NCET just wrapped up the 9th annual Donald W. Reynolds Governor’s Cup College Business Plan Competition. Based on the work of this year’s student teams, the good news is that Nevada’s future looks bright!
One hundred and forty-five students from UNR, TMCC, UNLV and Sierra Nevada College submitted 42 undergraduate-track plans and 13 graduate-track plans. In addition, students submitted 15 plans for the Lt. Governor’s Award, which NCET presents for the best energy-related plan. On Thursday evening, we awarded $144,000 in cash prizes to the seven teams with the best business plans. More on those teams in a moment.
Looking back over the last nine years, I see a dramatic change in the academic backgrounds of the students entering the competition. The early Governor’s Cup competitions were dominated by plans created by business and engineering majors. This year, we also saw plans submitted from students whose majors included:
|• Agricultural Science
• Clinical Psychology
• Culinary Arts
• Digital Art
|• Political Science
• Psychology and Criminal Justice
• Ski Business Management
At the same time, the students’ ideas have grown increasingly bold. Here are the business concepts submitted by this year’s winning teams:
• CH4OICE extracts CO2 from the air and converts it into renewable methanol that can be used as an alternative to gasoline.
• DataBeam, Inc. has patented a revolutionary new way to store electronic information at the molecular level.
• ElectroVentures, Inc. provides clothing, costumes, and accessories to the $4 billion electronic dance music industry.
• EscaZyme Biochemicals is a specialized chemical company that manufactures component chemicals for use in a wide variety of industries.
• Gymnerate is an energy brokerage company designed to extract the energy from gym machines while in use and send it back to the grid.
• Pure Ski Experience is devoted to sharing the knowledge and skills of world-class and Olympic skiers with motivated clients.
• SOLUTION Bar is a science-themed specialty bar that offers highly unique and molecular mixology beverages.
In 2005, the Governor’s Cup was our state’s first and only business plan competition. Today, Nevada’s students and entrepreneurs may now enter 12 different business plan competitions. Rest assured, NCET will make sure that our competition continues to meet the needs of Nevada’s educational and business community.
You can find more information about the Governor’s Cup at www.NCETgovcup.org, and you can view photos of the oral presentations at www.flickr.com/photos/nv_cet/sets/72157633285903201