SlideShare a Scribd company logo
RICH MCCARTY RETIRING
Rich McCarty, a decorated US Marine, faculty member and
entrepreneur, retired from teaching full-time from JPEC
in May. Many students had the opportunity to take a class
from Rich, or counsel with him about an entrepreneurial
challenge. For more than a decade, Rich inspired students
to believe they could run their own business saying, “If I
can do it, you can too, and I am the one to help you get
where you are going.” Everyone at JPEC will miss seeing
Rich and sharing a funny story. While Las Vegas is now
home to Rich, lucky students will still be able to connect
online for class with the 2013-2014 Tippie College of
Business, Edith Ennis Award winning faculty, Rich McCarty.
ZAC VOSS: DES MOINES REGISTER
14 PEOPLE TO WATCH IN 2014
Transforming Grays Lake and
Water Works Parks, 1,500 acres
connected to downtown Des
Moines is a major undertaking,
and Zac wants to create one of the
best parks in the country. “I spend
a lot of time in parks as a father of two children. As I child,
I spent time on the bike trails with my Dad, so when I heard
about the transformational plans for Water Works Park,
I got excited and involved,” said Zac Voss (Finance, ’00, JPEC
Alumni Board, and President of Water Works Foundation).
“This project will transform a �lood plain into a park and
preserve while educating people about clean water (water
now provided to half a million residents). There are a lot of
parks in �lood plains, and this project could help people all
over the state of Iowa,” he said. To read about the plan visit:
http://waterworkscircuit.com/process/
The Merle Volding Business Model
Competition attracted UI graduate and
undergraduate teams who presented their
business plans to a panel of judges for a
chance at $22,500 in total seed grants.
Judges awarded 10 companies based on
the content of their plan, viability of their
plan, and intent to pursue. The top winning
businesses included $5,000 prize winner, Real
Property Intelligence; $3,000 prize winner,
SLEAK Sheath; and $2,500 winner, Edible
Innovations. These three companies were
also selected to advance to the Pappajohn
New Venture Business Plan Competition,
where Edible Innovations and Real Property
Intelligence earned an additional $5,000 as
winners of the statewide competition.
Last year, Merle
Volding was
one of 30 WWII
veterans taken to
Washington D.C.
through the Rocky
Mountain Honor
Flight organization. Volding is a retired JPEC
Advisory Board Member and the Founder of
BancTec Inc.
VOLDINGBUSINESSMODEL
COMPETITIONWINNERS
MERLEVOLDINGHONORFLIGHT
eVENTURINGSUMMER 2014
BUSINESS MODEL COMPETITION
The Business Model Competition (BMC) is based on a new
way of thinking about the entrepreneurship process. This
competition allows participants to identify and test their
business assumptions early in order to make changes to their
ideas so that the end result is fail-proof. Participants provided
a brief overview of their startup’s story from the initial idea to
thecurrentstageofthestartup.TheUIBMCisanofficialqualifier
for the International BMC. This year Iowa Adaptive Technologies
won an additional $5,000 and advanced to the semi-final round
at the IBMC hosted at BYU in May.
BUSINESSMODELCOMPETITIONWINNERS
1stPlace:$11,000each
•pxAlpha(BlakeDirksen,UIFaculty;RyanFlynn,UIFaculty)
•SystemsPrognostic,LLC(BruceAyati,UIFaculty)
2ndPlace:$8,500each
•IowaAdaptiveTechnologies:(BenBerkowitz,UIGraduate;RichardHurtig,
UIFaculty)
3rdPlace:$5,000each
•Blo2dWorks:(SamanthaMiller,UIGraduate;EricDinges,UIUndergraduate;
EllenGardner,UIUndergraduate;KevinJohnson,UIUndergraduate;
ElizabethWinter,UIUndergraduate)
4thPlace:$3,500each
•Translacare:(RyanRies,UIUndergraduate)
•Imblim:(AnnaBruno,UIGraduate)
•OkaraFoodCompany:(HannahJohnson,UIUndergraduate;MattMesaros,
UIUndergraduate;JoshuaDraves-Kellerman,UIUndergraduate;Jake
Gratzon,UIUndergraduate)
•SafePlace:(KelseySmithart,UIGraduate;LaurenAguilar,UIUndergraduate)
•WidespreadThreads:(JeridSchumacher,UIUndergraduate;TaylorGrote,
UIUndergraduate)
5thPlace:$2,500each
•RealPropertyIntelligence:(JohnNicholson,UIGraduate)
•Syruption:(CarterYerkes,UIUndergraduate;NoahKirschbaum,
UIUndergraduate;TylerLubbs,UIUndergraduate)
•BoomerNetwork:(ArabellaFranze-Soeln,UIUndergraduate;Maximilian
Franze-Soeln,UIUndergraduate)
•EdibleInnovations:(RuihaoMin,UIUndergraduate)
6thPlace:$1,000each
•Spectator:(JonMyers,UIUndergraduate;JDMcCollough,UIUndergraduate;
BrandonKeifer,UIUndergraduate)
•LaunchServices:(GeraldRedlinger,UIUndergraduate;LukeHaverkamp,
UIUndergraduate)
•BoomerNetwork:(ArabellaFranze-Soeln,UIUndergraduate;Maximilian
Franze-Soeln,UIUndergraduate)
•EdibleInnovations:(RuihaoMin,UIUndergraduate)
“The hub of all excitement is clearly
the University of Iowa,” Bob Dorf,
co-author of The Startup Owner’s
Manual, stated in his blog after
spendingthreedaysonthe UIcampus
last month. Over 300 students,
faculty, staff, and alumni listened to
Dorf share his entrepreneurial story
