Xavier Launch-A-Business selects eight winning ventures in its first business competition
The winning endeavors include drug research, innovative luggage and more efficient trucking
The first Xavier Launch-A-Business competition, known as X-LAB, announced eight winning entries today, Thursday, Sept. 16, during a program in the Grand Atrium of Stephen and Dolores Smith Hall, the new home of the Williams College of Business. The program is designed to boost the economy by supporting new businesses and nonprofits.
The winners, selected from 166 applications, are to receive free consulting services and other support from the College.
“These winners demonstrate that people in Greater Cincinnati are exceptionally innovative and determined to succeed,” said Ali Malekzadeh, dean of the Williams College of Business. “The potential of these entrepreneurs is tremendous.”
Among the winning ideas are: the development of a wound sleeve to reduce complications from battlefield injuries; distribution of an improved student academic testing system; the manufacture of bullet-resistant shields for police; and creation of an export consulting business.
Among the winners are an orthopedic surgeon, a former police officer, a trucking company executive and a psychologist. The winners are: Dr. Sambhu Choudhury, Concepto, Cincinnati; People Working Cooperatively, Cincinnati; Alice Huff, Tia Marie & Co., Cincinnati; Michael Kou, Growth by Export, Cincinnati; Dr. Stephen McClanahan, Americas Clinical, Loveland; Chad Martin, Elite Protection Group, California, Ky.; Marc Randolph, Epstein Educational Enterprises, Cincinnati; and Sandra Ambrose, PL4S, Fairfield, Ohio.
They receive a business adviser, consulting services for up to a full academic year, access to College workshops, executive mentors and networking events, help with the development of a business plan and a meeting with potential investors.
X-LAB draws on the business expertise of its 65 professors, 500 executive mentors and 1,000 MBA students to guide the entrepreneurs. No other Greater Cincinnati economic development program has such resources.
All the winners have the potential to grow or make a significant impact beyond Greater Cincinnati, said Joseph Carter, a business professor who heads X-LAB. Most could grow globally.
X-LAB will help many of those who didn’t win by referring them to other resources in the College or to other economic development programs. In addition, 39 applicants, including the winners, will be given free access to workshops on 15 business topics taught by faculty members.
More information about X-LAB is available at www.xavier.edu/xlab.