March 20, 2018, HiBeams and four other teams were given the opportunity to compete in the Rochester Institute of Technology’s Business Model Competition. The competition allowed the team to really demonstrate their business processes and show off the new Rey v1 prototype.
After each team finished their pitches, a score was tallied up, clinching HiBeams 4th place with an astounding prize of $1,000! Even more valuable than the cash prize, however, was the feedback provided by the judges.
They provided a lot of information to think about for the team going forward, as well as providing an excellent opportunity to revise our Business Model Canvas before the Regional Finger Lakes Business Model Competition.