during his keynote presentation
at the University’s second annual
Hawkeye Innovation Summit. His talk
primarilycenteredontheimportance
of the customer discovery method
for startups, which he and co-author,
Steve Blank, cover extensively in their
book. He also spoke on how passion
is the key to success, and while
failure often occurs, entrepreneurs
gain valuable experience from those
failures that get them even closer to
actualizing their dreams.
In addition to the Summit, Dorf led
two LeanLaunchPad workshops
while he was here; one directed
towards educators and the other
towards corporations. Both
workshops covered the essentials of
the business model canvas and went
in-depth on the customer discovery
methodology. Educators learned how
they could apply these concepts in
their classrooms, while corporate
leaders learned how they could inject
these methods into their workplace
to better encourage an innovative
environment.
ENTREPRENEURIAL ECOSYSTEM - UI JPEC
THREE DAY STARTUP
Thirty-�ive entrepreneurial students were selected to participate with an
all-star group of mentors in the �irst 3-Day Startup (3DS) held in Iowa City,
May 2-4. The goal: To develop a new venture that would “truly solve a real
customer’s need or make something customers want,” according to Maia
Donohue, program manager at 3DS complete with feedback from customers
and stakeholders.
Seven teams were formed to work on the top voted business ideas, primarily
focusing on customer discovery and product development. They tweaked their
plans to �it an actual market need using valuable skills like communication,
negotiation and pivoting. On Sunday, they presented their �inal pitches to
a distinguished panel of UI alums, faculty and investors for a chance at $2,000
in total cash prizes.
The seven teams to watch for in the future are: Blue Cheese; Boomer Network;
CareerKarma; Catheter; PartnerUp; Slingshot; SocialPulse; and Speech Boss.
FALL QUICK PITCH BIZ COMPETITION WINNER KAYLA KEARNS
Clear Lake High School senior, Kayla Kearns, won �irst place and $1,500 in
the Jacobson Institute for Youth Entrepreneurship’s
Fall Quick Pitch Biz Competition. Featured in the
Mason City Globe Gazette, Kayla’s inventions include
an all-aluminum egress window and a laser pool
cue attachment guaranteed to improve your stroke.
High school students can compete using a new or
existing business, invention or innovation.
BELL BIZ FAIR
The Bell Biz Fair, on May 9, focused on engaging students who had their own startup idea. People who
attended the fair gave the most promising startups in their opinion “JPEC Cash” and the winner was
decided by how much cash they received by the end of the night. The first place winner of $3,500 was
Edible Innovations (BlueCheese) led by a team of two UI undergraduates, Ruihao Min and Ming Jiany.
FORMER BELL COMPANY 10 YEAR ANNIVERSARY
It seems like only yesterday that Bio::Neos was a student business located in JPEC’s
Bedell Entrepreneurship Learning Laboratory — actually it was 2004. “Ten years
went by quickly, yet I feel like we are just getting started,” said Steve Davis, President
and founding member of Bio::Neos, a bioinformatics software company.
Over the years, Bio::Neos has grown from a student �irm in the business incubator,
to the UI’s Technology Innovation Center, and now as a thriving technology company
at the UI’s BioVentures Center. The company continues to work with a variety of
clients throughout the nation and handle a highly variable workload in part with an
extended network of subcontractors that they have developed.
VENTURE SCHOOL- IMPACTING STUDENTS ON CAMPUS AND BEYOND
JulianValenciaandErikAshbycameintotheUniversityofIowa’sVentureSchoollastfall
with an idea and a lot of enthusiasm. As full-time MBA students, they were exposed to
casestudiesandinnovativebusinessstrategies.VentureSchoolprovidedanopportunity
to put this knowledge to work while building and testing their own business concept.
As part of Venture School’s eight week program, Valencia and Ashby were assigned a
mentorandaskedtotalkwith100potentialcustomersabouttheirbigidea.Duringthis
“customer discovery,” they focused on different aspects of the business model canvas,
such as their value proposition, revenue models and addressable market size. Each
week, Valencia and Ashby pitched their discoveries in class and received constructive
feedback from instructors, mentors and their peers. In the end, Valencia and Ashby
learned they needed to pivot from their original vision to have a more viable business.
Ashby commented, “Venture School gave me a chance to put what I’ve learned into
practice, while getting feedback from a team of instructors and mentors whom had a
variety of expertise and experiences.”
Venture school will be coming to Des Moines in September, and over the next
year, the UI will partner with community colleges and other organizations to
take this exciting new program across the state. For more information, visit
www.iowajpec.org/venture-school.

