From left, Sean Usman, Barry McCleland and Efrain Villa (Vain photo credit)
Myconi Technologies Thursday won the seventh Fort Worth Business Plan Competition, a program of the Fort Worth Business Assistance Center and presented by Capital One. Barry McCleland is the Chief Executive Officer of Myconi Technologies and Eugene Van Beljon the Chief Technology Officer.
Myconi Technologies’ business plan centered around its development of a wireless monitoring device that can be placed inside a box of products or attached to a pallet or container and will monitor and report environmental conditions (such as temperature, humidity, pressure, light and harsh handling) throughout the supply chain process. It is especially relevant to pharmaceutical and food delivery systems.
Runners-up in the competition at The Riley Center on the campus of Southwestern Baptist Theological Seminary were second-place finisher Enos, founded by Efrain Villa, and third-place finisher Jollitot, founded by Sean Usman. Enos designs, manufactures and sells timepieces that have a stainless steel construction, Japanese automatic movement and hand-made Italian bands. Jollitot creates innovative products for babies, including a 3-in-1 swing, rocker and bouncer for infants to 9-month olds.
Myconi Technologies and Jollitot are clients of TechFW.
“This took many, many years (six) of hard work,” McCleland said. “The most difficult part was the restraint to not market the product until we had full product services. It took longer than we expected.”
The three took home cash and prize packages valued at more than $50,000, including $15,000 in cash. The finalists emerged from the 10 semifinalists who competed during a Pitch Night presentation Oct. 12 at the Moncrief Cancer Institute.
The competition, open to Tarrant County businesses and startups, began in July. Twenty five businesses from 49 entries were selected for four educational sessions and a minimum of two business counseling sessions.
Robert Sturns, Director of the City of Fort Worth’s Economic Development Department, which oversees the BAC, said: “A great plan and presentation by Barry and Myconi; all three were very impressive competitors.
“This has been a long and satisfying journey for the three finalists -- training, coaching and mentoring during four months. We are grateful to our judges, our partners and sponsors who make this competition possible.”
The Business Plan Competition is made possible by presenting and founding sponsor Capital One and founding sponsor The Alternative Board. Prize sponsors include Capital One, Solomon Bruce Consulting, ADvice, The Alternative Board, CoLab Creative, i2i Growth, Ensemble Coworking, Jim Austin Online and Stevie Dawn Inspires. Training sponsors are National Bank of Texas, Tarleton State University, Color Me Beautiful Image Consultants, the University of Texas-Arlington, Goldman Sachs, American National Bank and Taco Heads. Pitch Night was sponsored by BB&T, Bourland Wall & Wenzel , D&M Leasing and Meat U Anywhere. Support for the competition also is provided by the media sponsor, Fort Worth Business Press, the City of Fort Worth, IDEA Works, Moncrief Cancer Institute, the UTA College of Business and TCU Neeley School of Business, and BAC partners SCORE and Tarrant Small Business Development Center.
The Fort Worth Business Assistance Center (BAC) is located at the James E. Guinn Entrepreneurial Campus (Guinn Campus) and offers on-site collaborative partners that are trained professionals. The services offered by the organizations located within the BAC provide free start-up counseling, business planning assistance, low-cost workshops, loans and more to entrepreneurs and small business owners. The BAC is an initiative of the City of Fort Worth to cultivate the next generation of entrepreneurs and is overseen by the Office of Small Business, a division of the City of Fort Worth Economic Development Department. The Guinn Campus is located at 1150 South Freeway in Fort Worth.