Tag Archives: pitch

Congratulations to the Bob Mark Business Model Competition Winners

By Amy Karagiannakis

Pavlis Honors student, Deanna Springgay, presenting her business model for Little Trainer.
Pavlis Honors student, Deanna Springgay, presenting her business model for Little Trainer.

The 2018 Bob Mark Business Model Competition took place Wednesday, December 5 in the Opie Library. The Competition was hosted by the Innovation Center for Entrepreneurship, a collaboration between Pavlis Honors College, School of Business and Economics, and Vice President for Research Office.

Lavanya Ajexh Kumar presenting on her web-based stress management program, AlzWell
Lavanya Ajexh Kumar presenting on her web-based stress management program, AlzWell

There were more than 20 participants that made up 15 teams from various majors and disciplines who pitched to a panel of judges comprised of President Koubek, faculty, and community members. Ideas ranged from hypothermia preventing life jackets to a web-based stress management program. Participants had five minutes to pitch their ideas and present their business model. The judging panel then had time following the presentation to ask questions and provide valuable feedback to our young entrepreneurs.

Pavlis Honors student, Gary Tropp accepts the First Place award from Dean Johnson. Tropp also won the MTEC SmartZone Game Changer award.
Pavlis Honors student, Gary Tropp accepts the First Place award from Dean Johnson. Tropp also won the MTEC SmartZone Game Changer award.

The winners of the 2018 Bob Mark Business Model Competition were:

  • First Place and MTEC SmartZone Game Changer Award – Gary Tropp (Computer Network & System Administration) for VARS (Virtual Advising Registering and Scheduling)
  • Second and Third Place – Tie between Mayank Bagaria (Mechanical Engineering) for Vakya and Karuna Rana (Environmental and Energy Policy) for Reality Check
  • Audience Favorite – Nate LaJoie (Finance) and Michael Betz (Management) for Backpack Keg
  • Honorable Mention – Deanna Springgay (Biochemistry and Molecular Biology) for Little Trainer
  • Honorable Mention – Russ Crofton (Mechanical Engineering Technology) for Moonlight Cycles

Congratulations to all of our winners and participants, and thank you to our panel of distinguished judges for donating their time and expertise. The Innovation Center for Entrepreneurship would also like to thank MTEC SmartZone and Arroyo Networks for their support and prize contributions. Photos from the event can be viewed and downloaded here.

Karuna Rana presenting Reality Check, an app to verify product sustainability.
Karuna Rana presenting Reality Check, an app to verify product sustainability. Rana tied for second and third place.

The Bob Mark Competition is part of Husky Innovate, a series of workshops and competitions that guide students through key phases of business development while emphasizing strategies for success. More information on upcoming Spring Husky Innovate events can be found at mtu.edu/husky-innovate.


Bob Mark Business Model Competition is December 5

The Innovation Center for Entrepreneurship is hosting the 2018 Bob Mark Business Model Competition on Wednesday, December 5 from 7-9 p.m. in the Opie Library. Students can apply to compete here.

The 2018 Bob Mark competition includes an idea pitch and a business model description. This event takes place later in the year so that contestants will have had the opportunity to develop their business model through participation in Husky Innovate workshops. Using Lean Launchpad methods and the Business Model Canvas, students will share insights from customer interviews that inform their business model.

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 this 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 – $1000

This 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. The Bob Mark Elevator Pitch Competition and other efforts support his entrepreneurial spirit and that continues to live on in students, faculty, and staff.

Students who participated in the Idea Pitch Competition on October 17 are strongly encouraged to apply to compete in the Bob Mark Business Model Competition. Students should apply by submitting this form no later than midnight on Wednesday, November 21st (before Thanksgiving break). The top 15 applicants will be selected to participate in the Bob Mark Business Model Competition. Students who upload a business model canvas to their application will be given priority consideration. Student guidelines, scoring criteria, and a blank Business Model Canvas can be found at mtu.edu/honors/ice/husky-innovate.

Erica Austin and Kyle Schuhknecht presenting their idea, Mr. Green Tips, an eco-friendly informational application at the Idea Pitch Competition in October.

