Tuesday March 25, 2014 0 commentsGREELEY - Five finalists selected for the fifth annual UNC Monfort College of Business Entrepreneurial Challenge will compete for $50,000 in prizes in a televised business investment pitch competition on March 29.
The program will air at 9:30 p.m. on KTVD Channel 20 and will later be available for viewing on-demand at mcb-echallenge.com.
The finalists will present their business plans to a panel of judges in a "Shark Tank" format at 9News studios in Denver. KUSA-TV/9News is partnering this year with UNC's Monfort College of Business to promote and broadcast the Entrepreneurial Challenge.
Gregg Moss, 9News business reporter and news anchor, will again emcee the event.
Three of the five finalists will win cash and business incubator services from UNC BizHub, UNC's new business incubator. First-place winner will receive $25,000, second-place will receive $15,000 and third-place will get $10,000.
"This year's business concepts are diverse, well presented and very impressive," said David Thomas, UNC assistant professor of management and director of the Entrepreneurial Challenge.
"We are looking forward to another highly competitive event. The 9News partnership and broadcast on Channel 20 is a great addition to this year's challenge and will provide a broader audience with a view of the exciting ventures being built here in Colorado."
This year's five finalists are:
- IX Powerclean Water, which commercializes clean water and safe power innovations
- Congo, which provides users with instant access to a fee-based live video chat with qualified doctors and lawyers
- LogiLube, which has a diesel-fuel treatment and monitoring systems for oil-and-gas field operators
- Omirown Entertainment, whose "Food Factory" game challenges new chefs to manage food from the field and bring it to their restaurant's table
- Tabrific, which offers customers personalized e-gifting with text, video and audio
Judges for the contest include Dick Monfort, owner and CEO of the Colorado Rockies; Brad Cheedle, senior VP of business services for WOW! Internet, Cable and Phone; and Chris Onan, co-founder and managing director of Galvanize.
"The business concepts of the five finalists are impressive and should make for a very competitive Entrepreneurial Challenge," said Monfort. "The competition is truly serving as a real business initiative in Northern Colorado.
"The broadcast of the competition will also expand economic development by encouraging more participation in future Entrepreneurial Challenge competitions."