Experiential Learning Accelerators

The CCEI Startup Challenge is back …. and we want YOU!!!

Posted on by Brian Kelleher

The snow is finally melting and temperatures are slowly rising, which means we are finally entering collegiate competition season, including our annual CCEI Startup Challenge.

The CCEI Startup Challenge is a two-pronged initiative that includes a Pitch Competition (April 7th), where ten $1000 prizes are given out for different categories of elevator pitches.  Then, the second element is a written Strategy Competition, where participants submit a written application containing specific elements found in a business plan (submission is max 5 pages in length), all submissions are reviewed, and the finalists are invited to do a full length presentation for a panel of judges from the University and from the Connecticut entrepreneurial community.  The details of these events can be found by vising our “Business Plan Competition” page. 

So, although this is a two part initiative, participants can do either/or, or both events.  However, we strongly encourage people to take the ideas that they pitch at the Pitch Competition, and flesh them out and submit written Strategy Competition entries for these same ideas.  The Strategy Competition also provides winners with larger monetary prizes, details found on the Business Plan Competition page.  

In past years, we have had significant overlap with other competition participants, such as Innovation Quest (iQ), the Engineering Senior Design Project (ESDP),  Startup Weekend Storrs, and the  State Collegiate BizPlan Competition.   The Pitch Competition is an event that we designed to be “for students by students”, and this years’ judges include winners from the 2013 CCEI Startup Challenge.   It is fun and interactive, and last year there were over 60 ideas presented to a packed room of over 100 attendees. 

Any UConn student is eligible to participate – each person (or team) has 90 seconds to present an elevator pitch for an idea of any type (app, manufactured product, service, etc.), real or hypothetical, and we present ten participants with $1000 each for 10 different prize categories, which include things like “best green idea”, “best college-focused idea”, “best overall pitch”, etc (listed on Business Plan Competition page). If you already are working on an idea, or if you are someone who wants to become involved in entrepreneurship at UConn, please come join us for the Pitch Competition! Any type of idea pitch will be heard – be as creative and innovative as you want to be.  Do you have an idea?  Pitch it!!!! 

 

Kathryn Huntington
khuntington@business.uconn.edu 

UConn One of Only Two CT Business Schools Named “Best for Vets”

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Selection focuses on culture and curriculum that caters to vets.

This week, the Military Times newspaper named the UConn School of Business and its MBA Program to its “Best for Vets: Business Schools 2014” list, in recognition of the School’s commitment to providing opportunities to America’s veterans.

It is the latest acknowledgement of the strength of services for veterans offered through UConn’s School of Business, which has a record of success engaging those who have served in the armed forces.Continue Reading

UConn EBV Program is a Community of Veterans Supporting Connecticut’s Economy

Posted on by Claire Hall

UConn’s Entrepreneurship Bootcamp for Veterans with Disabilities (EBV) fills an important need both for the veteran population in that it provides access to entrepreneurial education and resources, and to the state in that it helps create economic vitality and businesses that create jobs.

A May 2011 study from the Small Business Administration Office of Advocacy revealed that 45 percent of veterans are more likely to take the plunge into entrepreneurship than people with no active-duty military experience. “I think there are several reasons why veterans tend to be more entrepreneurial, says Michael Zacchea ’12 MBA, EBV program manager, in a 2012 Hartford Business Journal interview. “First, in the military, they developed a bias for action, and a commitment to mission accomplishment. Veterans tend to network with other veterans, and tend to understand things like logistics and supply chains. Veterans have learned management and planning skills that lend themselves to entrepreneurial success.”

On Veterans Day in 2004, Zacchea nearly died while fighting with his unit in the streets of Fallujah, one of Iraq’s deadliest combat zones. Nine years later and retired from the Marine Corps, he has led more than 60 disabled veterans through the EBV program curriculum. “We believe that veteran entrepreneurship is part of the solution both for the current generation of 2.5 million Iraq and Afghanistan veterans, and for our economy both nationally and for our state. In Connecticut, there are more than 40,000 veteran-owned businesses, which account for 8% of the state’s GDP,” says Zacchea. “Veteran business owners create both economic and social value disproportionate to their size of the population.”

