The University of Louisville Alumni Magazine: for alumni, faculty, staff, students and anyone that is a UofL Cardinal fan.
Issue link: https://louisville.epubxp.com/i/43017
Highlights Student Spotlight Entrepreneurship MBA Scholars Entrepreneur MBAs win 'Super Bowl' of business competitions Capping an unprecedented string of competi- tion victories by the College of Business, TNG Pharmaceuticals, a new business developed by Entrepreneurship MBA students Jenny Corbin, Larry Horn, Max Brudner, Cory Long and Terry Tate, won the 2011 Global Championship at the Venture Labs Investment Competition (VLIC), the "Super Bowl" of business plan competitions. "It's an extraordinary achievement — a once-in-a-lifetime accomplishment," said Van G. H. Clouse, PhD, associate professor of management, Cobb Family Professor of Entrepreneurship and director of the Forcht Center. "What these students have done is truly remarkable, for their futures, our pro- gram, this university and our community." The company's product is FlyVax, a patented vaccine designed to neutralize parasitic horn fl ies, an agricultural pest that causes cattle farmers more than $1 billion a year in losses due to lower beef and milk production. The company is licensing the formula from Auburn University research scientists who fi rst developed the vaccine. TNG's grand-prize win at VLIC — generally regarded as the most prestigious competition of its kind in the world — was the fi rst for a UofL team. VLIC featured 40 breakthrough concepts developed by the fi nest entrepreneurship programs in the world, including Georgia Tech, Johns Hopkins, Sasin Graduate Institute (Thailand), Norwegian University of Science, University of Manitoba and Centro Global de Innovation. In addition to winning the grand prize, the team also earned honors for Outstanding Written Plan and Outstanding Presentation within its division. Valued at $135,000, their prize was a combination of cash, consulting and mentoring services, national advertising and a celebratory visit to ring the opening bell at the NASDAQ OMX Stock Market on June 3. Team advisors are Clouse and Entrepreneur- in-Residence Suzanne Bergmeister. 34|LOUISVILLE.EDU