The eleventh-annual New Venture Challenge out of Central Michigan University’s Isabella Bank Institute for Entrepreneurship brought student innovators to Mount Pleasant, vying for more than $60,000 in prizes and services.
Dean Johnson, dean of the Michigan Tech College of Business (COB), has selected Elham (Ellie) Asgari, assistant professor of management and entrepreneurship, as the featured instructor this week in the Deans’ Teaching Showcase.
Asgari will be recognized at an end-of-term luncheon with other spring showcase members and is a candidate for the next CTL Instructional Award Series.
Asgari is being recognized for innovative in-class teaching methods including a crowdfunding campaign where students gauge interest for their start-ups while simultaneously attracting resources; using customer discovery to help students assess start-up potential; connecting students with MTEC SmartZone mentors; advising students in writing SBIR/STTR proposals to attract funding; and working one-to-one with students preparing them for regional and global investment pitches.
“Dr. Asgari brings the role of Gates Professorship in Entrepreneurship and Innovation to life in and out of the classroom. The above-and-beyond effort mentoring students preparing for dozens of pitch competitions is apparent in the results—students earning top awards and prize dollars,” said Johnson.
“The above-and-beyond effort mentoring students preparing for dozens of pitch competitions is apparent in the results—students earning top awards and prize dollars.”
From e-pitch opportunities to on-campus traditions like the Bob Mark Business Model Competition to Central Michigan University’s New Venture Competition, Asgari’s work supporting entrepreneurially minded students has resulted in renewed motivation among students, helping them make positive impacts in the campus community and around the world.
Asgari offers the Social Impact Award as part of the Bob Mark event, recognizing students’ societal impacts. In addition, a portion of Asgari’s professorship funding is directed toward sponsoring the New Venture Competition awards, bringing goodwill and collaboration to the University.
Mentoring students in I-Corps workshops and guiding them in applying for I-Corps National Science Foundation grants is also a priority for Asgari. The process assesses market potential of new technological developments and has been successfully awarded to an MTU student.
New to campus is the Collegiate Entrepreneurs’ Organization (CEO), a student organization which Asgari serves as an advisor and supports students to attend the CEO Global Conference, where one Husky made it to the top 25 of 600 applicants. In 2022, Asgari also helped launch and execute COB’s Summer Youth Program—”Be Your Own Boss.”
For her impact with hands-on entrepreneurial education at Michigan Tech and beyond, the College of Business is honored to recognize Elham Asgari in the Deans’ Teaching Showcase.
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.
By Jessie Stapleton, Shannon Rinkinen
On Friday, November 11, four Huskies representing three teams pitched their business ideas at Michigan State University during the Michigan Collegiate Startup Challenge (MCSC), competing for more than $12,000 in cash prizes. MCSC is Michigan’s university-level business model competition specifically designed for student entrepreneurs across the state. The second-annual MCSC, sponsored by the Michigan Economic Development Corporation, fosters entrepreneurship by encouraging commercialization of ideas.
Twenty semifinalists representing nine schools pitched their ideas, including the following Michigan Tech teams:
- Jordan Craven (management information systems), Tall and Small Designs
- Anastasia (Asia) Motta (engineering management) and Zane Smalley (software engineering), The Droplet
- Rourke Sylvain (biomedical engineering), Integrated Molecular Innovations
Craven took first place, winning $5,000, for Tall and Small Designs, a retailer software service providing form-fitting mockups of online clothing products for consumers. Sylvain, of Integrated Molecular Innovations, an electrochemical biosensor for at-home detection of T4 thyroid levels, earned fourth place, netting $1,000.
Students spent the first portion of the day pitching their ideas to judges. Ten startups were selected to move to the finalist showcase round.
Hosted by Michigan State, the pitch competition was a collaboration between Central Michigan University, Eastern Michigan University, Ferris State University, Kendall College of Art and Design, Grand Valley State University, Michigan State University, Michigan Technological University, Mid-Michigan College, Northern Michigan University, and Wayne State University.
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.
