IMSA student entrepreneurs pitched a variety of new business ideas including Cloud Car Platform, Gravity Game Studio and Nanowire Network Sensors to venture capital investors and entrepreneurial leaders during the third annual Power Pitch IMSA TALENT Entrepreneurial Contest.
Student teams and individuals pitched 14 ideas for a business, product or service to potential investors who served as expert panel judges. The panel included: Moises Goldman, president of M and L Acquisitions; IMSA Class of 2000 Graduate Maliha Mustafa, investment banker and entrepreneur; IMSA Class of 1996 Graduate Jacob Plummer, associate with Hyde Park Angels; Lance Pressl, president of the Chicagoland Chamber of Commerce Foundation and Stacy Ratner, founder of Open Books Ltd. and serial entrepreneur.
The winning pitches included:
First place ($3,000) "FluidMotion Water Roller" by Michael Kobiela of Palos Hills and Brent Noesges of West Chicago. It is an affordable 25-gallon water roller that solves the problem of water scarcity in developing countries.
Second place ($2,000) "Gravity Game Studio" by Kevin Wang of Vernon Hills. The Gravity Game Studio is software for creating video games and applications with no programming required.
Third place ($1,000) "Ventures to Vultures" by Kevin Baker of DeKalb. IT is an entrepreneurial card game that exercises creativity and quick thinking.
For a complete list of 2011 participants, click here.
In the competition, students were evaluated on a number of criteria including the product and business model (usefulness/appeal, ability to produce and sell the product, etc.), evidence of research (market value, market size, financial projections, etc.) and presentation.
The TALENT 2.0 program focuses on student entrepreneurship in the context of science, technology, engineering and mathematics (STEM) and provides on-campus, off-campus and virtual learning experiences to stimulate and encourage entrepreneurial projects by IMSA students and others throughout Illinois.
To learn more about the IMSA TALENT program and Power Pitch contest visit: https://www.imsa.edu/academics/talent. The project is made possible, in part, by the Cherry Family Foundation.
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