Student Business Concept Competitions Finalists Announced for Third Annual Entrepreneurship Summit

VT KnowledgeWorks is pleased to announce the finalists in the two Student Business Concept Competitions to be held on April 13, 2011 in conjunction with the Third Annual VT KnowledgeWorks Entrepreneurship Summit at The Inn at Virginia Tech.  The nine finalist student teams will present their business concepts before a panel of angel investors and business leaders, as well as Summit attendees.  Participants in the Student Competition represent colleges and universities throughout the Commonwealth of Virginia and western North Carolina. 

The winning teams in both the Virginia Tech and Regional Student Competitions receive a $5,000 cash prize and workspace provided in the VT Corporate Research Center for summer 2011.  Both first place teams also qualify to compete in the 2011 VT KnowledgeWorks Global Student Challenge for which the team will receive a week-long, expense-paid celebration of student entrepreneurship and may win the $25,000 grand prize.

The finalist student teams from Virginia Tech will present their business concepts at 9:30 a.m. on April 13, including Aerus, Juce Powered Bags, Kiwee Stroller Company, Lujure, and PodShare.  Finalists of the Regional Student Competition will present their business concepts at 1:30 p.m., including Closed Loop Energy, LLC, Dear Career, Kera10, and Masalah.  Here's the full schedule for both days

The competition encourages students to develop their entrepreneurial ideas, enhances their understanding of the requirements for a successful business venture, and showcases the creativity of students in Virginia and western North Carolina.

Another key component of the Entrepreneurship Summit is the Open Angel Forum to be held on April 14.  Four companies have been selected to present, including eBroselow, Nicus Software, ReviewHounds, and Heyo.  They will pitch before a panel of Directors from PAN, CIT Gap, Third Security, and 460 Angels, plus event attendees.  Last year, three out of the five companies that presented were funded within 90 days.

Because of the generous sponsorship of LeClairRyan, CIT, and Hutchison Law Group, the fees for this two-day event including workshops, competitions, luncheon, and seminars are only $30 for April 13 and $50 for April 14. 

Register for the Third Annual VT KnowledgeWorks Entrepreneurship Summit

You're invited to read the announcement of the Summit, read more about the Summit, register for the Summit, learn about the Student Competition, feature your company or organization in the Technology Showcase, find out about the Angel Funding Sessions, view the Summit's sponsors, and see information on  last year's Second Annual VT KnowledgeWorks Entrepreneurship Summit.  You can read the latest news and the history of the VT KnowledgeWorks Entrepreneurship Summit on Inside VT KnowledgeWorks.

Questions? Please contact Christine Pushaw, [email protected]

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VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a self-sustaining not-for-profit subsidiary of the Virginia Tech Foundation, funded through the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual.  Its world headquarters is in the Virginia Tech Corporate Research Center in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Attaain, Inc., BB&T, The Branch Group, Handshake 2.0, Harris Office Furniture, Hodges, Jones & Mabry, P.C., Hutchison Law GroupLeClairRyan, New River Valley Intellectual Property Law, Science Applications International Corporation (SAIC) and The Becher Agency (TBA).

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