More Related Content

Viewers also liked

Ebook Conviertete en Blogger Superhéroe
Ebook Conviertete en Blogger SuperhéroeEbook Conviertete en Blogger Superhéroe
Ebook Conviertete en Blogger Superhéroe
Lluís Clopés
 
It essential
It essentialIt essential
It essential
Jorge Giraldo
 
ReSoft Buyers Guide
ReSoft Buyers GuideReSoft Buyers Guide
ReSoft Buyers Guide
ReSoft International LLC
 
Catalogo Cases Pelican
Catalogo Cases  PelicanCatalogo Cases  Pelican
Catalogo Cases Pelican
FerreHogar
 
Agenda dones barcelona primera quinzena - setembre de 2016
Agenda dones barcelona   primera quinzena - setembre de 2016Agenda dones barcelona   primera quinzena - setembre de 2016
Agenda dones barcelona primera quinzena - setembre de 2016
Dones en Xarxa
 
Concession Stand Manual (Original)
Concession Stand Manual (Original)Concession Stand Manual (Original)
Concession Stand Manual (Original)
Richard Bogdan
 
Uame límites escuela para padres_circe 23ene coyo
Uame límites escuela para padres_circe 23ene coyoUame límites escuela para padres_circe 23ene coyo
Uame límites escuela para padres_circe 23ene coyo
aalcalar
 
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
e-teaching.org
 
De coninck savina werkdocument 1 batp ab
De coninck savina werkdocument 1 batp abDe coninck savina werkdocument 1 batp ab
De coninck savina werkdocument 1 batp ab
Savina Coninck
 
