Finalists of the New Venture Championship Announced

10 04 2009
Applause at the Blue Star Gas Announcement of Finalists for the five finalists announced.

Applause at the Blue Star Gas Announcement of Finalists for the five finalists announced.

The New Venture Championship concluded after a long day of competition during the Semifinal Round. All twenty teams pitched their business plans to panels of judges in hope to advance to the Final Round and the chance to win the $50,000 first place prize.

After their presentation, each team met with judges to receive feedback and gain insight from the elite business professionals who serve as judges for the competition.

We heard at the Blue Star Gas Announcement of Finalists, that the following teams advanced:

Integrated Diagnostics from the University of California Berkeley
Teammates Octavian Florescu, Tanner Nevill, Tayson Siegel, Karl Skucha, and Kevan Wang pitched their idea for an easy and accurate HIV detection test.

Gold Plus from the Thammasat University
Teammates Parujee Chantaharn, Yanin Kasemkosolsri, Nattaya Khuntivongvarn, and Thanawat Malabuppha pitched their idea that reduces the density of gold products to address the challenge of increasing gold prices and decreasing pricing pressures.

Castor & Pollux from Sasin Graduate Institute of Business Administration of Chulalongkorn University
Teammates Tanaphat Laohavisit, Patacharin Pratheeptham, Sorradithep Supachanya and Thanan Suthipongmitri pitched their idea for a diagnostic kit that allows for early and simple testing of leptospirosis, a tropical bacterial disease.

Gyan from Kellog School of Management of Northwestern University
Teammates Esther Choy, Supina Mapon, Pavan Singh, Ramya Singh, and Tiffany Urrechaga pitched their idea for an educational training program for the rural poor in India through an English franchise starter kit.

KT Tape TM from Brigham Young University

Teammates Michelle Quinn and Reed Quinn presented their plan to bring kinesiology tape to the consumer market.

Tayson Siegel of the Integrated Diagnostics Team said, “We’re a little bit surprised, but really happy. The competition is really strong and we’re happy we made it this far.”

His teammate, Karl Skucha added, “We’re glad we could pull it together after yesterday’s feedback.”

Congratulations to the five finalist teams. Tomorrow the Final Round begins where teams will once again have 15 minutes to present and 20 minutes for a Question & Answer session from judges.

Check back tomorrow for updates on the Final Round of NVC. You can also check updates on Twitter.





18th Annual Competition Semifinalists Announced

13 03 2009

Twenty teams were selected out of 160 entries to participate in Portland April 9th-11th. Semifinalist teams represent the true international spirit of the New Venture Championship with universities from across the globe including teams Hong Kong and Thailand.

The Semifinalists are:

Brigham Young University
Clemson University
Cornell University
Chulalongkorn University (Thailand)
Hong Kong University of Science and Technology
Northwestern University
Penn State University
Purdue University
San Diego State University
Thammasat University (Thailand)
University of Arkansas
University of California, Berkeley
University of Louisville
University of Manitoba
University of Michigan
University of Texas at Austin
University of Texas at Dallas
University of Utah
University of Virginia

With more than $70,000 in cash prizes on the line and just under a month to prepare teams will be working hard to prepare for six rounds of competition that include a trade show, a lightning round and a challenging “elevator pitch.”

It will be an exciting, exhausting, fast-paced, action packed three days!