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UC Center for Entrepreneurship Spirit of Enterprise Graduate Business Plan Competition

Spirit of Enterprise

.

2013 UC Spirit of Enterprise Graduate Business Plan Competition

2013 UC Spirit of Enterprise Graduate Business Plan Competition

2013 Spirit of Enterprise Teams

Campus Tax & Financial Aid, Kennesaw State University
EndorsEase, University of Oregon
EverFile Systems, University of Illinois at Chicago
Fresh Looks, University of Texas
Karcinex, Johns Hopkins University
JLC Traders, Warwick University (UK)
Neural Analytics, University of California - Los Angeles
ParadigMed LLC, University of Arkansas
Rainmakers, Jamnalal Bajaj Institute of Management Studies (India)
Real Good Food, University of Michigan
S.H.H.A.D.E., University of Miami (FL)
Sustain-A-Watt, University of Cincinnati
Vacation Races, Brigham Young University
VOC Diagnostics, University of Louisville

UC Spirit of Enterprise Winner VOC Diagnostics

UC Spirit of Enterprise Winner VOC Diagnostics, University of Louisville

2013 UC Spirit of Enterprise Award Winners

Championship Round Awards

Cincom Systems Spirit of Enterprise Champion Award 10,000
 
University of Louisville
VOC Diagnostics

VOC Diagnostics presents VitaLung, a lung cancer diagnostic device that can save 130,000 lives and over $2B annually in the U.S. alone. Using patent pending technology, VitaLung applies cutting-edge biomarker research to detect the presence of lung
cancer through the capture and analysis of volatile organic compounds (VOCs) in a patient’s breath. VitaLung is a non-invasive, accurate, affordable and simple test for the early detection of lung cancer.  The technology at the core of VitaLung is currently undergoing a human efficacy trial, and current results show an accuracy of more than 85% and a false positive rate of less than 15% on over 120 patients tested. With an exclusive option to license the technology from the University of Louisville, VOC Diagnostics’ driven management team and experienced advisors have developed a comprehensive plan to take VitaLung to market. VitaLung will save money and, more importantly, save lives!

Faculty Advisor:  Van Clouse
Team Member:   Justus Zils, Douglass Donaldson, Nicholas Muscato, James Edington

The champion also receives an automatic bid to the Venture Labs Investment Competition® (formerly MOOT Corp) and an invitation to present to the Greater Cincinnati Venture Association (GCVA).

UC Spirit of Enterprise

EverFile System, University of Illinois at Chicago

1st Runner Up Meridian Spirit Award $3,000

University of Illinois at Chicago
EverFile System

Data Storage failures, one of the leading causes of company downtime, account for billions in lost revenue across the globe. These failures are unfortunately unavoidable, but with the EverFile System in place, organizations can rest easy knowing that these outages will be limited to seconds, instead of the hours incurred with current solutions. The EverFile System transfers thousands of pieces of single data sets simultaneously among available networks and reconstructs missing data even if only a portion of the set is available, which enables faster operational connectivity and better storage failure recovery than current solutions. Data should be virtually immortal and always accessible.

Faculty Advisor:    Rod Shrader
Team Members:   James DeMory, Benjamin Lachman

2013 UC Spirit of Enterprise

SHHADE, University of Miami, Florida

2nd Runner Up CincyTech Start-Up Award $2,000

University of Miami (Florida)
SHHADE

SHHADE uses business intelligence to determine which patients are the most expensive to hospitals and insurance companies. Using healthcare analytics, SHHADE then determines which of these patients are over-utilizing emergency room services for chronic disease management. Patients qualify for our program if their diagnosis is one of these chronic manageable illnesses: asthma, chronic obstructive pulmonary disease, hypertension, diabetes, dyslipidemia, or congestive heart failure. These patients will be enrolled in our medical home model program, which specializes in providing preventative health care services directly at the patient's home. SHHADE specializes in closely monitoring patient's health, educating patients about their disease process, and motivating patients to become active participants in their own long-term health and well-being. The long-term goal of SHHADE is to provide quality healthcare to patients, thus reducing their pain and suffering while reducing the burden of the healthcare costs to hospitals and insurance companies.

Faculty Advisor:    Steven Ullmann
Team Members:   Onyi Ugorji, Rimsky Denis, Karan Srivastava, Chaitanya Vadlamudi

2013 UC Spirit of Enterprise

ParadigMed, University of Arkansas

3rd Runner Up Queen City Angels First Fund Award $1,000

University of Arkansas
ParadigMed

Every 16 seconds someone dies of AIDS. Children become orphans. Families lose loved ones.

