 Two teams of Michigan Tech students won more than $20,000 in the annual New Venture Competition held at Central Michigan University recently. Northern Aquaponics won $10,000 in the Best Technology category, and Upland Nanotech won $10,000 for Highest Growth Potential and $500 for second-place pitch. “We had five strong teams competing in a field of 2Y,” said School of Business and Economics Dean Gene Klippel. “All the teams benefited greatly from the experience of presenting their ideas and receiving valuable feedback from the outstanding panel of judges who participated.” First place and $30,000 went to Solar Cycle Lights LLC, a student team from Central Michigan. Upland Nanotech was founded by Thomas Daunais, an electrical engineering major, whose company developed a rapid-sensing technology used for food pathogen detection and drug-level concentration that has the ability to yield results within 20 minutes. “The first thing we’re going to do is going to take the winnings and leverage another $55,000 out of it,” he said. “We’ll use the $65,000 we’ll have to make an E. coli sensor prototype.” He said the competition, attended by many business and industry professionals, helped his group network and convince others to believe in their idea. “We got feedback from the judges that we have an interesting concept, a solid business plan and an overall very intriguing technology,” Daunais said. Northern Aquaponics, specializing in growing plants and raising fish in indoor environments, won the $10,000 award for Best Technology. “I think we have done a lot of work to pinpoint our target market and refine our business model to make it more viable,” said Josh Krugh, an economics major and the company’s cofounder. He also thought the judges at Central gave good feedback, not just to his team, but to all of the teams. “There were so many people there willing and able to help all of us,” Krugh said. “I can’t tell you how many people stopped me throughout the day to give us suggestions and talk about our business. It was definitely a rare opportunity to be in a room full of so many successful businessmen and women.” He said Northern Aquaponics will use their prize money to build partnerships and company business models. Twenty-seven teams from Central Michigan and Michigan Tech competed in the daylong event for awards ranging from $500 to $30,000. Panels of 60 judges representing business leaders and entrepreneurs from throughout Michigan and the region evaluated the team presentations based on several factors, including the quality of the idea, strength of the management team and the business plan. Upland Nanotech and Northern Aquaponics also won second and third place, respectively, at the Fourth Annual Bob Mark Memorial Elevator Pitch Competition on the Michigan Tech campus in November 2012. |
Accounting and Finance students are trained to help you with your taxes!
Tax crunch time is upon us and the Volunteer Income Tax Assistance program is here to help! This program provides FREE income tax preparation assistance at no cost for US students and members of the community who could not otherwise afford the services of a CPA tax professional.
The Volunteer Income Tax Program has been offered on the Michigan Tech’s campus for over 20 years. Tax forms are prepared by accounting and finance students who have complete a semester tax course and a special training seminar. Students volunteer their time and talent for this community service program. Last year over 50 students and community members benefited from this service.
Attend a Session
No appointment is necessary to receive assistance just go to the Academic Office Building, room G010-D the Tidwell Center Conference Room, during one of the session times listed below.
Wednesday: 12 – 4 pm
Tuesday and Thursday: 10 – 2 pm
Bring your W-2′s, form 1099’s, 1098T’s, etc., to one of our sessions. Also bring a copy of last year’s tax return, if possible.
Volunteer sessions will be offered each week from now until, Thursday April 11, 2013.
For more information contact:
Joel Tuoriniemi, jctuorin@mtu.edu, 487-1877 or
Anne Warrington, acwarrin@mtu.edu, 487-1733
Please join the School of Business and Economics and Assistant Professor of Management Andre Laplume for a brown bag lunch presentation on March 20th at noon in Academic Office Building 101. His presentation is titled: “Outstreaming for ambidexterity: How serving internal and external customers can facilitate exploration and exploitation.”
The Upper Peninsula Health Care Network (UPHCN) agreed to match donations received for the student-run Mobile Wellness Systems project, which is converting a 15-passenger van into a mobile health clinic for Ghana. The UPHCN gave their matching donation to the team on Wednesday at an event held in the Rozsa Lobby. Administrators from UPHCN, Aspirus Keweenaw, Baraga County Memorial and Portage Health Systems were in attendance.
Students from Michigan Tech’s Pavlis Institute for Global Technological Leadership, in collaboration with the International Business Ventures (IBV) Enterprise and a School of Technology Senior Design team, have joined forces on the project. In addition to van reconfiguration, students are coordinating with area hospitals to secure donations of working, quality, used medical equipment for incorporation into the van.
The team also accepts monetary donations to purchase other supplies for the project and cover shipping costs associated with transporting the van to Ghana later this spring. Michigan Tech’s Superior Ideas crowd-sourcing website was contacted and helped solicit project funds.
Mobile Wellness Systems seeks to provide diagnostic, preventative and treatment services to Ghanaians who live in villages without easy access to larger medical facilities due to their remote location and who are not serviced by international aid organizations such as Doctors Without Borders. The team’s mission is to equip doctors from larger city hospitals with the tools needed to provide healthcare to these disadvantaged populations living in villages located outside of city centers.
The prototype this year’s students are developing will be used for testing in Ghana this summer by local doctors who will be treating and caring for many people who previously had limited access to adequate healthcare. These doctors will provide invaluable feedback concerning the mobile clinic allowing this sustainable project to expand to more villages in the future.
This story was originally published by Paige Hackney in Tech Today.
Last Thursday evening, Vice President of Trust Investments at Superior National Bank, Chris Gariepy, spoke to a full room of Michigan Tech students as he shared his knowledge on common sense investing. Chris discussed highlights from his career on investing and money management. This event was supported by the Finance Club which promotes interest and knowledge in the field of Finance. The objectives of the Club are to increase interest in finance among Michigan Tech business students by relating the experiences of students, professors and alumni and to provide business students a comprehensive understanding of the finance industry.
Chris also provided valuable insight into what it takes as a new college graduate to start investing. Senior, finance major Walker Derby, said “I really enjoyed hearing from someone local who had pertinent advice for people going into the field as well as for individuals who are looking for a greater grasp on financial knowledge.” Derby also noted that having someone with extensive experience in the financial industry address questions was enlightening, especially for students who are new to the field.
Students in attendance from all School of Business and Economics majors benefited from the event. The information that Chris brought was insightful on real world applications and interactions of finance, management, economics, and accounting concepts.