Christopher Gray was a man who had found a problem. In his search for colleges he realized that he was going to have to find a way to win scholarships if he ever wanted the opportunity to go to college. He came from a low income household and the only way we could ever pay for school would be to win his way in. He searched through many different scholarship opportunities and ended up entering many of them. He made a job of winning these scholarships and by the end he had won $1.3 million dollars’ worth of scholarship money. During his time searching for these scholarships however, he realized that finding scholarships that apply best to the person looking for them are very hard to find. He come up with a solution. His app, called Scholly, gave students an easy way to find the money that they needed for college. He brought his idea to the show Shark Tank where he got $40,000 dollars and help on promoting his app. Since then his app has been very successful and helped thousands of people obtain scholarships that allowed them the opportunity to get an education.
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This is a great idea. An app that helps one find scholarships best fit for him is definitely something that many college students can find extremely useful. I wonder how Christopher Gray is generating revenue for this innovation. Placing paid ads in the app or charging users a small fee for applying for scholarships found through the app sounds like an ideal way to make money on this sort of idea.