Student teams from the University of Tulsa and Oklahoma City University were recognized as the top Graduate and Undergraduate division winners Thursday in the 2012 Donald W. Reynolds Governor's Cup collegiate business plan competition.
The top three teams in each division were revealed at an awards dinner at the Bricktown Events Center. Gov. Mary Fallin was the keynote speaker.
SpectrumFX, from TU, won the Graduate Division. Moleculera Labs, from OCU, was named Undergraduate Division winner. Each team won $20,000 for researching, writing and pitching a business plan written around an emerging technology.
The SpectrumFX team wrote a winning business plan around a new fire suppression technology for the aviation industry.
SpectrumFX team members were Amethyst Cavallaro, team leader; Kathryn Junk, John Galbraith and Jessica Casper. Advisor was Claire Cornell, who received $2,000.
Moleculera Labs' plan described a new testing laboratory to detect autoimmune diseases that lead to psychiatric disorders such as autism.
Moleculara Labs team members were Jacob Lamb, team leader; Emily Sanders, Bethany Laymen and Luke Reese. Craig Shimasaki, who was adviser, received $2,000.
Spectrum also earned $5,000 as the winner of the Oklahoma Business Roundtable Material Sciences and Transportation category in the Interview portion of the competition. The Interview was introduced as a new element in this year's competition in which teams sat down for one-on-one interviews with experts in one of five industry categories.
Other Interview winners were: AT&T IT/Communications Category, PERK, Rogers State University; Greater Oklahoma City Chamber Healthcare Category, PristineCal, Oklahoma State University; i2E Student Generated Category, MaxQ, Oklahoma State University; and OG&E Positive Energy and Environmental Category, Organic Energy, University of Oklahoma.
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The Governor's Cup competition is open to student teams from any college campus in Oklahoma. Students select a new technology or create their own, write a business plan around it and then pitch it before a panel of business, investment and community leaders. The competition is underwritten by the Donald W. Reynolds Foundation and more than two dozen local sponsors. It is managed by i2E Inc.