CCEI


To Satisfy Every Demand that may Reasonably be Requested…

In a letter George Washington wrote to our own illustrious Governor Jonathan Trumbull of Connecticut on 28 June 1781:

Because of his role during the American Revolution, Jonathan Trumbull is one of Connecticut’s best-known governors, and many historians regard him as one of its greatest leaders. He was the only governor of an English colony to side with the colonists, and his opposition to England’s encroachments into the colonies made him the only colonial governor to remain in office throughout the war. Thus, he became Connecticut’s last colonial governor and its first state governor.

“Permit me Sir to add, that Policy alone in our Present Circumstances, seem to demand that every Satisfaction which can reasonably be requested, should be given to those Veteran Troops who, ‘thro almost every Distress, have been so long and so faithfully serving the States . . .”

In the spirit of George Washington’s words on this 4th of July, the recent progress on veterans issues the federal government has made towards policy satisfying every demand of our nations veterans…

On June 4th, the House passed the fiscal year (FY) 2014 Military Construction and Veterans Affairs (MilCon/VA) Appropriations bill. The bill funds homeless programs within the Department of Veterans Affairs at the highest levels in history, meeting President Obama’s FY 2014 budget request for those programs. These funding levels include $300 million for the Supportive Services for Veteran Families Program and $250 million for the Grant and Per Diem Program.

As well, the Obama administration announced the completion of a new online application that completely enables an electronic, online, disability claim to be filed with the VA. The availability of the joint VA-Department of Defense Web portal eBenefits marks a major milestone in VA’s transformation from paper claims records to a fully digital operating environment, one of the keys to VA’s goal to eliminate the disability claims backlog by the end of 2015.

Taken together, the these two developments lay in place the pieces to revolutionize the processing of disability claims and benefits for veterans and their dependents, at once bringing the system into the 21st century and working to resolve the two major and synergistic complaints plaguing veterans today: the enormous backlog in disability claims (more than half of them from Viet Nam or “other era” veterans) and veteran homelessness. There currently are just over 851,000 claims filed with the VA, with most of them — about 565,000 — past the 125-day period that VA Secretary Eric Shinseki set as a resolution time. In some parts of the country, the wait time is past 600 days.

These twin developments in the month of June promise to solve these problems by the end of 2015!


CCEI Startup Strategy Competition – $40,000 in Prizes

The Connecticut Center for Entrepreneurship and Innovation (CCEI) at the UConn School of Business will host a Startup Strategy Competition as the second part of a two-event Startup Challenge Initiative. Building off the tremendous success of the Pitch Competition on April 8, the Strategy Challenge strongly encourages interdisciplinary teams—which typically reflect complementary skill sets, knowledge, and perspectives—to participate. There are no restrictions on subject matter or theme. Plans for any type of product, innovation, or service are acceptable.

Entries will be reviewed and judged by experienced professional entrepreneur mentors, and a maximum of ten finalists will be selected to present their ideas to the judging panel. The presentations will be held during the last week of classes (stay tuned for the exact date and place), and competitors will be allowed 10 minutes to present their ideas and five minutes to answer questions from the judges.

This competition is open to all UConn students—all majors, levels, and campuses are welcome and encouraged to participate. Please see the competition entry details below:

Written Entries Due: April 26, 2013

Finalists’ Presentations: Date & Time To Be Announced

Length: 5 pages maximum, plus 1 appendix page (optional). Note: Minimum font size no smaller than 11

Prizes: Total prize money to be awarded is $40,000

  • First Place: $20,000
  • Second Place: $10,000
  • Third Place: $5,000
  • Honorable Mention (2 prizes): $2,500 each

How to Enter: Official competition entries should be uploaded to the Business Plan Competition website. The submission tool will be made available by April 24th.

