University of Michigan students win this year's Cincom and University of Cincinnati Spirit of Enterprise MBA Business Plan Competition.
ANN ARBOR, Mich.—Ross School of Business students Sherman Powell, Angelo Adams, Ambra Heard, Parren James, and Ben Kozma won over the panel of judges at a recent MBA business plan competition with their novel business plan, ArmyProperty.com, a military inventory tracking system.
"Our system quickly and easily allows people to delegate, organize, manage, transfer, and account for their property in a fraction of the time that the official army system requires," Powell says.
The Cincom and University of Cincinnati Spirit MBA Business Plan Competition called for innovative and commercially viable business plans communicated in a powerful way to a judging panel of bankers, venture capitalists, and business leaders. Teams were required to pitch their business plan to judges and potential investors in a 10-minute taxi or limo ride during the final championship round. No PowerPoint or other visual aids were permitted.
Along with the $10,000 grand prize, the winning U-M team will be awarded an automatic bid to the 2008 Moot Corporation Super Bowl of World Business Plan Competition at the University of Texas, where prizes worth over $100,000 will be awarded.
Competing teams in the Spirit of Enterprise Competition also included Indiana University, the University of Wisconsin, and Washington University in St. Louis.
Watch Sherman Powell and Ambra Heard discuss their winning business plan.
Written by Leah Sipher-Mann
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