West Virginia University

2009 WVU Statewide Business Plan Competition

An article by Jessica Legg, posted in the Times West Virginian, states that the West Virginia University Statewide Student Business Plan Competition has chosen its winners.

Lifestyle Category - Robert Loehr, Mechanical Engineering, WVU
Innovation Category - James Kearns, Multi-Disciplinary Studies, WVU

The article goes on to explain the competition. There are 3 stages to the competition. The competitors must first electronically submit a 3-5 page summary of the business idea. The 10 top teams in the two categories must then pitch their business idea within 2 minutes to a panel of judges. Finally, the top 5 teams in each category give a 20-minute presentation, plus a 20-minute question-and-answer session.

According to the article, Robert Loehr’s idea was SpokeArt - creating jewelry and accessories out of old bike parts. James Kearns’ idea is reinforcing buildings with faulty foundations by using a drill rig to place supports, called Deep Sticks Drilling. Both winners walked away with $10,000 to build upon their ideas.

The full article can be found on the Times WV website.