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May 21, 2013 /PRNewswire/ -- Today
Secret Millionaires Club "Grow Your Own Business Challenge," sponsored by the Fairholme Foundation proudly announces
Matthew Meyer age 8 from
Cincinnati, OH as the Grand Prize Individual Winner and
Spencer Sabharwal and
Sawyer Beeler, from
Lexington, KY as the Team Grand Prize Winners in the national competition. Chosen from almost 4,000 kids ages 7-16, these two winning ideas showed the creativity, entrepreneurship and inventiveness that the panel of judges was looking for.
Five individuals and three team finalists from around the country flew to
Omaha, Neb. on
May 20 for the opportunity to present their business concepts to Mr. Buffett and a panel of judges. All entries were evaluated based on key criteria, including: uniqueness of concept, depth and description of concept and feasibility of concept execution. The grand prize winning team members and winning individual will each receive
$5,000. The runners up will receive
$500. All finalists nominated a teacher or mentor who was inspirational to join them in
Omaha. The teachers of the Grand Prize Winners will also receive
Matthew's winning idea is Right-Writer. The Right-Writer is a wrist band with an elastic band finger holder that holds your finger in place so you can write neatly.
"Today is the best day of my life," said Matthew. "It was the most amazing experience and I will never forget it."
Team Kidtrepreneur's winning idea is Kidtrepreneur Kits. It is a program where kids can go online and register to be a Kidtrepreneur. Each member will receive a monthly newsletter kit with information on ways to be creative in getting a job and making money.