Wednesday, April 20, 2011

Congratulations to Event Espresso, Winners of the 2010/2011 Utah Entrepreneur Competition!


Salt Lake City - Apr. 14, 2011 – Garth Koyle and Seth Shoultes left Rice Eccles Stadium Wednesday evening with a $40,000 check after winning the grand prize at the Utah Entrepreneur Challenge Final Awards Banquet.

The Utah Entrepreneur Challenge is a student entrepreneur competition sponsored by Zions Bank and has helped to fund dozens of student business ventures since its inception in 2000. Hundreds of college and university students throughout Utah participate in the competition each year.

The winners of this year’s competition, Koyle and Shoultes, are University of Utah students. The group founded their own business called Event Espresso. The idea behind the business was to create a plug-in for WordPress, a popular blogging software, that allows website owners to turn their website or blog into a fully featured event management website.

“We didn't expect to win, but are very pleased to be recognized with such an award," said Koyle. Both Koyle and Shoultes said that they plan on putting $40,000 of prize money to good use right away.

2011 Winning Teams and Associated Schools

GRAND PRIZE: Event Espresso – University of Utah BEST WRITTEN BUSINESS PLAN: Massox - Westminster College
BEST PRESENTATION: BlueCache - Utah State University
BEST TECHNOLOGY: Monitus Medical – University of Utah BEST SPEED PITCH: BlueCache - Utah State University

The 2010/2011Utah Entrepreneur Challenge team would like to thank everyone who participated in the competition this year and made it so memorable.

Monday, April 11, 2011

UEC 2011 Top Ten - Part 2

Intrasenz – University of Utah

"Intrasenz is developing an implantable micro pressure sensor for use in biomedical applications. Pressure is a clinically important variable in the treatment and management of several chronic disorders, such as glaucoma and hydrocephalus (elevated intracranial pressure), which affect millions of people. Our sensor will provide vital knowledge of internal body pressure that can be used to control drug therapy or provide early warning of a life-threatening pressure build-up, potentially saving thousands of lives each year."


Massox - Westmineter College

"Massox™ is a sock manufacturer that combines therapeutic Asian well-being with classic American style. Massox is initially launching men’s designer dress socks that contain patent pending therapeutic, acupressure massagers on the inside surface of the sock. Scientific evidence suggests that acupressure therapy can help maintain and improve overall health and vitality.

Massox are made of 95% bamboo fiber. Bamboo is a revolutionary new resource that is as strong as steel, yet soft as silk. It is breathable and naturally anti-bacterial. Bamboo is extremely fast growing, and therefore highly renewable. Bamboo can also be grown commercially, without dependence on pesticides or other chemical inputs. Massox uses wisdom from the past and technology from the present to create sustainable socks of the future."


Monitus Medical – University of Utah

"Monitus Medical is a startup company that develops products for the detection of perforations and leaks in the gastrointestinal tract that arise during surgery. Undetected leaks and perforations can be fatal. The frequency of perforation and leaks ranges from 0.8 to 4.3% for anterior cervical spine, colectomy and gastric bypass surgeries in the United States. The cost of one undetected leak is tremendous and can be over $1.3 million in medical treatment and litigation. Our first product, LEAP, is a proprietary medical device that quickly and accurately detects leaks and perforations to address this unmet medical need."

My Sales Assistant – University of Utah

"Founded in 2011 by Jared Durrant, an MBA student at the University of Utah. My Sales Assistant is a dynamic software tool that helps direct sales representatives be more productive. It is a customer relationship management tool built specifically for direct to consumer sales representatives who sell low involvement products and services to homeowners."

Paco's – Snow College

"Paco’s is a unique specialty food vending and catering company that specializes in gourmet quesadillas. Paco’s has taken a food everyone loves and created a revolutionary menu. Paco’s began attending weekend events during the summer of 2009 and 2010. Based on positive responses received at these events, Paco’s will expand by entering the growing segment of gourmet food trucks. After growing the customer base, Paco’s will open a permanent fast casual dining location. This will lead to the sale of both truck and restaurant franchises.

‘The best quesadilla in the world!’"

SensiMat – University of Utah

"SensiMat is an original equipment manufacturer of solid-state Dye Sensitized Solar Cells that offers extended lifetime and lower manufacturing cost to targeted markets of recreational equipment, consumer electronics/medical devices, and building integrated photovoltaic. SensiMat’s patented technology, SensiSolar, increases the lifetime of third generation solar cells from 1-2 years to over 10 years. Our patented technology replaces the problematic liquid electrolyte with a solid-state electrolyte. SensiSolar cells are extremely thin and flexible and can be printed directly onto surfaces like plastic, glass, and steel. This technology turns tents and backpacks into mobile chargers, extends battery life of portable electronic devices, and turns windows into solar panels."

