San Diego State University's Entrepreneurial Management Center Announces Venture Challenge 2001 $15,000 Grand Prize Winner

The Golden Phone and Craig P. Dunn Award Winners Also Announced



Apr 16, 2001, 01:00 ET from San Diego State University's Entrepreneurial Management Center

    SAN DIEGO, April 16 /PRNewswire/ -- The winners of San Diego State
 University's Entrepreneurial Management Center's 12th Annual International
 Business Plan Competition, Venture Challenge 2001, were announced Friday,
 April 13th.  M.B.A. students representing 19 universities from around the
 world presented their business plans to a panel of judges.  The $15,000 grand
 prize awarded to the team is used as seed money to launch the students' new
 venture.  Second and third place winners were awarded $3,500 and $1,500
 respectively.
 
     Venture Challenge 2001 Winners:
 
     First Place - University of Wisconsin, Madison
     Imago Scientific Instruments has developed a 3-D "Location Electron Atom
     Probe" (LEAP) microscope that fills a critical need in the high-tech
     marketplace for an accurate, efficient measurement device with
     nano-technological measurement capabilities.
 
     Second Place - Indiana University
     Dimensions Furniture created a business model that unites the seemingly
     disparate objectives of product innovation and low cost in order to
     provide the highest possible value to customers.  Dimensions Furniture
     will market its products solely to the discount retailers, office supply
     superstores, and wholesale clubs.
 
     Third Place - University of Georgia
     ZymeX Pharmaceuticals will commercialize a patent-pending technology for
     the development of lead compounds for protease inhibitor-based drugs.
     ZymeX plans to use its technology to develop new lead compounds for
     diseases such as AIDS, Alzheimer's and cancer.  ZymeX will then license
     these compounds to existing pharmaceutical firms for FDA testing,
     manufacturing and sale.
 
     The Golden Phone Award competition requires the student CEO or lead team
 member to provide a "telephone pitch" to investors and entrepreneurs.  One
 team from each participating track was selected to receive the Golden Phone
 Award based on the ability of the team's representative to convey a focused
 explanation and justification for the business and why it is worthy of an
 investment of private equity.  The winners for the Golden Phone were awarded
 $1,000 and a golden phone trophy that symbolizes their telephone pitching
 success.  The four teams awarded the Golden Phone were:  Case Western Reserve
 University, Tulane University, University of Arizona and the University of
 Manitoba.
     The Craig P. Dunn Award for social innovation in entrepreneurship
 recognizes the business plan that best incorporates the consideration of
 human, societal and/or environmental impacts as a part of their business
 strategy.  Sponsored by Craig P. Dunn, an associate professor at SDSU's
 College of Business Administration, this $1,000 award honors the plan that
 addresses the issue of social justice by providing documented benefit(s) to
 the least-advantaged organizations.  This year's winner is the University of
 North Carolina, Chapel Hill.
     The three-day event (April 10th - 13th) was sponsored by NASDAQ, QUALCOMM,
 Business Ventures, LLC, Ernst & Young, Orincon Technologies, JBM Properties,
 SAIC, Alliance Staffing, The Townsend Agency, KPBS, Gray Cary, ProFinance
 Associates, Cooley Godward, Resmed, Heller Ehrman, Advanced Marketing
 Services, Union Bank of California, Procopio, Cory, Hargreaves & Savitch, Deep
 Sky Software, Aztec Venture Network, Friedman Family Foundation, Fieldstone
 Foundation, and Joe Sullivan.
 
     About Venture Challenge 2001
     Since 1989, San Diego State University's Entrepreneurial Management Center
 has hosted the Annual International Student Business Plan Competition.  An
 exceptional learning opportunity for entrepreneurial students, the competition
 has grown from a modest internal competition to hosting more than 200 teams
 worldwide.  In 1990, the event went statewide, national in 1991 and
 international in 1997 including colleges and universities throughout the
 United States, Canada, Mexico, Australia, Sweden, Thailand, Ecuador, South
 Africa and Russia.
     In addition to the competition, the judging panel meets with each team in
 a spirit of consultation and feedback where teams discuss their business plans
 in a non-competitive format.  This element of the event provides students with
 the opportunity to talk with a panel of experts about how to turn their
 business plans into successful ventures.
 
     About the Entrepreneurial Management Center (EMC) at San Diego State
 University
     SDSU's Entrepreneurial Management Center was created in 1982 to provide
 students, organizations and individuals with education focusing on the
 application of the underlying principles and perspectives of entrepreneurship.
 The EMC's objective is to help people improve their chances of achieving
 success by becoming immersed in all stages of the entrepreneurial process in
 both the classroom and the marketplace.
     In December 1994, the EMC began operating with its own 2,500 square-foot
 facility and staff on the SDSU campus.  Today, the EMC supports the SDSU
 College of Business Administration, which offers full- and part-time programs
 and coursework entrepreneurship at the graduate and undergraduate levels.  The
 resources available at the EMC include an extensive entrepreneurship-related
 library with a 27-volume index of actual business plans, a state-of-the-art
 boardroom and numerous affiliations with local and national entrepreneurial
 organizations.  In addition, EMC programs provide students, faculty and the
 community with opportunities for understanding and implementing concepts of
 entrepreneurship for business creation and growth.
 
