Ann Arbor, December 3, 2018 – The Michigan Business Challenge (MBC), a campus-wide, multi-round business plan competition has announced the eight teams advancing in its Seigle Impact Track.
Ninety-five student teams submitted proposals for MBC, with 51 teams submitting for the Seigle Impact Track. After passing a qualifying round, teams advanced to Round One, which was held at the Ross School of Business on Friday, November 30, 2018. In the Seigle Impact Track, eight teams will now advance to Round Two, taking place on Friday, February 8, 2019. From there, four teams will advance to the Finals on Friday, March 15, 2018.
Eight impact teams will advance from Round One to Round Two:
- BLIP – aiming to reduce the amount of time and effort women in rural Gujarat, India, spend to collect potable water, alleviating pain and reducing “time poverty.”
- Dear Black Women – an affirmation movement and social network, online and offline, that grows the social capital of black women.
- Dough – personalizing student loan management from matriculation through repayment to reduce debt burdens and default rates.
- NeoHealth – a low-cost device that can be used to detect counterfeit antimalarials in developing countries.
- Peerstachio – a peer-to-peer learning community platform that helps undergraduate college students improve their grades by connecting underclassmen with trusted upperclassmen.
- Practical Prosthetics – providing affordable, accessible and functional 3D-printed prosthetics.
- SubQ Assist – a task-shifting device to aid in the safe administration of subcutaneous contraceptive implants for people in rural areas.
- ValCycle – an end-to-end reverse logistics platform that connects unused product to the people who need it most.
The eight teams feature students from Biology, Education Engineering, Computer Science, Information, LSA, and Michigan Ross. Additionally, 17 teams are advancing in the at-large competition, including Dough and SubQAssist.
The Michigan Business Challenge (MBC) is a campus-wide, multi-round business plan competition where student businesses have the opportunity to win cash prizes totaling over $100,000, gain feedback from leaders in the business community, and expand their business network. Ross’ Seigle Impact Track is sponsored by the Mark and Robin Seigle Entrepreneurial Innovation Fund and co-managed by Business+Impact at Michigan Ross, the Erb Institute for Global Sustainable Enterprise, and the Zell Lurie Institute for Entrepreneurial Studies. This track awards a $26,000 prize pool to the most compelling business plans that deliver social or environmental impact, and the top social impact team can win $15,000 at the finals on March 15.
Read about all of the Round One winners ZLI’s post “2019 Michigan Business Challenge Teams Advancing to Round 2”