckoff, NJ 07481

Deadline for submissions is Friday April 22.

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