By Tim Newton
Winning team members (from left) Garth Patterson, John
Scott and Dennis Barket Jr. of Griffitn Analytical Technologies
stand next to an existing-technology chemical detector.
Griffin has developed a miniaturized, shoebox-sized spectrometer.
Team member Enrique vasquez is not present.
ANALYTICAL TECHNOLOGIES, a student based team out of
Krannert's Technology Transfer initiative won first place
and $20,000 at the 14th annual Burton Morgan Entrepreneurial
Competition last March. The competition allows
high-tech, entrepreneurial Purdue students to showcase
their concepts, inventions, and business marketing skills.
prize money rose from $30,000 last year to $54,000
in 2001, the "largest amount of prize money of
any university business plan contest in the world," says
Shailendra Mehta, director of the Krannert School Entrepreneurship
Initiative. The number of participants has also steadily
increased. Forty-three teams, totaling 220 people,
participated this year. In addition to the prize
money, the top projects get reduced-price office space
in the Purdue Research Park and access to consultants
and other resources to help get the fledgling enterprises
off the ground.
top teams were:
Place/$20,000- Griffin Analytical Technologies,
for its miniaturized mass chemical detector. The
instrument allows scientists in many fields to identify
substances by measuring the mass of molecules or fragments. Griffin's
founders are chemistry graduate students Dennis J.
Barket, Jr. and Garth Peterson. Strategic and
operations consultants are John Scott, MBA '01, and
Enrique Vasquez, MBA '01, who were research assistants
also recently won $10,000 in a business-plan competition
sponsored by the University of Nebraska and also won
first place in the CEO! Best Business Idea Competition
from the Institute of Entrepreneurial Studies at the
University of Illinois Chicago. The prize was $5,000.
Place/$10,000- MECORDS.com, for its software that
provides online medical records and billing services
to hospitals and other healthcare facilities. MECORDS.com's
president is Kintan Brahmbhatt, a Purdue computer science
and economics graduate. Gabriel Chaddock, a Purdue
bachelor's degree graduate in computer engineering,
is the company's chief technology officer. MECORDS.com
also took the $4,000 prize for being the best undergraduate
entry, a new addition this year.
Place/$7,000- Verifocal Systems, for its PassageWays,
a business Web portal management system. Paroon
Chadha, MBA '02 is the company's chief marketing officer. Prof.
Patrick Duparcq, marketing, is a partner.
Place/$6,000- Flexbook, an e-book with a folding
design and a screen that is an improvement over existing
models. Principals are Tze Yi Yeoh, a graduate student
in the school of Electrical and Computer, Engineering;
Ram Shastri, a Purdue master's degree graduate in aeronautical
engineering; and John Kibitlewski, a computer science
remaining $2,000 in prize money was distributed to 20
year's judges were Jim Anderson, Foundation Capital,
Menlo Park, Calif.; Don Aquilano, Gazelle Tech Ventures,
Indianapolis; Bob Compton, Veregon, Indianapolis; Chris
Quinn, Netfuel Ventures, Chicago; Scot Swenberg, CID
Equity, Indianapolis; and Tom Weldon, Innovation Factory,
competition is sponsored by Purdue alumnus and entrepreneur
Burton D. Morgan, the Krannert School of Management,
the Purdue Schools of Engineering and the School of Science.
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