Entry Requirements:

  • Executive Summary: One or two paragraphs introducing your innovation.
  • Product: What is it that you are developing or proposing, and why is it significant, distinctive, and desirable? What will it cost you to make it and how much can you sell it for? How long will it take to get the innovation set for market and what steps do you need to undertake to make this happen? (One page maximum)
  • Market: What is the size of the overall market, who makes up the target market for your innovation, how do you plan to reach them (marketing and promotion), and what will they pay for your innovation (technology, product, or service)? (One page maximum)
  • Competitors: Who and what else is out there? Why are you better? (Suggested length: half page)
  • Team: Who is your team, and how will you be able to develop and market your innovation? (Suggested length: quarter page)

Questions? Contact Katie Huntington at khuntington@business.uconn.edu


CCEI Startup Challenge – Pitch Competition Winners and Written Plan Competition Announced

On Monday April 8th 2013, students chatted excitedly amongst themselves as they waited in line to register to pitch their business ideas at the CCEI Startup Challenge Pitch Competition. The large classroom in the Gentry Building was nearly filled to capacity with over 60 registered teams and students who attended to watch as audience members. The energy in the room before the competition started was tangible—all of the teams were interested in winning one (or more) of the ten $1000 prizes.

CCEI Startup Challenge Pitch Competition

Prior to the event, participants were able to see five of the ten award categories, but remaining categories were intentionally withheld to add to the excitement of the night. This competition was open to all UConn students (all majors, levels, and campuses), which was clearly reflected in the broad array of ideas that were presented. There were no stipulations about what the business ideas had to be about, and teams were encouraged to get creative. The organizers and judges for this event included former UConn student entrepreneurs who founded their businesses while still students at UConn. It was the intent of the CCEI (University of Connecticut Center for Entrepreneurship and Innovation, at the UConn School of Business) for this event to be young, fun, and student-led to add to the sense of camaraderie and creativity.

Teams and individual competitors raced through 90-second pitches. Over the course of four hours, judges listened to and questioned the presenters about their ideas, which ranged from gadgets and websites to new devices and household products. Kathryn Huntington ’06, Administrative Coordinator for the CCEI who served as lead organizer and a judge of the event said, “It was amazing to see all the different ideas that students have and are working on—it is our intent that by hosting this type of event that these ideas will be developed into actual businesses and spur economic development at UConn. During the breaks, you could see teams seeking each other out, exchanging contact information, and starting to talk to each other about teaming up and working on projects—this was exactly what we were hoping for.”

CCEI Startup Challenge Strategy Competition

On a college campus, ideas are sprung constantly, but not all of them come to fruition. Events like the CCEI Startup Challenge encourage students to really develop these ideas, and see how far they can take them. The impressive turnout at this event shows that the entrepreneurial spirit is growing at UConn. Participating teams were invited to take their ideas even further by participating in the other element of the CCEI Startup Challenge: a business strategy competition, which culminates during the last week of classes. It is the CCEI’s intention to offer programming that helps identify student entrepreneurs and bring them together, and to get them to think creatively about new business ideas. “The type of networking and collaboration we saw at this event among the participating teams was exciting, refreshing, and infectious—we hope that these students with the ‘entrepreneurial bug’ will help spread the word to their friends and classmates, and create a real network of collaboration among all of these bright-minded and creative individuals,” said Huntington.

Details on the Startup Challenge Initiative and the upcoming written plan competition can be found on the CCEI Startup Challenge Website.

Entrepreneurship at UConn

“The competition was a great way to get students to start refining their ideas, and preparing for questions they might hear from future investors,” says event organizer and judge Nadav Ullman ’12. “The cash incentive was a great way to get them to come out and pitch, but I think the learning experience was the most valuable part of the event.” Students with entrepreneurial ideas are encouraged to seek out faculty and professional mentors that can serve as resources and guide them through the process of taking something from the idea phase and turning it into a viable business venture.

