News Feed Item

Semifinalists To Compete For $115K National Business Competition Chaired By Under Armour Founder And CEO

COLLEGE PARK, Md., Feb. 14, 2014 /PRNewswire-USNewswire/ -- Fourteen student startups were selected from nearly 150 nationwide entries to advance to the semifinal round in the 2014 Cupid's Cup Business Competition, presented by Under Armour founder and CEO Kevin Plank and the University of Maryland's Robert H. Smith School of Business. The entrepreneurs will present on February 20 at Under Armour's global headquarters in Baltimore, MD. The top five startups will compete for $115,000 in the final round to be held April 4 at the University of Maryland in College Park.

Semifinalists will travel from across the country to spend the day pitching their businesses and interviewing with the investors, entrepreneurship experts and Under Armour executives who will serve as judges. Plank and the judges will narrow the applicant pool to five finalists who will compete for a transformative prize package including $115,000 in total cash prizes ($75,000 for the grand prize winner), coaching from a team of successful entrepreneurs, in-kind services from leading edge companies, and the prestigious Cupid's Cup. Plank will also grant the 2014 grand-prize winner exclusive access to a member of his professional network.

The 14 semifinalists represent 11 universities across the nation and a broad range of industries. They are:

  • BaseTrace (Duke University) – a DNA-based fluid barcoding solution for tagging industrial fluids
  • CHAARG [Changing Health, Attitudes, + Actions to Recreate Girls] (Ohio State University) –  an organization aimed at igniting a passion in college-aged women for health and fitness
  • College Student Apartments (Texas Tech University) – a service to change how college students find apartments and list subleases
  • Compology (University of Maryland) –  a system that tracks what's in dumpsters to know when to pick it up and how much it's worth to increase hauler's margins by 50 percent
  • CrowdTunes (Duke University) –  a music marketplace powered from patrons' phones offering a free, turnkey music solution to bars
  • Disease Diagnostic Group (Massachusetts Institute of Technology– a biotech company that says it can save one million lives with just refrigerator magnets and a laser pointer
  • Encore (Georgetown University) – a company that synthesizes social data in actionable, bite-sized alerts for marketers at leading brands
  • Golden Gear Corp. (Syracuse University) – an equipment provider for professional boxers, mixed martial artists, and muay thai fighters
  • Imaginex (University of Maryland) – a tech company that develops and provides large interactive media displays for events and brands
  • Kohana (The Johns Hopkins University) – maker of a new type of breast pump, The Gala Pump, that women can discreetly wear
  • Million Dollar Scholar (Morehouse College) – an ed-tech social venture utilizing a web-based platform to educate high school/college students and ex-offenders on how gain scholarships and avoid student debt
  • Rehabtics (The Johns Hopkins University) – a software developer using customized motion-controlled video games for physical rehabilitation
  • SEG (University of Nevada, Las Vegas) – an apparel maker that connects sports fans to the game through sound
  • Wheel Shields (University of Maryland– maker of a longboard skateboarding device that improves safety, keeps riders dry, and lets skaters perform new tricks

Plank and the Dingman Center for Entrepreneurship, part of the Robert H. Smith School of Business, hosts the annual Cupid's Cup as a culmination of the support it provides students to start and grow businesses. The Dingman Center provides students with opportunities to pitch their business ideas, receive feedback from experienced entrepreneurs and access to funding. Cupid's Cup was inspired by a rose delivery business Plank started as a student at the university. As a member of the football team he wasn't permitted to have an outside job, so he turned to entrepreneurship as a way to pursue his business interests. Plank worked with the Dingman Center to create and lead a business competition to foster similar student entrepreneurship.

The competition was open to undergraduate and graduate students enrolled at accredited U.S. colleges and universities or recent alumni of those institutions. Applicants had to prove they are running a legal business entity that has generated at least $5,000 in revenue or provide demonstrated proof of traction.

More information about the competition is available at www.cupidscup.com.

About Kevin Plank
As a special teams captain for the UMD Terrapins football program in 1995, Plank was tired of having to change his sweat-soaked shirts over and over again throughout his two-a-day practices. His frustration led to an inspiration for a better kind of T-shirt—one that could wick sweat and keep athletes cool, dry, and light instead of overheated, drenched, and weighed down. Upon graduating from Maryland in 1996 with a bachelor's degree in business administration, Plank started to turn his idea into a reality and, as a result, began redefining the way athletes dress. After 17 years of outfitting athletes with the world's most innovative performance apparel, footwear, and accessories, Plank now oversees a company with over 7,000 employees worldwide that reached $2.3 Billion in revenues at the end of 2013. True to his vision in 1995, Plank and Under Armour remain committed to empowering athletes everywhere.

About the Dingman Center for Entrepreneurship
The Dingman Center has been at the forefront of entrepreneurship education and practice for more than 25 years. The Center's primary activities include helping students build their ventures, creating experiential learning opportunities and providing regional entrepreneurs with access to capital. Within the region, the Center operates Dingman Center Angels, the area's most active angel investor network with more than 40 members and 30 companies funded since 2005. More information is available at www.rhsmith.umd.edu/dingman.

About the Robert H. Smith School of Business
The Robert H. Smith School of Business is an internationally recognized leader in management education and research. One of 12 colleges and schools at the University of Maryland, College Park, the Smith School offers undergraduate, full-time and part-time MBA, executive MBA, online MBA, MS in business, PhD and executive education programs, as well as outreach services to the corporate community. The school offers its degree, custom and certification programs in learning locations in North America and Asia.

