U. Of Michigan’s B-School Awards $90,000 to Student Startups
Fashion Forward Maternity Receives $22,500 for Online Maternity Fashion Concept; Finalist @Fingertips Receives $26,000 in Prizes and Grants for Touchscreen Devices for the Blind
The Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the University of Michigan’s Stephen M. Ross School of Business today announced the winners of the 2012 Michigan Business Challenge and recipients of the Applebaum Dare to Dream Grants and Mayleben Family Venture Shaping Grants for U-M student startups. Award winners and grant recipients received funding totaling nearly $90,000 for innovative new business concepts and compelling business plans. Several teams will go on to compete at intercollegiate business plan competitions where winning Michigan teams in 2011 brought home $326,350 in prize money and services.
“The Michigan Business Challenge and Dare to Dream grant program exemplify how the Zell Lurie Institute connect students from multiple disciplines and provide teams with the support and resources needed for the development of nascent business ideas into compelling business plans with the potential to launch,” said Tom Kinnear, executive director of the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies. “This multi-faceted, learn-do approach prepares entrepreneurially ambitious students with life-long entrepreneurial skills and connects them with key individuals important to their career pursuits…”
Top 3 winners:
- The Pryor-Hale Award for Best Business for $20,000 went to Fashion Forward Maternity – a socially responsible online boutique where savvy professional women can borrow high quality and designer maternity and nursing fashions at a fraction of the price of new.
- Runner-up for $10,000 to Converge Medical Technologies – a medical device company that develops patient brain function monitoring solutions through principles of neuroscience.
- Erb Award for Environmental and Social Sustainability for $7,500 to @Fingertips – a for-profit social-entrepreneurial company that builds devices enabling the blind to use modern touchscreen devices.