Organizations like the CCEI, the Office of Technology Commercialization, the Office of Economic Development, and the Innovation East Hub all serve as resources for UConn students, faculty, and staff who are working on developing their entrepreneurial ideas. Event co-organizer and judge Mike Parelli ’12 encourages student entrepreneurs: “We were really surprised with both the quantity of pitches, and the quality. From various types of devices to the next Zumba, we had some great ideas that are being worked on right here at UConn. Our hope is to see these teams follow through and enter some of the other competitions that are happening.”

The CCEI hopes that the ten winners of the CCEI Startup Challenge Pitch Competition will utilize these resources and actualize their ideas. CCEI Executive Director Christopher Levesque ’87 extends congratulations to all of the winning teams and hopes to see written plans for many of the pitched ideas in the upcoming strategy competition. Judge Tom Bachant ’12 sums up this sentiment: “Students really got a chance to show off the passion they had for their ideas. I can’t wait to see where they go from here.”

CCEI Startup Challenge Pitch Competition Winners:

  • Best Pitch Presentation: Spine Fuze
  • Best Product Invention Idea: MacroPod
  • Best Mobile App Idea: KualaApp
  • Most Socially Responsible Idea: The 589 Project
  • Best College Targeted Idea: Meals to Money
  • Best Website Idea: PartsTech
  • Most Fundable Idea: Acetone Breath Analyzer
  • Most Likely to Go Viral: Picture of the Day
  • Best “Green” Idea: Graphine Toothpaste
  • Judges’ Favorite: Advanced Column Solutions

CCEI Startup Challenge Pitch Competition Organizers and Judges:

  • Tom Bachant ’12; Co-Founder, Sobrio
  • Adam Boyajian ’12; Co-Founder, Buses2
  • Kathryn Huntington ’06, Administrative Coordinator, CCEI
  • Mike Parelli ’12, Co-Founder, Buses 2
  • Nadav Ullman ’12, Co-Founder, Sobrio

CCEI Startup Challenge – Pitch Competition – $10,000

The CCEI Startup Challenge Pitch Competition is an event where $10,000 in prize money will be awarded to individuals or teams across multiple categories. Individuals or teams can pitch more than one idea, and you could win in more than one category. This competition is open to all UConn Students (all majors, levels, campuses), and the idea can be for anything – we encourage you to get creative! Five of the prize categories are listed below; the other five will be revealed at the event. Pitches will be limited to 90 seconds and will be followed by up to two minutes of Q&A. Have an idea? Pitch it!

First Five Prize Categories Revealed:

  • Best Pitch Presentation
  • Best Product Invention Idea
  • Best Mobile App Idea
  • Most Socially Responsible Idea
  • Best College Targeted Idea (“Most Likely to Succeed at UConn”)

For more information and rules, please visit the CCEI website.

Sponsored by the University of Connecticut Center for Entrepreneurship and Innovation (CCEI)
Questions? Email
khuntington@business.uconn.edu


Veterans Honored with Presidential Recognition

On Monday, Feb 11th, former SSgt Clinton Romesha was awarded the Congressional Medal of Honor by President Obama for his heroic actions in the Oct 3rd, 2009 Battle of COP Keating (also known as the Battle of Kamdesh), during which the position was nearly overrun. It would have been the first time a US unit was overrun since the Viet Nam war. The COP was attacked by a force that outnumbered the US forces by almost 10:1. The COP occupied the low ground, and was surrounded by ridges. The COP has since been called “indefensible.”

American, allied,  and Afghanistan forces, including the Observation Post about 2 km away and the mortar pit, included 57. The Taliban attacked with more than 300. The attack was a complex, supported attack. Breaches occurred at a latrine area close to the perimeter wire; the main entrance where civilian guards, Afghan Security Guards were overwhelmed; and from the eastern side—where Afghan National Army soldiers were stationed. Despite the efforts of two Latvian military advisors, who tried to convince the Afghan National Army forces not to flee, the Afghan defenders quickly broke and ran. US soldiers reported that none of the Afghan soldiers held their ground. Once the perimeter was breached, the Taliban set fire to numerous buildings, while the Americans and allied soldiers formed an internal defensive perimeter around two buildings. From there, the Americans counter-attacked to retake the COP and restore the integrity of their base.

