Category: Competitions

2020 Bob Mark Business Model Competition Winners

The 2020 Bob Mark Business Model Competition was held January 29.  Eighteen students making up 13 teams pitched business models to advance their innovation. Community members and judges from across campus and the community selected the winners and provided the teams with feedback.

Student stands on stage during business plan competition
Jacob Soter is currently pursuing a TechMBA®

The winners of the 2020 Bob Mark Business Model Competition:

  • First Prize, $2,000—Kyra Pratley, POWERPENDANTS
  • Second Prize, $1,000—Jake Soter, SwimSmart Technologies
  • Third Prize, $500—J. Harrison Shields, Shields Technologies
  • Honorable Mention, $250—Samerender Hanumantharao & Stephanie Bule, Bio-Synt
  • Honorable Mention, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • Audience Favorite, $250—Allysa Meinburg, Haley Papineau, Sadat Yang, AAA Prosthetic Ankle
  • MTEC SmartZone Breakout Innovation Award, ($1,000 Reimbursable expenses toward business development)—Ranit Karmakar

This event is a tribute to the late Bob Mark, professor of practice in the College of Business who started the Elevator Pitch Competition at Michigan Tech. The competition recognizes his entrepreneurial spirit and its continuation at Michigan Tech.

The 2020 Bob Mark Business Model Competition was hosted by Husky Innovate, a collaboration between Pavlis Honors College, the Michigan Tech College of Business, and the Office of Innovation and Commercialization. Husky Innovate is Michigan Tech’s resource hub for innovation and entrepreneurship, and offers workshops, competitions, NSF I-Corps training, a speaker series, and co-hosts the Silicon Valley Experience.


Introducing the Husky Investment Tournament for High Schools

Student stands at NasdaqThe School of Business and Economics at Michigan Technological University announces the Husky Investment Tournament, an exciting and engaging semester-long outreach initiative designed for high school business classrooms. Students in grades nine through twelve will see business come to life through the principles of the stock market–with the opportunity to win prize money and college scholarships!

“The purpose of the Husky Investment Tournament is to offer more students more pathways to discover business opportunities at Michigan Tech,” says Dean Johnson, dean of the School of Business and Economics and founder of the Tournament. 

How it works: Teams comprised of 3-4 student members will receive $1,000,000 in virtual US dollars will build a portfolio. At the conclusion of the competition, the team with the top-performing portfolio will be invited to campus to pitch to a panel of current Michigan Tech students and experts. The winning team will also receive $1,000 in prize money and all student-team members who actively participate will be awarded scholarships to attend Michigan Tech.

Most importantly, students will learn about the world of investing and business in a hands-on and dynamic way.

“We envision the Husky Investment Tournament to be embedded into an economics or business or personal finance class. Teachers should plan to discuss personal finance, investing, and the Husky Investment Tournament with students. The School of Business and Economics will provide faculty support and resources,” Johnson says.

 

Students gather around computer

Registration closes September 23 and the competition begins October 1, running until December 1. Interested educators or administrators may inquire for more details by emailing business@mtu.edu. 

 

 


Business Huskies Place Second and Third in State Project Competition

Earlier this month, Michigan Technological University’s School of Business and Economics (SBE) sent two teams of undergraduate students to Grand Rapids, Michigan, to compete in the final stage of the eighth-annual THE Project Competition, an annual collegiate project management competition hosted by the Western Michigan Project Management Institute Chapter.

From L to R: Keaton Thames, Erica Austin, Giselle Ulep, Skyler Nelson-Makuch, Sarah Koerber, Quinn Trumbower

Roger Woods, SBE faculty member who leads the opportunity each year, says that the experience engages Huskies in the practice of project management, develops their leadership skills, and provides them with a platform to demonstrate their abilities to business and community leaders.

Michigan Tech has competed in all eight of the competitions, placing third in 2018 and first in 2017.

