New England Milk Bank voted best small business idea in national ideablob.com* contest
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Advanta Corp. (NASDAQ: ADVNB;
ADVNA) announced last night that Naomi Bar-Yam of Newton, MA has
been named January’s $10,000 ideablob.com
monthly contest winner for the best business idea. Bar-Yam is co-founder
of the Boston-based Mother’s Milk Bank of New
England, a newly-formed milk bank serving babies, hospitals and families
throughout New England.
Bar-Yam received the award from Ami Kassar, Advanta’s
Chief Innovation Officer, at an award ceremony sponsored by Brandeis
University’s IT Entrepreneur Club in Waltham.
Bar-Yam and Kassar are Brandeis University graduates.
Bar-Yam garnered the support of the ideablob community for her idea to
create a milk bank that would provide screened and pasteurized breast
milk to premature and critically ill babies in the New England area.
According to Bar-Yam, studies show that premature babies who receive
banked milk are far less likely to suffer life-threatening complications
and have much faster recovery rates.
"Our milk bank is in the startup stage and
ideablob helped us get the word out,”
explained Bar-Yam. "The $10,000 prize will
enable us to purchase equipment and educate the community about what we
do and how we will help premature and sick babies.”
Ideablob.com is a vibrant and active community where small business
owners and entrepreneurs are sharing business ideas in exchange for
feedback, advice and votes from the community. Advanta, one of the nation’s
largest credit card issuers (through Advanta Bank Corp.) in the small
business market, awards a $10,000 monthly prize to the best eligible
idea, as determined by the votes of the ideablob community. To date,
Advanta has paid out prize money to a Chicago-based software developer,
a Philadelphia-based non-profit founder and a New York-based social
entrepreneur.
"This month the ideablob community has voted
a hard-working, social entrepreneur as its winner,”
said Kassar. "As a result of participating in
our community, Bar-Yam’s idea has been the
subject of hundreds of blogs and she has received a tremendous amount of
valuable advice and encouraging comments from fellow blobbers.”
Bar-Yam was one of eight finalists competing for January’s
$10,000 prize. The eight finalists who will compete for February’s
$10,000 contest prize will be announced on ideablob.com on February 22,
and the ideablob community will have approximately one week to vote for
February’s best business idea. To review the
ideas submitted by past ideablob winners, please visit www.ideablob.com.
There is no purchase necessary to enter the ideablob.com contest.
Contest began on 9/24/07 at 12:00:00 am CT and ends on 3/31/08 at
11:59:59 pm CT. Open to legal residents of the 50 U.S. states and D.C.
who are of the legal age of majority in their state of residence at the
time of entry. Void where prohibited. Official Rules are available
online at www.ideablob.com.
Sponsored by Advanta Bank Corp., PO Box 30715, Salt Lake City, UT
84130-0715.
* ideablob.com and ideablob are service marks owned by Advanta Bank Corp.
About Advanta
Advanta is one of the nation’s largest credit
card issuers (through Advanta Bank Corp.) in the small business market
today. Advanta’s exclusive focus on this
market, as well as its size, experience and commitment to developing
meaningful product offerings and a high level of service tailored to the
needs of small businesses, differentiate the company from other issuers.
Founded in 1951, Advanta has long been an innovator in developing and
introducing many of the marketing techniques that are common in the
financial services industry today. Learn more about Advanta at www.advanta.com.