The insurgents began to retreat later in the day. Quick reaction forces from 1st Battalion, 32nd Infantry Regiment did not reach the outpost until 7:00 pm that day, while insurgents remained in parts of the outpost as late as 5:10 pm. On October 5 and 6, coalition troops conducted operations in the area in an attempt to locate and destroy the Taliban forces responsible for the attack on the outposts. Another 10 Afghan soldiers and 4 Taliban fighters were killed during these operations.

American forces had already planned to pull out of the area as part of a plan to move forces to more densely populated areas, so closure of the base was imminent when the attack occurred. The attack accelerated those plans, with the troops’ departure taking place quickly after the battle that some munitions were abandoned. The outpost was evacuated two days later, and bombed on October 6 by a B-1 bomber to prevent insurgents from looting the munitions abandoned in the hasty withdrawal. The outpost’s depot was promptly looted by the insurgents and bombed by American planes in an effort to destroy the lethal munitions left behind.

Eight US soldiers were killed and 22 wounded; eight Afghan soldiers were wounded, along with two Afghan private security guards. The US military estimated that 150 Taliban militants were also killed as a result of repulsing the assault. The US soldiers killed in the battle were: Justin T. Gallegos, Christopher Griffin, Kevin C. Thomson, Michael P. Scusa, Vernon W. Martin, Stephan L. Mace, Joshua J. Kirk, and Joshua M. Hardt.  Twenty-seven purple hearts were awarded, as well as 18 Bronze stars for valor, 9 Silver Stars, 8 Distinguished Flying Crosses, and 1 Medal of Honor.

SSgt Romesha’s combat has been called epic. According to his citation, Romesha moved uncovered under intense enemy fire multiple times to muster reinforcements and fire on attackers. He took out an enemy machine gun team and, while engaging a second, was wounded by shrapnel when a generator he was using for cover was struck by a rocket-propelled grenade. He fought on undeterred, exposing himself to “heavy enemy fire” while moving “confidently about the battlefield. Romesha engaged and destroyed “multiple enemy targets.” He also directed air support to destroy more than 30 enemy fighters and saved other wounded troops.

“Staff Sergeant Romesha’s heroic actions throughout the day long battle were critical in suppressing an enemy that had far greater numbers. His extraordinary efforts gave Bravo Troop the opportunity to regroup, reorganize and prepare for the counterattack that allowed the troop to account for its personnel and secure Combat Outpost Keating,” according to his award citation.

On Tuesday, Feb 12th, Adam Burke of Veterans Farm and the Farmer Veteran Coalition will receive the Presidential Citizenship Medal from President Obama. Connecticut’s own Working Vessels for Veterans works closely with Veterans Farm and the Farmer Veteran Coalition to help veterans learn about farming and start their own farms. Adam Burke is a Purple Heart recipient who started Veterans Farm in 2009 in Jacksonville FL. It is planning to expand to our state in the near future.

I find it very interesting that two veterans are receiving such important Presidential recognition in such close proximity, and so close to the 2013 State of the Union address. I have long believed that this current generation of combat veterans would lead the way in the next decade for solving some of the economic ills that have beset our nation. At the same time, in grand scheme of things, this generation of veterans are creating both social value and economic value by committing to reintegrate veterans into the workforce and American economic life.


Start-up Nation Transformation: The Case for Veterans

It takes a special mindset to volunteer to join the military in times of war. To leave the comforts of home, to leave family and friends, to go into harm’s way in far off foreign lands creates a complex mindset. It takes a certain mentality to brave the dangers of combat, to go outside the wire and engage the enemy on their grounds.