THE Project scenario for 2019 was to develop a project plan to renovate an existing building on campus to LEED standards. Teams worked with subject-matter experts and stakeholders to develop a project plan using the Project Management Body of Knowledge published by the Project Management Institute. They are assigned a mentor and are judged by professionals at four different stages or “gates.”

Students faced competition from five other Michigan schools including Cornerstone, Ferris State, Grand Valley, Hillsdale, and Western Michigan.

“THE Project is probably the best college experience I have had outside of an internship for my future career in the project management industry,” says first-time competitor and Michigan Tech senior, Connor Green.

A group of five Michigan Tech students pose at competition.
From L to R: Amanda Vermeer, Amanda Sabol, Megan Twork, Connor Green, Hannah Badger

Team Extreme Makeover Tech Edition–comprised of Erica Austin (management, Sterling Heights, MI), Sarah Koerber (engineering management,Grand Blanc, MI), Skyler Nelson-Makuch (supply chain and operations management, Kalamazoo, MI), Keaton Thames (engineering management, Highlands Ranch, CO), Quinn Trumbower (engineering management, New London, WI) , and Giselle Ulep (engineering management, Beverly Hills, MI)–went from last place to the top spot in their division throughout the four competition gates, securing a position in the final three.

Huskies LEED the Way–a team, which included Hannah Badger (engineering management, Plymouth, MI), Connor Green (engineering management, Sandusky, MI), Amanda Sabol (engineering management, Utica, MI), Megan Twork (engineering management, Ravenna, MI), and Amanda Vermeer (engineering management, Sterling Heights, MI)–led their division from start to finish, also securing a spot in the final three.

Final: Huskies LEED second; Extreme Makeover third.

 


2018 Bob Mark Business Model Competition

The Bob Mark Business Model Competition provides a venue for students of all majors to pitch their entrepreneurial ideas before an audience and a panel of judges. Prior to the competition, students receive coaching from business professionals to hone their ideas and improve their pitches.

The 2018 Bob Mark Business Model Competition took place Wednesday, Dec. 5. More than 20 participants making up 15 teams pitched business plans for ideas ranging from hypothermia-preventing life jackets to a web-based stress management program.


Bob Mark Business Model Competition Applications Now Open

The Innovation Center for Entrepreneurship will host the 2018 Bob Mark Business Model Competition from 7 to 9 p.m. Wednesday, Dec. 5 in the Opie Library. Students can apply to compete here.

Prizes will be awarded to the most scalable and actionable business model pitches. Using prize money, students have a chance to take their entrepreneurial idea to the next stage of development further preparing them for additional opportunities such as competing at the New Venture Competition held in April at Central Michigan University.

President Koubek will serve as a distinguished judge alongside other entrepreneurially minded faculty, staff, and community members.

Prizes for the Bob Mark Business Model Competition include:

  • First Prize – $2,000 + $100 services from MTEC SmartZone
  • Second Prize – $1,000 + $100 services from MTEC SmartZone
  • Third Prize – $500 + $100 services from MTEC SmartZone
  • Honorable Mention (2 prizes) – $250 each
  • Audience Favorite – $250
  • MTEC SmartZone prize – $1,000

Students should apply by submitting this form no later than midnight on Wednesday, Nov. 21. The top 15 applicants will be selected to participate in the Bob Mark Business Model Competition. Student guidelines, scoring criteria, and a blank Business Model Canvas can be found at mtu.edu/honors/ice/husky-innovate.

The 2018 Bob Mark Business Model Competition is part of Husky Innovate, a series of workshops and events that guide students through key phases of innovation or business development while emphasizing evidence-based strategies for success. The competition is hosted by the Innovation Center for Entrepreneurship, which is a collaboration between the Pavlis Honors College, the School of Business and Economics, and the Vice President for Research Office. The event is a tribute to the late Bob Mark, professor of practice in the School of Business and Economics. Mark founded the Elevator Pitch Competition and brought the Business Plan Competition to Michigan Tech. His entrepreneurial spirit lives on in students, faculty, and staff.