Finalists announced in ninth annual UNC Monfort College of Business Entrepreneurial Challenge
Five finalists have been selected to compete in the finals of the ninth annual Monfort College of Business Entrepreneurial Challenge at the University of Northern Colorado. A panel of experts with diverse backgrounds and skills evaluated the competitor’s business plans and presentations. The judges identified the finalists based on their preparation and potential for success. In addition to receiving feedback from the judges on critical elements for entrepreneur success, competitors compete for a portion of $50,000 in prize money. All five companies will present their business plans to a panel of judges at the University Center on the University of Northern Colorado campus on March 27.
The competition was open to Colorado-based start-up ventures or businesses that have begun business development, market research and product development.
“Our judges were incredibly impressed with the semi-finalists this year. The five finalists have all presented business models that could ultimately change the face of their respective industry, or serve a niche that is not yet being met,” said Paul Bobrowski, dean of the Monfort College of Business.
Boogaloo Beds (Denver, boogaloobeds.com)
Boogaloo Beds improves the lives of people with special needs and their families through innovative products, empowering employment and strong communities. Products focus on improving sleep, safety and sensory environments for people with special needs.
Brainitz, LLC (Colorado Springs, www.brainitz.com)
Brainitz is a web-based tool that allows teachers to take recorded lessons and embed questions throughout the video to ensure understanding. Unlike traditional videos, Brainitz checks for understanding throughout the video and reteaches the student as needed.
Give and Go (Boulder, www.giveandgofilm.com)
Give and Go is a video editing tool that helps sports coaches win more games through automated video editing. This is a software solution that affordably revolutionizes not only sports analytics, coaching and performance, but also how fans view the game.
ParkIt LLC (Fort Collins, www.parkit.market)
ParkIt is an online platform that connects university students and staff to nearby homes and businesses with empty parking spaces and driveways. The business automates and simplifies a process that is currently informal and inefficient.
Snow Shed Wax Company (Carbondale, www.snowshedwax.com)
Snow Shed Wax Co. makes a water-based, anti-stick spray that is used to reduce snow and ice buildup on topsheets, climbing skins, and bindings. Snow Shed is also readily biodegradable and is considered non-hazardous to the environment, according to OSHA's Hazard Communication Standard.
The first-place winner will receive $25,000, second place $13,000, third place $7,000, and fourth and fifth places will receive $2,500 each. In addition to the prize money, winners will receive business incubator services from UNC BizHub, the business incubator at UNC.
About the eChallenge
The eChallenge provides entrepreneurs the opportunity to receive coaching, advice and recommendations that will help them launch their business ideas. The event has been updated to focus on the new knowledge and skills necessary for success in the increasingly competitive and rapidly changing business environment.
“The 2018 eChallenge has been updated following the new strategic initiatives developed by the Monfort College of Business under the leadership of Dean Paul Bobrowski,” said Dr. Dallas Everhart, Monfort Executive Professor and director and for the eChallenge. “The program demonstrates the importance and value for entrepreneurs to partner with the Monfort College of Business.”