Informe carta de futuro para una ciudad accesible
Informe carta de futuro para una ciudad accesibleInforme carta de futuro para una ciudad accesible
Informe carta de futuro para una ciudad accesible
miciudadreal
 
conflicto arabe israeli
conflicto arabe israeliconflicto arabe israeli
conflicto arabe israeli
SED colegio Acacia II EID
 
Python tutorial
Python tutorialPython tutorial
Python tutorial
Shani729
 
iRidium 3.0 for KNX
iRidium 3.0 for KNXiRidium 3.0 for KNX
iRidium 3.0 for KNX
iRidiumMobile365
 
Acciones FSI 2014
Acciones FSI 2014Acciones FSI 2014
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
Colombia52132428
 
Manual de Buenas Prácticas Ambientales. Tapia
Manual de Buenas Prácticas Ambientales. TapiaManual de Buenas Prácticas Ambientales. Tapia
Manual de Buenas Prácticas Ambientales. Tapia
Formastur
 

Viewers also liked (16)

Ebook Conviertete en Blogger Superhéroe
Ebook Conviertete en Blogger SuperhéroeEbook Conviertete en Blogger Superhéroe
Ebook Conviertete en Blogger Superhéroe
 
It essential
It essentialIt essential
It essential
 
ReSoft Buyers Guide
ReSoft Buyers GuideReSoft Buyers Guide
ReSoft Buyers Guide
 
Catalogo Cases Pelican
Catalogo Cases  PelicanCatalogo Cases  Pelican
Catalogo Cases Pelican
 
Agenda dones barcelona primera quinzena - setembre de 2016
Agenda dones barcelona   primera quinzena - setembre de 2016Agenda dones barcelona   primera quinzena - setembre de 2016
Agenda dones barcelona primera quinzena - setembre de 2016
 
Concession Stand Manual (Original)
Concession Stand Manual (Original)Concession Stand Manual (Original)
Concession Stand Manual (Original)
 
Uame límites escuela para padres_circe 23ene coyo
Uame límites escuela para padres_circe 23ene coyoUame límites escuela para padres_circe 23ene coyo
Uame límites escuela para padres_circe 23ene coyo
 
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
Intern oder weltweit – Distributionskonzepte für Lehrvideos (Slides Elvira Sc...
 
De coninck savina werkdocument 1 batp ab
De coninck savina werkdocument 1 batp abDe coninck savina werkdocument 1 batp ab
De coninck savina werkdocument 1 batp ab
 
Informe carta de futuro para una ciudad accesible
Informe carta de futuro para una ciudad accesibleInforme carta de futuro para una ciudad accesible
Informe carta de futuro para una ciudad accesible
 
conflicto arabe israeli
conflicto arabe israeliconflicto arabe israeli
conflicto arabe israeli
 
Python tutorial
Python tutorialPython tutorial
Python tutorial
 
iRidium 3.0 for KNX
iRidium 3.0 for KNXiRidium 3.0 for KNX
iRidium 3.0 for KNX
 
Acciones FSI 2014
Acciones FSI 2014Acciones FSI 2014
Acciones FSI 2014
 
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
¿QUÉ ES UN WEBLOG Y PARA QUÉ SIRVE?
 
Manual de Buenas Prácticas Ambientales. Tapia
Manual de Buenas Prácticas Ambientales. TapiaManual de Buenas Prácticas Ambientales. Tapia
Manual de Buenas Prácticas Ambientales. Tapia
 

Similar to JPEC Newsletter-SUMMER2014-Print-071014

Founders Academy Information Package
Founders Academy Information PackageFounders Academy Information Package
Founders Academy Information Package
Frank E Pobutkiewicz
 
JPEC Annual Report 2015 FINAL-LR
JPEC Annual Report 2015 FINAL-LRJPEC Annual Report 2015 FINAL-LR
JPEC Annual Report 2015 FINAL-LR
Amy Jo Reimer-Myers
 