What is it, ultimately, that makes veterans different from civilians? I have been interested in this question since 1994 – my first recruiting tour of duty. Why did some people sign on the dotted line for four years or more, and some not? What was the unmoved mover that prompted the best and brightest of America’s youth to raise their right hand and take a solemn oath to support and defend the Constitution? Over 6 years and two recruiting tours of duty, I never could put my finger on it. It remains a mystery to me, even now.

We have to recognize the difference between transitioning from the military to civilian life, and transformation from a warrior to an entrepreneur. Transition is merely a change of position. Transformation is a change of substance. It takes a specific attitude to make a transformation. There is a world of difference, and we should celebrate that difference.

I read a book entitled Mindset by Carol Dweck, a psychologist who studies success. In her book, she posits two fundamental mindsets, Growth vs Fixed. Growth mindsets have a tendency to learn experientially, a willingness to take on new challenges and explore new opportunities, and maybe most importantly, a proclivity for hard work. In other words, qualities we most often associate with successful entrepreneurship.

A body of academic research exists about why veterans the world over tend to be successful entrepreneurs. In their book Start-up Nation, Dan Senor and Saul Singer explore the factors contributing to the entrepreneurial success of Israel, on a per capita basis, the most entrepreneurial country in the world. They assert one of the key reasons is Israel’s compulsory universal military service, which creates a common language and outlook for mission accomplishment and – once again – hard work.

Hard work, mission bias, and problem solving skills are at the heart of the veteran-entrepreneur transformation. Here in CT, we have a population of greater than 250,000 veterans; but more than 40,000 veteran-owned businesses, about a 1-in-6 ratio.

Today, as I speak, the unemployment rate among disabled veterans is 15.8 in CT, and here among the current generation of Iraq and Afghanistan veterans, the unemployment rate is greater than 30%.

Approximately 2.5 million Americans have served in overseas  theaters of operations in the Global War on Terror since 9/11. As the wars in Iraq and Afghanistan draw to a close, and as budgets are cut and the military draws down over the next decade, more than 600,000 service members a year will leave the military and transition to civilian life; as many as 10,000 veterans a year will return to CT.

If 1-in-6 of those veterans started businesses – our nation would create more than 100,000 veteran start-ups per year. We could create more than 1,000 veteran start-ups here in CT. We veteran-entrepreneurs, with our Growth mindset, as we transform from warrior to entrepreneur – we are part of the solution to the present economic situation.

We can create a start-up state, and a start-up nation.


NAACP Urban Business Expo

The first Urban Business Expo was held on August 28th, 2012 at the Artist’s Collective in Hartford. This event, sponsored by the NAACP, was designed to bring together Connecticut-based minority and women small business owners with different organizations that educate and assist with funding, development, certification and marketing issues. In addition to business assistance organizations, also present were different companies and agencies in the healthcare, education, government, professional union, and infrastructure development and maintenance fields. Vendor booths were also set up to showcase some local small business owners. The University of Connecticut’s School of Business was represented by Seanice Austin from the Office of Diversity Initiatives and Kathryn Huntington from the Connecticut Center for Entrepreneurship & Innovation (CCEI).

The event was well attended, and small business owners in industries ranging from yoga studios to independent cable providers mingled and networked with representatives in the over 70+ booths. Vendors were able to network with each other at the event, and many promising connections and plans for collaboration between different organizations were made. In addition to the expo booths, there were panel discussions and themed sessions running throughout the day. The theater-style seats were filled, and some sessions were filled to the point of standing-room only. Speakers included Lt. Governor Nancy Wyman, Hartford Mayor Pedro Segara, and representatives from various organizations who provide business assistance to new ventures in the state. Also present on the panels were successful individuals who gave their stories and perspectives, and urged the audience members to take advantage of the different programs and organizations that are able to provide assistance for their business challenges.

It is often the case that small business owners are unaware of programs, funding, or initiatives that are available to them. The Urban Business Expo was designed to create awareness of all these different opportunities, and inspire an increase in the number of minority and women business owners in Connecticut. Austin remarked, “Participating in this event with the NAACP allowed the School of Business to reach out to minority small business owners in Hartford. We connected with some promising individuals and are excited to build relationships with business owners throughout the state.”


