The DePaul New Venture Challenge
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Congratulations to the 2008 DePaul New Venture Challenge Finalists who will present their business plans Thursday, May 29 to compete for the prize package of $25,000 in cash and services. The finalist judges will deliberate at the conclusion of the presentations to decide how this prize package will be awarded to the teams.
The DePaul New Venture Challenge 2008 Champion will be announced that evening at the Coleman Entrepreneurship Center’s Awards Gala. For more information and to purchase tickets, please click here.
2008 DePaul New Venture Challenge Finalists
Commuter Advertising
Russell Gottesman (MBA), Katie Gottesman, Scott McPherson
Commuter Advertising creates, manages, and sells relevant and entertaining audio advertising spots on trains and buses through partnerships with transit services. Commuter Advertising provides advertisers a new media to deliver marketing messages to targeted consumers at relevant locations along transit routes. In return for access to bus and train audio systems, Commuter Advertising shares revenue with budget-strapped transit agencies, relieving commuters of fare hikes and communities of tax increases.
DQI USA
Goran Lukic, Candace Minjares (LAW), Marc Sallette
The mission of DQI USA is to provide the best metrics possible through which clients can assess how well buildings are designed, satisfying the requirements of governmental mandates and/or the requirements of private asset owners. The DQI is an online questionnaire that collects data from anyone with a vested interest in producing the best design possible for a building. These stakeholders respond to the DQI, and individual subjective perceptions are translated into objective measurable results via a proprietary algorithm tool.
Dynamic Engineered Industrial Products
John Baibak (MBA), Michael Kroha, Alan Wilson, Justin Wrzesinksi
Dynamic Engineered Industrial Products (DEIP) will provide replacement components for Mag-Drive pumps in the petroleum, chemical, and waste water industries. The highly engineered Mag-Drive pumps contain replaceable components that are required to be changed regularly. With growing environmental and safety regulations, this market segment is outpacing the conventional pump market. DEIP will provide a complete replacement solution that provides flexibility, value, and dependability to a market that is currently being underserved.
About the Competition
The DePaul New Venture Challenge (DNVC) is an annual business plan competition for the DePaul community with a prize of up to $25,000 in cash and entrepreneurial services. To participate, teams need 3-5 members, one of whom must be a current DePaul student or recent graduate.
Teams initially submit a 3-5 page Venture Summary with their proposed business ideas, and semifinalists then write full Business Plans in the second round of the competition. The DNVC concludes with three finalists presenting their ventures to a panel of esteemed judges.
Along the way, assistance is available from the Coleman Center and its network of faculty, staff, experienced entrepreneurs, and Chicago-area professionals.
Registration for the 2008 DePaul New Venture Challenge is closed.
2007 DePaul New Venture Challenge Recap