Studies have shown that adult male circumcision can reduce the rate of heterosexual HIV transmission by up to 60%. Consequently, the WHO has recommended that over 38 million uncircumcised adult African males be circumcised to prevent HIV infection. This effort will cost $1.5billion. However, only 1.3 million males out of the target population had been circumcised by 2011. Current procedures are too expensive, painful, of poor quality and lack an innovative device to speed up the process.

ParadigMed addresses these shortcomings with our patent-pending Circumex® adult male circumcision device. This is a cost-effective, disposable, non-surgical device that can be used in an outpatient setting, fully addressing the WHO’s challenges.

Faculty Advisor:    Carol Reeves
Team Members:   Stephen O. Kayodem, Tara Mink, Benjamin Owoyele, Jeff Marotte, MD

2013 UC Spirit of Enterprise

Sustain-A-Watt, University of Cincinnati

Taxi/Limo Competition Round Awards     $1,000

University of Cincinnati
Sustain-A-Watt Energy Solutions

The PowerGenie™ is a smart power strip that allows consumers to manager their energy usage instead of letting it manage them.  Using the patent pending PowerGenie™ smartphone WattApp™ technology, consumers can easily and remotely control both active and passive energy use in the homes and businesses. The PowerGenie™ is targeted towards residential homes, but as it gains momentum it will appeal to a broader target market, such as small businesses, office buildings, and one day find itself in every niche of the energy efficiency market.

Faculty Advisor:  Charles H. Matthews
Team Members:   Rod Ghavami, Jason Van Vliet, John Schroder, Laksh Khurana, Shenghan “Tracy” Wang

Best Technology Plan Award $1,000

University of Louisville
VOC Diagnostics

VOC Diagnostics presents VitaLung, a lung cancer diagnostic device that can save 130,000 lives and over $2B annually in the U.S. alone. Using patent pending technology, VitaLung applies cutting-edge biomarker research to detect the presence of lung cancer through the capture and analysis of volatile organic compounds (VOCs) in a patient’s breath. VitaLung is a non-invasive, accurate, affordable and simple test for the early detection of lung cancer.  The technology at the core of VitaLung is currently undergoing a human efficacy trial, and current results show an accuracy of more than 85% and a false positive rate of less than 15% on over 120 patients tested. With an exclusive option to license the technology from the University of Louisville, VOC Diagnostics’ driven management team and experienced advisors have developed a comprehensive plan to take VitaLung to market. VitaLung will save money and, more importantly, save lives!

Faculty Advisor:  Van Clouse
Team Members:   Justus Zils, Douglass Donaldson, Nicholas Muscato, James Edington

2013 UC Spirit of Enterprise

Neural Analytics, University of California, Los Angeles

Best Exhibit Awards

1st Place $350 Best Exhibit Award

University of California – Los Angeles
Neural Analytics

Neural Analytics offers a non-invasive solution for measuring a critical physiologic parameter that currently requires a neurosurgeon to drill a hole in the patient’s skull. The device, RapidICP, has a patented method to noninvasively measure intracranial pressure (ICP) using a portable, inexpensive ultrasound device that can be used by a trained technician. No clinically accepted medical device exists for noninvasive ICP assessment. As a consequence, the practice of ICP assessment has been limited to brain injury patients in neurocritical care units. Intracranial hypertension (IH, increased ICP) is a life-threatening condition in severe traumatic brain injury (TBI), and it has been shown that ICP monitoring significantly reduces mortality rates in this patient population. With nearly ten years of academic development and funding through NIH grants, the group has developed a promising new algorithm to expand the use of the well-established ultrasound technique known as Transcranial Doppler (TCD) to noninvasively diagnose IH. The technology, RapidICP, is based on recognition of distinct patterns in the pulsatile cerebral blood flow velocity (CBFV) signals that are associated with IH.

