UK’s Top Student Entrepreneurs Compete at Idea State U
LEXINGTON, Ky. (April 10, 2014) — UK’s top undergraduate and graduate student entrepreneurs will compete for a share of $100,000 against 25 teams from across the state at Idea State U, April 11-12 at the Lexington Convention Center.
“The Idea State U business plan competition demonstrates the tremendous amount of entrepreneurial talent we have all across Kentucky,” said Gov. Steve Beshear. “Many of the innovation-based student ventures will go on to form real companies that contribute real jobs to help our economy grow.” The Cabinet for Economic Development sponsors Idea State U to encourage innovation and entrepreneurship on the college level.
Students from eight Kentucky public universities, the Kentucky Community & Technical College System, and the University of Pikeville will deliver elevator pitches and make formal presentations to a panel of judges who will also provide valuable feedback and advice.
The following teams who were recent winners at the UK Venture Challenge student entrepreneur competition will represent UK at Idea State U.
Shouter – computer science seniors Josiah Hanna, Charlie Effinger and Craig Schmidt. Undergraduate business plan for a mobile application connecting users to the people and events around them while maintaining user privacy and security.
Reinforcer – Bryan Wright, architecture junior.
Undergraduate business concept to increase a home’s tolerance to withstand potentially damaging winds using an affordable internal structural system design.
MosquitoTech – MBA candidates Alex Blasingame, Justin Johnson and Rob Arnold.
Graduate business plan for an environmentally responsible product to control and eliminate the Asian tiger mosquito using UK researcher and medical and veterinary entomology Professor Stephen Dobson’s patented technology.
Arymza Technologies – Satrio Husodo, molecular and cellular biochemistry Ph.D. candidate; and MBA candidates Erica Clark and Miguel Doughlin.
Graduate business concept targets the $15 billion starch market using new enzyme technology developed by UK molecular and cellular biochemistry researchers Matthew Gentry and Craig Vander Kooi that makes it easier to process starch.
Twenty-three UK undergraduate and graduate students participated in the third annual UK Venture Challenge Saturday March 1. The winners shared $3,000 in scholarship prizes from sponsors including the Bluegrass Business Development Partnership, comprised of the Lexington-Fayette Urban County Government, Commerce Lexington, and UK; the Gatton College of Business and Economics; and the College of Communication and Information.
UK Venture Challenge is organized by iNET, the Innovation Network for Entrepreneurial Thinking hosted by the College of Communication and Information, with the Von Allmen Center for Entrepreneurship / Lexington Innovation and Commercialization Center in the Gatton College of Business and Economics, and the Big Blue Starters student entrepreneur organization.
For a schedule of events and additional information, visit www.IdeaStateU.com.
MEDIA CONTACTS: Deb Weis, 859-338-0751, firstname.lastname@example.org; Joe Hall, 502-564-4886; Rick Johnson, KSTC, 859-246-3211