Decorated Marine Appointed to Lead Veterans Programs at UConn School of Business

A decorated Marine who runs the University of Connecticut’s program to help other military members become entrepreneurs has been appointed to lead veterans’ outreach and support initiatives at the School of Business.

Michael Zacchea, a Purple Heart and Bronze Star recipient who holds an MBA from UConn, will coordinate programs to recruit and support veterans and help them with job placement, continuing education, career planning, and other services.

Zacchea also continues in his role as director of the Entrepreneurship Bootcamp for Veterans with Disabilities, which welcomes a new group of participants to UConn this fall. UConn is among eight prominent business schools offering the bootcamp in collaboration with the Whitman School of Management at Syracuse University.

“We are thrilled to have Mike Zacchea on board for this very important post. His outreach to the veteran community is vital to our continued support of veterans in regard to continuing education and job placement,” says James R. Lowe, assistant dean of the UConn School of Business.

“This, coupled with Mike’s leadership of the Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), completes a robust offering of services to this valued community,” Lowe says.

Zacchea, a native of Long Island, N.Y., who now lives in Brookfield, will work with programs and veterans at all of UConn’s campuses.

Zacchea also received the U.S. Small Business Administration’s award as 2012 Veteran Small Business Champion of the Year for his work with the Entrepreneurship Bootcamp for Veterans with Disabilities.

“I’m very happy to tell the story about UConn and its service to veterans because UConn has been so good to me in terms of returning and re-integrating and planning my future,” Zacchea says.

“We’re doing so much at UConn to re-engineer the student veterans’ experience and recognize them as a specific constituency with unique needs,” he says. “Both UConn and Connecticut as a whole have a story to tell returning veterans about their opportunities here and the support we can provide.”

Zacchea was commissioned a 2nd lieutenant in the U.S. Marine Corps in 1990 and served in Somalia and Haiti before being deployed in 2004 as a major to Iraq for Operation Iraqi Freedom II.

His team and the Iraqi army battalion it trained were involved in heavy combat many times. They included an incident in which he was wounded by a rocket-propelled grenade and received shrapnel in his shoulder and a traumatic brain injury, which required him to undergo several years of rehabilitation.

His military awards include the Bronze Star Medal for Valor, the Purple Heart Medal, a Navy and Marine Corps Achievement Medal, a Combat Action Ribbon, and many unit and campaign awards.

Zacchea, who held a master’s degree from Hawaii Pacific University and a bachelor’s from Notre Dame, earned his MBA in May from UConn and has been active in veterans’ groups on campus, statewide, and nationally.

He was an analyst for Morgan Stanley before enrolling in UConn’s MBA program, where he specialized in entrepreneurial marketing.

He says some specific goals in his new position with the School of Business include creating coherent policies to help veterans locate educational opportunities, job training, and other services they need.

He also wants to advocate for creating certain non-degree certificate programs to help veterans bolster their knowledge and give them an edge in the job market, and to work with others at UConn in its efforts to offer strong support to veterans throughout their college careers and once they are alumni.


National PTSD Awareness Day & Moral Injury – Make the Connection

Wednesday, June 27th was officially recognized as the 3rd annual National PTSD Awareness Day.  PTSD Awareness Day was first established by Congress in 2010 after Sen. Kent Conrad of North Dakota proposed honoring North Dakota Army National Guard Staff Sgt. Joe Biel, who was a suicide casualty following two tours in Iraq. Biel’s birthday was June 27. Tragically and stunningly, in the first 155 days in calendar year 2012, the active duty armed forces endured 154 suicide casualties – as sure a cry for help as there is.