From an applicant pool of 600 students, Rourke Sylvain, president of Michigan Tech’s chapter of the Collegiate Entrepreneurs’ Organization (CEO), is among the 100 participants selected to compete in the 39th Annual Global Pitch Competition hosted by the University of Tampa. Over the next month, Rourke, who is a graduate student pursuing biomedical engineering, will create a four-phase online investor pitch deck—the problem, the solution, a business model, and a video pitch.
Twenty semifinalists will move on to present their ideas live at the Global Conference in Chicago, Illinois, to be held October 28-30. The highly selective conference and competition promises to “Frame Your Future” with an assembly of some of the brightest minds in collegiate entrepreneurship.
Founded in 1983, CEO has a global network of more than 250 college and university chapters, and supports and inspires the growth and development of students seeking to be entrepreneurial. Michigan Tech’s chapter of CEO was established last year, and the environment in the College of Business (COB) is rich for tech-savvy innovation.
“Rourke’s opportunity is a reflection of the advancements we can make when STEM intersects with business.”
Rourke is advancing Integrated Molecular Innovations LLC, an enterprise centered on his research on electrochemical biosensors. His end goal is to develop a device that can remotely monitor thyroid hormones in patients. According to Rourke’s research, more than 3 million people are diagnosed with hypothyroidism every year. Many lived with symptoms for years pre-diagnosis, and most don’t find a stable medication regimen for another year or more. He says the current testing protocol requires patients to travel to a medical provider’s office or a central clinical laboratory every few months to have blood drawn and tested. Rourke’s device will allow for home testing, resulting in a richer data set for physicians and faster diagnosis and symptom relief.
Rourke’s pitch must include value proposition, customer discovery, product-market fit, investment requirements, and customer pain points. Much of his entrepreneurial training has come through his participation in Husky Innovate, a series of events, workshops, and resources designed to guide students through key phases of innovation and business development.
Earlier this year, Rourke saw significant success when he was selected to pitch during TCNewTech’s University Showcase, part of Michigan Tech’s Grand Traverse region initiative. During Central Michigan University’s New Venture Competition, Rouke and fellow biomedical engineering student Ali Dabas earned second place in the “High-Tech, High-Growth” category, with a prize of $5,000 in seed money.
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.
By Jaylen Body, Michigan Tech management student and DECA club president
After a five-year hiatus, Collegiate DECA has been reactivated on the campus of Michigan Technological University, and members are gearing up to hit the road for their first State Career Development Conference February 4-6.
Collegiate DECA is a program that prepares emerging leaders in the areas of finance, marketing, hospitality, management, and entrepreneurship. It’s for students interested in not just problem solving, but business problem solving. Participants engage in competitive events where they’re faced with business problems reflective of real-life situations in industry, and are challenged to develop innovative solutions before presenting their ideas to industry professionals. In addition to competitions, students can dive into Collegiate DECA challenges, like the Stock Market Game or the Virtual Case Simulation—an interactive, browser-based simulation allowing students to take charge of a virtual business environment.
This month, members of MTU DECA, advised by Jenny Apriesnig, assistant professor of economics, are preparing to attend the State Career Development Conference in Kalamazoo, Michigan, where six Huskies will participate in individual and team competitive events. To kick off preparations, the group invited College of Business accounting and DECA alumna Katie Draves to inspire current members.
Detailing her experiences, Draves credits DECA for being an organization that has “something for everyone,” explaining that no matter the area of study, DECA is an organization anyone can get involved in.
Speaking on the career benefits of being in DECA, she promises students that they’ll learn to be well rounded and prepared for different situations, and will gain exposure to valuable networking opportunities.
When asked for tips and advice on how members participating in the state conference can succeed, Draves says, “Get to know your strengths and weaknesses,” but most importantly, she encourages students to learn from their unique experiences while competing.
“Get to know your strengths and weaknesses.”
Thinking about the upcoming opportunity, first-year marketing student Sammy Perrone says: “I hope to make connections, build relationships, and gain knowledge and skills that will help me build a foundation for my college and career endeavors.”
“I hope to make connections, build relationships, and gain knowledge and skills that will help me build a foundation for my college and career endeavors.”
Michigan Tech Collegiate DECA welcomes new members of all majors. The group is a good fit for students looking to get involved in a professional organization that applies classroom material to real business problems. Follow along on Instagram @mtu_deca.
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.