entrepreneurship

Biz plan competition announces finalists

THE RHODE ISLAND Business Plan Competition has selected six finalists from the 77 applications received for the 2013 competition.
Posted 4/25/13

PROVIDENCE – The Rhode Island Business Plan Competition has chosen six finalists for its 2013 competition, the organization announced Thursday.

The six finalists, who will compete for prizes valued at more than $200,000, were chosen from 77 emerging and would-be entrepreneurs throughout the Ocean State. The overall winner will be awarded $45,000 in cash plus more than $20,000 in professional services.

To win prizes, applicants must agree to establish or continue operations of their business in Rhode Island.

This year’s finalists have proposed new businesses that span the biotech, consumer, health care, fashion and manufacturing industries, according to a business plan competition release.

Finalists for the “Entrepreneur Track” include:

  • EndoSphere Surgical Inc. – Developing a method to re-position laparoscopic surgical tools to replicate open surgery, providing surgeons with full control, making laparoscopic procedures easier, faster and safer to perform.

  • Haverhill Inc. – Designing fashion-forward fine jewelry for women that is price accessible and easily wearable.

  • TennisHub – Looks to connect tennis players to opportunities to play tennis and process online bookings and payments.

Finalists for the “Student Track” include:

  • Azavy – An online store for 3D printed goods that crowd-sources manufacturing, enabling consumers to buy products designed and 3D printed by users.

  • Fashion-Force – An online business-to-business social community and trade show alternative to cost effectively and efficiently connect and grow a fashion based business.

  • Optitrum – A handheld, non-invasive glucose meter to manage diabetes that utilizes a small saliva sample to determine glucose concentrations in the body almost instantaneously.

Competition winners will be announced on May 14 at The Garage, a half-day event at the R.I. Convention Center, which is hosted by the Greater Providence Chamber of Commerce. All business plan competition events are free and open to the public, but registration is requested. Interested parties can register at www.ri-bizplan.com.

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