The 2018 Bob Mark Business Model Competition is part of Husky Innovate, a series of workshops and events that build on each other with the intention of guiding students through key phases of innovation or business development while emphasizing evidence-based strategies for success. Bob Mark Business Model 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.

 


Lear Student Innovation Challenge Now Accepting Applications

Lear is now accepting applications for its 2019 Student Innovation Challenge in Detroit. The competition brings together students from local universities with varied disciplines to compete in teams for cash prizes. The Challenge will kick off with a two-day workshop on February 9 and 10, followed by a two-week incubation period, and ending with a group solution pitch on February 23 to Lear executives and subject matter experts. Winning participants may be offered the opportunity to be a Lear Innovation intern summer 2019.

The competition is designed to teach an innovative mindset and prepare students to create ideas for the future of mobility and vehicle connectivity. Participants will work with innovation coaches and Lear technology development experts to learn how to develop solutions that advance technology and manufacturing. The 2018 Lear Student Innovation Challenge involved increasing vehicle occupant safety. Out of the five Michigan Tech students that competed earlier this year, four took home awards. Tech student, Shawn Badanjek was on the grand prize team and received the coveted summer internship position.

2018 Lear Open Innovation Challenge grand prize winning team: (from left) Michigan Tech student Shawn Badanjek, Janelle Newman, Shivam Bajaj, Nicole Goldi and Adrian Maloy.

Applications must be submitted by November 30 at 7 pm. Keep in mind that this is a very competitive selection process, so applicants may want to include a video or other supplemental materials to bolster their application. Any questions can be directed to the Lear Innovation team at innovate.elevate@lear.com.

 


Idea Pitch Competition Winners

The first annual Husky Innovate Idea Pitch Competition took place Wednesday, October 17, 2018 in Fisher Hall. The Competition was hosted by the Innovation Center for Entrepreneurship, a collaboration between Pavlis Honors College, School of Business and Economics, and Vice President for Research Office.

Cameron Philo accepting First Prize in Idea Pitch Competition

There were more than 30 participants from various majors and disciplines who pitched to a panel of judges comprised of faculty, alumni, and community members. Ideas ranged from a Ride Share application to a Hydrogen Supplemental Fuel Generator. Participants had two minutes to pitch their innovative and disruptive ideas. Alumni from Michigan Tech’s 14 Floors initiative joined the judging panel to offer valuable feedback and expert advice to our young entrepreneurs.

Judging panel made up of faculty, alumni, and community members

The winners of the 2018 Idea Pitch Competition were:

Honorable Mention – Sarah Smyth, Business, for Post-op Bra for Breast Cancer Survivors

Honorable Mention – Christopher Codere and Joshua Hansen, MBA and Software Engineering, for Firearm Detection Technology for Police Officers

Honorable Mention – Marina Brusso and Maxx Fredrickson, Marketing/Management and Management, for Parking Improvement App

Third Place – Mayank Bagaria, Mechanical Engineering, for Wearable Translator

Second Place – Gary Tropp, Computer Network & System Administration, for A Better Way to Schedule Classes

First Place and Audience Favorite – Cameron Philo, Electrical Engineering, Pavlis Honors College, for Life Pro Jackets

From left to right: Mayank Bagaria, Gary Tropp, Cameron Philo, Christopher Codere, and Joshua Hansen. Not all winners are pictured.

Congratulations to all of our winners and participants, and thank you to our panel of distinguished judges for donating their time and expertise. Photos from the event can be viewed and downloaded here.

Erica Austin and Kyle Schuhknecht presenting their idea, Mr. Green Tips, an eco-friendly informational application.

The Idea Pitch Competition is part of Husky Innovate, a series of workshops and competitions that guide students through key phases of business development while emphasizing strategies for success. The next workshop in the series is Business Model Canvas Bootcamp. Identifying your value propositions and customer segments is a key part in developing a winning business model. This is a two-part workshop being held November 14 and 28 and registration is required. More information on upcoming Husky Innovate events can be found at mtu.edu/husky-innovate.


