Today@Idaho - News Article

From: Subject: Today@Idaho - News Article Date: Fri, 2 May 2008 14:07:25 -0700 MIME-Version: 1.0 Content-Type: multipart/related; type="text/html"; boundary="----=_NextPart_000_0000_01C8AC5D.D94C4750" X-MimeOLE: Produced By Microsoft MimeOLE V6.00.2900.3198 This is a multi-part message in MIME format. ------=_NextPart_000_0000_01C8AC5D.D94C4750 Content-Type: text/html; charset="utf-8" Content-Transfer-Encoding: quoted-printable Content-Location: http://www.today.uidaho.edu/DetailsPrint.aspx?id=4352 =EF=BB=BF Today@Idaho - News Article

Biodiesel=20 Blend Level Tester Wins Business Plan=20 Competition

May 2,=20 2008

Photos are available at www.today.uidaho.edu/= PhotoList.aspx

Student=20 Group Invited to Idaho Tech Lunch in Boise on May=20 28

MOSCOW, Idaho =E2=80=93 An innovative product = created in a=20 University of Idaho laboratory to measure biodiesel blend = levels is=20 the winner of the university's 2008 Business Plan = Competition.=20

A team of three students and the faculty member who = invented=20 the device collaborated to develop a feasible business plan = for the=20 patent-pending ultraviolet spectrophotometry testing system. = Presented under the company name of Accelerated Precision, = this=20 innovative product enables any supplier, retailer or = regulatory=20 agency that sells or uses biodiesel to ensure the blend = level is=20 correct.

"I am so excited to have won this = competition," said=20 Scott Black, a senior in civil engineering from Glenns = Ferry. "This=20 entire process has been beneficial, and has taught me a lot = about=20 presenting myself, and =E2=80=93 even more =E2=80=93 a = product in front of people. I=20 have realized that there is great potential and value for an = individual who has the work ethic and ability to analyze = like an=20 engineer, but also can understand the business aspects. The = VIEW=20 program has provided me with an opportunity to do this and I = am=20 extremely excited to move on in the field of = entrepreneurship."=20

Dev Shrestha, assistant professor of bioenergy and = team=20 faculty adviser, created the testing system with graduate = student=20 Artur Zawadzki. The project initially was funded by a = university=20 seed grant; additional funding was provided from the energy = division=20 of the Idaho Department of Water Resources. "I think the = VIEW team=20 did a great job in taking the technology and developing a = business=20 plan. I congratulate the team for winning the competition," = said=20 Shrestha.

Black's team also included Mark Hoge, a = senior in=20 business management from Blackfoot, and Shawn Britton, a = senior in=20 operations management from Moscow. The three students will = split the=20 $6,000 cash prize.

As the winner of the competition, = the=20 Accelerated Precision team will compete against other Idaho = schools=20 in an early stage venture capital educational event at the = Idaho=20 TechLaunch in Boise May 28-29. Organized by Idaho = TechConnect, the=20 event brings together science and technology companies, = government=20 agencies, economic development professionals and=20 investors.

Second place in the innovative ventures = track of=20 the competition was awarded to DLP Industries for their work = with=20 the Spa Swing, a hot tub accessory item. Team members Ben = Harp, a=20 senior in marketing from Boise; Stacey Orland, a senior in = marketing=20 from Coeur d'Alene; and Branden Bates, a senior in chemical=20 engineering from Moscow, received a $3,000 cash = prize.

Third=20 place was awarded to Mall Joomla, an online marketplace for = Web=20 developers to sell their products. The $1,000 prize was = given to=20 teammates Daniel Bietz, a junior in business management and=20 entrepreneurship from Olympia, Wash.; and Sean St. Marie, a = junior=20 in finance from Spokane, Wash.

"This is the third = year of the=20 VIEW Business Plan Competition and VIEW already has had some = successful startups and product launches," said Linda = Morris,=20 director of VIEW. "This year=E2=80=99s business plans are = ever more=20 innovative and inspiring. In addition to the i product and = company=20 ideas submitted in the innovative ventures track, a new = social=20 entrepreneurship track focused on applying practical and = sustainable=20 approaches to address social and environmental = needs."

