Salt Lake City - Apr. 14, 2011 – Garth Koyle and Seth Shoultes left Rice Eccles Stadium Wednesday evening with a $40,000 check after winning the grand prize at the Utah Entrepreneur Challenge Final Awards Banquet.
The Utah Entrepreneur Challenge is a student entrepreneur competition sponsored by Zions Bank and has helped to fund dozens of student business ventures since its inception in 2000. Hundreds of college and university students throughout Utah participate in the competition each year.
The winners of this year’s competition, Koyle and Shoultes, are University of Utah students. The group founded their own business called Event Espresso. The idea behind the business was to create a plug-in for WordPress, a popular blogging software, that allows website owners to turn their website or blog into a fully featured event management website.
“We didn't expect to win, but are very pleased to be recognized with such an award," said Koyle. Both Koyle and Shoultes said that they plan on putting $40,000 of prize money to good use right away.
2011 Winning Teams and Associated Schools
GRAND PRIZE: Event Espresso – University of Utah BEST WRITTEN BUSINESS PLAN: Massox - Westminster College
BEST PRESENTATION: BlueCache - Utah State University
BEST TECHNOLOGY: Monitus Medical – University of Utah BEST SPEED PITCH: BlueCache - Utah State University
The 2010/2011Utah Entrepreneur Challenge team would like to thank everyone who participated in the competition this year and made it so memorable.
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