CMC Team takes Top Prize at Kravis Concept Plan Competition

Brian Gose ’12, Mark Gose ’11, Myles MacDonald ’11, and Harrison Zivot ’11 are this year’s top winners of the 21st annual Henry R. Kravis Concept Plan Competition, hosted by the Peter F. Drucker and Masatoshi Ito Graduate School of Management of Claremont Graduate University.

The annual award recognizes Claremont College students or alumni who demonstrate superior entrepreneurial skills. Professors and alumni of the Claremont Colleges, as well as potential investors, served as judges.

“It is truly an honor to receive such a prestigious award and be recognized as a viable business,” said Mark. “We would like to thank Henry Kravis and the Drucker School of Management for providing this opportunity and fostering entrepreneurship on campus.”

The winning team of CMC students was awarded a prize of $4,500 for the concept plan behind their company, Banana Storage, founded in 2011. Banana Storage provides an option for college students needing to store dorm furniture during summer break, with both free pickup and delivery.

“It means a lot to our company to win this competition,” stated Zivot. “For a company starting with a $100 investment from each of the four partners, this $4500 will go a long way.” The team plans to use the prize funds to build a professional website that will enable more efficient customer management.

“We are committed to continue Banana Storage after we graduate,” Zivot continues, “and have a goal of becoming the official storage company at the Claremont Colleges, and expanding to nearby schools.”

An endowment from Henry R. Kravis ’67 sponsors the award prizes each year. Kravis is a founding member of the Drucker School’s Board of Visitors.

Over $10,000 of award money was given this year. Daniel Black ’11 also received an Honorable Mention, earning $500 for his Astra Motors business plan.

For more information about Banana Storage, contact them at info@bananastorage.com.