Three Indian American-led businesses created by University of Michigan students were among those recognized during the 35th annual Michigan Business Challenge.
Though not the winning teams, Advanced LIDAR Semantics and Sonodontics earned a $2,500 finalist award. Advanced LIDAR Semantics' team included M.B.A. candidate Sanmeet Jasuja while Sonodontics' team included medical and M.B.A. candidate Nikita Jambulingam.
Jasuja's team is developing LIDAR devices with enhanced object recognition and reduced data processing capabilities that lead to smarter and safer autonomous vehicles.
Sonodontics is developing an intra-oral 3D ultrasound scanning device for early diagnosis of gum disease. The team also won the Williamson Award for Cross-Functional Teams worth $5,000.
Another team co-founded by Rahul Agrawal Bejarano, Quirk, was recognized as the Most Successful Undergraduate Team, receiving $5,000. Quirk crafts small-batch, locally made drinking vinegars from fruits that, while fresh, might be rejected by grocery stores for their irregular size, shape or color. The team also received a $2,500 Marketing Award.
The overall winner of the challenge was a team called Clot Buster, which is a startup developing a medical device to safely and rapidly remove clots for stroke treatment. For winning the top prize, it received a $25,000, which it will use to finalize development of its device and complete safety and efficiency testing.
MedKairos Inc., which is developing a platform to test and verify the quality of tissue collected during biopsies, won the $10,000 runner-up prize.
The Michigan Business Challenge guides student entrepreneurs through new venture creation in a multi-phase business development and planning process.
Open to all current undergraduate and graduate students from across the University of Michigan Ann Arbor campus, proposed businesses may be for-profit or non-profit, and offer products or services to either consumer or industrial markets.