Emirates NBD's 2016 Q2 CSR Newsletter
Emirates NBD's 2016 Q2 CSR NewsletterEmirates NBD's 2016 Q2 CSR Newsletter
Emirates NBD's 2016 Q2 CSR Newsletter
Erin Langs
 
CampAssist - FYP
CampAssist - FYP CampAssist - FYP
CampAssist - FYP
Zain Reza
 
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial ActivityToo Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
Cleveland-Marshall College of Law
 
Finalists prep ideas for business contests
Finalists prep ideas for business contestsFinalists prep ideas for business contests
Finalists prep ideas for business contests
tenderboyfriend96
 
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
cravencomedian148
 
Persuasive 500 Essay
Persuasive 500 EssayPersuasive 500 Essay
Persuasive 500 Essay
Amber Moore
 
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIOOHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
Michelle Ferrier
 
Hatch Year End Report 2014-15
Hatch Year End Report 2014-15Hatch Year End Report 2014-15
Hatch Year End Report 2014-15
Fahd Alhattab
 
LaunchLeader_UniversityWhitePaper
LaunchLeader_UniversityWhitePaperLaunchLeader_UniversityWhitePaper
LaunchLeader_UniversityWhitePaper
Mandy Marksteiner
 
Internship Spotlight Series: Start-Ups and Entrepreneurship Programs
Internship Spotlight Series: Start-Ups and Entrepreneurship ProgramsInternship Spotlight Series: Start-Ups and Entrepreneurship Programs
Internship Spotlight Series: Start-Ups and Entrepreneurship Programs
Duke University Career Center
 
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
Phil302
 
MBI in the News_LMU BEC_May2004
MBI in the News_LMU BEC_May2004MBI in the News_LMU BEC_May2004
MBI in the News_LMU BEC_May2004
Julia Zick
 
Hold Hands Chicago Executive Summary
Hold Hands Chicago Executive SummaryHold Hands Chicago Executive Summary
Hold Hands Chicago Executive Summary
Scott Taback
 
docview.aspx
docview.aspxdocview.aspx
docview.aspx
Disha Gupta
 
5 Benefits of Digital Literacy
5 Benefits of Digital Literacy5 Benefits of Digital Literacy
5 Benefits of Digital Literacy
Courtney Miller
 
Summit yir for networking time
Summit yir for networking timeSummit yir for networking time
Summit yir for networking time
Gainesville Area Chamber of Commerce
 
RenewableUK_D3_E11
RenewableUK_D3_E11RenewableUK_D3_E11
RenewableUK_D3_E11
Justin Mingaye
 
Coursmos deck
Coursmos deckCoursmos deck
Coursmos deck
Pavel Dmitriev
 

Similar to JPEC Newsletter-SUMMER2014-Print-071014 (20)

Founders Academy Information Package
Founders Academy Information PackageFounders Academy Information Package
Founders Academy Information Package
 
JPEC Annual Report 2015 FINAL-LR
JPEC Annual Report 2015 FINAL-LRJPEC Annual Report 2015 FINAL-LR
JPEC Annual Report 2015 FINAL-LR
 
Emirates NBD's 2016 Q2 CSR Newsletter
Emirates NBD's 2016 Q2 CSR NewsletterEmirates NBD's 2016 Q2 CSR Newsletter
Emirates NBD's 2016 Q2 CSR Newsletter
 
CampAssist - FYP
CampAssist - FYP CampAssist - FYP
CampAssist - FYP
 
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial ActivityToo Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
Too Cool For School- Ideas to Accelerate Urban Regional Entrepreneurial Activity
 
Finalists prep ideas for business contests
Finalists prep ideas for business contestsFinalists prep ideas for business contests
Finalists prep ideas for business contests
 
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
Young Engineers Prove Vehicle Safety is No Yolk in the Smallpeice Trust Egg C...
 
