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 -- The John Pappajohn Iowa Business Plan Competition has been narrowed down to three finalists, each of whom will present at a special awards luncheon on Sept. 27 in Des Moines, Iowa.
Following a six-month long competition, where 44 business plans were submitted and reviewed, seven businesses presented to a judging panel comprised of the five John Pappajohn Entrepreneurial Center (JPEC) representatives and the Iowa Small Business Development Center.
The three competition finalists chosen by the panel, listed in alphabetical order:
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.
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.
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.
The three finalists and their ranking will be announced at a special awards luncheon on Sept. 27, at which Iowa Gov. Terry Branstad will be the keynote speaker. The first place business-plan competitor will receive $25,000, $15,000 will be awarded for second place and $10,000 for third place.
"This year's completion included some outstanding business plans, probably the strongest and most promising plans during our seven years of conducting the competition," said Randy Pilkington, director of the University of Northern Iowa JPEC. "Iowa's economy will be positively impacted as all the competitors succeed and grow."
John Pappajohn stated, "I hope this competition will stimulate additional entrepreneurial activity throughout the state, and that those businesses who participated will continue to access the resources of the JPECs, business accelerators and SBDCs to help them accelerate their growth."
The John Pappajohn Entrepreneurial Centers are located at Drake University, Iowa State University, North Iowa Area Community College, the University of Iowa and the University of Northern Iowa. The centers provide entrepreneurial education and business support, partnering with agencies like the Small Business Development Center (SBDC), the Iowa Department of Economic Development, Entrepreneurial Development Centers and local entrepreneurs to assist with funding and other business needs.