Learn more about UConn’s EBV program and hear feedback from participants in this video:

EBV Program Welcomes Veterans for 2013 Bootcamp

Posted on by Claire Hall

Kicking off the annual week-long Entrepreneurship Bootcamp for Veterans with Disabilities (EBV), the UConn School of Business welcomed this year’s incoming class of veterans at a dinner reception on Friday evening, October 4.

Following a welcome from Michael Zacchea ’12 MBA, EBV program manager, keynote speaker Dawn Halfaker inspired the crowd by sharing her story. A decorated war hero and entrepreneur, Halfaker is a former Military Police Officer in the United States Army who commanded a military police platoon in support of Operation Iraqi Freedom. She was subsequently wounded during a combat patrol near Baghdad in 2004, earning a Purple Heart and Bronze Star for her service. Halfaker is now president and chief executive officer of Halfaker & Associates, LLC, an award winning professional services and technology solutions firm founded in 2006, and employs more than 100 people including a workforce of almost 50 veterans.

Entertainment for the evening was provided by UConn a-cappella group, Conn-Men.

About the EBV

In 2010, UConn’s School of Business was honored to become one of eight members of the EBV Consortium of business schools and universities. The EBV program offers cutting edge, experiential training in entrepreneurship and small business management to post-9/11 veterans with disabilities resulting from their service to our country.

The School of Business is proud to participate in this very special program that helps give back to individuals who have sacrificed for our country. EBV demonstrates the power of entrepreneurship in our communities by fostering an essential route for job creation and economic vitality.

To date, the UConn EBV has helped 42 veterans open 45 businesses, and to place another eight veterans in full-time jobs.

Pictured: Dawn Halfaker, Michael Zacchea, Justin Nash ’14 MBA, a 2012 EBV graduate and founder of Veteran Construction Services, and School of Business Dean John A. Elliott. (Photo courtesy of Lynn Luczkowski, L2 Communications)

To Satisfy Every Demand that may Reasonably be Requested…

Posted on by Brian Kelleher

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

Posted on by Claire Hall

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

Posted on by Claire Hall

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

Posted on by Claire Hall

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

NBC Sports and Olympics at Stamford Learning Accelerator

Posted on by Claire Hall

Executives from NBC Sports and Olympics in Stamford met recently with over 80 UConn students at the UConn School of Business Stamford Learning Accelerator (SLA). The event was video streamed live from Stamford to the School of Business Cafe in Storrs, where students at that campus were able to simultaneously participate and pose questions to the NBC Sports team.

NBC Sports kicked off the event showing video highlights from its award winning Sports and Olympics programming. Next, Emanuel Adjekum, Manager Diversity & Pipeline Programs at NBC Sports Group, led a presentation on joining NBC Sports for a number of full-time positions and internships, including internship opportunities for the 2014 Sochi Olympics.

Students were also able to participate with a panel of NBC Sports executives represented by Eric Hamilton, Senior Broadband Producer, Nathan Suh, Director Business of Development and Michael Benjamin, Production Associate. The panel spoke of their experiences at NBC Sports and Olympics, discussed their own career paths and enthusiastically answered students’ questions from both Stamford and Storrs.

After the presentation, all panelists were available for further discussions and students were encouraged to personally bring up their resumes to Mr. Adjekum for upcoming internships and employment opportunities. A long line of students, resumes in hand, were delighted to do so.

The event was arranged by Brian Brady, Director of the Stamford Learning Accelerator, along with Halina Holloway and Celeste Baran from the UConn Stamford Career Center, in cooperation with Kathy Hendrickson at the School of Business Career Center in Storrs. Live streaming was made possible with support from Jeremy Pollack, Director of IT for the School of Business, James Simon, Director of IT for the School of Business Stamford campus, and Matt Proulx and Ian Hollis from UConn Stamford’s Technology Services.

See photos from the event on Facebook:

Veterans Honored with Presidential Recognition

Posted on by Brian Kelleher

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.