Eleven teams, divided into Beginning/Intermediate and Advanced categories, were invited to participate in the Business Model Challenge process from a pool of 44 initial applicants. Up to six teams will present what they learned during the customer development and business model workshop to a panel of judges at the competition finals, held at the University of Maryland on Friday, April 26, from 1-3:30 p.m., in room 1115 of the Computer Science Instructional Center. The event is open to the public (register here).
Beginning/Intermediate level teams include:
CellTrace: developing an automated data extraction software program designed for researchers in the life sciences.
Team: Deborah Hemingway, graduate student, biophysics; Frank Hemingway, graduate student, electrical and computer engineering; Joshua Juen, graduate student, University of Illinois - Urbana Champaign, electrical and computer engineering; and Kimberly Stroka, Johns-Hopkins University, post-doc, bioengineering.
Destinalo: developing an online booking platform dedicated exclusively to offering accommodations in environmentally friendly hotels.
Team: Cristina Huidobro, graduate student, urban planning.
MotionVibe: developing fitness lifestyle technology solutions that improve training, motivation, and communication between professionals and enthusiasts.
Team: Nick Gerontianos, student, digital innovation management studies.
Proteus: developing 3-D filament recycling solutions that allow users to convert waste plastic and plastic pellets into usable filament for 3-D printers.
Team (all mechanical engineering undergraduates): Ethan Nusbaum, J. Scott Wheeler, and Kelly Kempf.
UMDTutor2Go: developing an online system to provide students with private, online tutoring via Skype, live instant messaging chats and audio broadcasts, 24 hours a day, seven days a week.
Team: Chandra Smith, undergraduate student, psychology, human development, and technology entrepreneurship; Changudra Smith, undergraduate student, finance, marketing, and technology entrepreneurship.
Wheel Shields: developing a skateboarding accessory that solves "wheel bite" (a dangerous safety problem), keeps riders dry and allows riders to stand over their wheels.
Team: Chase Kaczmarek, undergraduate student, management and entrepreneurship.
Advanced Level Teams include:
Kitsune: developing a dynamic enterprise software-updating framework that eliminates downtime and keeps vital services accessible.
Team: Edward Smith, undergraduate student, computer science; Michael Hicks, Associate Professor, computer science; Jeffrey Foster, Associate Professor, computer science.
Maryland Energy and Sensor Technologies (MEST): developing a novel, solid-state cooling technology for air-conditioning, dehumidification, and refrigeration applications.
Team: Ichiro Takeuchi, Professor, materials science and engineering; Yiming Wu, Research Associate, materials science and engineering.
Secure Mobile Devices: developing a technology that strengthens the security of mobile devices by combining physical layer technologies with user biological traits and cyber technologies.
Team: John Baras, Professor, electrical and computer engineering and Institute for Systems Research; Vladimir Ivanov, Research Associate, Institute for Systems Research.
Tauros Engineering: developing a technology for the detection and monitoring of bridge scour.
Team: Alison Flatau, Professor, aerospace engineering, Associate Dean for Research, Clark School of Engineering; Tyler Flatau, undergraduate student, government and politics; and Adrian Ross, MBA candidate, Harvard Business School.
Vasoptic Medical: developing a medical device for the early diagnosis and management of diabetic retinopathy and other medical conditions.
Team: M. Jason Brooke, alumnus, University of Maryland and University of Maryland, Baltimore; Abhishek Rege, Ph.D., Johns Hopkins University.
The competition, now in a new format, has historically awarded more than $697,000 to companies originating at the University of Maryland since 2001.
The University of Maryland Business Model Challenge encourages UMD students, faculty and researchers to leverage their talent and ideas to create tomorrow's leading companies. The competition process, its network of expert mentors and partners and the cash prizes awarded have helped many UMD entrepreneurs act on their dreams and build their own companies.
The UMD Business Model Challenge was founded and is managed by the Maryland Technology Enterprise Institute (Mtech).
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