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Winners Announced in New Venture Challenge Business Plan Competition

Michael Schultz of Viewpoint Molecular Targeting LLC was recently awarded a $25,000 first-place prize in the campuswide New Venture Challenge business plan competition.

Sponsored by the John Pappajohn Entrepreneurial Center (JPEC) and the Iowa Centers for Enterprise, the New Venture Challenge was open to University of Iowa faculty, staff, and students, as well as businesses located at the BioVentures Center. Thirty-seven teams competed for $55,000 in prize money from the Grow Iowa Values Fund.

Schultz, an assistant professor in the UI Department of Radiology, heads Viewpoint, which has developed a new diagnostic imaging agent for prostate cancer detection. UI staff member Karen Pease of Celadon Applications won the $10,000 second-place prize for a electric vehicle range calculator.

Students Cody Kiroff and Nick Lacina of K&L Associates earned a $5,000 third-place price for their debt management company business plan. Student Casey Everts also placed third for Dibzees, an online auction site where buyers bid up the price of merchandise one cent at a time.

Several other faculty, staff, and students won prizes in the competition, which was judged by JPEC and Iowa Centers for Enterprise staff. For a complete list of winners, see

For more information, contact JPEC at 319-335-1022 or

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