Randy Pilkington, director, UNI John Pappajohn Entrepreneurial Center, 319-273-5732
Rebecca Schultze, communications and public relations manager, UNI College of Business Administration,
CEDAR FALLS, Iowa -- Seven businesses have been selected as finalists in the 2012 John Pappajohn Iowa Business Plan Competition. The businesses continuing in the competition are: Corvida Medical, Data2Bio, FxRedux, Iowa Powder Atomization Technologies, Mockwall, Osteoceramics and Pathovacs.
"Now that we have selected seven finalists, each business plan competitor will interview with a panel of judges on Sept. 6," said Randy Pilkington, director of the University of Northern Iowa's John Pappajohn Entrepreneurial Center and competition judge. "Based on those presentations, we will choose the top three finalists to recognize at a special awards ceremony on Sept. 27 at Drake University."
This is the third round of competition. In the first round, businesses submitted brief information about their business plans. Based on those entries, judges chose 16 entrepreneurs to submit full business plans. Those 16 business plans were narrowed down to the final seven.
The John Pappajohn Iowa Business Plan Competition is designed to stimulate business development and provide support for outstanding business plans. This year a total of $50,000 will be awarded to the top three submitted business plans: $25,000 for first prize, $15,000 for second and $10,000 for third.
For more information, visit the competition website, www.iowabusinessplancompetition.com, or contact one of the John Pappajohn Entrepreneurial Centers located at Drake University, Iowa State University, North Iowa Area Community College, the University of Iowa and the University of Northern Iowa.
The John Pappajohn Entrepreneurial Centers provide entrepreneurial education and business support, partnering with agencies like the Small Business Development Center, the Iowa Economic Development Authority, Entrepreneurial Development Centers and local entrepreneurs to assist with funding and other business needs.
2012 finalists in alphabetical order
Corvida Medical provides innovative technologies that optimize the safe handling of hazardous medications. The company was founded in 2008 and is located in Iowa City, Iowa.
Contact: John Slump
Data2Bio combines understanding of molecular biology, research methodology and bioinformatic analysis tools (software) to help researchers analyze and interpret sequence data (DNA and RNA). The company was founded in 2011 and is based in Ames, Iowa.
Contact: Patrick Schnable
FxRedux Solutions LLC
FxRedux Solutions uses proprietary technology to automate the virtual alignment of bone fragments leading to better results and reduced costs. The company was formed in 2011 and is located in Iowa City, Iowa.
Contact: Robert Provorse
Iowa Powder Atomization Technologies
IPAT is a development-stage company with an atomization process for manufacturing fine titanium and other metal powders, leading to better part quality because of the material's ability to act much like a fluid. This company is located in Nevada, Iowa.
Contact: Joel Rieken
MockWall Systems LLC
MockWall Systems LLC sells a patent-pending system of panels and connectors that are used to create full-size, 3-dimensional mockups in the pre-design phase of construction. The company was founded in 2011 and is located in Mason City, Iowa.
Contact: Hal Hudson
Osteoceramics provides artificial ceramic implants for use as artificial off-the-shelf bone grafts. These implants induce bone to repair itself and guide bone regeneration. The company was founded in 2008 and is located in Ames, Iowa.
Contact: Thomas McGee
Pathovacs speeds the development of proprietary vaccines and is working to commercialize an antigen discovery technology. Pathovacs was founded in 2009 and is based in Ames, Iowa.
Contact: Manohar John