SOURCE: Cincom Systems

Cincom Systems

March 02, 2010 12:34 ET

Winners of the 2010 Cincom and UC Spirit of Enterprise MBA Business Plan Competition Announced

University of Arkansas Takes 1st Place, Wins the Cincom Spirit of Enterprise $10,000 Grand Prize Award

CINCINNATI, OH--(Marketwire - March 2, 2010) -  The University of Arkansas, Fayetteville, won 1st place at the sixth annual 2010 University of Cincinnati (UC) Spirit of Enterprise MBA Business Plan Competition, taking home the Cincom Systems ( $10,000 Champion Award and an automatic invitation to the 2010 Global Moot Corp® Competition with over $100,000 in total prizes at stake. Johns Hopkins University received first runner-up and University of Illinois Chicago earned second runner-up.

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The winning team's (Misty Stevens, Paul Mlakar, Robyn Goforth, and Michael Thomas) business plan, BiologicsMD, LLC is developing a new prescription osteoporosis solution, OsteoFlor that will improve patient quality of life and reduce the osteoporosis burden on the healthcare system.

Entrepreneurial Battle of Ideas

The Spirit of Enterprise, hosted and sponsored by Cincom, is an invitational forum for next generation entrepreneurs to "road test" business-venture concepts -- ideas that may have a powerful effect on business and the world.

The Johns Hopkins University team of Evan Luxon, Nicholas Martinez, Jason Hsu and Chris Komanski developed an implant for use in spinal surgery. The technology has already been through three rounds of prototyping and shown efficacy in cadaveric testing.

University of Illinois Chicago's Rebecca Hirschboeck, Dianne Gaffney, and Jennifer Shoenberger created MMPe Technologies, a seed-stage drug delivery company working to further investigate and license biologically controlled drug delivery systems.

Purdue University won the Limo/Taxi Ride Competition. Mirroring a chance encounter with a potential angel investor, teams must try to sell their business plan's viability within 10 minutes on the road.

About the UC E-Center
Founded in 1997 by Matthews, the E-Center's mission is to provide a state-of-the-art entrepreneurship curriculum and research base not only for potential student entrepreneurs and scholars, but also for people in the many organizations that interact with small, entrepreneurial and family-owned businesses. Success magazine has listed The University of Cincinnati as one of the top 50 programs for entrepreneurship in the U.S., and in 2008, The Princeton Review ranked UC the 21st best Undergraduate Entrepreneurship program in the country.

About Cincom (
For 41 years, Cincom has helped thousands of clients worldwide by solving complex business problems with its software and services.

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