WSU Student Entrepreneurs’ Ideas Highlight Preliminary Round of Business Plan Competition

PULLMAN, Wash.—Businesses built around award-winning ideas for walk-around computer keyboards, exotic wood flooring, location-sensitive car safety software and bonding for renter security deposits are in the planning stages at Washington State University.



These areas were the top-four winners in this month’s preliminary rounds of the second annual WSU Business Plan Competition for students and business partners.



“We had 15 teams competing, and the students and friends in every one of them made excellent presentations on their ideas for prospective new businesses,” said Jerman Rose, director of the Center for Entrepreneurial Studies in the College of Business and Economics, both of which hosted the event. “Many of the teams were interdisciplinary, with members from diverse disciplines of study.”



“For this year’s competition, it was especially rewarding to watch how they had learned to collaborate with each other to pull together some really excellent business plans,” said Joe Harris, CES business plan specialist who helped organize the competition for its second year.



The student groups were divided into four leagues of 3-4 teams each. Some had worked together since August to hone their business ideas and write detailed business plans.



First place winners from each of the four leagues and recipients of $300 per team include the following:


 



  • “Key-Wi,” with a portable cylindrical keyboard product, by team members Chris Strahl, a graduate student from Medford, Ore.; Chris Bloom and Reshad Kazimee, graduate students from Pullman; and Nina Morton, an animal science student from Gig Harbor;
  • “MarbleWood,” with a composite wood flooring and countertop product, by team members and mechanical engineering students Lee Garth Green from Lynnwood and Eli Patten from Long Beach;
  • “Adevno Surety Services,” with a plan to issue bonds to cover renters’ damage deposits, by Isaac Wells and Michael King, both finance students from Pullman; and
  • “Data Stream Inc.,” with a novel on-board concept aimed at accident prevention, by team members Ralph Williams, a finance student from Spokane, and Peter Eichman, a political science student from Cedaredge, Colo.

Second place winning teams and recipients of $200 per team include the following:





  • “J&B Industries,” a canine DNA sequencer product, with team members John M. Williams, a general studies student, and Ben Eastman, a real estate student, both of Pullman;
  • “Sanford Software,” a software product for Internet searches, with team members Ben Ford and Eric Sandall, computer science students from Zillah and Deer Park, respectively;
  • “Robot-X Inc.,” a hands-on software debugging project, with team members Derek Harris, an entrepreneurship student from Pullman, Han Tran, an electrical engineering student from Bothell, and Ian Ender, a computer engineering student from Billings, Mont.; and
  • “Electronic Literary Solutions,” an online book agent product, with team members and entrepreneurship students Kevin Snyder of Spokane and Adam Christian of Bellingham.

Third-place teams and recipients of $100 per team include the following:




  • “Infinity Motor Sports,” with services for high performance cars. Team members are mechanical engineering students Jessica Pebles of Davenport, Jeremiah Smith of Oroville and Reid Henry of Spokane;
  • “Artificial Rain,” a sprinkler-system company, by business student Bret Dahmen of Pullman;
  • “Courthouse Coffee,” with plans for a drive-through espresso business. Team members are graduate students Lisa J. Meyer of Cheney and Nathaniel Bowie of Lewiston, Idaho; and
  • “Watchers Inc.,” a rear-end auto collision deterrent product, by entrepreneurship student Andres Narvaez of Pullman.

Other teams to compete included the following:



“Veritux Technologies,” with plans for a computer leasing service, a second entry in the competition by Ford and Sandall; “Securest Systems,” face recognition software, by computer science student Lucas Diaz of Pullman; and “Count On Us,” online electronics retailing, by entrepreneurship student Paul Counts of Prescott.



All teams mentioned and more are eligible to participate in the final round of the WSU Business Plan Competition held in Pullman during the university’s Academic Showcase weekend April 1, 2005. The first-, second- and third-place teams will receive a total of $9,000 in prize money. 



Judging the presentations at the December preliminary round were panels of regional business people and professors from the College of Business and Economics.



Business community members included Doug Cox, commercial loan officer, AmericanWest Bank, Pullman; Carey Jonas, project manager, Strategic Initiative, Trend West Resorts Inc., Redmond; Gonzaga University Professor Norm Leatha and John Pariseau, directors of Delta Angel Group, Spokane; Bill Skavdahl, assistant vice president, Washington Mutual Bank, Pullman; Rich Smith, commercial loan officer, Bank of Whitman, Pullman; Marla Telin, vice president of  finance, World Wide Packets, Spokane Valley; and Liz Wilhite, commercialization director, SIRTI (Spokane Intercollegiate Research and Technology Institute), Spokane. WSU judges included Susan Barnes, doctoral candidate in management and operations; Val Miskin, management and operations professor; Richard Reed, professor and chair for management and operations; and Brett Rogers, assistant state director, Washington Small Business Development Center, Spokane.



For the latest information on the event, check the CES Web site at www.cbe.wsu.edu.

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