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Allison Clark
posted 3/13/08 @ 1:51 PM EST
Social entrepreneur student wins $10,000 for best small business idea in national ideablob.com* contest
Penn State student Aaron Fleishman wins for Mashavu, a student project providing networked health solutions for children in third world countries.
Spring House, PA (March 12, 2008) ? Advanta Corp. (NASDAQ: ADVNB; ADVNA) announced that Aaron Fleishman of State College, PA has been named February?s $10,000 ideablob.com monthly contest winner for the best business idea.
Fleishman, a 23-year old Lewistown, PA native, is a Penn State senior majoring in chemical engineering. The concept for Mashavu came from a class design project to develop a prototype cell phone-based system to help victims in disaster situations and refugee camps. To pilot the program, Fleishman and Penn State Senior Research Associate Khanjan Mehta will lead a group of 14 students to Tanzania in June. His idea can be found at http://www.ideablob.com/ideas/1528-Mashavu-Networked-Health-Solu.
?The ideablob competition gave us a fantastic opportunity to announce our new venture and receive validation and startup funding,? explained Fleishman. ?We have assembled an excellent multi-disciplinary team of students and faculty to help make this project successful. Our pilot test should give us great direction towards developing Mashavu, implementing it effectively and making it sustainable.?
Fleishman plans to use the $10,000 contest prize towards continued prototype development and component costs including additional laptops, medical sensors, cell phones and web servers.
Ideablob.com is a vibrant and active community where small business owners and entrepreneurs are sharing business ideas in exchange for feedback, advice and votes from the community. Advanta, one of the nation?s largest credit card issuers (through Advanta Bank Corp.) in the small business market, awards a $10,000 monthly prize to the best eligible idea, as determined by the votes of the ideablob community. To date, Advanta has paid out prize money to a Chicago-based software developer, a Philadelphia-based non-profit founder, and New York- and Boston-based social entrepreneurs.
?Aaron is the fourth social entrepreneur to win the contest as voted on by the ideablob community,? said Ami Kassar, Advanta?s Chief Innovation Officer. ?We find it very encouraging that there are so many good social entrepreneurial ideas out there, and even more importantly, that thousands of ideablob community members are supporting these ideas with their votes.?
Fleishman was one of eight finalists competing for February?s $10,000 prize. The eight finalists who will compete for March?s $10,000 contest prize will be announced on ideablob.com on March 22, and the ideablob community will have 10 days to vote for March?s best business idea. To review the ideas submitted by past ideablob winners, please visit www.ideablob.com.
There is no purchase necessary to enter the ideablob.com contest. Contest began on 9/24/07 at 12:00:00 am CT and ends on 9/30/08 at 11:59:59 pm CT. Open to legal residents of the 50 U.S. states and D.C. who are of the legal age of majority in their state of residence at the time of entry. Void where prohibited. Official Rules are available online at www.ideablob.com. Sponsored by Advanta Bank Corp., PO Box 30715, Salt Lake City, UT 84130-0715.
* ideablob.com and ideablob are service marks owned by Advanta Bank Corp.
About Advanta
Advanta is one of the nation?s largest credit card issuers (through Advanta Bank Corp.) in the small business market today. Advanta?s exclusive focus on this market, as well as its size, experience and commitment to developing meaningful product offerings and a high level of service tailored to the needs of small businesses, differentiate the company from other issuers. Founded in 1951, Advanta has long been an innovator in developing and introducing many of the marketing techniques that are common in the financial services industry today. Learn more about Advanta at www.advanta.com.
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08/09
Media Contacts
Advanta Corp.
David M. Goodman
Director, Communications
215-444-5073
dgoodman@advanta.com
Allison Clark
ideablob Public Relations
847-921-7417
allison@inktankpr.com