Rady School Students Shine at UC San Diego Entrepreneur Challenge

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In early June 2013, Rady School of Management MBA student Christopher Shively (MBA '14) and the team from Lumawake placed second in the UC San Diego Entrepreneur Challenge's Innovation/Tech Business Plan Finals, winning a cash prize of $10,000 and legal and tax services worth over $10,000.

The Business Plan Finals is the culminating event for the Entrepreneur Challenge. The event showcased the very best business presentations from across UC San Diego and Torrey Pines research institutes. This year, there were two separate, mutually-exclusive Business Plan Finals on two different nights — one for Biotech/Medtech and another for Innovation/Tech. Both events were held at the Beyster Auditorium at the Rady School of Management. For each track, four finalists will be given 10 minutes to present their business plan followed by five minutes of Q & A from expert judges. Cash and service prizes were awarded to the top two teams from each track as selected by the judges.

Lumawake is a "smart dock" for the iPhone, using hardware powered by the Lumawake app to track a user's sleep and rouse them at the optimal point in the sleep cycle. "The team here at Lumawake is extremely pleased to see our hard work recognized by the judges of the Entrepreneur Challenge and we are working hard to make the most of the opportunity our strong finish has afforded us," Shively said. "We have some very exciting things in the works now and we hope to roll Lumawake's out soon to all of our supporters who backed our pre-sale campaign. We wouldn't be where we are today without them and our fantastic mentors and advisors."

"Congratulations to the teams from GrollTex and Lumawake for their first and second place finishes," said Rady School of Management Dean Robert S. Sullivan. "I am very proud that Rady students were part of many of the teams in the Entrepreneur Challenge Finals. Our MBA students continually impress me with their innovative ideas, entrepreneurial spirit and engagement across the UCSD campus. They truly embody the spirit of our school's mission."

Other teams in the Business Plan Finals were GrollTex, which won first place, OneLab and SaleShare. SaleShare was comprised of Rady students Saurabh Bajaj (MBA '13), Barrett Fisher (MBA '13), Elizabeth Han (MBA '13) and German Vidal (MBA '13). All teams in the finals received one year of Credibility Review Platinum Services from Dun & Bradstreet Automatic acceleration to final round evaluation for EvoNexus.

For more information about the Entrepreneur Challenge, go to: www.challenge.ucsd.edu

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