June 2018
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Shark Tank 2018
4th Annual High School Competition

The students arrived at the Federal Reserve Bank of KC, and were given instructions on how the competition was going to work. Connecting for Good provided computers for each team to use, and the bank provided lunch and the $ prizes for the students. Patty Palmer from the UMKC Office of Financial Literacy helped administer the competition. Here was the challenge: The city of Kansas City invites new startups to feature their innovations at Pop-Up venues during the upcoming tourist and entertainment season. The students had to come up with an idea for a Pop-up that was not food or drink related.  The students worked until 10:30am and submitted their one page plans to the panel of judges.

We had a distinguished panel of judges: Honorable Lisa Hardwick - Missouri Court of Appeals and President of DEED Foundation, Coley Williams - President and Co-Founder of CHES, Inc., Morgan Perry - Outreach Business Specialist at the Mid-Continent Public Library, Rebecca Gubbels - Business and Program Development Specialist at UMKC Small Business & Development Center, Courtney Woodbury - Director, Communities in Schools and Alex Proffer - recent MBA graduate from the Bloch School (2017).

First Place team from Raytown South High School

Second Place team from Lincoln College Prep

The judges looked at all ten innovations and scored them.  The top 6 were identified and announced and then presented their innovations to the entire Money Smart KC Live audience (over 150 people). The 1st place team was from Raytown South High School who created a business called Parking Buddy and won the grand prize of $1,000. The 2nd place team was from Lincoln College Prep and they won $500. All 1st and 2nd place winners received a bobble-head Shark Tank Trophy as well. The competition was a great success and all the students had creative and innovative ideas. We are already starting to plan Shark Tank 2019 Competition. Contact cbkc if you are a teacher and are interested in your high school students participating next May for Shark Tank 2019.

Published by Central Bank of Kansas City
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May 2018
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