InVenture Prize contest winner announced

The winning team of the inaugural Atlantic Coast Conference (ACC) InVenture Prize @ Virginia Tech was selected March 3 by a panel of local business leaders at The Inn at Virginia Tech and Skelton Conference Center in Blacksburg. 

Yard Mapper, which included team members David Evans and Patrick Acker, will advance to the ACC InVenture Prize competition at Georgia Tech in Atlanta, Georgia, on April 5 and 6 where they will deliver a 3-minute pitch to compete against other ACC universities for $30,000 in prizes.  Yard Mapper tracks trailers and shipping containers at distribution centers, significantly reducing the time required to locate trailers while also reducing related penalty fees.  The system does not require any extensive infrastructure (including Wi-Fi) and can be installed in a matter of hours.

Yard Mapper will also compete against six other Virginia Tech finalist student teams on March 30 at the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals for the chance to win one of three scholarship prizes, including the Plastics One Advanced Manufacturing Award of $5,000 for the most outstanding tangible product, the $5,000 VT KnowledgeWorks Information Technology Award for the most outstanding intangible product or service, and the $5,000 People’s Choice Award, sponsored by the Virginia Tech Pamplin College of Business.  One of the two teams that receive the Advanced Manufacturing or Information Technology awards will earn the grand prize and receive an additional $10,000 in scholarship assistance, as well as the opportunity to compete on a world stage in the $25,000 VT KnowledgeWorks Global Student Entrepreneurship Challenge this August.

Tickets to the Global Entrepreneurship Challenge Semifinals are free and include access to the student presentations, networking reception, and awards ceremony.  Register online at http://www.vtknowledgeworks.com/gecsemifinals/2016/registration.  

For more information contact Jim Flowers at 540-443-9100, extension 1, or at jim.flowers@vtknowledgeworks.com.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships.  It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg.

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