Purdue Business Competition Awards $115,000 to 12 Winning Student Startups

A news release earlier this month from Purdue University stated, “The Burton D. Morgan Business Model Competitionawarded 12 student startups funding totaling $115,000. Purdue University’sCenter for Entrepreneurship hosted the final presentations in late February.

“The top three winners received a total of $55,000 in funding. First-place winners included Spiro Therapeutics, awarded $25,000; MediTrack awarded $15,000 and Incas Diagnostics awarded $15,000.

“The Burton D. Morgan Business Model Competition encourages student entrepreneurship through five months of business model workshops. The competition hosted four workshops, such as Business Model Canvas and Customer Discovery, led by Matthew Lynall from Krannert School of Management.”

The update noted, “This year, the Burton D. Morgan Foundation and Purdue University’s Krannert School of Management and Honors College sponsored the competition. All finalists who presented in late February will receive a one-hour complimentary consultation with HealthCPA and a one-year membership to their choice of co-working space in the Purdue Railyard, the Anvil or the MatchBOX Coworking Studio.

“The teams participated in three separate business model paths: the open track for startups large potential markets, the small business track for startups with a methodical growth plan and the social innovation track for startups addressing socioeconomic challenges.”

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