SYS-CON MEDIA Authors: Roberto Medrano, Dmitriy Stepanov, Gilad Parann-Nissany, Srinivasan Sundara Rajan, Sean Houghton

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
There's Big Data, then there's really Big Data from the Internet of Things. IoT is evolving to include many data possibilities like new types of event, log and network data. The volumes are enormous, generating tens of billions of logs per day, which raise data challenges. Early IoT deployments are relying heavily on both the cloud and managed service providers to navigate these challenges. In her session at Big Data Expo®, Hannah Smalltree, Director at Treasure Data, discussed how IoT, Big D...
The Internet of Things is tied together with a thin strand that is known as time. Coincidentally, at the core of nearly all data analytics is a timestamp. When working with time series data there are a few core principles that everyone should consider, especially across datasets where time is the common boundary. In his session at Internet of @ThingsExpo, Jim Scott, Director of Enterprise Strategy & Architecture at MapR Technologies, discussed single-value, geo-spatial, and log time series dat...
The Internet of Things promises to transform businesses (and lives), but navigating the business and technical path to success can be difficult to understand. In his session at @ThingsExpo, Sean Lorenz, Technical Product Manager for Xively at LogMeIn, demonstrated how to approach creating broadly successful connected customer solutions using real world business transformation studies including New England BioLabs and more.
The security devil is always in the details of the attack: the ones you've endured, the ones you prepare yourself to fend off, and the ones that, you fear, will catch you completely unaware and defenseless. The Internet of Things (IoT) is nothing if not an endless proliferation of details. It's the vision of a world in which continuous Internet connectivity and addressability is embedded into a growing range of human artifacts, into the natural world, and even into our smartphones, appliances, a...
Fundamentally, SDN is still mostly about network plumbing. While plumbing may be useful to tinker with, what you can do with your plumbing is far more intriguing. A rigid interpretation of SDN confines it to Layers 2 and 3, and that's reasonable. But SDN opens opportunities for novel constructions in Layers 4 to 7 that solve real operational problems in data centers. "Data center," in fact, might become anachronistic - data is everywhere, constantly on the move, seemingly always overflowing. Net...
The Internet of Things will put IT to its ultimate test by creating infinite new opportunities to digitize products and services, generate and analyze new data to improve customer satisfaction, and discover new ways to gain a competitive advantage across nearly every industry. In order to help corporate business units to capitalize on the rapidly evolving IoT opportunities, IT must stand up to a new set of challenges. In his session at @ThingsExpo, Jeff Kaplan, Managing Director of THINKstrateg...
DevOps Summit 2015 New York, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that it is now accepting Keynote Proposals. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long development cycles that produce software that is obsolete...
WebRTC defines no default signaling protocol, causing fragmentation between WebRTC silos. SIP and XMPP provide possibilities, but come with considerable complexity and are not designed for use in a web environment. In his session at @ThingsExpo, Matthew Hodgson, technical co-founder of the Matrix.org, discussed how Matrix is a new non-profit Open Source Project that defines both a new HTTP-based standard for VoIP & IM signaling and provides reference implementations.
"There is a natural synchronization between the business models, the IoT is there to support ,” explained Brendan O'Brien, Co-founder and Chief Architect of Aria Systems, in this SYS-CON.tv interview at the 15th International Cloud Expo®, held Nov 4–6, 2014, at the Santa Clara Convention Center in Santa Clara, CA.
SYS-CON Events announced today Isomorphic Software, the global leader in high-end, web-based business applications, will exhibit at SYS-CON's DevOps Summit 2015 New York, which will take place on June 9-11, 2015, at the Javits Center in New York City, NY. Isomorphic Software is the global leader in high-end, web-based business applications. We develop, market, and support the SmartClient & Smart GWT HTML5/Ajax platform, combining the productivity and performance of traditional desktop software ...
The definition of IoT is not new, in fact it’s been around for over a decade. What has changed is the public's awareness that the technology we use on a daily basis has caught up on the vision of an always on, always connected world. If you look into the details of what comprises the IoT, you’ll see that it includes everything from cloud computing, Big Data analytics, “Things,” Web communication, applications, network, storage, etc. It is essentially including everything connected online from ha...
The 3rd International Internet of @ThingsExpo, co-located with the 16th International Cloud Expo - to be held June 9-11, 2015, at the Javits Center in New York City, NY - announces that its Call for Papers is now open. The Internet of Things (IoT) is the biggest idea since the creation of the Worldwide Web more than 20 years ago.
Connected devices and the Internet of Things are getting significant momentum in 2014. In his session at Internet of @ThingsExpo, Jim Hunter, Chief Scientist & Technology Evangelist at Greenwave Systems, examined three key elements that together will drive mass adoption of the IoT before the end of 2015. The first element is the recent advent of robust open source protocols (like AllJoyn and WebRTC) that facilitate M2M communication. The second is broad availability of flexible, cost-effective ...
How do APIs and IoT relate? The answer is not as simple as merely adding an API on top of a dumb device, but rather about understanding the architectural patterns for implementing an IoT fabric. There are typically two or three trends: Exposing the device to a management framework Exposing that management framework to a business centric logic Exposing that business layer and data to end users. This last trend is the IoT stack, which involves a new shift in the separation of what stuff happe...
Scott Jenson leads a project called The Physical Web within the Chrome team at Google. Project members are working to take the scalability and openness of the web and use it to talk to the exponentially exploding range of smart devices. Nearly every company today working on the IoT comes up with the same basic solution: use my server and you'll be fine. But if we really believe there will be trillions of these devices, that just can't scale. We need a system that is open a scalable and by using ...