The Entrepreneurship Challenge offered Virginia Tech faculty, staff, students, and/or alumni to compete in the Tech Transfer Challenge. Hoping to establish a new venture in Blacksburg using their Virginia Tech-owned technology, the teams competed to win $100,000 worth of mentorship and business support services.
Second, Virginia Tech student teams competed in the Student Business Concept Challenge for $10,000 in scholarships, start-up services, and the opportunity to compete on a world stage next August for the $25,000 VT KnowledgeWorks Global Challenge Award. Additionally, members of the audience selected their favorite team to win the People’s Choice award of $5,000 in scholarships.
Congratulations to the winning teams of the 2014 Entrepreneurship Challenge!
Tech Transfer Challenge Winner: P&P Coating is a Virginia Tech spin-off formed around the patent pending technology platform of low-cost porous coatings completely made of earth-abundant metals. Pictured: Atieh Haghdoost with Robert Walters, Vice President for the Office for Research.
Student Business Concept Challenge Winner: Vestigo is a novel data collection system that takes advantage of inexpensive, high quality laser rangefinders in tandem with a mobile service – to provide a real time map of available parking. Pictured from left to right: Paul Feagan, Joe Acanfora, and Jeff Morris with Robert Sumichrast, Dean of Pamplin College of Business.
People’s Choice Winner: Project OrganiCo is an online marketplace providing an easy, convenient, and reliable way to purchase local products from Farmers Markets and Vendors around your area, and have them delivered directly to your door. Pictured from left to right: Sebastian Walker, Don Choi, Steven Zimmerman, and John Lucas with Robert Sumichrast, Dean of Pamplin College of Business.
Catch up on all the media coverage!
Like us on Facebook to check out more photos from the event!
Watch Fox 21/27 Morning News anchor Tara Wheeler cover the event.
Read The Roanoke Times’ story about the outcome.
Watch event highlights from reporter Katie Love with WSLS.
Congratulations to Marc Junkunc for winning the Kindle Fire in our raffle prize! The prize was generously donated by the Holiday Inn University Blacksburg.
For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at [email protected]
VT KnowledgeWorks wants to thank our generous sponsors of the Entrepreneurship Challenge:
CIT GAP Funds, Virginia Tech College of Agriculture & Life Sciences, Virginia Tech Corporate Research Center, Virginia Tech Office of the Vice President for Research, Virginia Tech Outreach & International Affairs, and Virginia Tech Pamplin College of Business.
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 subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.
VT KnowledgeWorks Sponsors
Allegheny Logistics Group, Automation Creations, Inc., BAE Systems, The Branch Group, Inc., Brown, Edwards & Company, City of Roanoke, Fox 21/27, G.J. Hopkins, Inc., Hodges, Jones & Mabry, P.C., Hutchison Law Group, Interactive Achievement, Inc., Latimer Intellectual Property Law, LLC, Meridium, Montgomery County, Virginia Economic Development Department, NetVentures, New River Valley Intellectual Property Law, Phoenix Packaging Operations, Rackspace, Shentel, SunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union First Market Bank, Virginia Tech Corporate Research Center, Virginia Tech Outreach and International Affairs, VPT, Inc, Wordsprint.