karmagora featured in OU SBA newsletter
Friday, November 12, 2010 – CIBRE interns help launch nonprofit, giving charity a technological boost
When Oakland University SBA students Nick Morana and Daniel Ring signed up for a CIBRE Summer Internship last summer, they never imagined they would be asked to help launch a new business.
Since last June, Morana and Ring have been developing a business plan for a project designed to change the way people help one another. Karmagora is a Web-based, interactive time bank program that allows participants worldwide to deposit and withdraw credits – karmas – that represent 15 minutes of volunteer service each. Karmas are created by service and can be redeemed to receive service.
“This could be a big success,” says Ring, an accounting major from Clawson.
He and Morana, now seniors, invested so much time and energy into the project that they agreed to continue supporting it beyond their internship while founders Rob Ray, SBA (Finance) ’04, and Doug Van Slembrouck, SBA (MIS) ’01, get Karmagora in motion.