College teams from across the country competed in Minneapolis last week for $250,000 in cash prizes and the distinction of being named the 2019 Schulze Entrepreneurship Challenge Champions. Each team was assigned a professional advisor to guide them on their quest, including REX President Lynley Sides who also served as a judge for the competition.
“This was an extremely gratifying experience,” said Sides. “The ideas were incredibly innovative and well-thought out. Many teams had patents and/or revenue already, and many of the pitches were more polished than ones I’ve seen at Silicon Valley pitch events.”
The main goal of this elite entrepreneurship event, open to undergraduate students in North America and with $250,000 in cash prizes available, includes recognizing compelling student ideas for products, services, and ventures but moreso aims to encourage student learning and networking around using entrepreneurial thinking and methods to create, validate, and communicate about solutions to problems.
Ultimately, Team DeliverHer from Georgia State University was crowned the Grand Prize Winner. Team founders call their invention the “first significant innovation in feminine hygiene products in 80 years”. They’re bringing to market a patented product created by women for women. Their company is also launching a monthly subscription service of feminine products that can be customized for individual women’s needs. The team took home the top prize of $75,000.
“Like REX, these businesses almost all had a social good component to them,” said Sides. “Overall, it was an honor to be a part of such an inspiring event.”
For more information and to see a list of all the winners, click here.