August 24, 2012

2012 business plan competition winner receives $100K

Greg M. Allenby

Core Quantum Technologies, the winner of the 2012 Business Plan Competition sponsored by the Center for Entrepreneurship at Fisher, was awarded $100,000 from the Third Frontier’s Technology and Validation Start-Up Fund.

The company, which included students from Fisher’s inaugural Industry Clusters health care cohort, was formed by Kunal Parikh, through his participation in Fisher’s Entrepreneurship Minor courses. Parikh, who graduated with degree in chemical engineering, teamed up with the former Industry Clusters students Sean Moore, Joe Zaycosky, and Alex Gruenhagen.

“Meeting them and doing group work with them really let us understand that we worked well together,” Moore said. “Without having met (Kunal) and the rest of my group there, we certainly wouldn’t have gotten together for the Business Plan Competition."

Along with Parikh, other company executives include Gang Ruan and Jessica Winter, faculty members in the William G. Lowrie Department of Chemical and Biomolecular Engineering, and Kalpesh Mahajan, a graduate student of the program.