Michigan Tech Students Win $30,000 at CMU New Venture Competition

By Amy Karagiannakis

Five student teams from Michigan Tech recently traveled to Central Michigan University to compete in the New Venture Competition. The seventh annual New Venture Competition took place on Friday, March 24th and was co-sponsored by the Innovation Center for Entrepreneurship (ICE) within the Pavlis Honors College at Michigan Tech. A total of 29 student teams competed: 24 from Central Michigan University, four from Michigan Technological University and one team with members from both universities. Students pitched their businesses to panels of experienced entrepreneurs through three consecutive rounds.

Multi-Dimensional Manufacturing led by Nick Dubeil (Mechanical Engineering) and Morgan Crocker (Scientific and Technical Communication) along with their product, The Metaloid, won Best Overall Venture which comes with $30,000 and a year of mentoring support from Blue Water Angels in Midland.  Dubiel and Crocker were invited to pitch their business for investment to Blue Water Angels at a pitch night the following week as well. Jim Baker, Executive Director of Innovation and Industry Engagement at Michigan Tech, served as Dubiel’s mentor for his participation in the competition. “Nick and Morgan’s success is a great example of the hands-on nature of the Michigan Tech experience and the resourcefulness of students who choose to come here. Their path to winning began when Nick got his hands dirty and built a 3D printer to demonstrate the specific advantages of his ideas over alternatives. They followed their technical validation by leveraging resources within the Pavlis Honors College and the Entrepreneurs Club to develop a compelling, and winning, business model and pitch,” shared Baker.

Photo courtesy of Central Michigan University.
Photo courtesy of Central Michigan University.

The core themes of CMU’s New Venture is the hands-on approach to proving that your product works and providing a business model that demonstrates an understanding of concepts that will attract investors and buyers. Dubiel and Crocker covered both criteria, enabling their win and attracting interested investors in the process. Ron Beebe, principal owner of Euclid Industries and founding member of the Blue Water Angels said, “I think the passion that (Dubiel) has for his product was probably the most significant factor. I invest in people. I think (Dubiel) is very smart, and he’s incredibly passionate about what he’s doing, plus it’s a good product.”

Dubiel developed his own 3D printer when he became frustrated with the inefficiencies of current 3D printing technology. By improving on the nozzle-based material delivery hardware and using temperature-sensing technology, Dubiel says The Metaloid can print eight times faster than conventional 3D printers currently on the market. “I was not expecting to do as well as I did in this (competition),” Dubiel said. “I have a lot of new decisions to make, but it will be fun, because I didn’t anticipate any of this.” He plans to begin selling his product at a price of $3,300.

Dubiel and Crocker participated in Michigan Tech’s National Science Foundation I-Corps Site Program in January. Directed by Mary Raber, Assistant Dean of the Pavlis Honors College, I-Corps is a team-based program structure that was developed through a partnership between the National Science Foundation (NSF) and successful Silicon Valley entrepreneurs. The workshop provides an introduction to the Lean Start-up business development methodology which focuses on getting out of the lab and using the proven tools of Customer Discovery and the Business Model Canvas to evaluate the commercial potential of innovative technologies. Michigan Tech will be holding the next I-Corps Site workshop in August.

This is the 7th year of the New Venture competition and the 6th year of Michigan Tech’s partnership with CMU. Last year, Michigan Tech had two category winners and a pitch competition win totaling $21,500 in prizes. Michigan Tech’s Innovation Center for Entrepreneurship (ICE) within the Pavlis Honors College continues to be an excellent resource for students looking to start their own business or bring new ideas or concepts to the next stage of development. The mission of the Center is to harness the potential of the Michigan Tech campus community to innovate, develop, and implement ideas and inventions by building and maintaining a strong and integrated ecosystem with a cohesive set of entrepreneurial and innovation resources to enable success. Students interested in harnessing their potential to innovate, develop, and implement their ideas and inventions are encouraged to stop in the Pavlis Honors College (M&M 722) to learn more about ICE and all of the resources available to them. A schedule of upcoming student innovator and entrepreneur competitions can be found here.