Two TU teams advance to Governor's Cup finals
Tuesday, March 22, 2011
The statewide collegiate business plan competition winners will be announced April 14.
Since 2005, the Donald W. Reynolds Governor’s Cup, a statewide business plan competition, has enabled student teams from colleges and universities in Oklahoma to learn about the entrepreneurial process by creating business plans and presenting the plans to potential investors with the goal of obtaining start-up funding.
Student teams worked hard to develop the competitive business plans that were submitted to i2E in early March 2011 for judging. Approximately 22 undergraduate plans and 16 graduate plans were submitted. Three graduate plans and one undergraduate plan from TU teams were submitted.
It was recently announced that two TU teams will advance to the next round of the competition, which will include oral presentations on April 8-9. More than $120,000 in cash, scholarships and awards is at stake.
IASO (graduate competition)
Faculty Advisor: Michelle Witt
Team Leader: Stephen Fain
Team Members: Ryan Eslicker, Nathan Garrett
IASO has developed “SPI Gel,” an environmentally friendly, silica-based enhanced oil recovery system that seals off inefficient reservoir zones, allowing more trapped oil to be recovered. Well operators that use SPI Gel can expect up to a 50 percent increase in daily oil recovery and decreased expenses. IASO’s mission is to provide oil recovery systems that allow operators to conveniently “get more oil” while being safe for personnel and the environment.
Suavis Communications (undergraduate competition)
Faculty Advisor: John Hale
Team Leader: Ahmed El-Kishky
Team Members: Andrew Brooks, Dylan Morrow, Stephen Macke
Suavis Communications has created a revolutionary replacement technology for the virtually obsolete and costly landline telephone. The “netphone” developed by the company will fill the niche left by disappearing landlines, providing consumers with all the capabilities of current landline communication in addition to new features such as text messaging, video communications, multiple business/household connections, filtering and social network integration. With only a one-time cost for purchasing the netphone equipment, the voice-over-Internet-Protocol-based service would be cheaper than current landline technology.