Carol Elliott | Apr. 14, 2014 | Notre Dame News
A team with a business plan for a simple test that detects oral cancer took the grand prize of $25,000 Friday (April 11) in the Mendoza College of Business’ 15th McCloskey Business Plan Competition at the University of Notre Dame. NanDio competed against five other teams in the final round of the competition, which was sponsored by the Gigot Center for Entrepreneurship at Mendoza. The competition awarded $300,000 in cash and prizes.
“NanDio’s excellent business plan certainly reflects the prestige of our competition and the outstanding work of our students. But, more important, this technology promises to save lives,” said Karen Slaggert, associate director of the Gigot Center. “While NanDio’s business plan stood out, it was very difficult to choose a winner this year as it is each year. There were a variety of presentations and all were outstanding.”
Slaggert noted the competition drew 450 participants this year, the largest number of entrants in the competition’s history. Judges and organizers were also impressed by the number of teams that featured combinations of current students and alumni. All teams in the competition must include at least one Notre Dame full-time student, alumnus/alumna or faculty member. Plans must be for ventures that have not launched or are in the early stages of operations.