Feb 15, 2016
Feb. 15, 2016
Milky Hollow Farms takes home the $5,000 grand prize
SALT LAKE CITY -
A company that produces unique alternative dairy products has been crowned the 2016 winner of Westminster's Opportunity Quest Business Plan competition. Milky Hollow Farms, founded by Julia Weber Lloyd (and her mother Anita), received the $5,000 grand prize at the annual banquet on campus February 12.
"Milky Hollow Farms has been a passion of my mother for her entire life," Lloyd said. "Fifteen years ago we had a dairy and were very successful, however, we did not own the land and it was sold and rezoned out from under us. Since then, we have been saving up for years and now own property, equipment and animals with no debt. I personally am excited to see the efforts of the family and myself finally come to fruition."
In addition to Milky Hollow Farms, custom journal company Red Barn Collections (Ben Bowen) took the second place prize of $2,000 and also won the social category. WiFi business Tive (Chris Fowles) won $1,000 for third place. The People's Choice Award of $500 was given to a digital content producer Bloom Content (Alex Mager) and the Open House Award of $500 was presented to sustainable clothing manufacturer, The Whole Works (Thorne Warner).
"Opportunity Quest is an awesome competition that gives students so many resources to jump-start their business idea," said Alex Mager, founder of Bloom Content. "While most of us tend to participate with the goal of winning money, the real value is the process of writing the plan and the feedback we receive the whole way through. We're excited to win the People's Choice Award and are very thankful for all of the support we've received thus far."
This year the Opportunity Quest process changed to incorporate a presentation workshop, a head start on the business plan reviews and the Open House award.
"All of these enriched the process and feedback for the teams as well as the mentors, judges, directors and community," added Johnnie Ethington, Opportunity Quest director. "This was transparent through the high quality, hard work and dedication of our winners this year, and we could not be more pleased."
All finalists will proceed to the Utah Entrepreneur Challenge and compete for $40,000 in prizes.
Hosted by Westminster's Center for Entrepreneurship, Opportunity Quest is a business innovation competition open to all students at the college. The competition fosters and promotes business growth at the college and university level by giving students a chance to organize, direct and present a business idea to a panel of judges.
This year's Opportunity Quest is sponsored by KeyBank and Strong & Hanni Law Firm.
For a complete list of finalists, visit: www.westminstercollege.edu/opportunityquest.
Media Contacts: Krista DeAngelis & Arikka Von (801) 832-2682
Westminster is a private, independent, and comprehensive university in Salt Lake City, Utah. Students experience the liberal arts blended with professional programs in an atmosphere dedicated to civic engagement. With the goal of enabling its graduates to live vibrant, just, and successful lives, Westminster provides transformational learning experiences for both undergraduate and graduate students in a truly student-centered environment. Faculty focus on teaching, learning, and developing distinctive, innovative programs, while students thrive on Westminster's urban Sugar House campus within minutes of the Rocky Mountains. For more information, visit www.westminstercollege.edu or follow WestminsterSLC on Twitter, Facebook and Instagram.