CCEW Alumni Team Wins Undergraduate Divisions At Tri-State Business Plan Competition
LAS VEGAS, NEV. – A team of CCEW alumni won in the undergraduate divisions of the 2013 Donald W. Reynolds Tri-State collegiate business plan competition in Las Vegas Tuesday night.
The team, FieldFocus, is the recipient of a $30,000 cash prize, a team trophy and individual personalized plaques.
FieldFocus is a software development firm with a platform technology for the oil and gas industry. The software, built for small-size drilling companies, tracks personnel and inventory, allowing them to better manage costs and potentially increase revenue by 10 to 30 percent.
The Tri-State Donald W. Reynolds Cup is a business plan competition featuring the top two winning teams in Graduate and Undergraduate Divisions from Donald W. Reynolds Governor’s Cup competitions in Oklahoma, Arkansas and Nevada.
Winners were named at an Awards Dinner Tuesday night after a day-long competition in which teams presented their business plans to panels of judges.
A 90-second pitch competition was also held at the Awards Dinner, where Susan Moring, OU entrepreneurship senior from Shawnee, Okla., won $2,000 as the Undergraduate Division pitch winner. Moring had previously won the pitch competition in the Oklahoma Governor’s Cup.
Additional members of the interdisciplinary team include Parker Dooly, OU finance and international business senior from Tulsa; Jeffrey Rhea, OU petroleum engineering senior from Lawton; Mubeen Shakir, OU biochemistry junior from Oklahoma City; and Caroline Trump, OU economics senior from Tulsa.
About the Donald W. Reynolds Tri State Competition
The 2013 Donald W. Reynolds Tri-State Award is an invitation-only event. Invitations were extended to the first- and second-place winners of the Donald W. Reynolds Governor’s Cup in Arkansas, Nevada and Oklahoma, the states in which Mr. Reynolds built his media enterprise. Now in its sixth year as a multi-state competition, the Tri-State Award business plan competition represents the pinnacle of three statewide business plan competitions in which the top two undergraduate and graduate teams from each state compete for cash awards totaling $118,000.
The Donald W. Reynolds Governor’s Cup is a statewide undergraduate and graduate business plan competition designed to encourage participating students to do more than just think about their ideas. Instead, they are challenged to take action with their ideas and talents in order to produce tomorrow’s businesses. The competition is intended to simulate the real-world process of entrepreneurs creating a business plan to soliciting start-up funds from potential investors. Participating students gain access to networks of successful entrepreneurs, lenders and investors, team building opportunities, business planning skills, and media exposure.