LOUISVILLE, Ky. – The University of Arkansas team won first place Feb. 17 with a business plan for Lapovations LLC, a medical device company, at the 11th annual Brown-Forman Cardinal Challenge, the University of Louisville’s annual competition for MBA teams.
WeavAir of the University of Toronto took second place, while UofL’s team, Mindful Mix, came in third. Fourth place was won by Hansel of UCLA.
Lapovations, maker of medical devices for laparoscopic procedures, was awarded the grand prize of $15,000 and the chance for $100,000 worth of services if it locates in Louisville through the “Launch in Louisville” program.
WeavAir, maker of sensors for heating and air conditioning systems that reduce energy consumption and improve indoor air quality, took home $5,000.
Mindful Mix makes all-natural, vitamin- and electrolyte-infused cocktail and mocktail mixers. The team won $3,000.
Travel advice app Hansel team members took home $1,500.
The event, first held in 2008, features 12 teams of students from the world’s leading university entrepreneurship programs. It is one of eight regional or national competitions in which UofL participates each year.
For more information, contact Van Clouse, director of the Forcht Center for Entrepreneurship and associate professor of entrepreneurship, at van.clouse@louisville.edu or 502-852-4782.
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Editors: Photos available here.