2005 BUSINESS PLAN COMPETITION WINNERS
First Place - Graduate Division:
XGEM
Jing Wang
Katie Kuzior
The XGEM Micro-Generator business is geared toward providing an environmentally
friendly, low maintenance and efficient energy source for remote users, primary
power, emergency power and standby power. The micro-generator technology is
already part of the XGEM business, primarily as part of the hybrid electric
vehicle initiative. The same micro-generators that are used to power these
hybrid vehicles may be spun off for the after-market niches, accommodating
market segments that are hereby dubbed as “no plug customers”, including commercial construction companies, military users, and remote/no-plug areas in U.S. and developing countries.
Received $3,000
Second Place - Graduate Division:
Flow Control Corp
Frank Colarik
Tally Althefery
This business plan is for the acquisition and growth of a local company specializing in valves. The research indicates that the acquisition of the company would represent an excellent business opportunity.
Received $2,000
First Place - Undergraduate Division:
Obstacles Gaming. Inc.
Aaron Hartley
Obstacles LLC. will be one of the first service companies to capitalize off the XBOX and Playstation video gaming. Obstacles will hold prize winning tournaments for XBOX games like Halo, and many of these games will be played with the latest technology projectors which will display huge images. Obstacles will continue to hold more traditional billiard tournaments, as well as, Texas Hold ‘em, euchre, chess, and board game tournaments.
Received $3,000
Second Place - Undergraduate Division:
Libros Etc.
Valerie Pitts
Elisette Lopez
The company will be the first college textbook rental shop that is merged with a café. The company will focus on establishing an alliance with the University of Akron in a location of no more than five miles from the university.
Received $2,000
UA's Student in Free Enterprise (SIFE) Chapter.
UA's Student in Free Enterprise (SIFE) Chapter manning a booth to obtain the
best
new business ideas for the areas surrounding the university from
people attending
the competition.
Keynote speaker James McCready talks about his entrepreneurial
success
in
building a $1.2 billion company.
Patti LIvingstone holds her award, a gift basket of Starbucks coffee,
for suggesting one of the best new business ideas around the university.
The panel of judges at the competition.
Dan Auker, Chair, Fitzgerald Institute for Entrepreneurial Studies
introduces keynote speaker James McCready.
Click here to read articles about the Fourth Annual Business Plan Competition
2003 Winners - 2004 Winners - 2005 Winners
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