It took a decade of war in Iraq and Afghanistan, and millions of words, and thousands of shattered lives, for our nation to finally recognize the legitimate and true nature of post-traumatic stress and the effect it has on survivors of trauma. Trauma comes in many many shapes and sizes – I call them species of trauma. Combat, certainly. Accidents, whether vehicular or otherwise. Domestic abuse. Sexual abuse. Bullying. Racism. Crime victimization.

The link above includes 12 ways to increase awareness of PTSD in the community. PTSD does not affect just returning veterans. It affects every community, and all ages. It is, in effect, a 12-Step program for community members to learn about living with trauma.

But soldiers and veterans experience something else – a different species of trauma. Because they are volunteers. Every single one of us volunteered to don the uniform, to strap on the boots, and to take up arms to support and defend the Constitution of the United States against all enemies foreign and domestic. That is a good thing. Its a morally right and defensible action. Love of country is part of the natural order. So what happens?

My friend Nan Levinson of Tufts University is a writer and PTSD researcher. She has written an incredibly insightful essay about “moral injury” crossed posted at Tom Dispatch and the Huffington Post. Entitled Mad, Bad, Sad: What’s Really Happened to America’s Soldiers, she calls these moral injuries “sacred wounds.” Here she tells the story of a soldier:

“Andy had assumed that his role would be to protect his country when it was threatened. Instead, he now considers  himself part of “something evil.” So at a point when his therapy stalled and his therapist suggested that his spiritual pain was exacerbating his psychological pain, it suddenly clicked. The spiritual part he now calls his sacred wound. Others call it “moral injury.”

Nan goes on to explain:

“While the symptoms and causes may overlap with PTSD, moral injury arises from what you did or failed to do, rather than from what was done to you.  It’s a sickness of the heart more than the head. Or, possibly, moral injury is what comes first and, if left unattended, can congeal into PTSD.”

She gives credit for the term “moral injury” to Dr Jonathan Shays, the MacArthur Genius Grant recipient and Boston VA Psychiatrist who wrote Achilles in Viet Nam: Combat Trauma and the Undoing of Moral Character and Odysseus in America: Combat Trauma and the Trials of Coming Home There is an important academic paper on the phenomenon of moral injury entitled Moral Injury and Moral Repair in War Veterans published by in 2009.

It is no accident that the first National PTSD Awareness Day happened in 2010.

Awareness is not enough. Reaching out. As in combat, creating bonds under extreme conditions of stress and trauma. The VA has a new campaign called Make the Connection. Veterans share a common bond of duty, honor, and service. Some military Veterans served in combat overseas. We experienced things – life – that most people can’t fathom. We know. We get it. That’s why we have to reach out.

 


CCEI Holds Annual University-Wide Business Plan Competition

For the third year in a row, the Connecticut Center for Entrepreneurship and Innovation (CCEI) at the University of Connecticut School of Business held its annual business plan competition.  The CCEI, led by Executive Director Christopher Levesque ’87, is an academic center within the School of Business that aims to broaden the entrepreneurial opportunities both within UConn, and the greater Connecticut entrepreneurial community at large.

“Over the last couple of years, the CCEI Business Plan Competition has blossomed into a wonderful program on many levels.  Beyond the prize money — which is substantial — it is energizing hundreds of UConn student entrepreneurs to invent and create new products and services.  The program gives students a platform to launch substantial businesses,  creating career paths for themselves and jobs for the State of Connecticut,” notes Eric Knight ’82, President  of Remarkable Technologies and Manager of the UConn Springboard program, who served as a competition judge.

The competition is university-wide – open to students of all levels, majors, and campuses, and there are no restrictions when it comes to the subject of the plan idea – any and all unique business ideas or innovations were considered.   This competition is part of a broader effort by the University to grow the entrepreneurial community and spirit, and this competition attracted talented student teams from diverse backgrounds and experience, but all with a common motivation and drive.