Faculty Advisor:  Xiao Hu
Team Members:   Robert Hamilton, Leo Petrossian, Dan Hanchey

2nd Place $250 Exhibit Award

University of Louisville
VOC Diagnostics

VOC Diagnostics presents VitaLung, a lung cancer diagnostic device that can save 130,000 lives and over $2B annually in the U.S. alone. Using patent pending technology, VitaLung applies cutting-edge biomarker research to detect the presence of lung cancer through the capture and analysis of volatile organic compounds (VOCs) in a patient’s breath. VitaLung is a non-invasive, accurate, affordable and simple test for the early detection of lung cancer.  The technology at the core of VitaLung is currently undergoing a human efficacy trial, and current results show an accuracy of more than 85% and a false positive rate of less than 15% on over 120 patients tested. With an exclusive option to license the technology from the University of Louisville, VOC Diagnostics’ driven management team and experienced advisors have developed a comprehensive plan to take VitaLung to market. VitaLung will save money and, more importantly, save lives!

Faculty Advisor:  Van Clouse
Team Member:   Justus Zils, Douglass Donaldson, Nicholas Muscato, James Edington

2013 UC Spirit of Enterprise

Karcinex, Johns Hopkins University

3rd Place $150 Exhibit Award

Johns Hopkins University
Karcinex

Bladder cancer is historically one of the most lethal types of cancer and the most expensive cancer to treat per patient. Since the beginning of 2011, there have been over 14,000 deaths caused by bladder cancer and about 70,000 new diagnoses in the United States. As a result, there is a desperate need to develop a novel, non-invasive diagnostic method that can exhibit high specificity as well as sensitivity so that patients can be treated at an early stage of cancer. We developed Urelease, a therapeutic vibrating belt that shakes the patient’s lower abdomen in order to increase the concentration of cancer cells in urine samples. This will provide a non-invasive, painless, and reliable procedure that can increase the sensitivity of the urine cytology for early diagnosis of bladder cancer. It should be noted that urine cytology is already a very specific test because the pathologist can confirm the presence of cancer with 100% certainty when cancer cells are collected.

Faculty Advisor:  Steven Mooney
Team Members:   John Kim, Neil O'Donnell, David West, James Verdone, Patrick Luckett

Preliminary Round Judges

Pat Longo, Hamilton County Business Center; Brian Eve, Dupion Industries; Parag Rathi, River Cities Capital Funds; C. Kevin Armstrong, Armstrong & Company; John Wayne, Fidelity Investments; Sunnie Southern, Viable Synergy; C. Michael Bowers, iPay Technologies; Michael J. Barras, Barras Consulting Group; Denise deSilva Litter, Cincinnati USA Regional Chamber

Exhibition Judges

William W. Haman, SCORE, Counselors to America’s Small Business; Kelley Brandstetter Tracy, Keating Muething & Klekamp PLL

Taxi/Limo Round Judge

Dov Rosenberg, Allos Ventures

Best Technology Award Judges

Paul Cohn, Fort Washington Capital Partners Group; Casey Barach, Madison E-Zone/Kentucky Innovation Network/UpTech; Tarik Adam, Fort Washington Capital Partners Group; Rich Mitchell, Ernst & Young

Championship Round Judges

Tony Shipley, Queen City Angels; John A. Kraeutler, Meridian Bioscience; Bob Coy, CincyTech; Terri Bethel, Wells Fargo Bank and Dan Vogel, Cincom Systems, Inc.

 

Many Thanks to our Sponsors

Platinum Level - $10,000 and up

Cincom Systems, Inc.

Gold Level - $5,000 - $9,999

Meridian Bioscience, Inc.
CincyTech

Silver Level - $2,100 - $4,999

Queen City Angels
Ernst & Young
The Ohio Capital Fund and
Fort Washington Capital Partners
Total Quality Logistics

Bronze Level – 1,000 - $2,099

Greater Cincinnati Venture Association                                     

Friends - $500 - $999

Keating Muething & Klekamp PLL
River Cities Capital Fund

A special thanks to Palo Alto Software, Big Joe’s Limos and Cincy Magazine for their in-kind contributions.

Additional thanks to the following for their generous support of the students, faculty, judges and hosts:  Carl H. Lindner College of Business, Cintas, Duke Energy, Friends of the Entrepreneurship Center, Guy Brown Express and Office Max, Macy’s, Neyer Properties, The Cincinnati Reds, Sunny Delight Beverage Co., Total Quality Logistics, UC Lindner College of Business Graduate Programs Office and United Dairy Farmers.

