Michigan Tech College of Business Newsblog

Huskies Engage at Traverse City during Innovation Week

Published May 11, 2022

As part of Michigan Tech’s Grand Traverse region initiative, Huskies will be active in Traverse City this week (May 9-15) during a series of events to celebrate innovation and entrepreneurship.

Husky Innovate students Bayle Golden (master’s in engineering management) and Rourke Sylvain (biomedical engineering) will pitch their ideas during the TCNewTech University Idea Showcase tomorrow (May 12). On Sunday evening they will pitch again, competing for prizes.

College of Business alumnus and local business owner David McBride ‘82 will serve as a judge of the showcase. This event will be livestreamed via TCNewTech’s Facebook, YouTube and LinkedIn channels beginning at 6 p.m. Register to attend virtually or in person.

Golden and Sylvain have engaged in Husky Innovate events including the Bob Mark Business Model Pitch Competition and the New Venture Competition (NVC), where both took top prizes. At NVC, Golden won first place in the Social Mission category and received $10,000 pitching “SafeRow,” an innovative wearable device designed to keep children safe when every second counts. Together, Sylvain and Ali Dabas (biomedical engineering) won second place in the High Tech High Growth category, receiving $5,000. Their pitch, “imi (integrated molecular innovations),” is an electrochemical biosensor for T4 detection.

Husky Innovate is a collaboration between the Pavlis Honors College, the Office of Innovation and Commercialization, and the College of Business.

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, business analytics, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Scholarship Spotlight: Ross Roeder Endowed Scholarship

Published May 11, 2022

By Shannon Rinkinen

Hillary Prout (left) and Nathan Sodini (right), Michigan Tech College of Business Ross Roeder Endowed Scholarship Recipients

The Michigan Tech College of Business boasts more than 50 donor- and industry-sponsored scholarships reserved exclusively for new and returning MTU business students. These awards are offered in addition to competitive, merit-, and need-based aid. In 2020-21, total scholarships and grants awarded to undergraduate students in the College of Business exceeded $4.6 million.

Today, we’re highlighting the Ross Roeder Endowed Scholarship.

The late Ross Roeder ’60, a Michigan Tech Board of Trustees Silver Medal recipient and an Alumni Association Honorary Alumnus, established an endowed scholarship for the College of Business (COB) to encourage entrepreneurship and leadership. The scholarship is awarded to business Huskies with demonstrated leadership and entrepreneurial skills. The award may be renewed, provided the recipient maintains a 2.5 minimum GPA.

“The Ross Roeder Endowed Scholarship eased the financial burden of achieving my dreams.”
Hillary Prout (accounting), Roeder Scholarship Recipient

Although Roeder graduated from larger institutions, he maintained close ties with Michigan Tech throughout his career. Dean Johnson, dean of the COB, said the College held a special place in his heart. “He and Mary Anne quietly supported COB students with scholarships,” says Johnson.

While Roeder sadly passed away in 2021, his wife Mary Anne continues the couple’s shared mission. Her recent major gift has increased the funding level of the scholarship.

Mary Anne Roeder with her late husband, Ross. — Mary Anne Roeder with her late husband, Ross

“We were both passionate about education, and we both had the opportunity to get a good education,” says Mary Anne. “It’s important to help support talented Michigan Tech students that tomorrow needs.”

“The Roeders’ legacy of supporting Michigan Tech students inspires me to engage in all that Tech has to offer.”
Nathan Sodini (engineering management and finance), Roeder Scholarship Recipient

Questions related to the Ross Roeder Endowed Scholarship may be directed to business@mtu.edu.

About the College of Business

2022 Beta Gamma Sigma Honor Society Inductees

Published May 5, 2022

By Shannon Rinkinen

Group photo of Beta Gamma Sigma Honor Society Inductees — 2022 Michigan Tech College of Business Beta Gamma Sigma Honor Society Inductees

The Michigan Tech College of Business (COB) inducted 21 Huskies into the Beta Gamma Sigma (BGS) honor society on April 4. Founded in 1913, BGS is the international honor society recognizing business excellence. The top 10% percent of undergraduates and the top 20% of master’s students receive the accolade; it’s the highest recognition a business student anywhere in the world can receive at institutions accredited by the Association to Advance Collegiate Schools of Business.

