Sponsored by Kummer Student Programs and Career Opportunities and Employer Relations
The learning modules teams will complete are based on the 9 blocks business model and the curriculum was developed by Dr. Fang at Missouri S&T.
The business model is the entrepreneur’s or manager’s logic of how a venture creates, delivers, and captures values. A business model must be simple, relevant, and intuitively understandable, and isn’t bounded by details and numbers. Different from a business plan which is a detail-based description and number-driven forecast based on the operation and activities of a business.
$5,000 scholarship split among team members that win first place
$3,000 scholarship split among team members that win second place
$1,000 scholarship split among team members that win third place
Depending on availability and interest, Startup Challenge finalists may have the opportunity to work with Dr. Karla Callahan and Dr. Darrell (Del) Mank, Missouri S&T graduates who have shared their insights and expertise as consultants to several successful startups.
Dr. Callahan is executive in residence with Wanderer Capital, where her focus is venture financing. As founder and CEO of Vizyontech Imaging, she was the inventor and co-author of the patent issued in 2014 for the ultrasound imaging product developed to make medical imaging easier, more affordable and more available to underserved markets. She has held executive positions in large corporations and was founder and CEO of two startups. Dr. Callahan earned a Ph.D. and a master’s degree in engineering management from Missouri S&T. She earned a bachelor’s degree in chemistry from the South Dakota School of Mines and Technology.
Dr. Mank is an executive who has launched successful technology businesses and led significant growth on behalf of large corporations. As a consultant to technology startups, he integrates technology, research and development, financial, and general management expertise, with a current focus on software-as-a-service (SAAS). With experience in public and privately held companies, his expertise includes product development, design, marketing and sales, operations, and general business management. He has taught at Missouri S&T and Santa Clara University, where he’s won numerous teaching awards. Dr. Mank earned a bachelor’s degree in electrical engineering and a Ph.D in engineering management from Missouri S&T.
Winning teams of the 2022 Startup Challenge won a free one-year membership for each team member to TREX Downtown in addition to their scholarships.
Pneumo-Sense, a new test to detect pneumonia quicker, easier, and more cost-effective
Foliagraft, a new form of skin graft using stem cells to lower the rate of rejection and cutting out the need for donors.
Read how the team went on to win a $15,000 first place award for their project at the Regnier Venture Creation Challenge in Kansas City.
Stroller Puller, an attachment to adaptive strollers to offer pull option and mobility adaptation quickly and easily at a lower cost.