Welcome!

News Feed Item

University of Miami School of Business Awards $65,000 in Annual Business Plan Competition

CORAL GABLES, Fla., April 4, 2014 /PRNewswire-USNewswire/ -- New ventures including a mobile application for shopping, a data analytics solution for hospitals to reduce heart failure readmissions, and art deco chocolates that represent South Florida's cultural mecca have taken top honors in the University of Miami's 2014 Business Plan Competition, hosted by the university's School of Business Administration. The competition winners, honored in an awards ceremony April 4, took home a combined total of $65,000 in first, second, third and other prizes.

University of Miami School of Business Administration Logo

Jake Elliot, Andrew Rodriguez and Nicholas Sando won the Grand Prize and $10,000 in the undergraduate student category for SnagTag, an application for your smartphone that enhances the retail shopping experience by connecting retailers and consumers in a way never seen before.

In the graduate student category, Matt Varghese, Cristina del Toro, Sabrina Taldone, Joshua Cameron took home the Grand Prize and $10,000 for their venture, Valens, which provides a next generation data analytic solutions that allows hospitals to maximize efficiency in reducing heart failure readmissions while improving patients' lives through better health care delivery systems.

And in the UM alumni category, Lucy Calamari won the Grand Prize and $10,000 for Lucky Lucy's Chocolates, inspired by the colorful flavors and cultures of South Florida.  Her chocolates reflect retro and colorful designs of the city's Art Deco movement.

"This year's young entrepreneurs came to the competition with an extraordinary mix of great business ideas," said Isaias Sudit, CEO and founder of TROVE and one of the Competition judges. "It is clear to this panel of judges how these winners are ready to go beyond the idea stage and truly execute.  They will be exciting to watch and we are happy to send them on their way with some funding."  

Second Place in the undergraduate category and $5,000 went to Paola Campodonico and Austin Zaslow for The Nest, a recovery center that accommodates prenatal and postpartum women, and post-surgical patients and offers 24/7 nannies, breastfeeding support, and other services in order to make recovery faster and easier. Second Place in the graduate category and $5,000 went to Joe Bucciero of AdMoney, a mobile phone application that places ads on the background of  smartphones or tablet lockscreens in exchange for a monthly fee.  Second Place in the alumni category and $5,000 went to Alex Suma of Ibis Power, which offers customized solutions for local renewable energy generation that overcomes all downsides of current technologies.  It is almost ready to enter the U.S. and European markets. 

Third Place in the undergraduate category with $2,500 went to Sultan Saleh Alghamdi for Central Express Laundry, a full-service laundry business in Saudi Arabia. Third Place and $2,500 in the graduate category went to Rodolfo Hernandez for The Quiet American, a sustainable men's luxury-yet-affordable clothing brand made of Alpaca wool; while Third Place and $2,500 in the alumni category went to Thien Van Tran for Leash, an electronic security company that provides both hardware and software solutions to remedy the rise of smartphone theft.

"The judges were blown away by the caliber of ideas presented by the University of Miami entrepreneurs," said Susy Alvarez-Diaz, director of entrepreneurship programs at the UM School of Business.  "They have no doubt we will be hearing more about these companies as we have others that have grown out of our past competitions."

In addition to the undergraduate, graduate and alumni category prizes, the Paul K. Sugrue Entrepreneurial Spirit Award and $2,500 was presented to Sidonia Swarm of On Demand Dietician, a way to streamline access to dieticians for corporate employees. Also, four Heffner Internship Awards of $2,500 each were awarded to Maxim Bjelos, Alex Cantwell, Joey Lopez, and Kenthia Farmer.

The Business Plan Competition started last fall when 42 concept papers were submitted to the judging committee. Ultimately 16 semifinalists were selected to present to the judges April 1-3, with the winners named the following day. The judges included roughly one dozen successful entrepreneurs and venture capitalists from South Florida and Latin America.

Now in its 12th year, the Business Plan Competition is open to all University of Miami students and alumni. Past winners in the competition have gone on to build their ventures into businesses that have garnered national attention. They include such companies as College Hunks Hauling Junk and My Therapy Journal.com, both of which have been featured on ABC Television's "Shark Tank," a reality program in which entrepreneurs share their business ideas with a group of five self-made millionaires in hopes of getting venture capital to help them attain similar levels of success.

SOURCE University of Miami School of Business Administration

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
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Machine Learning helps make complex systems more efficient. By applying advanced Machine Learning techniques such as Cognitive Fingerprinting, wind project operators can utilize these tools to learn from collected data, detect regular patterns, and optimize their own operations. In his session at 18th Cloud Expo, Stuart Gillen, Director of Business Development at SparkCognition, discussed how research has demonstrated the value of Machine Learning in delivering next generation analytics to imp...
With over 720 million Internet users and 40–50% CAGR, the Chinese Cloud Computing market has been booming. When talking about cloud computing, what are the Chinese users of cloud thinking about? What is the most powerful force that can push them to make the buying decision? How to tap into them? In his session at 18th Cloud Expo, Yu Hao, CEO and co-founder of SpeedyCloud, answered these questions and discussed the results of SpeedyCloud’s survey.
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
In today's uber-connected, consumer-centric, cloud-enabled, insights-driven, multi-device, global world, the focus of solutions has shifted from the product that is sold to the person who is buying the product or service. Enterprises have rebranded their business around the consumers of their products. The buyer is the person and the focus is not on the offering. The person is connected through multiple devices, wearables, at home, on the road, and in multiple locations, sometimes simultaneously...
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
Identity is in everything and customers are looking to their providers to ensure the security of their identities, transactions and data. With the increased reliance on cloud-based services, service providers must build security and trust into their offerings, adding value to customers and improving the user experience. Making identity, security and privacy easy for customers provides a unique advantage over the competition.
CenturyLink has announced that application server solutions from GENBAND are now available as part of CenturyLink’s Networx contracts. The General Services Administration (GSA)’s Networx program includes the largest telecommunications contract vehicles ever awarded by the federal government. CenturyLink recently secured an extension through spring 2020 of its offerings available to federal government agencies via GSA’s Networx Universal and Enterprise contracts. GENBAND’s EXPERiUS™ Application...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
"When you think about the data center today, there's constant evolution, The evolution of the data center and the needs of the consumer of technology change, and they change constantly," stated Matt Kalmenson, VP of Sales, Service and Cloud Providers at Veeam Software, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
I wanted to gather all of my Internet of Things (IOT) blogs into a single blog (that I could later use with my University of San Francisco (USF) Big Data “MBA” course). However as I started to pull these blogs together, I realized that my IOT discussion lacked a vision; it lacked an end point towards which an organization could drive their IOT envisioning, proof of value, app dev, data engineering and data science efforts. And I think that the IOT end point is really quite simple…
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.