Carl H. Lindner College of BusinessCarl H. Lindner College of BusinessUniversity of Cincinnati

Carl H. Lindner College of Business

Winners Announced from UC's 2011 Spirit of Enterprise Graduate Business Plan Competition

Submitted: 3/9/2011 16:06:51
  • The winning team of the UC Spirit of Enterprise Graduate Business Plan Competition, held Feb. 24 and 25 at Cincom Systems world headquarters in Cincinnati, receive $10,000 and an automatic bid to the 2011 Venture Labs Investment Competition.

The seventh annual University of Cincinnati (UC) Spirit of Enterprise Competition, featuring 15 student teams from universities across North America, was held Feb. 24 and 25, 2011, at Cincom Systems world headquarters in Cincinnati. The Cincom Spirit of Enterprise Champion receives $10,000 and an automatic bid to the 2011 Venture Labs Investment Competition (formerly MOOT Corp). Prize money was also awarded for first, second and third runner-up positions, as well as to the recipient of the taxi/limo consolation round, best technology plan and the top three best exhibit presentations.

Students from Carnegie Mellon University, Johns Hopkins University, Purdue University, the University of Arkansas (the 2010 Champion), University of Cincinnati, University of Louisville and the University of Oregon to name a few presented new venture ideas ranging from innovative designs for renewable energy commercial lighting solutions, to integrated supply chain management solutions, to gluten free baked goods, to cutting edge biotech solutions to today's health care issues.

The winning team, TNG Pharmaceuticals from the University of Louisville, was named the Cincom Spirit of Enterprise Champion and received $10,000 in addition to an automatic bid to the upcoming 2011 Venture Labs Investment Competition (formerly MOOT Corp), often called "The Super Bowl of World Business-Plan Competitions." TNG Pharmaceuticals has developed a revolutionary new vaccine, FlyVax, that alleviates the negative impact of the horn fly.

"It is inspiring to see these teams present their ideas," commented Charles H Matthews, PhD, executive director of the UC Center for Entrepreneurship Education & Research. "The opportunity to network with other entrepreneurs, receive feedback and interact with the esteemed panel of judges, and just be with one of the most successful entrepreneurial exemplars of our time, Mr. Tom Nies, make for a very productive two days."

Awards were also presented for first, second and third runner-up positions as well as top three best exhibitors and best technology plan. O2 Insights, commercializing a patented , platform medical technology providing effective wound assessment, from The Ohio State University edged out Medtric Biotech, developers of OSMEOSETM, a unique method destroying bacteria in infected wounds, from Purdue University for the 1st Runner Up award. 02 Insights took home the $3,000 Meridian Spirit Award and Medtric Biotech took home the $2,000 Queen City Angels First Fund Award. The 3rd Runner Up Launchpad Award was won by Stabilis, developers of OptiBalance, preventing falls during physical therapy, from the University of Illinois at Chicago.

Teams not advancing to the finals had the opportunity to enter the Taxi/Limo consolation round of the competition. The teams take a ten-minute limo ride mirroring a chance encounter with a potential angel investor. Kalood (social platform connecting consumers and retailers) from Brigham Young University was awarded a $1,000 cash prize for convincing the judge of their business plan's viability before the ride came to a halt.

The Best Exhibit Awards were won by Sonas, LLC, the University of Oregon, who ran away with the 1st Place $350 award. Stabilis, University of Illinois at Chicago, took the 2nd Place $250 award and BOSS Medical from Johns Hopkins University won the 3rd Place $150 prize.

Championship Round Awards

Cincom Systems Spirit of Enterprise Champion Award $10,000
Sponsored by Cincom Systems, Inc.
Mr. Thomas M. Nies, Founder, President & CEO, Cincom Systems, Inc
.

University of Louisville
TNG Pharmaceuticals

TNG Pharmaceuticals has developed a new vaccine that will alleviate the negative impact of the horn fly, considered the most health depleting and economically damaging pest of the cattle population. FlyVax is targeted to reduce the number of horn flies per cow, which leads to increased farmer efficiency, milk yield, beef production, lower pesticide use and lessen the spread of diseases.

