The 2018 Bob Mark Business Model Competition took place December 5 in the Opie Library on the Michigan Tech campus. The Competition was hosted by the Innovation Center for Entrepreneurship, a collaboration between Pavlis Honors College, the School of Business and Economics and the Vice President for Research Office.
There were more than 20 participants making up 15 teams from various majors and disciplines who pitched to a panel of judges.
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.
School of Technology students, Gary Tropp and Russ Crofton, were among the winners of the 2018 Bob Mark Business Model Competition:
- First Place and MTEC SmartZone Game Changer Award – Gary Tropp (Computer Network and 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 Modern Steel Bicycles
Congratulations to all winners and participants.
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