Persuasive 500 Essay
Persuasive 500 EssayPersuasive 500 Essay
Persuasive 500 Essay
 
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIOOHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
OHIO/Scripps College of Communication: Media Entrepreneurship Ecosystem at OHIO
 
Hatch Year End Report 2014-15
Hatch Year End Report 2014-15Hatch Year End Report 2014-15
Hatch Year End Report 2014-15
 
LaunchLeader_UniversityWhitePaper
LaunchLeader_UniversityWhitePaperLaunchLeader_UniversityWhitePaper
LaunchLeader_UniversityWhitePaper
 
Internship Spotlight Series: Start-Ups and Entrepreneurship Programs
Internship Spotlight Series: Start-Ups and Entrepreneurship ProgramsInternship Spotlight Series: Start-Ups and Entrepreneurship Programs
Internship Spotlight Series: Start-Ups and Entrepreneurship Programs
 
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
Coffeemat Challenge and Enterprise - Nick Hall, Business Engagement Manager, ...
 
MBI in the News_LMU BEC_May2004
MBI in the News_LMU BEC_May2004MBI in the News_LMU BEC_May2004
MBI in the News_LMU BEC_May2004
 
Hold Hands Chicago Executive Summary
Hold Hands Chicago Executive SummaryHold Hands Chicago Executive Summary
Hold Hands Chicago Executive Summary
 
docview.aspx
docview.aspxdocview.aspx
docview.aspx
 
5 Benefits of Digital Literacy
5 Benefits of Digital Literacy5 Benefits of Digital Literacy
5 Benefits of Digital Literacy
 
Summit yir for networking time
Summit yir for networking timeSummit yir for networking time
Summit yir for networking time
 
