UNC's Monfort College of Business calls for entries for 7th annual Entrepreneurial Challenge

Tuesday October 20, 2015 0 comments Tags: Greeley, UNC, UNC Entrepreneurial , David Thomas, Monfort College of B


GREELEY -- Emerging Colorado entrepreneurs are invited to apply to take part in the seventh annual Monfort College of Business Entrepreneurial Challenge   at the University of Northern Colorado with a chance to win part of $50,000 in prize money.Monfort_Challenge_logoUSE

Applications are now available at mcb-echallenge.com and will be accepted until Dec. 1.

The competition is open to Colorado-based startup ventures or businesses that have begun business development, market research and product development, but have not received payment for the sale of products or services.

“It’s incredible to think this program has provided prize money totaling $350,000 to local entrepreneurs since its inception,” said David Thomas, assistant professor of management and director of the Entrepreneurial Challenge. “The Monfort College of Business is proud and honored to be a catalyst and launch point for these aspiring entrepreneurs.”

The first-place winner will receive $25,000, second place $15,000 and the third-place prize is $10,000. In addition, winners will receive business incubator services from UNC BizHub, the business incubator at the University of Northern Colorado.

Preliminary Challenge semi-finalists will be notified by Dec. 7. All semi-finalists will present their business concept to a panel of experts on Jan. 21 at the University Center at UNC.

Five finalists will then be selected and invited to present their business plan in a “Shark Tank” format during the Monfort College of Business Entrepreneurial Challenge on  March 29. The final event will be recorded at the 9News studio in Denver and air on Channel 20 at a later date.

This year’s 2015 E-Challenge winners included:

QB Labs, a Parker Company and first-place winner of $25,000 empowers physicians, trainers, and physical therapists to quantify and streamline client progress for better movement analysis and improved treatment outcomes with MovementTek, their wearable tech system.

GameCentrics, a Fort Collins company founded by Colorado State University students and second-place winner of $15,000, brings gamification to daily workplace productivity with their Anti-Grind software.  Instead of using a controller, their cloud platform integrates with a company’s existing data stream representing employee production information and creates a series of player vs. player, team vs. team, company vs. environment, and personal achievements to set to seasonal and company specific themes.

Change Composites, a Longmont company and third-place winner of $10,000, produces a new bike helmet that helps reduce traumatic brain injuries. The design is made of a composite outer shell, paired with a non-Newtonian liner that helps reduce the chances of traumatic brain injury by responding to the force applies to the user’s head.

The 2016 Monfort College of Business Entrepreneurial Challenge is made possible in part by event partners 9News, BizWest and Colorado Lending Source.