BRYAN COLLEGE STATION, Texas–A dozen Texas charities have received a total of $26,500 from this year’s Texas A&M Mays Business School Integrated Business Experience (IBE) program, which is underwritten by Aggieland Credit Union.
The program requires students to form real businesses and work to bring a product or service to market, starting with seed funding from the credit union.
Together the 12 companies earned $26,500 operating their businesses during the fall semester. At the end of the program, each company presented its achievements to attendees of the final showcase and were evaluated and judged on its work over the semester.
The company that raised the most for its non-profit was Bring the Water, Aggieland CU reported.
Bring the Water designed and sold bottle and drink accessory products. The “Bottle Bestie” was a storage pouch that wraps around a reusable water/drink holder so the user can store cards, license, keys, etc. there. The “Caps Off Coaster” had a built-in bottle opener and featured Aggie designs. The $4,000 in profits that the sales of the products generated were donated, appropriately, to the Texas Water Mission.
For Bring the Water, the opportunity to learn a lot about operating a business, but in a low-risk environment, was invaluable. The team members said that by choosing a non-profit beyond the Brazos Valley, it gave them the chance to magnify their fund-raising results, Aggieland CU said.
The 12 companies in this year’s IBE and their donations were:
- 12th Bag, $2,260.00 to Brazos Valley Food Bank.
- Ag Bag, $3,948 to Brazos Valley Food Bank Backpack Program.
- Bling Vault, $2,346 to Boys and Girls Club of Brazos Valley.
- Boot 'n Rally, $864 to Boot Campaign.
- Bright Light Memories, $2,185 to National Alzheimer’s Association.
- Bring the Water, $4,000 to Texas Water Mission.
- Cliffhanger Hats, $434 to Keep Texas Beautiful.
- Cool Ag Towels, $2,147 to Voices for Children.
- Hats Off, $2,326 to Brazos Valley Cares.
- Lone Star Sips, $1,963 to Taylor's Place.
- Revelle Athletics, $1,758 to Voices for Children.
- Toteally Green, $2,303 to Texas Parks and Wildlife Foundation.
“This was our eighth year sponsoring the IBE Showcase, and it was the largest program yet, with the most teams,” said VP-Marketing Sidney Henderson. “We helped the teams this year by increasing the amount they could borrow and starting the process earlier so they had more time to produce and sell their products.”
Aggieland Credit Union said it has been part of the IBE program since the program began in 2016 and has provided well over $150,000 for the scores of IBE company ventures. Funding varies each year based on the individual company pitches. This year all 12 IBE companies received funding, ranging from $3,000 to $5,000