After being named champion of state and regional competitions, Quinn competed against fellow student entrepreneurs and their companies from around the world to claim the new title and walk away with the $150,000 prize from the EO.
The EO GSEA Awards is the premier global competition honoring the top high school, college and graduate students who have founded and are running revenue-generating businesses.
“We started FiberFix with the idea to fill a gap in the marketplace with a compelling, unique product that meets a legitimate need,” said Spencer Quinn, co-founder of FiberFix and senior at Brigham Young University. “We developed an easy-to-use, non-toxic, watertight repair wrap that is 100X stronger than duct tape and hardens like steel in just minutes. The market’s reaction has been phenomenal and we are in more than 6,000 retail locations around the United States. We are incredibly grateful to the Entrepreneurs’ Organization for their recognition. The GSEA is the capstone on a series of student competitions we have engaged in, and we couldn’t be more excited to be honored by the EO.”
This year, 1,000 students from 37 countries applied to participate in the EO GSEA. Over the course of several months, the students competed in rigorous regional competitions that narrowed the field to finalists. The Global Student Entrepreneur Awards held its culminating event, the EO GSEA Finals, in Washington, D.C. on November 20-22, 2013.
FiberFix was also recently featured on ABC’s hit show “Shark Tank”. Quinn and one of the company’s other founders, Eric Child secured a deal with investor Lori Greiner, who offered FiberFix $120,000 for 12 percent ownership of the company. In the wake of the Shark Tank appearance, FiberFix appeared on QVC with a special 3-pack offer that completely sold out in minutes, validating the product’s consumer appeal.