Faculty Advisor: Dr. Van Clouse
Team Members: Jenny Corbin, Larry Horn, Terry Tate, Cory Long and Max Brudner

The champions also received an automatic bid to the Venture Labs Investment Competition in May, 2011 (formerly MOOT Corp).


1st Runner Up Meridian Spirit Award $3,000

Ohio State University
O2 Insights, Inc.

O2 Insights is commercializing a patented, platform medical technology which will provide an accurate, simple and effective assessment of a chronic wound, and subsequently standardize wound assessment and patient triage improving patient outcomes, reduce costs and generate reimbursed profits.

Faculty Advisor: Dr. S. Michael Camp
Team Members: Robert Rushenberg and Samit Gupta


2nd Runner Up Queen City Angels First Fund Award $2,000

Purdue University
Medtric Biotech, LLC

Medtric Biotech's cornerstone technology is a unique method of destroying bacteria for the prevention and treatment of infected wounds offering three competitive advantages: effectiveness against a wide array of bacteria, promotes healing, and a low-cost solution in a high-priced field.

Faculty Advisor: Dr. Richard Borgens
Team Members: Sean Connell, Robert Einterz and Jianming Li


3rd Runner Up Launchpad Award $1,000

University of Illinois at Chicago
Stabilis

Stabilis has IP and a working physical rehabilitation device called OptiBalance that reduces falls in the elderly. This device improves an individual's gait stability by reeducating his/her own neuromuscular response to slipping and tripping in a safe and controlled environment.

Faculty Advisor: Dr. Rod Shrader
Team Member: Brad Taras, Udai Jayakumar and Thor Perplies


Best Technology Plan Award $1,000

Ohio State University
O2 Insights, Inc.

O2 Insights is commercializing a patented, platform medical technology which will provide an accurate, simple and effective assessment of a chronic wound, and subsequently standardize wound assessment and patient triage improving patient outcomes, reduce costs and generate reimbursed profits.

Faculty Advisor: Dr. S. Michael Camp
Team Members: Robert Rushenberg and Samit Gupta

Taxi/Limo Competition Round Awards $1,000

Brigham Young University
Kalood

Kalood is the world's first social platform connecting customers to retailer/service providers. They provide consumers discount information about products and services in which they have an interest. Kalood also provides retail/service providers detailed customer analytics, advertisement and customized customer communication.

Faculty Advisor: Jerry Nelson
Team Members: Neal Watterson, Brad Cahoon and Matt Smith


Best Exhibit Awards
1st Place - $350


University of Oregon
Sonas, LLC

Sonas is bringing to market a portable Container Screening Device "CSD," capable of screening containers to provide actionable intelligence to screening operators in near real time as part of a larger overall threat detection network. The CSD uses ultrasonic waves to identify liquids in sealed containers, a capability that is currently lacking in screening equipment on the market.


Faculty Advisor: Al Cochrane
Team Members: Tom Cramer, Erika Penner, Jennifer Costa and Blake Seabaugh


2nd Place - $250

University of Illinois at Chicago
Stabilis

Stabilis has IP and a working physical rehabilitation device called OptiBalance that reduces falls in the elderly. This device improves an individual's gait stability by reeducating his/her own neuromuscular response to slipping and tripping in a safe and controlled environment.

Faculty Advisor: Dr. Rod Shrader
Team Member: Brad Taras, Udai Jayakumar and Thor Perplies


3rd Place - $150

Johns Hopkins University
BOSS Medical

The BOSS (Better Orthopedic Spinal Solutions) Harvester quickly extracts a large volume of ICBG (Iliac Crest Bone Graft) through a small incision without damaging the outer shell of the iliac crest or the surrounding vascular and nerve tissue during a bone graft, common in spinal fusion procedures.

