A Legacy Creates An iPod Business
05.07.07 - 01:31pm
Alexis Khazzam, president of Junction Ventures wants to create a legacy, not by making the most money in business, but by helping others to create a business for themselves and to help a town called Peoria grow and be better.
To start this legacy Khazzam donated $200,000 to the Bradley University to start a competition amongst young entrepreneurs to create and build a business plan.
The winners were then given $10,000 and a year’s worth of “knowledge capital” from several local companies. The “knowledge capital” includes Junction Ventures providing office space and investing in the company; converse Marketing, who gives legal services; Coyle Insurance Agency who gives insurance, and Saturn of Peoria, who donates a car for a year. Basically everything these winners need to get their business going and time to make it stand on its own.
The competition was won by the iPod Repair Squad: James Scaggs, Patrick Whitt, Lynn Wiewell, Jamie Buggs and Brad Watson. Their business is to fix iPods quickly and with personalized support.