RenewableUK_D3_E11
RenewableUK_D3_E11RenewableUK_D3_E11
RenewableUK_D3_E11
 
Coursmos deck
Coursmos deckCoursmos deck
Coursmos deck
 

JPEC Newsletter-SUMMER2014-Print-071014

  • 1. RICH MCCARTY RETIRING Rich McCarty, a decorated US Marine, faculty member and entrepreneur, retired from teaching full-time from JPEC in May. Many students had the opportunity to take a class from Rich, or counsel with him about an entrepreneurial challenge. For more than a decade, Rich inspired students to believe they could run their own business saying, “If I can do it, you can too, and I am the one to help you get where you are going.” Everyone at JPEC will miss seeing Rich and sharing a funny story. While Las Vegas is now home to Rich, lucky students will still be able to connect online for class with the 2013-2014 Tippie College of Business, Edith Ennis Award winning faculty, Rich McCarty. ZAC VOSS: DES MOINES REGISTER 14 PEOPLE TO WATCH IN 2014 Transforming Grays Lake and Water Works Parks, 1,500 acres connected to downtown Des Moines is a major undertaking, and Zac wants to create one of the best parks in the country. “I spend a lot of time in parks as a father of two children. As I child, I spent time on the bike trails with my Dad, so when I heard about the transformational plans for Water Works Park, I got excited and involved,” said Zac Voss (Finance, ’00, JPEC Alumni Board, and President of Water Works Foundation). “This project will transform a �lood plain into a park and preserve while educating people about clean water (water now provided to half a million residents). There are a lot of parks in �lood plains, and this project could help people all over the state of Iowa,” he said. To read about the plan visit: http://waterworkscircuit.com/process/ The Merle Volding Business Model Competition attracted UI graduate and undergraduate teams who presented their business plans to a panel of judges for a chance at $22,500 in total seed grants. Judges awarded 10 companies based on the content of their plan, viability of their plan, and intent to pursue. The top winning businesses included $5,000 prize winner, Real Property Intelligence; $3,000 prize winner, SLEAK Sheath; and $2,500 winner, Edible Innovations. These three companies were also selected to advance to the Pappajohn New Venture Business Plan Competition, where Edible Innovations and Real Property Intelligence earned an additional $5,000 as winners of the statewide competition. Last year, Merle Volding was one of 30 WWII veterans taken to Washington D.C. through the Rocky Mountain Honor Flight organization. Volding is a retired JPEC Advisory Board Member and the Founder of BancTec Inc. VOLDINGBUSINESSMODEL COMPETITIONWINNERS MERLEVOLDINGHONORFLIGHT eVENTURINGSUMMER 2014 BUSINESS MODEL COMPETITION The Business Model Competition (BMC) is based on a new way of thinking about the entrepreneurship process. This competition allows participants to identify and test their business assumptions early in order to make changes to their ideas so that the end result is fail-proof. Participants provided a brief overview of their startup’s story from the initial idea to thecurrentstageofthestartup.TheUIBMCisanofficialqualifier for the International BMC. This year Iowa Adaptive Technologies won an additional $5,000 and advanced to the semi-final round at the IBMC hosted at BYU in May. BUSINESSMODELCOMPETITIONWINNERS 1stPlace:$11,000each •pxAlpha(BlakeDirksen,UIFaculty;RyanFlynn,UIFaculty) •SystemsPrognostic,LLC(BruceAyati,UIFaculty) 2ndPlace:$8,500each •IowaAdaptiveTechnologies:(BenBerkowitz,UIGraduate;RichardHurtig, UIFaculty) 3rdPlace:$5,000each •Blo2dWorks:(SamanthaMiller,UIGraduate;EricDinges,UIUndergraduate; EllenGardner,UIUndergraduate;KevinJohnson,UIUndergraduate; ElizabethWinter,UIUndergraduate) 4thPlace:$3,500each •Translacare:(RyanRies,UIUndergraduate) •Imblim:(AnnaBruno,UIGraduate) •OkaraFoodCompany:(HannahJohnson,UIUndergraduate;MattMesaros, UIUndergraduate;JoshuaDraves-Kellerman,UIUndergraduate;Jake Gratzon,UIUndergraduate) •SafePlace:(KelseySmithart,UIGraduate;LaurenAguilar,UIUndergraduate) •WidespreadThreads:(JeridSchumacher,UIUndergraduate;TaylorGrote, UIUndergraduate) 5thPlace:$2,500each •RealPropertyIntelligence:(JohnNicholson,UIGraduate) •Syruption:(CarterYerkes,UIUndergraduate;NoahKirschbaum, UIUndergraduate;TylerLubbs,UIUndergraduate) •BoomerNetwork:(ArabellaFranze-Soeln,UIUndergraduate;Maximilian Franze-Soeln,UIUndergraduate) •EdibleInnovations:(RuihaoMin,UIUndergraduate) 6thPlace:$1,000each •Spectator:(JonMyers,UIUndergraduate;JDMcCollough,UIUndergraduate; BrandonKeifer,UIUndergraduate) •LaunchServices:(GeraldRedlinger,UIUndergraduate;LukeHaverkamp, UIUndergraduate) •BoomerNetwork:(ArabellaFranze-Soeln,UIUndergraduate;Maximilian Franze-Soeln,UIUndergraduate) •EdibleInnovations:(RuihaoMin,UIUndergraduate) “The hub of all excitement is clearly the University of Iowa,” Bob Dorf, co-author of The Startup Owner’s Manual, stated in his blog after spendingthreedaysonthe UIcampus last month. Over 300 students, faculty, staff, and