More than 20 teams competed for the top $30,000 prize in the Central Michigan University's 2014 New Venture Competition.
With business names like Spore Technologies, Tessil Car Atelier and Earthworm Casting Unlimited, 23 student teams competed at Central Michigan University (CMU), pitching start-up business proposals with $75,000 on the line.
The winning business idea was called Un-corked, which was awarded $30,000 in seed money for the best overall venture. However, more details of the business were not made available on the university’s web site at the time of writing. The only description found was a ‘synthetic/real combination cork and business plan’.
The CMU New Venture Competition received recognition in 2013 as the “Best Educational Program of the Year” from Automation Alley.
Led by the CMU College of Business Administration’s Isabella Bank Institute for Entrepreneurship, the New Venture Competition acts as a forum for learning, identifying, nurturing, and showcasing emerging entrepreneurs and their businesses. More than 50 judges made up of CMU alumni entrepreneurs, business and community leaders, angel investors and venture capital experts support the competition.
Picture credit: Niels Noordhoek/Wikipedia
