Winners Named in Three Categories: Sustainable Technology, Life Sciences,
PITTSBURGH, March 21 /PRNewswire/ -- The winners of the 2008 McGinnis Venture Competition, which awarded more than $140,000 in cash and business services, included teams from the host Tepper School of Business at Carnegie Mellon University, Yale University and the University of Manitoba, Canada.
Each winner picked up a total of $20,000 in cash and another $25,000 in business services donated by several Pittsburgh-area law firms experienced in venture-backed business development.
"Our aim is to give the teams the best advice we can, from the top people in the fields of venture and angel investing and entrepreneurship, to enable their best chances at successfully launching their company," said Arthur Boni, director of the Donald H. Jones Center for Entrepreneurship at the Tepper School, which sponsors the competition.
The Tepper School team of Alberto Gandini and Salman Mukhtar won in the Life Sciences track by pitching a business called Tropical Health Systems, which aims to cure malaria with a medical device that purifies infected red blood cells using a magnetic filter.
The University of Manitoba team of Erin Yanchycki, Stephen Chamaa and Daniel Kozier won in the Technology track with Civitech, an early stage company developing a system of wireless sensors for monitoring environmental conditions in buildings. Their first product aims to monitor moisture inside building walls to prevent the growth of mold.
Yale's team of Stuart Murray, David Mueller and Jamie Spivey, won in
the Sustainable Technology track with Ideal Energy, a plan to install small
wind turbines on customers' properties and sell them the generated
electricity at a 10 percent disc
|SOURCE Tepper School of Business at Carnegie Mellon|
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