The Tulane Entrepreneurs Association (TEA) has announced eight semifinalists for the group’s newly revamped Tulane Business Model Competition
The 2014 competition by the Tulane Entrepreneurs Association will award $35,000 to startup ventures with consumer-tested business ideas. (Photo by Cheryl Gerber)
This year’s contest was redesigned to better reward the practical aspects of what make startups successful — the ability to rapidly adapt to customers’ needs. It offers a $25,000 grand prize and $10,000 for the runner-up.
“From food carts and hospitality ventures to educational technology and biomedical devices, our eight finalists truly represent a cross-section of the New Orleans startup scene,” says Ralph Maurer, executive director of the Levy-Rosenblum Institute for Entrepreneurship in the A. B. Freeman School of Business at Tulane.
The semi-finalists are:
a space for college students to fail safely and a platform for supportive learning and exploration.
, a venture that offers customized volunteer and hospitality experiences for customers.
• Fleur de Latkes
, a new food cart and catering business in uptown New Orleans that specializes in a modern take on Jewish cooking.
• InVision Biomedical
, a firm that takes existing innovative procedures and implements novel medical devices.
• Million Dollar Scholar
, an education technology and services venture that provides students with an online platform to learn about the scholarship application process.
, an event management and data analytics company using the latest technology for advertisers and event organizers.
, a firm commercializing a gel patch developed at Tulane called Perf-Fix, for non-surgical repair of chronic tympanic membrane perforations.
• US Fresh Cane
, a sugar cane drink company.
Semifinalists receive $1,000 each and will get to pitch their ideas on Tuesday, March 25, during New Orleans Entrepreneur Week
, the sixth annual showcase event for the local entrepreneurial ecosystem. They also will receive mentoring from and network with a variety of startup experts.
Ultimately, three finalists will present their business models at Tulane on Friday, April 11
. Anyone interested also can follow the Tulane Business Model Competition on Facebook
and on .