![\"Dr.](\"http:\/\/news.utoledo.edu\/wp-content\/uploads\/2010\/12\/business-competition-phot-by-chris.jpg\" "\\"business-competition-phot-by-chris\\"")
<\/a>Dr. Sonny Ariss, center, posed for a photo with Dr. Mohammad Elahinia, associate professor of mechanical, industrial and manufacturing engineering, left, who was an adviser for UT student Minal Bhadane, who won first place in the UT Innovation Enterprises Challenge Business Plan Competition but couldn\u2019t attend the award ceremony, and Dr. Sarit Bhaduri, professor of mechanical, industrial and manufacturing engineering, and surgery, who took second place.<\/p><\/div>Announced in April, the competition drew 49 entries by the September deadline. Twelve semifinalists were named in October.<\/p>\n
\u201cThe University of Toledo is proud to recognize the technologically innovative ideas and solid business plans represented in these 12 proposals,\u201d UT President Lloyd Jacobs said. \u201cAs a relevant university, UT understands the role we must play in advancing the global knowledge economy. This competition is a critical step in developing an innovation system that includes all the business tools and infrastructure involved in the successful application of new knowledge to create new products and services.\u201d<\/p>\n
The President\u2019s Office provided the prize money for the first Innovation Enterprises Challenge Business Plan Competition.<\/p>\n
\u201cRewarding innovative thinking and solid business plans developed by our own faculty, staff and students through this competition is one way UT can directly impact the creation of new jobs in this region,\u201d Jacobs said.<\/p>\n
\u201cWe are all very pleased at the volume of proposals submitted during this inaugural contest,\u201d said Richard Stansley Jr., chairman of Innovation Enterprises. \u201cThese diverse and technologically oriented business plans clearly demonstrate innovative thinking within the UT campus. We trust it will continue to advance a creative culture of growth in all areas of the University.\u201d <\/p>\n
\u201cWe believe these business plans represent a solid foundation on which these entrepreneurs can build successful businesses,\u201d said Dr. Sonny Ariss, professor and chair of the Management Department. \u201cThe College of Business and Innovation stands ready to offer guidance to help these teams emerge beyond the University into the community. We want to see these ideas and business plans effectively implemented, creating jobs and enhancing the economic growth of the region.\u201d<\/p>\n
The winning proposals, the entrants\u2019 names and a brief description of the winning entries are:<\/p>\n
\u2022 First place, $10,000 prize: Smart Orthosis by UT student Minal Bhadane. The creation of a \u201chybrid active ankle foot orthosis\u201d will be used to treat patients with drop foot condition.<\/p>\n
\u2022 Second place, $5,000 prize: Regentiss LLC by Dr. Sarit Bhaduri, professor of mechanical, industrial and manufacturing engineering, and surgery. This business will develop advanced technologies for the treatment and regeneration of both hard and soft craniomaxillofacial tissues, including bone and cartilage.<\/p>\n
\u2022 Third place, $2,500 prize: Three Sisters\u2019 Bakery by UT student Jessica Reese. Their products will consist of naturally sweetened, no-sugar-added baked goods.<\/p>\n
Honorable mention awards, with $500 prizes, were presented to the nine finalists: <\/p>\n
\u2022 Dynamic and Smart Systems Laboratory by UT student Cory Chapman. The purpose of this device is to improve upon spinal fusion procedures by making them less invasive and decreasing the patient recovery time.<\/p>\n
\u2022 HbA1c Monitor by UT student Rui Zheng. 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 for glycemic control.<\/p>\n
\u2022 Saltron Medical by UT student Amanda Szalkowski. 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 Elarya Pharmaceuticals LLC by Dr. Jerzy Jankun, professor of urology. This product is a haemostatic agent designed to tame bleeding as a clot-protecting agent or target angiogenisis in cancer.<\/p>\n
\u2022 Solar Engineering Solution by UT student Ningyuan Li. 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 Conservation Consulting by Dr. Daniel Kory, associate vice president for technology transfer. The company provides energy-consulting services to intermediate-sized users on how to reduce their energy costs.<\/p>\n
\u2022 Resonance Group by UT student Jason Owens. 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 Team ShrivIt by UT student Brett Chany. This is an Internet-based review site allowing the showing of 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 WhatsUpDirectory.com by UT student Josh Weinstein. This is a national events directory to provide users with a geographically filtered and categorized view of events.<\/p>\n","protected":false},"excerpt":{"rendered":"
Creating an orthosis to help patients with drop foot condition. Regenerating bone and cartilage. Baking tasty treats sans sugar. These were the winning proposals selected last week in the inaugural UT Innovation Enterprises Challenge Business Plan Competition.<\/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\/9119"}],"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=9119"}],"version-history":[{"count":0,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/posts\/9119\/revisions"}],"wp:attachment":[{"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/media?parent=9119"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/categories?post=9119"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/news.utoledo.edu\/index.php\/wp-json\/wp\/v2\/tags?post=9119"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}