Twelve semifinalists have been named in The University of Toledo\u2019s inaugural Innovation Enterprises Challenge Business Plan Competition. <\/p>\n
\u201cThis competition was open to all UT faculty, staff and students, with a goal of encouraging a spirit of entrepreneurship within the University,\u201d said Dr. Sonny Ariss, professor and chair of the Management Department in the UT College of Business and Innovation. \u201cWe did not know what to expect in terms of participation in the first year of this competition, but we are quite excited to have received a total of 49 entries from individuals within several colleges.\u201d<\/p>\n
Ariss added, \u201cThe UT community should be proud to have so many talented, enthusiastic, emerging entrepreneurs among us, people who are pursuing their dreams by trying to establish their own business.\u201d <\/p>\n
The 12 semifinalists soon will make oral presentations on their projects before a panel of community judges. The winners will be announced Thursday, Dec. 2, with eight winners receiving cash prizes ranging from $500 to $10,000.<\/p>\n
UT Innovation Enterprises is providing prize money, and the UT College of Business and Innovation is conducting the business plan competition and offering assistance with business functions such as accounting and marketing.<\/p>\n
Rick Stansley, chairman of Innovation Enterprises, said, \u201cThis competition reflects UT\u2019s belief in innovative thinking and is intended to advance a creative culture of growth in all areas of the University.\u201d<\/p>\n
The 12 semifinalists are: <\/p>\n
\u2022 Conservation Consulting \u2014 The company provides energy consulting services to intermediate-sized users on how to reduce their energy costs. <\/p>\n
\u2022 Dynamic and Smart Systems Laboratory \u2014 The purpose of this device is to improve upon current spinal fusion procedures by making them less invasive and decreasing the patient recovery time.<\/p>\n
\u2022 Elarya Pharmaceuticals LLC \u2014 This product is a haemostatic agent designed to tame bleeding as a clot-protecting agent or to target angiogenisis in cancer.<\/p>\n
\u2022 HbA1c Monitor \u2014 This would be the first fiber-optics-based commercial HbA1c sensor. It is an optical biosensor for accurate real-time monitoring of blood glycated proteins for clinical and home use by people with diabetes, providing for glycemic control.<\/p>\n
\u2022 Regentiss LLC \u2014 This business develops advanced technologies for the treatment and regeneration of both hard and soft craniomaxillofacial tissues (such as bone and cartilage).<\/p>\n
\u2022 Resonance Group \u2014 This product is an energy control system that integrates the new RG controller with state-of-the-art pulse motors and power management technologies for improved performance of electric motor-driven products.<\/p>\n
\u2022 Saltron \u2014 This product is a hand-held device that will measure the dilation of the female cervix in order to monitor the progression of labor accurately and comfortably. <\/p>\n
\u2022 Smart Orthosis \u2014 The creation of a hybrid-active ankle foot orthosis to treat patients with drop foot condition. <\/p>\n
\u2022 Solar Engineering Solution \u2014 The company will deliver new technologies that serve the heating and cooling needs of buildings. These technologies are based on new solar innovations.<\/p>\n
\u2022 Team ShrivIt \u2014 This is an Internet-based review site to share one\u2019s experiences with others by creating and posting short videos and blogs of people\u2019s experiences and feelings about a place, product, service or event.<\/p>\n
\u2022 Three Sisters\u2019 Bakery \u2014 Their products consist of naturally sweetened, no sugar-added baked goods.<\/p>\n
\u2022 WhatsUpDirectory.com \u2014 This is a national events directory providing users with a geographically filtered and categorized view of events.<\/p>\n","protected":false},"excerpt":{"rendered":"
Check out the semifinalists for UT’s first Innovation Enterprises Challenge Business Plan Competition. Winners will be announced Thursday, Dec. 2.<\/p>\n","protected":false},"author":29,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1,7],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/posts\/8838"}],"collection":[{"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/users\/29"}],"replies":[{"embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/comments?post=8838"}],"version-history":[{"count":0,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/posts\/8838\/revisions"}],"wp:attachment":[{"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/media?parent=8838"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/categories?post=8838"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/tags?post=8838"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}