Two teams of fledgling entrepreneurs have been selected as winners of the inaugural University of Maryland Business Model Challenge.
The competition attracted 44 initial entries, which were winnowed down to 11 finalist teams consisting of UM undergraduate and graduate students, some augmented by faculty, staff and recent alumni. Six teams presented their concepts to a panel of judges last month.
The winning concepts are Wheel Shields, a proposal to develop a skateboarding accessory to improve safety; and UMDTutor2Go, a plan to develop an online tutoring system for students available 24/7. The challenge was led and managed by the Maryland Technology Enterprise Institute.