Ten of Wasatch High School’s (WHS) most business savvy students were showcased on April 18 during the second annual Invest Nest competition, with WHS senior, Adam Posacki taking home the $10,000 prize for his business concept, Bergspår mountain sport fashion brand. The brand, which is already for sale online and at local retailer, Fernweh Lifestyles in Midway, strives to inspire an active, healthy lifestyle through love of the mountains and mountain sports.
Coming in second place, Corey Tadd earned $2,500 for his idea of growing coral for resale, while Nathan Curtis came in third, earning $1,000 for his concept of refurbishing vintage houseboats for dryland rentals at Lake Powell. The remaining seven finalists received $200 each, and included Mary Kate Cernyar, Naomi Cernyar, James Cregor, Andrew Felsted, Hyrum Gailey, Sydney Hiatt and Angel Phelps.
A project of WHS’s Wasatch Center for Advanced Professional Studies (Wasatch CAPS), Invest Nest is an investing opportunity to encourage entrepreneurship, and is open to any student at the high school interested in receiving investment capital for their business idea. The competition received 40 entries this year, with three phases, including a Pre-Investing 30-Second Elevator Pitch, a Presentation to Investors, and the Final Event, which was last Thursday night’s event.
Invest Nest is funded by generous community investors, including Jeff Danley & Jamie Dunn/Peak Capital Partners, J.W. Davies/Davies+Allen, Jamie Ballstaedt, Paul Ritchie/The Ritchie Group, Troy Peterson, Rick Krebs/Business Sales Group, Rocky Fischer, Danny Labrum/Labrum Chevrolet|Buick|Ford, Brigham Tomco, Bryan Willets/The Local Book, Jeffrey Dorius/Dorius Dental Design, and Redgie Probst/Probst Electric.