A team of University of Bridgeport MBA students has won the $1,000 first-place prize at the Connecticut Business Plan Competition, which was held on December 17 in New Haven.
Prasad Bhavsar, Niketa Kansara, Minal Patel, and Avinash Yelamarti won the “Best Ventures” division for their invention, a golf-ball tracking system. The team was advised by Dr. Arthur McAdams, a professor of management.
The Connecticut Business Plan Competition is held biannually to promote innovation and entrepreneurship. Teams from colleges throughout the state may compete. With its win last week, the UB team bested teams from University of Hartford, the Coast Guard Academy, UConn (Storrs), and Quinnipiac University.
“Students have to generate a feasible idea, determine a market for it, and work through the numbers to see if it works financially,” said McAdams. “Then the challenge is to boil their business plan down to a three-minute presentation in a competitive environment with many other universities that have many good ideas, too. It’s an honor to win, and it speaks to our students’ talent in our MBA program.”
The competition will be held again in April 2011.
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