Sisters Win Thousands in Seed Money from Sandy Area Chamber Young Entrepreneurs Academy
Sandy—Dhati and Diha Oommen, sisters and co-CEOs of Butterbands, were awarded $5,000 of seed money for their business at the 4th Annual Sandy Area Chamber of Commerce Young Entrepreneurs Academy Shark Tank Investor Panel. Out of the 18 students that presented, these two sisters rose to the top. This is the third year in a row that girls have been awarded the top dollar amount at the Shark Tank event for their business plans.
Butterbands offer a “grippy not slippy” headband for girls and women. Dhati and Diha came up with this idea when they wore headbands that would pinch behind their ears and cause headaches. The Oommen sisters outsource their work to India to help create jobs and employ other women and the headbands are made with traditional sari materials.
The Young Entrepreneurs Academy (YEA) is a program for students ages 11-18 who have an entrepreneurial mindset and want to take their business idea to the next level. The program takes them through the brainstorming process, helps them develop a business plan, prepares them to pitch the plan to a panel of investors, and helps them launch a real business.
“It was a tough competition this year and the judges had a lot of great ideas to choose from,” said Karla Rogers, Sandy Area Chamber of Commerce Program Director. “All of the young entrepreneurs in the program chose to invest their after-school hours one night a week to work on and develop their business plans and I am so proud of the Oommen sisters for all of their hard work. I am confident they will go on to do great things.”
The Sandy Chamber YEA stands apart by offering a true competitive environment where entries are judged alongside their peers based on specific criteria. The Shark Tank event is the event is the culminating event where students obtain funding to grow their business. They’ve worked for four months to prepare to pitch their plans to the panel of judges.
Dhati and Diha also win an all-expense paid trip to attend the Regional and Final YEA competitions in New York May 2-4, 2018 where they have the opportunity to win thousands more in scholarship money.