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Entrepreneurs turn ideas into ventures

Thirteen teams from the McCombs School of Business at The University of Texas at Austin will participate in the annual Texas MOOT CORP® Competition on Nov. 30. The competition has become an annual rite of passage for young entrepreneurs.

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AUSTIN, Texas—Thirteen teams from the McCombs School of Business at The University of Texas at Austin will participate in the annual Texas MOOT CORP® Competition on Nov. 30. The competition has become an annual rite of passage for young entrepreneurs.

The competition simulates the process of entrepreneurs soliciting start-up funds from investors. Students get a chance to assemble a management team, finalize their business plan and practice their pitch to investors. In return, they get unfiltered feedback, plus a chance to win cash and services to help get their venture off the ground.

Teams competing in two of the three divisions are pitching Internet-related ventures. Venture ideas range from software solutions and Web services to wardrobe consulting and dog daycare. The quality of the idea, the strength of the management team and the clarity and persuasiveness of the written plan and oral presentation all influence the judgesÌ decisions.

“This year, the quality of our teams is exceptional. One of them is already producing revenues. I anticipate that several of these teams will be in business this time next year,” said Dr. Gary M. Cadenhead, MOOT CORP® director.

The winning team earns a free year in the Austin Technology Incubator, a spot in the prestigious International MOOT CORP® Competition, $5,000 in prize money, plus a wealth of industry and venture capital contacts. This year, the winning team also receives-a Joint Application Development Session and White Paper from EnFORM Technology valued at $20,000 and Advisory Board Strategy and Assembly Services from TheBoard.com with a value of $25,000.

The public is invited to view the competition, which begins at 3:30 p.m., Thursday, Nov. 30 in the College of Business Administration at UT. The three divisions will run simultaneously in GSB 3.130, GSB 5.142 and CBA 4.348. A complete schedule is attached. The finals will be held on Dec. 7 at 4 p.m. in GSB 3.130.

The Texas MOOT CORP® Competition is hosted by the McCombs School of Business, one of the top 20 business schools in the country. Both the graduate and undergraduate programs have been consistently ranked among the top schools of business by U.S. News & World Report and Business Weekfor the past decade. The McCombs School is a leading innovator in technology, entrepreneurship and globalization education. Visit www.mccombs.utexas.edu or www.mootcorp.org for more information.

EnFORM Technology is one of the fastest-growing consulting firms providing strategic end-to-end digital solutions. The company is organized around four business units: ventures, interactive, solutions and hosting. EnFORM serves clients through the full digital lifecycle by offering business model development, interactive branding and creative design, rapid systems development and hosting services. Contact EnFORM Technology at www.enform.com

Early-stage companies as well as publicly traded companies turn to TheBoard.com when they are faced with building a Board of any kind. TheBoard.com assists companies in building world-class boards of advisers and directors. In addition, TheBoard.com works with the executive team and the board members to extract the value of the assembled talent and experience. TheBoard.com offers a complete suite of services, information, products and events relating to the development and successful utilization of boards. Contact TheBoard.com at www.TheBoard.com

Texas MOOT CORP® Competition

Division I ¬ GSB 3.130

3:30 PM

eSoftCard

Sterling Steves
eSoftCard is a system for replacing your existing transaction cards with our “knowledge” card and for providing secure transactions online, offline and phoneline.

4:10 PM

Roundabout Systems

Ken Milman, Grant Garrigan, Danny Ward
Roundabout Systems creates software to enable broadband service providers to offer their subscribers next generation residential gateway services, including multimedia distribution, home automation and device management.

4:50 PM

PinPoint Marketing

Travis Craft, Jeremy Giles, Todd Keffer, Mike Passyn
PinPoint Marketing connects retailers and consumersthrough permission-based wireless advertising.

5:30 PM

Wardrobe Consultant

Tim Wiley, Suzanne Tobias
Wardrobe Consultant introduces an innovative and unique service that provides apparel retailers and manufacturers an unprecedented opportunity to significantly enhance their sales and marketing efficiencies.

6:10 PM

WasteWise

Samir Dave, Todd Pencarinha, Paul Dieckert, James Clyde, Christopher Plummer
WasteWise will simplify the waste management process by introducing a web-based exchange that enables on-line competitive bidding, creates new opportunities for waste recycling, provides value added waste management services and dramatically reduces paperwork and regulatory compliance burdens.

Division II – GSB 5.142

3:30 PM

Manticore Technology

Nicholas Walker, Jeffrey Pauly, Clint Scott, Jonathan Edwards
Manticore Technology’s first product is Virtual Traffic Master, a hosted software solution for web traffic analysis targeted at small to midsize businesses.

4:10 PM

Digital Drive-Up

Steve Paul, Trey Gannon, Roberto Zambrano, Lawrence Thurman, Chris Matthews
Digital Drive-Up is a company that has developed a system to automate wireless transactions between the merchant and their customer using computer telephony.

4:50 PM

Talk Card

Wayne McIntosh, Agnes De Leersnyder
Using digital speech technology, the Talk Card enables intimate messages to be captured, in person or across the Internet, and stored in a card to be sent with premium gifts such as flowers.

5:30 PM

InServIS

David Gaertner, Kurt Sauer, Roger Conant, Joe OÌLeary
InServIS is an integrated system to increase the efficiency of the arrest process for small to medium sized law enforcement agencies.

Division III – CBA 4.348

3:30 PM

Electromag, Inc.

Pierre Bustamante, Damien Flicoteaux, Jorge Villarreal, Jose Villarreal
The Electromag hammer introduces an entirely new approach to foundation hammer technology by having created the first free fall electric based piling hammer incorporating Electromag’s patented system.

4:10 PM

Cloud Canine

Jennifer Alexander, Kelly Matthews, Lane Pollack, Monique Salazar
We are launching a full-service dog care center that will target professionals and families who need a convenient location for dog daycare, boarding, training, grooming, massage, food and supplies.

4:50 PM

Focus Model Management

John Filut
With a unique philosophy for what it takes to develop models, Focus Model Management will train and represent young adults that aspire to succeed in life.

5:30 PM

Halsa Pharmaceuticals

Denise Bynum, Mark Roppolo, Kristen Etheredge, Philip Speros
Halsa Pharmaceuticals has discovered a material that, when injected into an obese patient by a physician, will generate a rapid, safe and substantial loss of body fat.