UCF Team Wins Award at National Entrepreneurship Competition

(Orlando, Florida, March 28, 2006) - A UCF undergraduate entrepreneurship team of Adam Hill and Joseph Hurwitz won the 2006 national award for the Most Innovative and Creative Business Plan for their business plan for InfiniPūr Technology at the University’s inaugural trip to the nation’s premier undergraduate business plan competition. The team finished 4 th in the overall competition among nine finalists including the University of Arizona, the University of Michigan, Indiana State University, the Ohio State University, Baylor University, Texas Christian University, Northwood University, and Westmont College. Twenty-five schools, including many of the nation’s premier universities, submitted plans to the competition. Only the top nine finalists were invited to participate in the two-day competition held in Muncie, Indiana on March 24-25. The InfiniPūr Technology team successfully presented and defended their plan in to a panel of internationally recognized business leaders including the President and CEO of Kaduceus Medical, P.C., the CEO and Managing Director of Monument Capital Partners, and the Managing Director for the NASDAQ Stock Market. The team was accompanied by UCF Faculty member Richard Quinn in association with the university’s Center for Entrepreneurship and Innovation.

The ninth annual International Enterprise Creation Competition, co-hosted by Ball State University, Syracuse University, and the University of Indiana, and sponsored by NASDAQ pits the nation’s top nine undergraduate business teams against each other in both written and oral business plan presentations. The overall winner in this year’s competition, the University of Arizona, is a three-time winner and has participated since the competition’s inception in 1998.

About CEI: The Center for Entrepreneurship and Innovation (CEI) was formed as an initiative by the UCF College of Business Administration. The CEI offers training to those who create and lead new business ventures, by providing educational programs, research facilities, networking opportunities, business plan showcase events, and access to business thought leaders. The CEI efforts foster an expanding network of mutually beneficial university, business, and government partnerships that promote Central Florida’s economic development and quality of life. For more information please visit www.cei.ucf.edu.

 About UCF: The University of Central Florida is a public, multi-campus, metropolitan research university, dedicated to serving its surrounding communities with their diverse and expanding populations, technological corridors, and international partners. The mission of the university is to offer high-quality undergraduate and graduate education, student development, and continuing education; to conduct research and creative activities; and to provide services that enhance the intellectual, cultural, environmental, and economic development of the metropolitan region, address national and international issues in key areas, establish UCF as a major presence, and contribute to the global community.