The Teams

Brigham Young University
Vacation Races

Faculty Advisor:    Jerry Nelson
Team Members:     Salem Stanley, Porter Bratton

Jamnalal Bajaj Institute of Management Studies (India)
Rainmakers

Faculty Advisor:  Balkrishna Parab
Team Member:    Aditya Iyer, Chaitanya Gandhi, Esha Shah, Ashwini Kumar Singh

Johns Hopkins University
Karcinex

Faculty Advisor:  Steven Mooney
Team Members:   John Kim, Neil O'Donnell, David West, James Verdone, Patrick Luckett

Kennesaw State University
Campus Tax & Financial Aid

Faculty Advisor:  Charles Hofer
Team Members:   Dennis Loubiere, Tyneashia Woods, Nurkan Turkdogru Gurun

University of Arkansas
ParadigMed

Faculty Advisor:  Carol Reeves
Team Members:   Stephen O. Kayodem, Tara Mink, Benjamin Owoyele, Jeff Marotte, MD

University of California – Los Angeles
Neural Analytics

Faculty Advisor:  Xiao Hu
Team Members:   Robert Hamilton, Leo Petrossian, Dan Hanchey

University of Cincinnati
Sustain-A-Watt Energy Solutions

Faculty Advisor:    Charles H. Matthews
Team Members:   Rod Ghavami, Jason Van Vliet, John Schroder, Laksh Khurana,
Shenghan “Tracy” Wang

University of Illinois at Chicago
EverFile System

Faculty Advisor:  Rod Shrader
Team Members:   James DeMory, Benjamin Lachman

University of Louisville
VOC Diagnostics

Faculty Advisor:  Van Clouse
Team Member:    Justus Zils, Douglass Donaldson, Nicholas Muscato, James Edington

University of Miami (Florida)
SHHADE

Faculty Advisor:   Steven Ullmann
Team Members:   Onyi Ugorji, Rimsky Denis, Karan Srivastava, Chaitanya Vadlamudi

University of Michigan
Real Good Food

Faculty Advisor:  Sarika Gupta
Team Member:    Devin McIntire, Joe Elliott

University of Oregon
EndorsEase

Faculty Advisor:   Nathan Lillegard
Team Members:   David Fishel, Anthony Cresta, Lauren Berkema

University of Texas
FreshLooks                        

Faculty Advisor: Robert Warren
Team Member:   James Booker, Cecilia Corral, Heather Hill

Warwick University
JLC Traders       

Faculty Advisor: Harminder Singh
Team Member:   Craig Green, Lyn Clinton, Sebastian Eberhard, Venantas Griciunas

About the UC Center for Entrepreneurship Education & Research

The University of Cincinnati’s Center for Entrepreneurship Education & Research seeks to create a world-class center for entrepreneurship education, research and service.  Founded in 1997, the E-Center’s vision and mission is to provide a state-of-the-art entrepreneurship curriculum and research base not only for potential student entrepreneurs and scholars, but also for people in the many organizations that interact with small, entrepreneurial and family owned businesses on a daily basis.  The E-Center seeks collaborative efforts between students and faculty from across the University to remove barriers and create gateways to entrepreneurism. 

Under the leadership of the Center’s Founder/Executive Director, Dr. Charles H. Matthews, the University of Cincinnati was ranked as one of the top 50 programs for Entrepreneurship in the U.S. in 2001 (Success Magazine); one of the top 100 programs in the U.S. (Entrepreneur Magazine) in 2003, 2004, and 2005; and a top 25 (#21) undergraduate entrepreneurship program (The Princeton Review/Entrepreneur Magazine) in 2008.

The Center’s main mission is to “…remove barriers and create gateways,” for all entrepreneurs – especially student entrepreneurs.  Center programs and initiatives including its flagship Small Business Institute® and rigorous curriculum and competitions, among others facilitate the entrepreneurial journey.

About Cincom Systems, Inc.

For 44 years, Cincom has helped thousands of clients worldwide by solving complex business problems with its software and services. For more information about Cincom's products and services, contact Cincom at 1-800-2CINCOM begin_of_the_skype_highlightingend_of_the_skype_highlighting (USA only), send an e-mail to info@cincom.com or visit the company's website at http://www.cincom.com.

For more information, please contact:

Charles H. Matthews, PhD
Executive Director, UC Center for Entrepreneurship Education & Research
Professor of Entrepreneurship & Strategic Management
Carl H. Lindner College of Business
University of Cincinnati
Cincinnati, OH  45221-0165
Phone: 513-556-7123
Fax:513-556-5499
Email: charles.matthews@uc.edu