Vaporosens – University of Utah

"We focus on safeguarding the society by providing the best technological solutions. We do this by developing extremely sensitive sensors for detecting explosives. At VaporoSens Inc., we are developing nanotechnology-based detectors, which can be attached into existing detector devices to make them far more efficient. Using these sensors, devices can detect minute traces of explosive that cannot be sensed otherwise. We plan to make the way for these sensors into various detector devices, air samplers and air purifiers. VaporoSens keeps an eye on its surroundings, making it safe and protected round the clock."

Wednesday, April 6, 2011

Hightighting the Top 10 Teams

Today, Friday and next Monday we will be highlighting each of the top ten teams.


BlueCache - Utah State University

"BlueCache is a savings club where you choose where you save! With BlueCache, you select the businesses you want to hear from and they always offer you a discount for free advertising. BlueCache turns a business's advertising budget into savings for you. BlueCache was founded in 2010 and officially entered the Logan, Utah market in September of that year. With the recent expansion into Utah County, there are over 500 businesses that advertise using BlueCache. Our membership has reached well over 5,000 members and is growing every day."


Event Espresso – University of Utah

"Event Espresso is the premier events registration and management plugin for WordPress that allows website owners to turn their website or blog into a fully featured event management website. WordPress developers use Event Espresso as a event registration framework to create customized event registrations for their clients."


Innovative Environmental Design – University of Utah

"Founded in 2010 by University of Utah students Zac Peeler and John Dymon, Innovative Environmental Design Unlimited, or IEDU, is dedicated to the design and manufacture of a digital testing device used to monitor emissions. The existing technology used in the ‑field is severely outdated, which leads to significant inefficiencies. Our technology will have additional functionality allowing our clients a more efficient allocation of resources. IEDU aims at exerting a positive externality on society by holding high waste emission industries accountable for the toxins they emit into the air we breathe."

The winners of the competition will be announced at the Utah Entrepreneurs Challenge Final Awards Banquet on Wednesday, Apr. 13, 2011 at the University of Utah Rice-Eccles Stadium Tower. A grand prize and awards for best-written business plan, best presentation and best speed pitch will be given. Over $60,000 in prize money will be distributed among these top teams.

Tuesday, September 14, 2010

2010 Student Entrepreneurs Conference registration is open!

The 2010 Student Entrepreneurs Conference will be held Saturday, 30 October at the University of Utah Union Building. The confrerence features classes and workshops by local business leaders aimed at helping student entrepreneurs succeed in making their business ideas realities. Dont miss out on this great opportunity! Registration is now open. Early registration is $15; walk-in registration is $20. Click here to register. To learn more about the conference visit the UEC website.

NOTE: ONLINE REGISTRATION CLOSES ON FRIDAY OCTOBER 29TH AT 5:00 PM. TO REGISTER AFTER 5:00PM, PLEASE REGISTER IN PERSON THE MORNING OF THE EVENT.

Get real experience - Get involved with the UEC, OQ, TechTITANS 24 September

The UEC, OQ and TechTitans are looking for highly motivated individuals to be a part of the Utah Entrepreneur Center team. Join us on Friday, 24 September from 1-2:30 pm at the Utah Entrepreneur Center to find out how you can get involved with the UEC, Opportunity Quest and TechTITANS. Directors from each department will be present and will announce opportunities for new team members to work with them (see list to below).  This is a great opportunity to get hands-on-experience in any area you choose.  For more info, directions to the building or to R.S.V.P., email Steven Snyder, Co-Chair of the UEC, at ssnyder@uec.utah.edu


What to expect
The meeting will include a synopsis of the University of Utah student entrepreneur competitions throughout the school-year, introductions from the UEC Directors, Opportunity Quest, and TechTitans. Pizza will be served at the meeting. This is an opportunity to become a real working member of the student competitions team. New team members will get hands-on experience this school year, in the area they choose.


Areas you can work in:
- Events
- Marketing
- Public Relations
- Mentors
- Opportunity Quest
- Fundraising and Scholarships
- Judges
- Outreach

NOTE: Positions are limited to University of Utah students only.

Tuesday, August 31, 2010

New Blog for the 2010-2011 School Year

Welcome to the new blog for the Utah Entrepreneur Challenge.

This blog is designed to help student entrepreneurs compete in the Utah Entrepreneur (UEC) by giving them access to tools and information. The UEC is a student run entrepreneur competition with over $40,000 in awards given to students and their start-up companies each year.

Check here each week for updates on the competition, articles from industry professionals and various other helps.