Tory C. Marandos Entrepreneurship Challenge

Tuesday, June 28, 2011
SNHU Communications Office

FOR IMMEDIATE RELEASE

Contact: Gregg Mazzola                             
Director of Communications                            
Southern New Hampshire University                                                             
603.314.1461                                                                                    
g.mazzola@snhu.edu 

Manchester, N.H. (June 16, 2011) – blue2green LLC, a New Hampshire dam reclamation and electricity generation company was named the inaugural winners of the Tory C. Marandos Foundation – Entrepreneurship Challenge. Founders Mark Brassard and Andrew Lane received a $5,000 cash prize to start and support their business. 

Cosmos and Lynda Marandos and their daughter, Tara, all of Nashua, have donated $100,000 to Southern New Hampshire University’s Center for Entrepreneurship & Social Innovation (CESI) in memory of their late son and brother, Tory. The gift created the “Tory C. Marandos Foundation” and will be an endowed fund that will provide a cash award for an annual winner of the “Tory C. Marandos Foundation – Entrepreneurship Challenge.”

Blue2green, the other four finalists and the five semi-finalists also received membership in the SNHU Center for Entrepreneurship & Social Innovation (CESI) entitling them to CESI services.
All active businesses and potential start-up businesses in New Hampshire, with less than three years in business and less than $1 million in annual gross revenue, were eligible to participate.

Tory Marandos, General Manager of two of the Foxy Lady Gentlemen’s Clubs in New Bedford, Mass., and Providence, RI, died tragically on Dec. 12, 2006, at the age of 30.  According to his family, friends and co-workers, he managed the organization with dedication and pride.  He was a caring young man who went above and beyond for his friends, family and anyone who came into his life. 

“It has been a thrilling and uplifting experience in all honesty to be able to give this money to SNHU’s Center for Entrepreneurship as a legacy to our late son, Tory, who embraced the spirit of entrepreneurship in his own lifetime,” said Cosmos Marandos.  “It was very important to our family that we find a home for this endowment that matched our belief and Tory’s belief that everybody deserves the opportunity to pursue their dreams.”

“The Marandos Family called the University with the hope of connecting with someone who could help them shepherd their idea of a business plan competition in their son’s name and we were proud to honor their request,” said Keith Moon, director of the Center for Entrepreneurship & Social Innovation.  “This is what we do at SNHU.  From the leadership team on down, we recognize the value of civic and community service and with this most generous contribution from the Marandos Family, we will be able to encourage entrepreneurship in the state of New Hampshire, and help those with a vision for their business to flourish.”

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About Southern New Hampshire University
The university has approximately 2,200 traditional, full-time undergraduate day students and a total annual enrollment in all divisions of 13,000. Programs are offered on campus, online and on location at our centers in New Hampshire and Maine. The university offers programs in business, community economic development, culinary arts, teacher education, hospitality management and liberal arts.

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