The Utah Entrepreneur Series 2013-2014 season will culminate Tuesday with the awarding of a $40,000 grand prize offered by Zions Bank. This cash prize will be given to the winner of the Utah Entrepreneur Challenge, a statewide student business plan competition and the final event of the UES series. The Utah Entrepreneur Series is a division of the Lassonde Entrepreneur Institute and David Eccles School of Business.

The top-10 teams from 126 submissions are competing for the grand prize. Finalist teams come from the U, University of Phoenix, Brigham Young University and Weber State University. Business ideas include a telemedicine tool for physicians and patients, custom-key manufacturing and food-product manufacturing.

“This year we have a great mix of finalists from many different industries,” said Stevan Hewett, student co-chair of the series. “Each team is unique and brings interesting new ideas. It’s a wonderful opportunity to associate with young entrepreneurs who are chasing their dreams and trying to change the world.”

In addition to the $40,000 grand prize, teams are competing for $150,000 worth of in-kind sponsorship funds from competition sponsor Red Touch Media, as well as other smaller awards.

Since its beginning in 2001, the series has garnered more than 6,000 participants from collegiate campuses across the state and awarded about $1 million in prize money, which was primarily funded by Zions Bank.

“In the decade or so that the series has existed, thousands of students have received pivotal feedback on their business ideas,” said Nick Roberts, student co-chair of the series. “Hundreds of students have received funding, and several have achieved massive success in the market. I’m proud to be a part of that process.”

The top-10 teams are invited to the final awards banquet, held Tuesday, April 15, at 5:30 p.m. at the Tower at Rice-Eccles, where the winner will be announced.

For more information on the Utah Entrepreneur Challenge visit www.ues.utah.edu. See videos about the top-10 teams at www.ues.utah.edu/2014-uec-video-voting. (Pictured is 2013 winner Owlet Baby Monitors)

Top-10 Teams

  • Alterniity GmbH (University of Utah