SFI Systems wins business plan competition
A startup company that designs and distributes software for creating, managing, and controlling entertainment lighting won the top $25,000 prize in November’s second annual Opportunity for Indiana Business Plan Competition.
SFI Systems, which is located in Purdue Research Park, also won $5,000 in business services. CEO Michael Dwan says the company will use the prize money for “paychecks and growth. We’ve got four people to hire.”
Sponsored by the Lilly Endowment, the Burton D. Morgan Center for Entrepreneurship, and Purdue Research Park, the competition was open to Indiana businesses that want to expand, as well as to entrants from outside Indiana that plan to locate within the state.
“The entrants’ business plans this year took a step up in sophistication and vision,” says Don Blewett, associate director of the Burton D. Morgan Center. “This competition shows that if you give people the tools and the opportunity, they will set a high standard.”
In addition to the West Lafayette competition, there were also competitions at Indiana University-Purdue University Fort Wayne in November and at Purdue North Central in December.