FileSix teams have advanced to the final round of the Shocker New Venture Competition, presented by Wichita State University's Center for Entrepreneurship.
The competition serves as an opportunity for Kansas college students of all majors to take key steps in developing and launching a successful business venture.
The final round will take place from 11:30 a.m.-4 p.m. Friday, May 1, in Devlin Hall, Room 107, on Wichita State's main campus. An award ceremony will follow, with winners announced at 5 p.m.
Parking for the event is located on the northwest corner of 21st Street and Yale. Final presentations and the award ceremony are open to the public.
The six teams advancing to the finals are:
- Deployable Drones
- Good Flight LLC
- MediPaq
- Mid-America Engineers
- Mobile HealthLink
- Rabbit Method Technologies
Intent to compete forms were submitted by 77 teams, with more than 120 participants from across the state, prior to the Feb. 27 deadline. Those teams then submitted a synopsis of their business concept in a two-page summary on March 6.
Judges selected concepts from 32 teams to advance to the 10-page screening round of the competition. From those 32 teams, 16 New Venture teams were selected to advance to the trade show round.
Selection for the trade show was based on the concept’s market viability, its stage of development and financial projections.
The trade show, held April 24 at Koch Arena, gave teams the chance to pitch their new venture to about 150 judges. These judges were given $10,000 in “Shocker Dollars” to invest in teams they believed to have the best chance of succeeding in the marketplace.
Sponsors for this year’s Shocker New Venture Competition include 360ideas, Cox Business, Delta Dental of Kansas, Foulston Siefkin LLP, Intrust Bank, Jabara Ventures, KWCH Interactive, Lou and Terry Heldman, Mitchell Richards, NetWork Kansas, Riverside Health Foundation, Scholfield Honda and Wesley Medical Center.
To learn more about the competition go to www.wichita.edu/SNVC.