Contact: Carrie Handwerker
[email protected]

SOURCE Robert H. Smith School of Business

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
Cloud based infrastructure deployment is becoming more and more appealing to customers, from Fortune 500 companies to SMEs due to its pay-as-you-go model. Enterprise storage vendors are able to reach out to these customers by integrating in cloud based deployments; this needs adaptability and interoperability of the products confirming to cloud standards such as OpenStack, CloudStack, or Azure. As compared to off the shelf commodity storage, enterprise storages by its reliability, high-availabil...
DevOps is being widely accepted (if not fully adopted) as essential in enterprise IT. But as Enterprise DevOps gains maturity, expands scope, and increases velocity, the need for data-driven decisions across teams becomes more acute. DevOps teams in any modern business must wrangle the ‘digital exhaust’ from the delivery toolchain, "pervasive" and "cognitive" computing, APIs and services, mobile devices and applications, the Internet of Things, and now even blockchain. In this power panel at @...
Qosmos, the market leader for IP traffic classification and network intelligence technology, has announced that it will launch the Launch L7 Viewer at CloudExpo | @ThingsExpo Silicon Valley, being held November 1 – 3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. The L7 Viewer is a traffic analysis tool that provides complete visibility of all network traffic that crosses a virtualized infrastructure, up to Layer 7. It facilitates and accelerates common IT tasks such as VM migra...
The Quantified Economy represents the total global addressable market (TAM) for IoT that, according to a recent IDC report, will grow to an unprecedented $1.3 trillion by 2019. With this the third wave of the Internet-global proliferation of connected devices, appliances and sensors is poised to take off in 2016. In his session at @ThingsExpo, David McLauchlan, CEO and co-founder of Buddy Platform, discussed how the ability to access and analyze the massive volume of streaming data from millio...
In the 21st century, security on the Internet has become one of the most important issues. We hear more and more about cyber-attacks on the websites of large corporations, banks and even small businesses. When online we’re concerned not only for our own safety but also our privacy. We have to know that hackers usually start their preparation by investigating the private information of admins – the habits, interests, visited websites and so on. On the other hand, our own security is in danger bec...
Regulatory requirements exist to promote the controlled sharing of information, while protecting the privacy and/or security of the information. Regulations for each type of information have their own set of rules, policies, and guidelines. Cloud Service Providers (CSP) are faced with increasing demand for services at decreasing prices. Demonstrating and maintaining compliance with regulations is a nontrivial task and doing so against numerous sets of regulatory requirements can be daunting task...
@DevOpsSummit has been named the ‘Top DevOps Influencer' by iTrend. iTrend processes millions of conversations, tweets, interactions, news articles, press releases, blog posts - and extract meaning form them and analyzes mobile and desktop software platforms used to communicate, various metadata (such as geo location), and automation tools. In overall placement, @DevOpsSummit ranked as the number one ‘DevOps Influencer' followed by @CloudExpo at third, and @MicroservicesE at 24th.
Enterprises have been using both Big Data and virtualization for years. Until recently, however, most enterprises have not combined the two. Big Data's demands for higher levels of performance, the ability to control quality-of-service (QoS), and the ability to adhere to SLAs have kept it on bare metal, apart from the modern data center cloud. With recent technology innovations, we've seen the advantages of bare metal erode to such a degree that the enhanced flexibility and reduced costs that cl...
“Media Sponsor” of SYS-CON's 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. CloudBerry Backup is a leading cross-platform cloud backup and disaster recovery solution integrated with major public cloud services, such as Amazon Web Services, Microsoft Azure and Google Cloud Platform.
In the next forty months – just over three years – businesses will undergo extraordinary changes. The exponential growth of digitization and machine learning will see a step function change in how businesses create value, satisfy customers, and outperform their competition. In the next forty months companies will take the actions that will see them get to the next level of the game called Capitalism. Or they won’t – game over. The winners of today and tomorrow think differently, follow different...
According to Forrester Research, every business will become either a digital predator or digital prey by 2020. To avoid demise, organizations must rapidly create new sources of value in their end-to-end customer experiences. True digital predators also must break down information and process silos and extend digital transformation initiatives to empower employees with the digital resources needed to win, serve, and retain customers.
SYS-CON Events announced today that SoftNet Solutions will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. SoftNet Solutions specializes in Enterprise Solutions for Hadoop and Big Data. It offers customers the most open, robust, and value-conscious portfolio of solutions, services, and tools for the shortest route to success with Big Data. The unique differentiator is the ability to architect and ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...
A completely new computing platform is on the horizon. They’re called Microservers by some, ARM Servers by others, and sometimes even ARM-based Servers. No matter what you call them, Microservers will have a huge impact on the data center and on server computing in general. Although few people are familiar with Microservers today, their impact will be felt very soon. This is a new category of computing platform that is available today and is predicted to have triple-digit growth rates for some ...
As the world moves toward more DevOps and Microservices, application deployment to the cloud ought to become a lot simpler. The Microservices architecture, which is the basis of many new age distributed systems such as OpenStack, NetFlix and so on, is at the heart of Cloud Foundry - a complete developer-oriented Platform as a Service (PaaS) that is IaaS agnostic and supports vCloud, OpenStack and AWS. Serverless computing is revolutionizing computing. In his session at 19th Cloud Expo, Raghav...