Faculty Advisor: Dr. A. Jay Khanna
Team Members: Shoval Dekel, Neil Shah, Maxim Budyansky, Haim Gottfried and Peter Truskey


Preliminary Round Judges
Carol Frankenstein, Biostart; Pat Longo, Hamilton County Business Center; Brian Eve, Dupion Industries; Parag Rathi, River Cities Capital Funds; Don McKee, Collaborant Ltd.; Michael Lee, Proxi Market Solutions; C Kevin Armstrong, C Kevin Armstrong CPA; Damon Ragusa, ThinkVine Corporation; John Wayne, SmarterBiz Solutions


Exhibition Judges
William H. Haman, SCORE, Counselors to America's Small Business; Pamla Winther,
Tri.Partners (HOPS Technology Inc.); Jon Hiltz, Esq., Keating Muething & Klekamp PLL


Taxi/Limo Round Judge
Dov Rosenberg, Blue Chip Venture Company

Best Technology Award Judges
Christopher Baucom, Fort Washington Capital; Casey Barach, Madison E-Zone; Tarik Adam, Fort Washington Capital Partners Group; Paul Cohn, Fort Washington Capital Partners Group; Scott Tabor, Fort Washington Capital Partners Group

Championship Round Judges
Tony Shipley, Queen City Angels; John A. Kraeutler, Meridian Bioscience; Maribeth Rahe, Ft. Washington Capital Partners Group, 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 and CincyTech
Silver Level - $2,100 - $4,999 Queen City Angels, 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 and
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: Anonymous Friend of the Center, Chiquita Brands International, Cincinnati Bell, Cincom Systems, Inc., Frisch's, Graeter's, Husman's, Skyline Chili, The Growth Coach, Total Quality Logistics, UC College of Business Graduate Programs, UC Alumni Center, UC College of Business and United Dairy Farmers.

The Teams
University of Cincinnati
GreenLife Energy, Inc.
Faculty Advisor: Chuck Matthews
Team Members: Ronald Meyers and Charles Schwartz

Kennesaw State University
V-Chain
Faculty Advisor: Charles Hofer
Team Members: Thomas Sweeney and James Vinson

University of Louisville

TNG Pharmaceuticals
Faculty Advisor: Van Clouse
Team Members: Jenny Corbin, Larry Horn, Terry Tate, Cory Long and Max Brudner

University of Oregon
Sonas, LLC
Faculty Advisor: Al Cochrane
Team Members: Tom Cramer, Erika Penner, Jennifer Costa and Blake Seabaugh

Carnegie Mellon University
ConnectSolutions Inc.
Faculty Advisor: Arthur Boni
Team Members: Takezo Fukuura, Mufu Na and Iva Segalman

Georgetown University
Hoff & Holmes
Faculty Advisor: Thomas Hajduk
Team Member: Elisa Vitalo, Rajdeep Kaur and Charlene Coyukiat

Ohio State University
O2 Insights, Inc.
Faculty Advisor: S. Michael Camp
Team Members: Robert Rushenberg and Samit Gupta

Purdue University
Medtric Biotech, LLC
Faculty Advisor: Richard Borgens
Team Members: Sean Connell, Robert Einterz and Jianming Li

University of Michigan
Bebarang
Faculty Advisor: Paul Kirsch
Team Member: Luis Calderon and Kim Allen

John Hopkins University
BOSS Medical
Faculty Advisor: A. Jay Khanna
Team Members: Shoval Dekel, Neil Shah, Maxim Budyansky, Haim Gottfried and Peter Truskey

Indiana University

Hydraulic Wind Power, LLC
Faculty Advisor: Don Kuratko
Team Members: Adam Johnson and Justin Otani

University of Akron
Olryx, LLC
Faculty Advisor: Wil Hemker
Team Member: Ashish Jagtiani and Ashok Manthena

University of Illinois at Chicago
Stabilis
Faculty Advisor: Rod Shrader
Team Member: Brad Taras, Udai Jayakumar and Thor Perplies

University of Arkansas
TiFiber
Faculty Advisor: Carol Reeves
Team Members: Craig Crismon, Bhanu Koppolu, Alex Kieslich, Joel Irons and Brock Hauser

Brigham Young University
Kalood
Faculty Advisor: Jerry Nelson
Team Members: Neal Watterson, Brad Cahoon and Matt Smith


About Cincom Systems, Inc.
For 43 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 (USA only), send an e-mail to info@cincom.com or visit the company's website at http://www.cincom.com.

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.

For more information, please contact:

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