Inside Iowa State
June 6, 1997
Grad students reap big awards in entrepreneurial contest
by Michelle JohnsonTwo teams of Iowa State graduate business students are $8,000 richer after winning the New Venture Graduate Competition sponsored by the College of Business.
The competition challenged graduate students to create business plans for new companies. The companies could be based on licensed technology from the Iowa State University Research Foundation, a co-sponsor of the contest, or a concept developed by the students. A panel of college faculty and members of the Ames business community voted on the plans. Start-up firms may result from the competition.
One winning plan involved a company that would produce high quality powder metal using technology developed at the Ames Laboratory and ISU. The powder metal can be used in the parts, electronics and solder industries. The second winning plan called for a business to develop and market high technology measuring devices for corn and soybean seed quality labs.
"Local economic development opportunities and technology- based firms were given priority in this competition," said Gary Koppenhaver, associate professor of finance. "Both winning plans are likely to result in start-up firms."
Information about the graduate student competition can be found on the Web at http://www.public.iastate.edu/~isubuscoll/ISURF1.html.
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