Many of the teams were comprised of interdisciplinary students, which helps to bring a wide array of perspectives and ideas to any project.  Part of the promise of this competition was that all submitted plans would be reviewed by experienced entrepreneurs, investors and UConn faculty.  Additionally, the CCEI hosted multiple workshops dedicated to helping teams improve and polish their plans to help maximize their prospects for success.  At the workshops, the competitor teams were given general guidance on what makes a successful business plan and were then given one-on-one time to work with experienced professional mentors.

Over 130 teams submitted their intent-to-compete, 49 teams submitted official competition entries, and 13 finalists presented their plans to a panel of judges.  The finalist presentations were held April 25th, 2012 at the School of Business.  The judges for this competition were: Christopher Levesque ’87, Director of CCEI; Eric Knight ‘82, President  of Remarkable Technologies and Manager of the UConn Springboard program; Bruce Carlson, President of the IP Factory; Danny Briere, CEO of TeleChoice; Mary Anne Rooke, President of the Angel Investor Forum; Joe Wehr, President of DBMI; and Nat Brinn, Principal at Vital Financial, LLC.

Among the finalists, PartsTech, a team comprised JD/MBA student Gregory Kirber ’13 and MBA student Alexander VanderEls ’12, presented the most well-developed business plan, receiving the competition grand prize of $25,000.  Second prize of $15,000 went to Buses2 (team members Adam Boyajian ’12 and Michael Parelli ‘12), and the third place prize of $10,000 went to Sharelogical (Max Lekhtman ‘11 , Daniel Hanley ‘12, Jay Bahgat ‘14 and Mike Lovino ‘12).

Competition plan winner Greg Kirber noted how the resources surrounding this competition contributed to his team’s success: “The development processes and mentor advising helped strengthen our plan and provided new avenues for exploration.”  He also commented on the sense of fellowship between competition participants, “While a competition by nature, this event has certainly led to lasting collaboration between teams as well as with mentors.”

“The popularity of this year’s competition is a perfect representation of the energy up in Storrs. There’s an incredible amount of students starting businesses and chasing their dreams, and now there are resources like the CCEI competition so students have a channel through which they can pursue their opportunities,” notes Adam Boyajian. “We just graduated, and we can look back to four years ago when there was no place for kids like us to go with ideas, and certainly no mentors or money to help us make it happen.  The pace at which things are happening is incredible, and there is without a doubt some big things coming out of UConn around the corner.”

Chris Levesque is thrilled with the rapidly expanding level of entrepreneurial energy by the students at UConn.  “The creativity, novelty and sophistication of the ideas presented has increased each year and the CCEI Business Plan Competition, taken in conjunction with entrepreneurship courses, Startup Weekend Storrs, Innovation Quest, and other programs is helping to put UConn squarely on the map in terms of student entrepreneurship.”

This competition was an extremely effective and successful way to tap into the burgeoning entrepreneurial spirit here at the University and throughout the State.  With the success of the 2012 CCEI Business Plan Competition, the organizers are brainstorming ways to grow the competition even larger next year, perhaps adding a competition track for faculty/staff.  In the meantime, the CCEI is extending an invitation to all teams who submitted a letter of intent to compete in the competition to continue discussions and guide them to take advantage of resources The CCEI can bring to bear.

“Our ultimate intent at the Center for Entrepreneurship and Innovation is to identify, mentor and help develop new businesses here in Connecticut; PartsTech, along with Buses2, Sharelogical and the other finalists, represent terrific examples of such promising firms,” stated Christopher Levesque.

“The consistent and sheer volume of ideas that emanate from the student population year over year at UConn is amazing and inspiring,” says Danny Briere. “This is exactly the type of innovation that’s necessary to power our way towards more jobs and companies in the state.”

For more information about CCEI, please visit http://ccei.business.uconn.edu.

CONTACT

Christopher Levesque, Executive Director, Connecticut Center for Entrepreneurship & Innovation (CCEI)

clevesque@business.uconn.edu, 860-486-4594

Marie LeBlanc, Manager of Marketing and Publicity, UConn School of Business

mleblanc@business.uconn.edu, 860-486-6182