McDonough School of Business Hosts Mid-Atlantic Business Plan Competition Semi-Finals

May 13, 2009

The MIT Enterprise Forum, in cooperation with Georgetown University's McDonough School of Business, hosted the Mid-Atlantic Business Plan Competition semi-finals on Georgetown's campus Saturday, May 2.

The annual competition gives students and professionals the opportunity to present innovative business ideas to a community of technology and business leaders, experienced entrepreneurs, academics, attorneys, and venture capitalists. This year, aspiring entrepreneurs with interests in e-commerce, medicine, sports, and public service vied for more than $70,000 in prizes. Two McDonough School of Business teams, Solarcycle and Employee Aptitude Test, represented Georgetown University in the semi-finals. 

Students from Princeton University, The Johns Hopkins University, and The Wharton School at the University of Pennsylvania competed in the final round, held in the Georgetown's McDonough School of Business's new building. Armed with a patent for a new propriety rowing technology, the Wharton School's Stealth Rowing team bested Princeton's art-commerce enterprise Exhibytes and Johns Hopkins' prostate cancer treatment Hydrangle Systems to win the title of Best Student Business Plan. 

The University of Virginia's Clean India team, which focused on providing clean water technology to millions of Indian residents and SMEs, was named Best Open Business Plan and Best Social/Environmental Innovation. Angel investor David O'Leary closed this year's competition by lauding the finalists for their innovative business ideas.

The Mid-Atlantic Business Competition is the region's premiere business plan contest for student and professional entrepreneurs. The competition is organized by the MIT Enterprise Forum, a nonprofit organization that connects high-tech entrepreneurs with technology experts, academics and business leaders in a network that spans North America, Europe, and Asia.

Stealth Rowing of Wharton School, University of Pennsylvania Won Best Student Business Plan

Clean India of Charlottesville, VA Won Best Open Business Plan

Other Student Track Finalists:

Princeton University

Hydrangle Systems
Johns Hopkins University

Other Open Track Finalists:

Thesia Medical
Baltimore, MD

Urim Glass
Mt. Laurel, NJ

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