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UO Business: The Magazine, Summer 2017

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Page 14 of 35

S E C T I O N L UNDQU I S T C OL L E GE OF BUS I NE S S 15 S T U D E N T S The winner of the Lundquist College's 2017 New Venture Championship was Intelligent Flying Machines from Northwestern University. In addition to winning the coveted Reinmuth Cup, the team received $20,000 to launch their venture. Intelligent Flying Machines is a data analytics company that uses machine learning, computer vision, and robotics to automate indoor data capture. MITO Material Solutions from Oklahoma State University placed second and received $10,000 for their endeavor. MITO Material Solutions sells adhesive epoxy additives, which allow manufacturers to double the durability or significantly decrease the weight of composite materials used in the aerospace, recreation, and automotive industries. In addition to the grand prizes, Integrated Extraction from the University of Michigan and Surface Mod from the University of Arkansas each received $2,500 as finalist runners up. Previously for graduate students only, this year the weekend-long competition, April 13–15, included undergraduate and high school students for the first time in its history. After taking part in a similar statewide competition, GobTech from Oregon State University took home the Undergraduate Business Concept Award and $1,500. University of Oregon team LittMitt—whose LED "Throw Your O" gloves were selected for the Duck Store's Oregon Incubator Program—came in second. Also joining NVC for the first time were the finalists from the Young Entrepreneurs Business Week (YEBW) competition. YEBW is a summer program for high school entrepreneurs that culminates in a pitchfest. Of the three finalists, Kaheawai Kaonohi won the High School All-Stars Scholarship Award and was awarded $1,500 toward a University of Oregon or Oregon State University scholarship. Kaonohi, who conceived and debuted his business plan during the summer between his senior year of high school and freshman year of college, is now a Lundquist College pre-business student and vice president of the University of Oregon Entrepreneurship Club. BIGGER THAN EVER

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