UNM Business Plan Competition

1
UNM Business Plan Competition

• Sul Kassicieh, ASM Chair in Economic Development

2
Introduction

• Intent foment the creation of new start-ups
  using UNM and other technologies
• Effect on job and wealth creation in NM
• Part of UNMs important role in NM economic
  development

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Idea

• Student teams prepare business plans based on
  technology intellectual property (with the
  permission of the owner)
• Judges consisting of successful entrepreneurs,
  venture capitalists, other technologists,
  business experts from accounting, law and
  management.

4
Last Year

• Successful event
• 17 teams competed for
• 25K first prize,
• 10K second and
• 5K third
• Dinner attended by 300 to announce winners
• NMBW Insert on Competition

5
Winners from last year

• Ryan Smith and Scott Lovald (MBA and
  Manufacturing Engineering) from Satyrne
  Biotechnologies
• Ben Njus (MBA and PhD Candidate in Chemistry)
  from Mirror Image
• Pranav Patel, Snehal Bhakta, Sachin Bhakta and
  Sarika Bhakta (all MBA) from Health One

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This year

• Same prize money
• Intent to enter November 15, 2006
• Plan due March 22, 2007
• Plan presentations and Awards March 30, 2007

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More info

• For additional information
• to sign up for the business plan competition
  list serv, visit
• http//www.mgt.unm.edu/students/ techbizplan.asp