February 15, 2007
Finalists compete for $75,000 in business-plan competitionWEST LAFAYETTE, Ind. - Finalists have been chosen to compete for $75,000 in prize money on Thursday (Feb. 22) during Purdue University's 20th annual Burton D. Morgan Entrepreneurial Competition.
The 10 finalists will give 20-minute business plan presentations and then field 10 minutes of questions from the panel of professors and venture capitalist judges. The event begins at 8:30 a.m. in the Burton D. Morgan Center for Entrepreneurship in Discovery Park, Room 121.
Finalists will compete in two divisions. The gold division will be open primarily to teams with faculty, staff and graduate students. It also will be open to those outside the university, such as alumni or area business people. The black division will be made up of Purdue undergraduate teams, although these teams may have a faculty adviser. In both divisions, students must do a presentation.
Prizes in the gold division are $30,000 for first place, $8,000 for second place, $6,000 for third place, $2,000 for fourth place and $1,500 for fifth place. In the black division, prizes are $15,000 for first place, $6,000 for second place, $4,000 for third place, $1,500 for fourth place and $1,000 for fifth place.
Ice Miller is providing legal and consulting services for the top three finishers in the gold division: $5,000 for first, $3,000 for second and $2,000 for third.
The presentation times and finalist teams are:
* 8:30-9 a.m. - EcoTrikes Inc.
* 9:05-9:35 a.m. - onCurrent.com
* 9:40-10:10 a.m. - NudeLaptops.com
* 10:10-10:30 a.m. - Break
* 10:30-11 a.m. - Zlin
* 11:05-11:35 a.m. - RAF Project Solutions
* 11:40 a.m. to 12:10 p.m. - M4 Sciences Corp.
* 12:10-12:50 p.m. - Lunch
* 12:55-1:25 p.m. - Vis Viva Energy
* 1:30- 2 p.m. - AlGalCo
* 2:05-2:35 p.m. - TransCell Technologies
* 2:40-3:10 p.m. - MatrixBio, LLC
The panel of judges includes venture capitalists, as well as those from academia, the legal field and business.
"We are growing entrepreneurs at the Burton Morgan competition," said Alan Rebar, interim director of the Burton D. Morgan Center for Entrepreneurship and executive director of Discovery Park. "Winners from the past 20 years show we also are growing jobs and bolstering the Indiana economy."
A reception for all the teams will be at 3:15 p.m., and the awards ceremony will take place at 4 p.m. in the entrepreneurship center, Room 102 of the Burton Morgan center.
Writer: Maggie Morris, (765) 494-2432, firstname.lastname@example.org
Source: Alan Rebar, (765) 496-6625, email@example.com
Purdue News Service: (765) 494-2096; firstname.lastname@example.org
To the News Service home page