Businessweek Names BioBotic Solutions One of 9 'Hot New B-School Startups'
The UA Newswire reports that Businessweek has named BioBotic Solutions from the UA as one of nine 'hot new b-school startups.'
BioBotic is developing a robotic automation system for the handling of tissue in pathology labs that's designed to virtually eliminate error. Very cool stuff.
The team's advised by IA's own Jeff Amerine, UA Technology Ventures director, and legendary entrepreneurship guru Carol Reeves of the UA's Walton Business College.
(Noteworthy: BioBotic includes Reeves' daughter, Hendrix College student Rachel Zweig, and while most of UA's successful teams come from the graduate level, BioBotic is an undergrad team.)
BioBotic is the latest in a string of UA teams to experience success on the business-plan competition stage. It recently won $25,000 for placing first at the 2014 Arkansas DWR Governor's Cup and took second and $20k at the Tri-State Governor's Cup in Las Vegas (pictured above).
In between, it won the Values and Ventures competition and another $25k in prize money at TCU. (And afterwards, called the Hogs on stage. We like.)
Here's more from Businessweek:
It’s a rite of the spring semester: Universities across the country dribble out small amounts of cash to student-run startups that prevail in entrepreneurship competitions.
A little push can sometimes go a long way. Harvard Business School touts CloudFlare, Birchbox, and Rent the Runway among past competitors in its annual New Ventures competition. Together, the three companies have raised nearly $200 million in venture capital—perhaps dispelling the notion that MBAs don’t get enough credit from Silicon Valley.
As college startup and business plan competitions wind down, here’s how the prize money shakes out among some of our favorite winners and finalists from around the country:
...$25,000: To BioBotic Solutions, led by University of Arkansas finance major Michael Iseman, for a plan to automate tissue handling in pathology labs in an undergraduate business plan competition hosted by Texas Christian University’sNeeley School of Business.
Read the full thing here, and here's more from the UA Newswire. Keep up the good work, yall.