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Clarkson University Student Entrepreneurs Take First Prize at National Business Plan Competition
Innovative Delivery Systems (IDS), a venture formed by Clarkson University undergraduate students, won the $20,000 first prize at the annual University of Colorado at the Colorado Springs Sports/Outdoor business plan competition last week.
The students developed a smart phone app that allows spectators at sporting events to order concession products from their seats. It was launched in the students’ first-year business class at Clarkson.
Reh Center for Entrepreneurship at Clarkson University Director Marc Compeau accompanied the team to the competition.
“It was a pleasure to join these two accomplished young entrepreneurs," said Compeau. "Their success against experienced graduate students in this competition is a credit to their commitment to learning."
The competition invites students from across the nation to develop and submit plans for the creation of sports, health and outdoor recreation businesses. IDS was one of eight semi-finalists chosen to attend the two-day event.
The company is comprised of four School of Business sophomores: Dietrich Diehl of Clarence Center, N.Y., Andrew Wegner of Farmington, N.Y., Sean Cheung of Norwich, N.Y., and Christopher Behrens of Rhinebeck, N.Y., and Wallace H. Coulter School of Engineering junior Steve Akiki of Colchester, Vt.
"We have had so many great opportunities to launch our company at Clarkson," said Diehl. "We have a strong team and our determination to succeed has benefited us tremendously.”
“UCCS puts on this annual Sports/Outdoors Business Plan competition to attract young, sports-oriented entrepreneurs to the community," said Tom Duening, director of the UCCS Center for Entrepreneurship and the school’s El Pomar Chair for Business and Entrepreneurship, who launched the business competition last year. "Colorado Springs is home to the United States Olympic Committee (USOC) as well as a major USOC Training Center. Students compete at the USOC headquarters and have dinner with the athletes at the USOC Training Center as part of this competition. UCCS is determined to leverage the assets of the region to build a vibrant and vital sports business cluster.”
Diehl and the IDS team plan to use the funding “to improve our sales team as well as adding new features to the app."
Clarkson University launches leaders into the global economy. One in five alumni already leads as a CEO, VP or equivalent senior executive of a company. Located just outside the Adirondack Park in Potsdam, N.Y., Clarkson is a nationally recognized research university for undergraduates with select graduate programs in signature areas of academic excellence directed toward the world’s pressing issues. Through 50 rigorous programs of study in engineering, business, arts, sciences and health sciences, the entire learning-living community spans boundaries across disciplines, nations and cultures to build powers of observation, challenge the status quo, and connect discovery and engineering innovation with enterprise.
Photo caption: Innovative Delivery Systems (IDS), a venture formed by Clarkson University undergraduate students, won the $20,000 first prize at the annual University of Colorado at the Colorado Springs Sports/Outdoor business plan competition last week. Left to right: Student Chris Behrens, Reh Center for Entrepreneurship Director Marc Compeau, and student Dietrich Diehl.
[A photograph for media use is available at http://www.clarkson.edu/news/photos/ids-colorado.jpg .]