Winston Salem,NC-- They say necessity is the mother of inventions. And some Wake Forest Students took that saying, added a class concept and are now meeting the needs of other students.
In the fall of 2011, five students in an introductory level entrepreneurship class came up with an idea for a group project. Their research revealed an unmet need facing students and generated a hassle-free solution. For students working late on campus, there were no convenient ways to get study and other supplies around the clock.
Sure, getting a drink or snack after hours is always easy, there's always a vending machine around. But what about supplies after hours?
Their proposed solution? A vending machine stocked with everything from highlighters to lip balm.
One year and a lot of hard work later, DeaconVend recently went live in the Z. Smith Reynolds Library.
WFMY News 2 talked to Hannah Whitaker about their venture. "Our best selling items have been notecards, batteries and cough drops." "All our items range from 75 cents up to 5 dollars and sales have been going surprisingly well, especially once you consider the price of our items compared to a traditional vending machine."
Next steps for the DeaconVend group include a more comprehensive marketing effort, attaining legal protections for the venture and the potential for expansion to other areas of campus.
Now enrolled in Wake Forest's new MA in Management program, Whitaker feels entrepreneurship is the perfect way for students to collaborate between the schools.
WFMY News 2/Wake Forest University