LOUISVILLE, Ky. 鈥 The University of Michigan鈥檚 AIM Tech team won first place Feb. 18 in the 10th annual Brown-Forman , the University of Louisville鈥檚 annual business plan competition for MBA teams.
Kitchen Table Inc. of Yale University took second place, while UofL鈥檚 team, MetaCT, came in third. Fourth place was won by RED BioBattery of the University of Arkansas.
AIM Tech, which has developed a low-tech, non-electric ventilator for babies in remote areas, was awarded the grand prize of $15,000 and the chance for $100,000 worth of services if they locate their business in Louisville through the 鈥淟aunch in Louisville鈥 program.
Kitchen Table, maker of plant-based frozen meal kits that cook on the stove in less than 15 minutes, took home $5,000.
MetaCT, created by UofL entrepreneurial MBA students Max Kommer and Nick McRae and coached by UofL鈥檚 Van Clouse and Suzanne Bergmeister, is a construction tech firm focusing on a fleet management and dispatch system for asphalt contractors. They won $3,000.
RED BioBattery took home $1,500 to continue development of batteries that last a lifetime for medical devices such as pacemakers, replacing batteries that last five to seven years.
The competition featured 12 teams, including three from Canada. It is one of eight regional or national competitions that UofL teams participate in each year.
The keynote speaker was Maggie Galloway, CEO of , the highly successful UofL team that won the Cardinal Challenge two years ago with a disposable, low-cost intubation device that can be used in ambulances, helicopters, hospitals and surgery centers.
Clouse is director of the Forcht Center for Entrepreneurship in the College of Business and associate professor of entrepreneurship. Suzanne Bergmeister is assistant director of the Forcht Center and longtime entrepreneur in residence in the college. For more information, contact Clouse at van.clouse@louisville.edu or 502-852-4782.
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