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Boise State Business Plan Team Receives Awards at Top International Entrepreneurship Competition

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Kent Neupert, Marcel Wermeckes, Alex Livingston, Thomas Schoeck

R2EV, Boise State University’s business plan team, finished strong in a competitive field of 20 international universities at the New Venture Championship hosted the University of Oregon’s Lundquist Center for Entrepreneurship. Boise State’s R2EV team took 2nd Place overall for the “best elevator pitch” and Division Winner for the “best presentation” on Saturday April 10.

The competition, which played out over three days, required teams to present their ideas for new business start-ups to panels of investors and entrepreneurs acting as judges. For the competition, each team was required to prepare a written business plan for review and present their ideas to three different sets of judges. With a total prize package of over $60,000, awards were given for categories such as “best elevator pitch” (a 60 second summary presentation of the business opportunity), “best written business plan” and “best presentation” in several divisions.

R2EV’s Fuel 2.0 product is a portable energy storage solution with applications in several industry setting. The technology for the product was developed by Boise State student Alex Livingston and the team includes MBA candidates Marcel Wermeckes and Thomas Schoeck.

The top prize went to the University of Louisville’s NanoMark Therapeutics for the treatment of ovarian cancer.

Other universities participating in the competition included:

  • Brigham Young University
  • Cornell University
  • Georgia Institute of Technology
  • Hong Kong University of Science and Technology (China)
  • Johns Hopkins University
  • Purdue University
  • San Diego State University
  • Chulongkorn University (Thailand)
  • Carnegie Mellon University
  • Thammasat University (Thailand)
  • University of Arkansas
  • University of British Columbia (Canada)
  • University of Illinois at Chicago
  • University of Louisville
  • University of Manitoba (Canada)
  • University of Oregon
  • University of Texas at Austin

For inquiries, please contact Professor Kent Neupert, Director of the Boise State University’s Center for Entrepreneurship, at 208-426-2397 or kneupert@boisestate.edu

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