State venture-capital groups award $1,000 prize to University of Bridgeport students at Connecticut Business-Plan Competition
A laser-guided tracking system for sports that was developed by two University of Bridgeport (UB) business school students has won a $1000 grant from several of the state’s leading venture-capital groups and other angel investors at the annual Connecticut Business Plan Competition.
Held each fall and spring, the competition is sponsored by the non-profit group Entrepreneurship Foundation, the Connecticut Venture Group, and the Department of Economic and Community Development, with support from Warbros Venture Partners, the Angel Investor Forum, Cliff Ennico, and Launch Capital.
The most recent competition was held on December 8 and, in addition to UB, drew teams from Yale, Quinnipiac, UConn, Central Connecticut State University, Southern Connecticut State University, and the U.S. Coast Guard Academy, which each submitted up to four plans.
The entry from UB MBA students Brian Krost, Robin Duan, Claudia Wei, and Anant Masalia, was called the Own Zone Pitching Simulator, and uses laser-guiding to track baseball pitches.
It won the top grant in the “Personal Business” category.
Krost and Duan were advised by UB business management professor Art McAdams.
“The entrepreneurial spirit is alive and well in Connecticut,” noted Entrepreneurship Foundation President Mike Roer, a judge in the competition.
Other judges included Bob Buckley, of Upstate Venture Association of New York; Sharif Erik-Soussi, from Capitol Community College; Kate Harrison at Green Guide, Pam Pirrog, from Housatonic Community College; and Jon Zack, founder of EggZack.com.
As a finalist, the UB team was required to deliver a multimedia presentations and answer questions from judges Joe DeMartino of the Angel Investor Forum, Manny Ratafia of Ratafia Ventures, and Paul Hughes of Wiggin and Dana.
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