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4th Annual Great Lakes Entrepreneur's Quest
  Great Lakes Entrepreneurs Quest
 

Zell Lurie Students and Alumni Place High in Business Plan Competition

1/25/2005 --

Three teams are recognized for entrepreneurial excellence with high-growth business models.

ANN ARBOR, Mich. – Three teams of students and alumni from the Samuel Zell & Robert H. Lurie Institute for Entrepreneurial Studies at the Stephen M. Ross School of Business at the University of Michigan won top honors at the 4th Annual Great Lakes Entrepreneur's Quest (GLEQ) business plan competition Jan. 11 in East Lansing, Mich.

Participants competed in one of two business plan paths, New Business Ideas or Emerging Companies, in an effort to win seed capital and valuable resources such as legal, accounting and consulting services.

Zell Lurie Institute winners include:

First Place in New Business Idea Division (East region): Style High ($2,500, plus in-kind services)
Customized apparel for secondary school markets.

Third Place in New Business Idea Division (East region): B.A. Maze Inc. ($1,000, plus in-kind services)
Creative and simple-to-use products for the elderly, such as an all-in-one opener.

Second Place in Emerging Company Division: Pixel Velocity ($3,000, plus in-kind services)
Real-time 3D biometric camera that is 1,000 times more accurate than 2-D.

During the spring, teams in the Emerging Company division will develop and submit a 20-page business plan and compete for the GLEQ Grand Prize. New or existing teams in the New Business Idea division will develop and submit a five-page executive summary. Winners from both categories will be announced in June.

GLEQ sponsors include the Zell Lurie Institute, Michigan Economic Development Corp, Michigan State University, Wayne State University, Esperion Therapeutics, Apjohn Group and Southwest Michigan First.

Founded in 2000, the GLEQ is a nonprofit program that encourages and educates entrepreneurs on the creation, start up and early-growth stages of high-growth businesses in Michigan.

The Zell Lurie Institute was formed in 1999 with a mission to focus the capabilities and resources of the Ross School of Business to provide education, experience and opportunities in entrepreneurship; serve as a catalyst for new venture development; and contribute important research in the field of entrepreneurship.

For more information, please visit http://www.zli.bus.umich.edu/ or http://www.gleq.org.



For more information, contact:
Bernie DeGroat
Phone: (734) 936-1015 or 647-1847
Email: bernied@umich.edu