Big Island Coffee Roasters Wins $25,000 in 2018 HIplan CompetitionNovember 3, 2018, 12:40 PM HST (Updated November 9, 2018, 9:12 AM)
Farmers who developed a new way to enjoy coffee are savoring the sweet taste of success after creating a buzz among the judges of a countywide entrepreneurial competition on Hawai‘i Island.
Big Island Coffee Roasters was named the 2018 winner of the HIplan Hawai‘i Island Business Plan Competition at the conclusion of the final round of the program held Saturday, Oct. 26, at the University of Hawai‘i at Hilo.
The husband-and-wife team of Kelleigh Stewart and Brandon von Damitz edged out seven finalists to take home top honors for their newly created Espresso Bites, an edible espresso bar. Each 1.5-ounce bar, which resembles the texture of a chocolate bar, is made entirely of coffee and contains the equivalent of three espresso shots. Pieces of the bar can be melted in a cup of hot water to drink as you would regular coffee, eaten as a snack bar, or chopped up and added to sweet and savory dishes. In development for two years, the bars feature locally grown Ka‘ū coffee and contain five all natural ingredients.
“It’s a huge honor,” said von Damitz. “The biggest thing is just having gone through the process. “HIplan put us through a process that was really necessary and helpful for our growth as business people and entrepreneurs. We’re also really excited to see how hard everyone else worked and how much time they put into their plans, it’s really inspirational.”
Hawai‘i Electrical Maintenance Services, owned by Benson Medina, won $5,000 worth of free advertising with Pacific Media Group, the official media sponsor of the competition.
Two UH-Hilo students and their four high school teammates each won partial tuition scholarships for the Fall 2019 and Spring 2020 semesters at the university for their business plan called Student Corner, which is a project-based educational concept.
“This is the highest quality of competitors we’ve had in the finals in the three years of competition,” said Jason Ueki, executive director of HIplan.
The judges were also impressed by the quality of local businesses that had advanced to the final round. Other business finalists included Lawaia Fresh Fish Company, Mauna Kea Cacao, Pau Hana Pet Resort, SRFly, Uncle Tilo’s Water Catchment and Upcycle Hawai‘i.
“I think the competition is great and allows businesses to focus on solving problems to grow their business,” says Karl Fooks, president of Hawai‘i Strategic Development Corporation. “All eight business plans were fantastic in the way they were laid out.”
“I have to agree,” adds fellow judge Jane Sawyer, Hawaii district director of the Small Business Administration. “The HIplan competition has really come a long way and the business plans people have submitted are very innovative with fun new ways of doing things on the Big Island.”
HIplan’s business plan competition was developed as a collaborative effort to help spur the growth of local businesses on island. The competition encourages contestants to develop and/or polish their business plans with the goal of launching new or expanding existing businesses on Hawai‘i Island. The University of Hawai‘i at Hilo, NELHA, Hawai‘i Island Chamber of Commerce, Hawai‘i Technology Development Center, Ulupono Initiative, Hawai‘i Strategic Development Corporation, Pacific Media Group, and the County of Hawai‘i are sponsors of HIplan.
“The Hawai‘i Island Chamber of Commerce is pleased to continue our support of HIplan,” noted chamber board president Gordon Takaki. “Having been one of the original supporters, three years ago we are excited to see the program’s continued success.”
“This year, HIplan is distributing $60,000 worth of prizes.” declared Jim Wyban, co-founder and president of HIplan. “We’re building an entrepreneur ecosystem on Hawai‘i Island to help entrepreneur realize their goals.”
Thirty-one local businesses submitted business plans during round one of the competition in early September. Fifteen entrepreneurs advanced to the semi finals held Oct. 6 during which the semi-finalists presented 12-minute presentations to a panel of judges. After the semi-finals, eight businesses were selected as finalists and were judged on their written business plan, a two-minute elevator pitch, and a 12-minute presentation to a panel of judges. The semi-finals and finals had completely different sets of judges.
In addition to Sawyer and Fooks, the judges for the final round included Howard Dicus, business reporter, Hawai‘i News Now; Meli James, co-founder, Mana Up; Shiraz Dole, program manager, Blue Startups; Steve Sakoman, founder, Sakoman Inc.; and Murray Clay, managing partner, Ulupono Initiative.
Greg Taketa, CPA, of Taketa, Iwata, Hara and Associates was responsible for tabulating the judges’ scores during each round of the competition.
In addition to the business plan competition, HIplan holds monthly entrepreneur networking meet ups in East and West Hawai‘i, fostering a community of entrepreneurship. HIplan also partners with the Small Business Development Center, offering classes in Hilo and Kona on how to write a business plan and how to pitch a business to investors.