Student entrepreneurs win LIOF Award

In celebration of its 35th anniversary this year, Limburg Development and Investment Company LIOF recently held an online competition for student entrepreneurs: LIOF Yeah! LIOF wanted to use this competition to give student entrepreneurship a big boost.

They also wanted to strengthen the economy in Limburg. One of the conditions was therefore that students were prepared to set up their business in this province.

While nearly one hundred ambitious students registered for LIOF Yeah!, the online community nominated the twenty best ones for the semifinals with their votes. The winners were chosen by a jury.

SBE student teams successful in LIOF entrepreneur competition

The Maastricht University School of Business and Economics supplied three of the ten winners: CVive, TextHamster and iShopLocal (the latter is a joint project with Hogeschool Zuyd).

Each of the ten winners received a starter set consisting of €10,000 worth of venture capital and €10,000 in innovation cheques from LIOF. In addition, ten sponsors supplied all kinds of services and products worth up to €10,000 in total, such as laptops, expertise in creating a corporate style, or help in designing a website. The remaining €5,000 goes towards the rent of business premises in one of the LIOF Business Centres in Limburg.

Tim Rutten, Internet entrepreneur and master’s student at SBE, set up TextHamster together with Mark Bastiaansen, Mitch Maurits and Mehdi Zidani as part of their master’s programme in Entrepreneurship and SME Management at SBE.

TextHamster is in the business of SMS Marketing , or ‘text message marketing’.

Tim: “ TextHamster works for organisations that want to inform their customers about special offers or webshops. Using personal text messages, we run a campaign based on their customer contact lists. We will use the LIOF money as an investment in the development of our company.”

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