Vantage Credit Union congratulates Lorenzo Parks, the winner of this year’s Ready to Launch entrepreneurial contest. He received a $1,000 cash prize, business prize pack and pro-bono mentorship from local partners including Treehouse Networkshop, BDO of St. Louis CPA, Armstrong Teasdale, XLR8, and Marisa Lather. Additionally, he received co-working space provided by TechArtista, OPO Startups and T-Rex and optional chamber membership to both Greater St. Charles County Chamber of Commerce and St. Louis Regional Chamber of Commerce.
PreVue, the company Lorenzo and his friend, Michael Kelly, are developing, stemmed from watching Periscope and actively using eCommerce activities to make money while still in college.
“It still feels surreal,” said Parks, when asked how he felt about winning. “My dad is a used car salesmen and I wanted to give people in the marketplace an opportunity to view a product through a 360° live video experience before making a purchase. We’re still in the developmental stage creating the app and have run across some challenges. Winning this prize will help us get closer to our goal.”
The Ready to Launch contest, now in its second year, aims to help local entrepreneurs sustain new business ideas. Vantage helps to put these entrepreneurs on the right path to success by connecting them with a network of other entrepreneurs, angel donors and mentors to support them in their efforts.
“Lorenzo and Michael are young entrepreneurs who have the knowledge, skill set, work ethic and passion to take their company to the next level and beyond,” commented Kenneth DeShields, Social Media Specialist for Vantage Credit Union. “We’re excited for them and will be cheering them on their journey."
Contest applicants had to complete an online entry form at vcu.com/ready-to-launch, including a link to a current or recent crowd-funding project or an existing business website and a video demonstrating their vision for their business and why they thought they should win the contest.
Congratulations, Lorenzo. We wish you the best of luck as you get ready to launch PreVue!