The Partum Group grabbed two of three possible awards in the 11th annual Aleris New Venture Competition, but all three teams of IMBA students received high marks from the judges.
"All three of these teams are worthy of moving into regional and national competition," said judge Martin McClelland in his summary comments. "Unlike some previous competitions, this year we have some very tough decisions to make."
The business plan competition judges, McClelland, Ed Nasief and Wright Steenrod, awarded The Partum Group first place for its presentation of a new device designed to improve pre-labor hospital care for expectant mothers. The team also took first place in the Trade Show competition, as judged by Paul van der Pol and Susan Weiss.
"The judges provided us some solid insight into what each team can do to improve before moving ahead," said IMBA Director Van Clouse. "The students' hard work really showed, and we're excited about our chances in future competition."
Complete results for the competition follow.
Congratulations Aleris New Venture Competition Winners!
BEST TRADE SHOW EXHIBIT - $500
Group Name: The Partum Group
Students: Katie Dawson, Dr. Divya Cantor, James Mudd
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
BEST ELEVATOR PITCH - $500
Group Name: Health Network Solutions
Students: Sam Castle, Greg Hermann, Adam Rinaldi, Kumar Subramaniam
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
BEST BUSINESS PLAN PRESENTATION - $500
Group Name: ShaBamm
Students: Ashish Deshmukh, Laurie Ray, Todd Skaggs, Tiffany Wright
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
Trade Show and Elevator Pitch winners were each awarded $500 for further business development.
BEST BUSINESS PLAN
FIRST PLACE - $8,000
Group Name: The Partum Group
Students: Katie Dawson, Dr. Divya Cantor, James Mudd
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
SECOND PLACE - $5,000
Group Name: Health Network Solutions
Students: Sam Castle, Greg Hermann, Adam Rinaldi, Kumar Subramaniam
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
THIRD PLACE - $3,000
Group Name: ShaBamm
Students: Ashish Deshmukh, Laurie Ray, Todd Skaggs, Tiffany Wright
Faculty Coach: Van Clouse
Mentor: Suzanne Bergmeister
Each team has a chance to double its award if it agrees to invest its winnings into non-salary operating expenses for further development.
Trade Show and Elevator Pitch Photo Gallery
Business Plan Presentation Photo Gallery
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