Randy Pilkington, director, UNI John Pappajohn Entrepreneurial Center, 319-273-5732
Rebecca Schultze, communications and public relations manager, UNI College of Business Administration, 319-273-3309, firstname.lastname@example.org
CEDAR FALLS, Iowa -- Seven businesses have been selected as finalists in the 2011 John Pappajohn Iowa Business Plan Competition. The businesses continuing in the competition are CQM Systems, M&S FlowMatics, FxRedux, Pathovacs, Radiology Protocols, Responsible Transportation and VSI Aerospace Inc.
"Now that we have selected seven finalists, each business plan competitor will interview with a panel of judges on Sept. 8," said Randy Pilkington, director of the University of Northern Iowa's John Pappajohn Entrepreneurial Center and competition judge. "Based on those presentations, we will choose the top three finalists for a special awards ceremony in October."
This is the third round of competition. In the first round, businesses submitted brief information about their business plans. Based on those entries, judges chose 20 entrepreneurs to submit full business plans. Those 20 business plans were narrowed down to these final seven.
The John Pappajohn Iowa Business Plan Competition is designed to stimulate business development and provide support for outstanding business plans. This year a total of $50,000 will be awarded to the top three submitted business plans: $25,000 for first prize, $15,000 for second and $10,000 for third.
For more information, visit the competition website, www.iowabusinessplancompetition.com, or contact one of the John Pappajohn Entrepreneurial Centers located at UNI, Drake University, Iowa State University, North Iowa Area Community College and the University of Iowa.
The John Pappajohn Entrepreneurial Centers provide entrepreneurial education and business support, partnering with agencies like the Small Business Development Center, the Iowa Department of Economic Development, Entrepreneurial Development Centers and local entrepreneurs to assist with funding and other business needs.
2011 finalists in alphabetical order
CQM Systems, LLC
CQM Systems has developed a chemical-free proprietary technology to ensure water quality to enhance heat exchanger system efficiency and reduce safety, health and environmental concerns. The company was founded in 2010 and is based in Coralville.
Contact: Charles Dirks
FxRedux Solutions LLC
FxRedux Solutions uses proprietary technology to automate the virtual alignment of bone fragments leading to better results and reduced costs. The company was formed in 2011 and is located in Iowa City.
Contact: Joe Provorse
M&S FlowMatics has developed a unique flow meter for real-time measurement of granular materials though a pipe, such as gravel, grain, sugar or sand. The company was formed in 2009 and is located in Ames.
Contact: Manjit Misra
Radiology Protocols has developed an on-line medical imaging process to make radiologic imaging efficient and accurate, thus lowering imaging costs. The company was founded in 2008 and is based in Iowa City.
Contact: Steve Baker
Responsible Transportation will become the only horse processing plant in the United States and create value from unwanted horses. The company was founded in 2010 and is based in Iowa City.
Contact: Keaton Walker
Pathovacs speeds the development of proprietary vaccines and is working to commercialize an antigen discovery technology. Pathovacs was founded in 2009 and is based in Ames.
Contact: Monohar John
VSI Aerospace, Inc.
VSI Aerospace combines software and air pressure sensors to alert pilots of trajectory changes to enhance safety and fuel savings. The company was founded in 2008 and is based in Ames.
Contact: Jerald Vogel