Friday, June 21, 2013

Sustainable Surplus Director on Shark Tank

In an exciting program offered at La Costa Elementary School, 6th grade students are taught to take an invention they create from inception to market.  It is called “Mission 2 Innovate” and culminates in a presentation to a panel of judges, fashioned after the ABC show, Shark Tank.

Throughout the semester, the students learn business basics including: costs of sourcing and manufacturing, cost of goods sold, key elements of pricing as well as a valuation and a balance sheet.
“Sitting on the panel, I remained in disbelief that these were 11- and 12-year-old students,” said Sue Prelozni, Sustainable Surplus director.  Prelozni served on a panel of 4 judges and listened to almost a dozen presentations.  “We all had our favorites,” commented judge Rich Armstrong.

The key factors were innovation, research, and marketability.  Products were often very unique:  Magna Robe – a robe that closes and opens by magnetic pull versus buttons and zippers; Fishy – fishing lures made of paracord; Challows – marshmallows filled with different flavors and then covered in semi-dark chocolate.  

One item was perfect for surfers – a sock which wipes your feet as you pull it on, then is removed as you place a dry sock in its place.

“It was incredible learning experience for us judges,” Prelozni  exclaimed.  “I’d do it again.”


Judges: George Bradvica, Rich Sylvester, Sue Prelozni and Steve White (not shown)

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