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ENTREPRENEURIAL EDUCATION


2011 ANNUAL REPORT / TECHNOLOGY VENTURE DEVELOPMENT


18


Student business, idea competitions


E


ach year, the University of Utah’s Pierre Lassonde En- trepreneur Center hosts three business and innovation


competitions for university students across the state. The season starts with techTITANS, an idea competition. Then teams advance to Opportunity Quest, a business-summary competition, and to the Utah Entrepreneur Challenge, a full business plan competition that caps off the academic year.


Hundreds of students from colleges across Utah compete in these annual competitions for a chance to win thousands of dollars in prize money and in-kind services, such as legal assistance to secure a patent or trademark. More importantly, students learn essential business skills by developing and pitching their ideas.


U students Garth Koyle and Seth Shoultes won the grand prize and $40,000 at the Utah Entrepreneur Challenge for a business called Event Espresso. They created a software plug-in for WordPress, a popular blogging platform, that allows website owners to turn their website into an event-management website.


Team Partshed led the way for University of Utah teams in Opportunity Quest, which has branch competitions at 10 campuses across Utah. The top 10 teams win prize money and automatically advance to the final round of the Utah Entrepreneur Challenge. Partshed won the University of Utah Opportunity Quest with an idea to build a website to sell used car parts.


Development program has been the most rewarding and defining experience of my education. It has enabled me to work with leading faculty members looking to com-


‘‘


mercialize sensors, medical devices, visualization software and a host of other technologies. I have learned how to conduct market research, develop financial projections, pitch business ideas to investors, and a variety of other skills. I have met great people and had amazing opportunities.” — David Moulton, Science Instrumentation, MS


University of Utah teams also did well at techTITANS. Team UltraArm won first place and $5,000, with an idea for a bionic arm for ultrasound clinicians. The device relieves strain by helping the clinicians hold up their arms during repetitive motion necessary to do their jobs.


2010-11 UTAH ENTREPRENEUR


CHALLENGE WINNERS Grand Prize – Event Espresso, University of Utah.


Best Written Business Plan – Massox, West- minster College.


Best Presentation – BlueCache, Utah State University.


Best Technology – Monitus Medical, Uni- versity of Utah. Best Speed Pitch – BlueCache, Utah State University.


2010-11 OPPORTUNITY


QUEST TOP 10 Corporate Group Buy, Weber State. Paco’s , Snow College. Little Snoozer, LDS Business College. Walk’ n’ Roll, Dixie State.


The Lassonde New Venture ‘‘ Event Espresso


won $40,000 at the Utah Entrepreneur Challenge.


Cup Ad , Utah Valley University. Massox, Westminster.


Threadbare, Southern Utah University. iMicroInvest, Utah State University. iCuff, Salt Lake Community College. Partshed, University of Utah.


2010 TECHTITANS WINNERS Grand Prize Award – UltraArm, University of Utah.


Global Impact Award – Seed, University of Utah. Humanitarian Award – NeuroRes, Univer- sity of Utah.


“We’d Buy It” Award – UpperCase, Brigham Young University.


Green Titans First Place – Seed, University of Utah.


Green Titans Second Place – Fosters Five a Day, University of Utah.


Green Titans Third Place – Athletic Bam- boo Wear, University of Utah.


Learn more at www.lassonde.utah.edu, www.uec.utah.edu, www.oq.lassonde.utah.edu or www.techtitans.utah.edu.


Working with the


Utah Entrepreneur Competition was one of the greatest experiences of my


undergraduate career.


The real-world situations that I encountered as director of public relations helped me build skills and relationships that I will use for the rest of my life.” — Mitch Boyer, Strategic Communication, BA


‘‘


As an associate in the Lassonde


New Venture Development program, I gained insight and appreciation for the amount of time and energy re- quired to bring a budding technology to fruition. Working alongside brilliant faculty and other dedicated graduate students, I plied the skills I learned while a student at the University of Utah. This once-in-a-lifetime opportu- nity uniquely complemented my MBA education.” — Spencer Walker, MBA


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