 

SOURCE San Diego State University's Entrepreneurial Management Center
    SAN DIEGO, April 16 /PRNewswire/ -- The winners of San Diego State
 University's Entrepreneurial Management Center's 12th Annual International
 Business Plan Competition, Venture Challenge 2001, were announced Friday,
 April 13th.  M.B.A. students representing 19 universities from around the
 world presented their business plans to a panel of judges.  The $15,000 grand
 prize awarded to the team is used as seed money to launch the students' new
 venture.  Second and third place winners were awarded $3,500 and $1,500
 respectively.
 
     Venture Challenge 2001 Winners:
 
     First Place - University of Wisconsin, Madison
     Imago Scientific Instruments has developed a 3-D "Location Electron Atom
     Probe" (LEAP) microscope that fills a critical need in the high-tech
     marketplace for an accurate, efficient measurement device with
     nano-technological measurement capabilities.
 
     Second Place - Indiana University
     Dimensions Furniture created a business model that unites the seemingly
     disparate objectives of product innovation and low cost in order to
     provide the highest possible value to customers.  Dimensions Furniture
     will market its products solely to the discount retailers, office supply
     superstores, and wholesale clubs.
 
     Third Place - University of Georgia
     ZymeX Pharmaceuticals will commercialize a patent-pending technology for
     the development of lead compounds for protease inhibitor-based drugs.
     ZymeX plans to use its technology to develop new lead compounds for
     diseases such as AIDS, Alzheimer's and cancer.  ZymeX will then license
     these compounds to existing pharmaceutical firms for FDA testing,
     manufacturing and sale.
 
     The Golden Phone Award competition requires the student CEO or lead team
 member to provide a "telephone pitch" to investors and entrepreneurs.  One
 team from each participating track was selected to receive the Golden Phone
 Award based on the ability of the team's representative to convey a focused
 explanation and justification for the business and why it is worthy of an
 investment of private equity.  The winners for the Golden Phone were awarded
 $1,000 and a golden phone trophy that symbolizes their telephone pitching
 success.  The four teams awarded the Golden Phone were:  Case Western Reserve
 University, Tulane University, University of Arizona and the University of
 Manitoba.
     The Craig P. Dunn Award for social innovation in entrepreneurship
 recognizes the business plan that best incorporates the consideration of
 human, societal and/or environmental impacts as a part of their business
 strategy.  Sponsored by Craig P. Dunn, an associate professor at SDSU's
 College of Business Administration, this $1,000 award honors the plan that
 addresses the issue of social justice by providing documented benefit(s) to
 the least-advantaged organizations.  This year's winner is the University of
 North Carolina, Chapel Hill.
     The three-day event (April 10th - 13th) was sponsored by NASDAQ, QUALCOMM,
 Business Ventures, LLC, Ernst & Young, Orincon Technologies, JBM Properties,
 SAIC, Alliance Staffing, The Townsend Agency, KPBS, Gray Cary, ProFinance
 Associates, Cooley Godward, Resmed, Heller Ehrman, Advanced Marketing
 Services, Union Bank of California, Procopio, Cory, Hargreaves & Savitch, Deep
 Sky Software, Aztec Venture Network, Friedman Family Foundation, Fieldstone
 Foundation, and Joe Sullivan.
 
     About Venture Challenge 2001
     Since 1989, San Diego State University's Entrepreneurial Management Center
 has hosted the Annual International Student Business Plan Competition.  An
 exceptional learning opportunity for entrepreneurial students, the competition
 has grown from a modest internal competition to hosting more than 200 teams
 worldwide.  In 1990, the event went statewide, national in 1991 and
 international in 1997 including colleges and universities throughout the
 United States, Canada, Mexico, Australia, Sweden, Thailand, Ecuador, South
 Africa and Russia.
     In addition to the competition, the judging panel meets with each team in
 a spirit of consultation and feedback where teams discuss their business plans
 in a non-competitive format.  This element of the event provides students with
 the opportunity to talk with a panel of experts about how to turn their
 business plans into successful ventures.
 
     About the Entrepreneurial Management Center (EMC) at San Diego State
 University
     SDSU's Entrepreneurial Management Center was created in 1982 to provide
 students, organizations and individuals with education focusing on the
 application of the underlying principles and perspectives of entrepreneurship.
 The EMC's objective is to help people improve their chances of achieving
 success by becoming immersed in all stages of the entrepreneurial process in
 both the classroom and the marketplace.
     In December 1994, the EMC began operating with its own 2,500 square-foot
 facility and staff on the SDSU campus.  Today, the EMC supports the SDSU
 College of Business Administration, which offers full- and part-time programs
 and coursework entrepreneurship at the graduate and undergraduate levels.  The
 resources available at the EMC include an extensive entrepreneurship-related
 library with a 27-volume index of actual business plans, a state-of-the-art
 boardroom and numerous affiliations with local and national entrepreneurial
 organizations.  In addition, EMC programs provide students, faculty and the
 community with opportunities for understanding and implementing concepts of
 entrepreneurship for business creation and growth.
 
 SOURCE  San Diego State University's Entrepreneurial Management Center