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Mtech Announces Finalists for University of Maryland $75K Business Plan Competition
The Maryland Technology Enterprise Institute (Mtech) today announces eight finalists for the University of Maryland $75K Business Plan Competition. Now in its eleventh year, the competition has served as a launch pad for Inc. 500 and additional multi-million-dollar companies.
Finalists were selected among 20 semi-finalists and 71 initial entries in the categories of high-technology/biotechnology and undergraduate students. Entries, submitted as full business plans, were advanced based upon their value proposition, competitive advantage, target market, business model, intellectual property, and clarity.
Finalists will present their companies during the University of Maryland $75K Business Plan Competition finals, held on May 6, to a panel of judges from the regional venture-building community before a live audience at the Stamp Student Union.
Judges in the high-technology/biotechnology category included: Jonathan Aberman, Managing Director, Amplifier Ventures; Joe DelGuercio, Managing Director, CNF Investments; Kiran Hebbar, Partner, Valhalla Partners; Charles Montague, Program Manager, Biotechnology Development Programs, Maryland Biotechnology Center; and Janet Yang, Principal, Novak Biddle Venture Partners.
Judges for the undergraduate category included: David Kirsch, Associate Professor, Robert H. Smith School of Business; Amy Millman, President, Springboard Enterprises; Mark Rothman, Founder and CEO, MYTA; Todd Stave, CEO, Entrepreneur and Salesman; and Sebastian Traeger, Founder, Razoo.
The University of Maryland $75K Business Plan Competition is administered by the Maryland Technology Enterprise Institute (Mtech), an initiative of the A. James Clark School of Engineering. Previous winners include five multi-million dollar ventures, including Squarespace and Lurn, both of which were named to the Inc. 500 list for the second straight year.
The competition encourages students, faculty and researchers at the University of Maryland to leverage their talent and ideas to create tomorrow's leading companies. The competition process, its mentors, partners and cash prizes have helped many students, faculty and researchers build their own companies.
Sponsors of the 2011 competition include Fish & Richardson P.C., the Maryland Biotechnology Center, Nixon Peabody LLP and Warren Citrin.
For more information about the University of Maryland $75K Business Plan Competition, visit www.bpc.umd.edu.
April 6, 2011