University of Tulsa team Composite Damage Solutions took top honors in the graduate high growth division of the 2017 Love’s Entrepreneur’s Cup statewide collegiate business plan competition. Winners were announced during a gala Thursday, April 13, at the Bricktown Events Center in Oklahoma City.
The Love’s Cup simulates the process of creating a business plan and pitching the idea to potential investors. Three TU teams advanced to the presentation round of the competition. TU team Pascal advanced in the high growth undergraduate division, and TU teams CultiVast and Composite Damage Solutions advanced in the high growth graduate division.
TU student Travis McClanahan was awarded $1,000 by IBM for delivering the high growth graduate division winning pitch.
Fifty-eight teams from universities and colleges across Oklahoma submitted business plans for the first round of the competition. Twenty-two teams were selected to compete in the oral presentation rounds on April 6 and 7 in Oklahoma City. The students had 20 minutes to present their business concepts to a panel of local investors, after which they spent 15 minutes answering questions.
Composite Damage Solutions is developing a two-part solution that is injected into composite material to detect damage or cracking. The team is led by MBA student Matthew Faeth and includes Troy Berman and Travis McClanahan, also MBA students. Composite Damage Solutions’ faculty adviser is Michael Keller, associate professor of mechanical engineering. The team was awarded $20,000 for its first place win. Composite Damage Solutions will compete against the top teams from Arkansas, Nevada and Oklahoma at the Donald W. Reynolds Tri-State Award competition May 30-31 in Las Vegas.
The Love’s Cup is managed by technology company i2E Inc. and is underwritten by Love’s Travel Stops & Country Stores and more than two dozen sponsors.