UND Entrepreneurs Win $10K to Help With New Business IdeaGRAND FORKS (WDAZ-TV) - Two UND entrepreneurs are bringing their ideas for a new business from Norway to the United States. After winning first place and some money to get started, the two are a little closer to reaching their "business dream."
GRAND FORKS (WDAZ-TV) - Two UND entrepreneurs are bringing their ideas for a new business from Norway to the United States. After winning first place and some money to get started, the two are a little closer to reaching their "business dream."
Tom Borvan and Anders Nervold won nearly $10,000 in a competition, now they are hoping their plans become a reality.
Borvan and Nervold have been interested in business since they were young children back in Norway.
"I've always enjoyed taking something from conception and actually realizing it towards the end," Nervold said.
"As a child, five years old, start selling stuff, trading stuff," Borvan said.
A business idea that started overseas is winning American competitions for the two entreprenuers. It's called myQuub.
"The idea came up basically from having experienced long layovers at airports that are really, really annoying," Nervold said.
MyQuub would provide private cubicles that would cost passengers $20 an hour or $100 a night. The space has plenty of things to keep people entertained.
"There's a bed with linens, comforters and pillows. A desk, chair in there, internet so you can work, entertainment system in case you get bored," Nervold said.
The students won first place for their business idea at the Giants Entrepreneurship Challenge. The nearly $10,000 prize will help bring their idea to fruition.
"I was completely shocked, when our name appeared up there for first prize," Nervold said.
With another competition coming up in May, there is plenty more for the entrepreneurs to get done to make their childhood dreams come true.
"We are currently looking into a company in India to manufacture some of these units and we are waiting for a proposal on them on the cost and everything," Nervold said.
"We'll be working this summer, maybe get some investors in Norway to try and look at it and get some feedback from everyone," Borvan said.
And at their next competition in May, they could win up to $15,000 to help out with their venture.