College entrepreneurs compete for $215,000 in prizes as the Schulze School of Entrepreneurship seeks the next big idea

April 19, 2021 11:54 AM EDT

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MINNEAPOLIS, April 19, 2021 /PRNewswire/ -- After a year's hiatus, college students are back for a national entrepreneurship competition that seeks to find the next big idea. And with a national economy recovering from COVID-19, those big ideas are more needed than ever.

Twenty-five teams will compete virtually later this week in the University of St. Thomas-hosted e-Fest competition. The event will award more than $215,000 in prizes to jumpstart their business ideas, ranging from energy-harvesting vehicle shock absorbers to a hyperpigmentation-relieving deodorant designed for women of color.

Sponsored by the Richard M. Schulze Family Foundation, the Schulze School of Entrepreneurship at the University of St. Thomas, and (a non-profit online platform for entrepreneurship education), e-Fest celebrates student teams who submitted the top business pitches in a preliminary online competition. At e-Fest, student teams compete in a Pitch Slam, an Innovation Challenge and the featured event, the Schulze Entrepreneurship Challenge.  

Last year's event was cancelled due to the pandemic, although the Schulze Family Foundation still awarded $75,000 to finalist teams. With this year's award, the competition will have awarded more than $1 million since it started in 2017.

With their ability to drive innovation, social change and create new jobs, the roles of these entrepreneurs are critically important as a devastated global economy fights its way back from the coronavirus pandemic.

"Entrepreneurs will be more important than ever as we build back our economy," said Laura Dunham, Associate Dean of Schulze School of Entrepreneurship. "It will be the work of entrepreneurs and innovators to reimagine a society and economy that works for all its citizens, that creates opportunity for all, that fosters equity, fairness and justice. It will be the work of entrepreneurs to create the businesses and generate the jobs that will restore and revitalize our economy." 

Here are the 25 finalistsAeroPest, Drexel University Base2Base, US Airforce Academy  Boosted Chews, University of Wisconsin-Madison  Brave Virtual Worlds, University of Virginia  Cress Health, Hofstra University  EthioPay, Georgia State University  Finalysis, George Washington University  Hydrova, Georgetown University and Massachusetts Institute of Technology  Keyrift, Florida Gulf Coast University  KicksTrader, University of Virginia Magna-Shox, Colorado State University  MassApply, Virginia Tech MELA, George Washington University  Mo.Na Gems, Johns Hopkins University  Nutrivide, Rutgers University   Pill Skills, University of Wisconsin-Madison   Renter Chat, Northeastern University   Safet E Sense, Seton Hill University  SCOUTS, California State University-Monterey Bay   sidekickk, Grove City College  SPAITR, University of New Hampshire  Stormie Seas, Florida Gulf Coast University   Telo, University of Minnesota-Twin Cities   Virgo, University of Northern Iowa  VisUplan, University of St. Thomas   

Schulze School of Entrepreneurship The Schulze School at the University of St. Thomas cultivates the next generation of entrepreneurial problem solvers and innovators. The school offers undergraduate and graduate programs in entrepreneurship and corporate innovation, as well as community resources to support new ventures, family businesses and corporate entrepreneurs. 

Media Contact: Vineeta Sawkar 651-962-6404 

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SOURCE Schulze School of Entrepreneurship

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