LEXINGTON, Ky. (April 10, 2012) — Stadionaut, a mobile application development startup, took the grand prize in the first-ever iNet Venture Challenge, a business competition for University of Kentucky student entrepreneurs held at the Alumni House the end of March.
Start-up companies made up of UK undergraduate and graduate students vied for cash prizes and valuable "face time" with the judges in two competitions, one for business concepts and one for business plans. The winning teams in each category, at both the undergraduate and graduate levels, will move on to the 2012 Idea State U competition to be held April 20-21 at the Lexington Convention Center.
"We could not be more pleased with the quality of our student teams' business plans and business concepts for iNet’s first annual Venture Challenge," said Dan O’Hair, dean of the UK College of Communications and Information Studies and board of directors chairman of iNet, the Innovation Network for Entrepreneurial Thinking. "We will be taking four exceptional teams to represent the University of Kentucky at the state competition, Idea State U."
Computer science senior Scott Wagner and animal science major Evan Leach received the $2,000 first prize for their business concept for Stadionaut LLC.
Stadionaut’s product is Crowded, a free application that uses live, interactive play prediction and trivia at baseball games to test the knowledge of competing viewers. The user interface allows fans of all ages and levels of sports knowledge to play, while delivering advertisements for team and stadium sponsors.