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My Status Bracelet takes home top prize in Pikeville Pitch Competition

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Commonwealth of Kentucky
Cabinet for Economic Development
Old Capitol Annex
300 West Broadway
Frankfort, KY 40601
Contact
Joe Hall
502.564.4886

Rick Johnson
Kentucky Innovation Network
859.246.3231


My Status Bracelet wins Entrepreneur Pitch Competition in Pikeville

Inventive fashion entrepreneur receives prize to grow her business

PIKEVILLE, Ky. (June 12, 2014) – An eastern Kentucky entrepreneur has received a significant boost in starting her business.

Shannon Mullins presented her idea, My Status Bracelet, to a panel of local judges during the Kentucky Cabinet for Economic Development’s entrepreneur pitch competition in Pikeville. For her award-winning idea, Mullins received a cash prize and the opportunity to present her business to the Kentucky Angel Investors Network in Frankfort later this year.

“I would like to thank the Kentucky Innovation Network for this amazing opportunity.  I look forward to growing my business and I would like to encourage others to pursue their dreams,” said Mullins.

My Status Bracelet is designed to not only make a fashion statement, but to inform others of your current relationship status. By selecting different slides in the bracelet, you can let other know if you are Single, Taken, “?” for secret or if you have a Crush. Coordinating letters will display your “Status.” My Status Bracelet is currently looking for a quality manufacturer so that she can increase sales and expand her business. She has hopes to start expanding through the local high schools.

Mullins was one of eight entrepreneurs to participate in Tuesday’s competition. Participants had 10 minutes to present their business idea to the judges.

“Since the recent opening of the Pikeville office, we are impressed with the variety of businesses we have begun to assist,” said David Snow, Director of the newly opened Pikeville Innovation Network Office, “Our pitch competition exemplified the strength of the entrepreneurial spirit in eastern Kentucky and the collective involvement of the people in our region who made this event a success.”

Pikeville was the second stop on the competition circuit. Events also will be held in Murray, Elizabethtown, Richmond, Covington, Lexington and Louisville later this summer.

The event is sponsored by the Office of Entrepreneurship within the Kentucky Cabinet for Economic Development, along with the Kentucky Angels Network and the Kentucky Innovation Network. For more information on the competition, visit kyinnovation.com

Last year, the Cabinet successfully launched the Kentucky Angel Investors Network. Kentucky Angels brings new ventures and accredited investors together via monthly online meetings, providing investors access to form deals and partnerships with entrepreneurs statewide. Membership is open to those accredited investors in and outside the state who are passionate about investing in Kentucky companies. To learn more about Kentucky Angels, visit www.kyangels.net

Learn more about My Status Bracelet at shop.mystatusbracelet.com

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The Kentucky Cabinet for Economic Development is the primary state agency in Kentucky responsible for encouraging new jobs and investment in the state. New capital investment announced in Kentucky in 2013 totaled more than $3.3 billion, spurring more than 14,000 projected new jobs. Information on available industrial properties, workforce development assistance, incentive programs, community profiles, small business development and other economic development resources is available at www.ThinkKentucky.com.

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