Guitar-trading website wins Knoxville business plan competition

Guitar-trading website wins Knoxville business plan competition

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KNOXVILLE (WATE) - A local guitar trading website won the Knoxville Chamber of Commerce's third annual "What's the Big Idea?!" business plan competition earlier this week.

Brack Owens's AmpTrader.com, a site for trading guitar-related gear, won $10,000 in startup reimbursement costs, one year of free rent at the Fairview Technology Center and complimentary business services.

Owens, who is an avid guitarist, says he came up with the idea through his personal experience with trading guitar-related gear.

“I was amazed by all the people trading,” he said. “All of us guitarists are looking for the perfect guitar tone, so what a lot of us do is trade equipment with each other. So this website is for those traders.”

Other entries included Michael Crain's Vuture, an iOS application that schedules video messages; Martin Wade's FlowSink, a portable self-cleaning sink ideal for tile and painting jobs; and Christopher Saah's MyPTshop.com, a one-stop-shop for personal trainers to recommend products to clients.

During the competition's finale Tuesday night at Relix Variety Theatre, the four contestants had eight minutes to give their final pitch to a panel of five judges. After each pitch, the judges had a chance to question each contestant about their product before their final decision.

Four contestants that were eliminated during the knock-out competition got a second chance to compete in the finale through the People's Choice Pitch, which gave contestants three minutes to pitch their idea one last time. Saah was the winner of that event.

This is the third year the Knoxville Chamber, along with The Development Corporation of Knox County and Tech20/20, has presented the What’s the Big Idea?! business plan competition. The contest was supported in part by Rodefer Moss & Company, PLLC.

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