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11/3/2009 |
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Eight Colorado Springs businesses and nonprofits vying for cash and access to student smarts |
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Eight Colorado Springs businesses and nonprofits vying for cash and access to student smarts
October 07, 2009 4:36 PM | WAYNE HEILMAN | THE GAZETTE
Eight Colorado Springs businesses and nonprofits have been selected to work with teams of University of Colorado at Colorado Springs students to develop new products, markets or business models in a competition to win $40,000.
Student teams will be assigned next week to each of the eight organizations and will develop the plans with their managers during the next three months, said Michael Larson, the El Pomar chair of engineering and innovation at UCCS. He is one of three such faculty members who helped put together what they hope will become an annual competition to promote innovation and revitalization in local firms, the EPICC Business Revitalization and Innovation Competition. The plans will be presented to a panel of judges Feb. 15 to compete for one of three cash prizes to be awarded March 1.
The competition is part of UCCS Chancellor Pam Shockley-Zalabak’s Southern Colorado Innovation Strategy, which is looking for ways the university can partner with the community to spur innovation and economic development, Larson said. “This is a unusual competition because in most business plan competitions, the projects that don’t win go nowhere and nothing comes of the effort put into them. In this case, even the plans that aren’t funded still will benefit from the work of student teams.”
View the entire article on Gazette.com
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