UofL students win two business contests
University of Louisville College of Business students have taken top honors in two regional contests this month, one rewarding ideas to create innovative businesses and another recognizing ideas on how to improve the security of business computers.
A team of five UofL MBA students claimed first prize in the life science category of the 2010 McGinnis Venture Competition at Carnegie Mellon University March 11-13, a contest involving 25 teams. Their plan to create NanoMark Therapeutics, a company producing a new cancer drug targeting cancer cells but not healthy tissue, won a $20,000 cash prize.
The team now advances to Global Moot Corp, the $100,000 "Super Bowl" of business competitions, in May.
"Our success is another indication of the great work students are doing in our entrepreneurship program," said Van Clouse, UofL's Cobb family professor of entrepreneurship, who coaches the team.
Another team of seven students from UofL's business college and Speed School of Engineering won the Southeast Collegiate Cyber Defense Competition at Kennesaw State University March 10-12. It developed the best plan to defend a business computer network from cyber attacks, a task that required both business and technical skills, said S. Srinivasan, a UofL professor of computer information systems and computer science and who coaches the team.
UofL's cyber team edged out six other teams for first place and now advances to San Antonio, Texas, for the national Cyber Defense Competition April 16-18.