View additional photos of the induction ceremony in COB’s Facebook album.

Congratulations to our newest members of the Michigan Tech chapter of Beta Gamma Sigma:

Chris Arbuckle	Management Information Systems	Lake Orion, MI	Senior
Brendon Cook	Management Information Systems	Hancock, MI	Senior
Ezra Cotter	TechMBA®	Houghton, MI	Graduate student
Jay Czerniak	TechMBA®	Medford, WI	Graduate student
Joseph Gherardi	Accounting	Plainwell, MI	Senior
Josh Golimbieski	Master’s in Engineering Management	Houghton, MI	Graduate student
Anthony Harris	TechMBA®	South Range, MI	Graduate student
Vitor Jordao	Engineering Management	Recife, Brazil	Senior
Michael Karow	TechMBA®	Green Bay, WI	Graduate student
Cedric Keller	Management Information Systems	Gonten, Switzerland	Junior
Emily Kughn	Marketing	Horton, MI	Senior
Benjamin Leinonen	Management	Atlantic Mine, MI	Junior
John Paul Moody	Accounting	Houghton, MI	Junior
Hillary Prout	Accounting	Rosebush, MI	Junior
Henriette Semb	Engineering Management	Asker, Norway	Junior
Jacob Stadwick	Accounting	Auburn Hills, MI	Senior
Ivy Stoller	Accounting	Lowell, MI	Junior
Mehdi Torbat Esfahani	Master’s in Engineering Management	Houghton, MI	Graduate student
Erin Vandenbusch	TechMBA®	Green Bay, WI	Graduate student
Jaxon Verhoff	Marketing	Menasha, WI	Junior
Adam Witkowski	Economics	Victor, NY	Junior

About the College of Business

The Michigan Tech College of Business offers undergraduate majors in accounting, construction management, economics, engineering management, finance, management, management information systems, and marketing, as well as a general business option. Graduate degrees include the TechMBA®, a Master of Engineering Management, a Master of Science in Accounting, and a Master of Science in Applied Natural Resource Economics.

Business Huskies Win at CMU’s 10th Annual New Venture Challenge

Published May 3, 2022

By Shannon Rinkinen

Bayle Golden holding check with other individuals at New Venture Challenge Competition — Michigan Tech teams brought home $21K in prizes for their innovative ideas.

Central Michigan University (CMU) and Michigan Tech have collaborated for a decade to offer Michigan Tech students a chance to compete in CMU’s New Venture Challenge (NVC). This showcase event provides an opportunity for students at both universities to present their businesses and network with prospective investors, mentors and partners. Student participants compete for a total of $60,000 in prizes and in-kind services.

On April 22, four Michigan Tech teams—three from the College of Business—pitched their ideas and businesses in person on CMU’s campus in Mount Pleasant. Students had an opportunity to compete in either the two-minute pitch competition or the seven-minute business model competition, as well as a gallery competition where teams had tables with individual displays and took questions from attendees.

New Venture Challenge winners from the College of Business are as follows:

Two-Minute Pitch Competition

Jakob Christiansen at the New Venture Challenge Competition — Michigan Tech construction management student Jakob Christiansen delivers his two-minute pitch for his new supply chain e-commerce platform, ProBoard.

Jakob Christiansen (construction management) won first place and received $4,000. Christiansen pitched “ProBoard,” an e-commerce platform to solve issues in the construction material supply chain.

