Congratulations to the winners of the University of Miami 2012 Business Plan Competition. Below is the information on the winners provided by the University's School of Business Administration.
New business ventures aimed at improving the delivery of health care took top honors at the University of Miami’s 2012 Business Plan Competition, hosted by the University’s School of Business Administration. The winners, announced after the final round of competition April 13, took home a combined total of more than $35,000 in prize money.
Quinn Worden, a marketing and entrepreneurship major at the School of Business, won the Grand Prize and $10,000 in the undergraduate student category for PT United, a software company that assists physical therapists in delivering better, faster, and more affordable care. In the graduate category, Mark Slaughter and Brett Reed, MBA students, along with Michael Slocombe, won the Grand Prize and $10,000 for their venture, Cohealo, a company that consolidates and mobilizes underutilized medical equipment across hospital systems to help them make more accurate purchasing decisions.
Second Place in the undergraduate category and $5,000 went to Greg Gerla, an economics and history major; Michael Berliner, a mechanical and engineering major; and Brandon Witte, an information technology major, for ThreadTent, an aggregator for online clothing flash sales. Second Place in the graduate category and $5,000 went to MD/MBA students Dominic Maggio, Shiv Desai, and Kevin Kadaki for Ophysio, which has a patent on the perflorocarbon-silicone membrane.
Third Place and $2,500 in the undergraduate category was shared by Jon Kowalsky, a management major at the School of Business, and entrepreneurship majors Sarah Bromley and John Warren. Kowalsky won for Studio 120, an independent music server community with revenues and promotion networks for artists, while Bromley and Warren won for Dryfter, an online home décor retail store with a submission portal for users to share designs and get feedback from the artistic community.
Third place in the graduate category and $2,500 went to MBA student Aaron Newman for EntrepreneurU, an educational business that delivers seminars, creates and sells educational products, and pairs aspiring entrepreneurs with mentors to teach the technical know-how needed to start and operate a venture.
In addition to the top undergraduate and graduate prizes, the Paul K. Sugrue Entrepreneurial Spirit Award and $1,000 was presented to senior Valerie K. Major, an entrepreneurship major at the School. The prize is presented annually to the student who has demonstrated the highest spirit of entrepreneurship.