First=20 place in the Business Plan Competition's social = entrepreneurship=20 track was awarded to RE-ZY, a sustainable campus move-out = program.=20 Willow Falcon, a junior in soils and land resources from St. = Maries;=20 Genevieve Armstrong, a senior in family and consumer = sciences from=20 Helena, Mont.; Fafanyo Asiseh, a graduate student in = agricultural=20 economics and rural sociology from Ghana; and Sheela Chand, = a=20 graduate student in materials science and engineering took = home a=20 $2,500 prize.

Second place was awarded to the = Harambee and=20 Nnoboa Foundation. Asiseh and Richard Hill, a graduate = student in=20 engineering, shared the $1,000 cash prize and were given = special=20 recognition for their "social passion." The foundation will = collect=20 science and math books that could be distributed to = community=20 learning centers in Ghana and Kenya.

The Business = Plan=20 Competition was sponsored by Dietmar and Pauline Kluth. = Dietmar is a=20 1966 alumnus of university=E2=80=99s College of Business and = Economics. The=20 Kluths have contributed a total of $50,000 to the Business = Plan=20 Competition to fund $10,000 in prize money each year for = five=20 years.

In addition to the Business Plan Competition, = the=20 Idaho Research Foundation opened a competition for the=20 best-presented business plan on April 17 to the same = participants.=20 =E2=80=9CWe wanted to reward teams that best represented = their plans in=20 terms of salesmanship,=E2=80=9D said Alison Nowakowski, = assistant director=20 of the Office of Technology Transfer. "Presentations were = critiqued=20 on speech development, effectiveness, voice and manner, = among other=20 criteria."

The Best Business Plan Presentation award = of $500=20 sponsored by Haverstock and Owens, LLP was given to Sol = Nano, a=20 company that will incorporate nanostructures into the = existing solar=20 cell technology. The process will make solar panels more = efficient=20 and allow a shorter time to recover costs to the consumer. = When=20 providing feedback on the presentation, judges cited the = confidence,=20 body language and knowledge of material as outstanding. Team = members=20 included Jamie Hass, a senior in physics from Pinehurst; = Michael=20 Barker, a senior in business economics from Buhl; and Landon = Isbell,=20 a senior in business finance from Rathdrum.

Second = place for=20 the Best Business Plan Presentation competition was awarded = to=20 Northwest Recreation Ambassadors, an outdoor recreation = outfitter=20 and operator that specializes in adventure tourism and = travel. The=20 team received a $250 prize sponsored by Gritman Medical = Center. Team=20 members included Hugo Lecomte, a graduate student in sport = and=20 recreation management from France; Pernille Langenbach, a = graduate=20 student in marketing from Denmark; and Brenda Ashburn, a = senior in=20 finance and marketing from Moscow.

During the three = years=20 since the Vandal Innovation and Enterprise Works (VIEW) = program=20 began at the University of Idaho, students and faculty have = used=20 VIEW to find the inspiration, skills, resources, connections = and=20 entrepreneurial mindsets to move innovation from classrooms = and=20 laboratories into the marketplace. For more information, = visit http://www.view.uidaho.edu/,= =20 e-mail view@uidaho.edu=20 or call (208) 885-0199.

# # #

About the=20 University of Idaho

Founded in 1889, the = University=20 of Idaho is the state=E2=80=99s flagship higher-education = institution and=20 its principal graduate education and research university, = bringing=20 insight and innovation to the state, the nation and the = world.=20 University researchers attract nearly $100 million in = research=20 grants and contracts each year; the University of Idaho is = the only=20 institution in the state to earn the prestigious Carnegie = Foundation=20 ranking for high research activity. The university=E2=80=99s = student=20 population includes first-generation college students and = ethnically=20 diverse scholars. Offering more than 150 degree options in = 10=20 colleges, the university combines the strengths of a large=20 university with the intimacy of small learning communities. = For=20 information, visit http://www.uidaho.edu/.

Co= ntact:=20 Joni Kirk, University Communications, (208) 885-7725, joni@uidaho.edu

JK-5/2/08-= VIEW

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