Seven-Minute Pitch Competition

Bayle Golden (master’s in engineering management) won first place in the Social Mission category and received $10,000. Golden pitched “SafeRow,” an innovative wearable device designed to keep children safe when every second counts.
Jordan Craven (management information systems) won third place in the High Tech High Growth category and received $2,000. Craven pitched “Tall and Small Designs,” a technology company that provides software to online clothing retailers

“Your ideas have the potential to change the world.”
Lisa Casper, Michigan Tech Husky Innovate Program Manager

In preparing for the New Venture Challenge, Michigan Tech students participated in Husky Innovate workshops and review sessions. They also benefited from resources and expertise available within MTEC SmartZone, the local state-funded technology business incubator, and the Upper Peninsula Regional Small Business Development Center, which is hosted by Michigan Tech’s Office of Innovation and Commercialization in collaboration with the College of Business. Student mentors and sponsors include Pavlis Honors College, Office of Innovation and Commercialization, College of Business, College of Engineering, Biomedical Engineering, and Civil Engineering.

Golden, winner in the Social Mission category, has formed a Limited Liability Company (LLC) with her earnings, and will
begin production to segue into a full launch. In addition, on Thursday, May 12, as part of Northern Michigan Startup Week in Traverse City, the Michigan Tech graduate student will pitch to compete for a cash prize and startup resources amongst student-entrepreneurs from five other Michigan universities during the University Idea Showcase, hosted by TCNewTech in partnership with the Michigan Tech College of Business. Alumnus and local business owner, David McBride ‘82, will serve as a judge of the showcase.

“I am so thankful for the mentorship and support I have received from Michigan Tech for this venture. I look forward to being yet another success story from Tech!”
Bayle Golden, Michigan Tech Master’s in Engineering Management Student

Michigan Tech management information systems student Jordan Craven pitched “Tall and Small Designs,” a new kind of software for retailers who sell clothes online

About the College of Business

Finance Club Inaugural Investment Competition Concludes, Mattila Takes First

Published April 30, 2022

By Shannon Rinkinen

During spring semester, the Michigan Tech Finance Club hosted a 10-week stock competition open to all College of Business (COB) majors and minors. Each of the 29 participants received $100,000 in virtual dollars to use on the Investopedia simulator. At the conclusion of trading on April 12, the top three winning portfolios received cash prizes from the COB Dean’s Office.

Madison Mattila, accounting with analytics major

First place $500—Madison Mattila

“I really enjoyed the competition! It was fun to compete against classmates. It also was valuable to spend time watching the market and using the simulator. I’ve been working on a strategy for a while, which I’ve yet to perfect, so I don’t want to spread too much about it right now.”

Second place $300—James Zuzelski

James Zuzelski, economics minor

“This was an amazing experience. It motivated me to try new things. My strategy was to capitalize on medium- to high-risk stocks that were trending due to current and near-future geopolitical factors. Due to the short time frame I went with a high-risk, low-diversity, individual stock portfolio.”

Third place $200—Bill Rautiola

Bill Rautiola, finance major

“I consider myself an experienced trader, having done a fair amount of trading on my own. My strategy for this game was to invest in energy sectors, including oil. I also placed a couple option trades.”

The Finance Club at Michigan Tech, advised by Xin Li and supported by the Undergraduate Student Government and the COB, promotes the interest in and knowledge of the field of finance. Members have access to career development opportunities, guidance from Applied Portfolio Management Program (APMP) members, and resources within the APMP Lab. In addition, club members take annual trips to visit mutual funds, the Federal Reserve, investment firms, and the futures and options exchange market in the Midwest.

Assistant Professor Xin Li — Xin Li, assistant professor of finance

Club President Elisabeth Mattson said plans are in place to hold the competition next year and interested participants can connect with incoming President Kevin Hoefer (kdhoefer@mtu.edu) for more information.

“The Finance Club Stock Competition allowed students across the College of Business to try out new investing strategies in a low-risk environment, while competing with their peers.

The winners had different strategies and were able to share knowledge and skills with participants, many of whom are excited to try again next year.”
Elisabeth Mattson, 2021-22 Michigan Tech Finance Club President

About the College of Business

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