alumni listened to Dorf share his entrepreneurial story during his keynote presentation at the University’s second annual Hawkeye Innovation Summit. His talk primarilycenteredontheimportance of the customer discovery method for startups, which he and co-author, Steve Blank, cover extensively in their book. He also spoke on how passion is the key to success, and while failure often occurs, entrepreneurs gain valuable experience from those failures that get them even closer to actualizing their dreams. In addition to the Summit, Dorf led two LeanLaunchPad workshops while he was here; one directed towards educators and the other towards corporations. Both workshops covered the essentials of the business model canvas and went in-depth on the customer discovery methodology. Educators learned how they could apply these concepts in their classrooms, while corporate leaders learned how they could inject these methods into their workplace to better encourage an innovative environment. ENTREPRENEURIAL ECOSYSTEM - UI JPEC
  • 2. THREE DAY STARTUP Thirty-�ive entrepreneurial students were selected to participate with an all-star group of mentors in the �irst 3-Day Startup (3DS) held in Iowa City, May 2-4. The goal: To develop a new venture that would “truly solve a real customer’s need or make something customers want,” according to Maia Donohue, program manager at 3DS complete with feedback from customers and stakeholders. Seven teams were formed to work on the top voted business ideas, primarily focusing on customer discovery and product development. They tweaked their plans to �it an actual market need using valuable skills like communication, negotiation and pivoting. On Sunday, they presented their �inal pitches to a distinguished panel of UI alums, faculty and investors for a chance at $2,000 in total cash prizes. The seven teams to watch for in the future are: Blue Cheese; Boomer Network; CareerKarma; Catheter; PartnerUp; Slingshot; SocialPulse; and Speech Boss. FALL QUICK PITCH BIZ COMPETITION WINNER KAYLA KEARNS Clear Lake High School senior, Kayla Kearns, won �irst place and $1,500 in the Jacobson Institute for Youth Entrepreneurship’s Fall Quick Pitch Biz Competition. Featured in the Mason City Globe Gazette, Kayla’s inventions include an all-aluminum egress window and a laser pool cue attachment guaranteed to improve your stroke. High school students can compete using a new or existing business, invention or innovation. BELL BIZ FAIR The Bell Biz Fair, on May 9, focused on engaging students who had their own startup idea. People who attended the fair gave the most promising startups in their opinion “JPEC Cash” and the winner was decided by how much cash they received by the end of the night. The first place winner of $3,500 was Edible Innovations (BlueCheese) led by a team of two UI undergraduates, Ruihao Min and Ming Jiany. FORMER BELL COMPANY 10 YEAR ANNIVERSARY It seems like only yesterday that Bio::Neos was a student business located in JPEC’s Bedell Entrepreneurship Learning Laboratory — actually it was 2004. “Ten years went by quickly, yet I feel like we are just getting started,” said Steve Davis, President and founding member of Bio::Neos, a bioinformatics software company. Over the years, Bio::Neos has grown from a student �irm in the business incubator, to the UI’s Technology Innovation Center, and now as a thriving technology company at the UI’s BioVentures Center. The company continues to work with a variety of clients throughout the nation and handle a highly variable workload in part with an extended network of subcontractors that they have developed. VENTURE SCHOOL- IMPACTING STUDENTS ON CAMPUS AND BEYOND JulianValenciaandErikAshbycameintotheUniversityofIowa’sVentureSchoollastfall with an idea and a lot of enthusiasm. As full-time MBA students, they were exposed to casestudiesandinnovativebusinessstrategies.VentureSchoolprovidedanopportunity to put this knowledge to work while building and testing their own business concept. As part of Venture School’s eight week program, Valencia and Ashby were assigned a mentorandaskedtotalkwith100potentialcustomersabouttheirbigidea.Duringthis “customer discovery,” they focused on different aspects of the business model canvas, such as their value proposition, revenue models and addressable market size. Each week, Valencia and Ashby pitched their discoveries in class and received constructive feedback from instructors, mentors and their peers. In the end, Valencia and Ashby learned they needed to pivot from their original vision to have a more viable business. Ashby commented, “Venture School gave me a chance to put what I’ve learned into practice, while getting feedback from a team of instructors and mentors whom had a variety of expertise and experiences.” Venture school will be coming to Des Moines in September, and over the next year, the UI will partner with community colleges and other organizations to take this exciting new program across the state. For more information, visit www.iowajpec.org/venture-school.