April 2, 2013

2013 business plan winners to compete in global competition


L to R: John McEwan, managing partner, Deloitte; Sarah Johnson; Ashish Vujjeni; Kinshuk Mitra; Brett Geiger; Adrian Zoller; Michael Oakley; Jeff Kessler; Arvind Venugopal; Michael Camp

A team of six Fisher MBA students, one Fisher undergraduate student and three biomedical engineering students took first place honors in the 2013 Ohio State University Business Plan Competition.

In a separate competition earlier in the week, Ohio State's winning team, OncoFilter, was also selected to participate in the 2013 Rice Business Plan Competition, billed as “the world’s richest and largest graduate-level business plan competition,” April 11-13.

“This competition is the largest in the world with over $1.2 million in cash and prizes,” said Michael Camp, executive director for the Technology Entrepreneurship and Commercialization (TEC) Institute and the Center for Entrepreneurship.  “There were more than 600 applicants from around the world and our team was selected as one of only 42 finalists.”

The six MBA members of the OncoFilter team are students in Camp’s TEC Academy course.

The team’s business plan proposed a new biomedical technology called OncoFilter, a microbead mesh that can be used to separate rare cells from a complex mixture for use in cancer diagnostics. NMC Athletics was the first-place winner in the undergraduate track. The competition’s newest category, the  Clean Energy Award, sponsored by Ohio State’s Office of Energy and Environment, was given to Energyhawc.
Members of the OncoFilter team, winning first place in Ohio State’s open track business competition, are: Jeff Kessler, an undergraduate student in accounting; Sarah Johnson, Arvind Venugopal and Michael Oakley, all students in the MBA for Working Professionals program; Gayathri Sreekanth, Adrian Zoller, and Ashish Vujjeni, full-time MBA students; and  Kinshuk Mitra , Anja Brkljacic and Brett Geiger, undergraduate students in biomedical engineering.

“There is a clear need in cancer diagnostics for a sensitive and cost-effective screening technique,” according to the team’s business proposal. “This technology has reached unprecedented levels of reliability, sensitivity, and accuracy in isolating cells present in extremely low concentrations. It can be used to isolate circulating tumor cells, an early indicator of cancer, from human blood samples. Earlier diagnosis of cancer is associated with higher rates of survival, as well as more clinically effective and cost effective treatment.”

Members of the first-place undergraduate track team, NMC Athletics are Jacob Mercer, a finance major, and Lucas Williamson, an industrial design major.

NMC Athletics designed an innovative three-part head protection system for the sport of wrestling. NMC Athletics’ Titan Jaw Cup, and Legend X Earguard will provide wrestlers with unprecedented customization options with improved ergonomic functionality, according to the team’s business plan.

Second place winner is Employer Book and third-place is Buckeye Surgical Optimizations in the Open Track. In the Undergraduate Track, second place is JerkyBro and third place is CHAARG.