John Brown University took first and second place at this year’s Tri-State Governor’s Cup in the undergraduate division.
The 2012 Tri-State Donald W. Reynolds Cup Business Plan Competition gives rising entrepreneurs an opportunity to practice creating and pitching business ideas to potential investors, according to their website.
JBU’s Hydrovate team took first place and Simpler Solutions took second.
Hydrovate designed the EcoTrough, a self-cleaning water trough that greatly reduces labor and contamination, said a JBU press release. Team members are seniors Amanda Abramovitz, Tina Funk, Josh Garrett and Rolando Ochoa.
Simpler Solutions created a cost-effective plan for paint sampling. The company strives to be the leader in paint sampling innovation, according to the release. Team members are seniors Jamison Hofer, Brandon Knight and Shantelle Overby. Business professor Eva Fast advised both teams.
In the graduate division, University of Nevada, Las Vegas took both first and second place. The winning team innovated a water flow restrictor that increases water efficiency, and a demolition tool with various uses, mainly breaking concrete, grabbed second place, said the cup’s website.
JBU team member Tina Funk also won an award for the undergraduate section of the Elevator Pitch Competition. In the competition, a representative team member has 90 seconds to pitch their business plan.
“The quality of the winning business plans is phenomenal, as are the students who produced them,” Arkansas Capital Corporation Chief Executive Officer C. Sam Walls said. “These students are not only business savvy, they are creative and well-equipped to successfully become the business leaders of tomorrow.”