SCE mechanical engineering undergraduate student, Chase Scheibler, was a member of one of six winning teams, TransformaLEDs Technologies. Winning teams received a Launch Package valued at $15,0000. Chase is also the President of SCE’s Engineers without Borders student organization. This story was originally run by the Henry W. Block School.
On Friday, April 30th, The Institute for Entrepreneurship and Innovation at UMKC’s Bloch School announced the winning teams of the 2010 Regnier Family Foundations Venture Creation Challenge. The first phase of the competition took place April 23 at the Kauffman Foundation, where eight finalists were named. The winning teams each earned a Launch Package valued at $15,000 that includes a combination of cash and in-kind services to help them start or continue their venture through the Student Ventures Program (incubator).
The winning teams are: The winning teams were carefully analyzed from the eight finalists and chosen by a select group of judges, including Tom Bloch, co-founder, University Academy; David Brain, CEO, Entertainment Properties Trust; Joe Freeman, COO, Pioneer Services; Pat Macdonald, Port Authority/Ameristar-Isle of Capri Economic Advancement Fund; Stephen Meade, entrepreneur, Big Bamboo LLC; Joe Roetheli, CEO, Lil’ Red Foundation; Judy Roetheli; President, Lil’ Red Foundation; and Brooks Sherman, Executive Vice President and CFO, Inergy.
“I was enormously inspired by the students’ creative ideas, plans, and business knowledge,” notes Tom Bloch, former CEO of H&R Bloch and co-founder of University Academy. ”Each of the teams demonstrated an incredibly broad depth of technical skills and leadership in the creation of their ventures.
The Venture Creation Challenge exists to encourage student venture creation through a forum in which students from all disciplines across campus can present new venture concepts to local investors, entrepreneurs and venture professionals.
Throughout the semester UMKC students develop business plans supporting commercialization of high-growth potential technologies as well as for their own original ventures.
This year, more than 70 investors, entrepreneurs and business leaders from across the Kansas City area volunteered, viewing more than 40 UMKC student business venture creations and helping select the eight finalist presentation teams, marking the largest event to date.
The Institute for Entrepreneurship and Innovation (IEI) is part of the University of Missouri-Kansas City’s Bloch School of Business and Public Administration. The Institute’s mission is to inspire and nurture entrepreneurs and innovators through transformational education and research. The Institute’s vision to be a global leader in creating and disseminating knowledge to advance entrepreneurship and innovation.
(Read the article in the Kansas City Star)