MEDIA CONTACT: Lisa Freed
FAU Awards $75,000 in Cash and
Prizes at 2010 Business Plan Competition
BOCA RATON, FL (May 6, 2010) – Florida Atlantic University’s Adams Center for Entrepreneurship and the College of Business recently hosted the 2010 FAU Business Plan Competition, in which FAU students, alumni and members of the business community competed for a share of more than $75,000 in cash and prizes.
“The level of competition was exceptional this year, and the participants were well prepared,” said Anthony Barbar, member of FAU Board of Trustee, and founder and CEO of Barbar & Associates LLC. “The 16 final round teams were so enthusiastic about their ventures. It was impressive how they were mentored by faculty and the business community to be able to articulate their businesses at such a high level. ”
The 2010 FAU Business Plan Competition provided an opportunity for participants to compete and test their business ideas. More than 133 teams registered for the competition, compared to 64 teams from last year, and 16 advanced to the final round events. More than 242 guests attended the event in which each team presented a 90-second elevator pitch, and attendees also voted for their favorite idea, awarding the team with the most votes the first annual People’s Choice Award, as well as a 60-day public relations campaign from RedLetter Group LLC.
The following teams in the 2010 competition took home a total of $75,000 in cash and prizes:
Track One - First place, SlicketTicket, whocreated a website which will display sellers with their inventory of tickets, as well as buyers with the price they are willing to pay for the ticket; second place, Psygineering; and third place, Laptop Detector. Track Two – First place, Off the Quad, who created a daily e-mail that delivers unique lifestyle content to college students, specifically about their campus; second place, Microglo; third place, P’avana Organics. The first annual Tech Award went to team Psygineering, who designed a brain-machine interface platform, known as PsyBox, which will integrate existing neural sensors with a multitude of applications within multiple target markets to eliminate the need for physical movement to control a wheelchair. The first annual People’s Choice Award went to team Vruum, who creatred Vroom9000, a revolutionary product that will change the way people live and clean by combining mopping, scrubbing and vacuuming into one device that is capable of performing all three tasks simultaneously.
Jane Teague, executive director of the Enterprise Development Corporation of South Florida, delivered Friday’s keynote address. In addition, FAU Interim President John Pritchett, Dr. J. Dennis Coates, dean of the College of Business, as well as Scott Adams, presided over the 2010 awards ceremony. Other attendees included David Bates, Scott Ellington, Bruce Rector, Tony Altmann, Arnold Cohen, Andrew Duffell, Steven Sponder, Cory Nass, Nord Brue, Michael Gordon, Jack Karabees, Mark Patten, Ron Rosenzweig, Bob White and CJ Wilson.
Community partnerships enable the Adams Center for Entrepreneurship to continue its support for entrepreneurial programs and early stage companies. Sponsors for the 2010 competition include The Research Parks at FAU, operated by the Florida Atlantic Research and Development Authority; Gunster, Yoakley, Valdes-Fauli & Stewart, P.A.; Bert Williams, executive marketing consultant; Business Growth Advisors; e-Council Inc.com and New Management Solutions, Inc.; Gold Coast Venture Capital Association; Intelligent Office; Northwestern Mutual Financial Network – The Striano Group; Nvestcom; The Rector Group; RedLetter Group LLC; Judith Teller Kaye; Crossbow Ventures; Daszkal Bolton LLP; Enterprise Development Corporation; Merit Mile; Ribotksy, Levine & Company CPAs; New World Angels; Southpoint Energy; Student Housing Off Campus; and the Paragon Foundation of Palm Beach County.
For more information, contact Kimberly Gramm at 561-297-3628 or visit www.faubpc.com
- FAU –
About Florida Atlantic University:
Florida Atlantic University opened its doors in 1964 as the fifth public university in Florida. Today, the University serves more than 28,000 undergraduate and graduate students on seven campuses and sites. Building on its rich tradition as a teaching university, with a world-class faculty, FAU hosts 10 colleges: College of Architecture, Urban & Public Affairs, Dorothy F. Schmidt College of Arts & Letters, the Charles E. Schmidt College of Biomedical Science, the College of Business, the College of Education, the College of Engineering & Computer Science, the Harriet L. Wilkes Honors College, the Graduate College, the Christine E. Lynn College of Nursing and the Charles E. Schmidt College of Science. For more information, visit www.fau.edu .