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UA Students Take 1st Place at Business Competition


Akron, Ohio, March 31, 2011 — UA College of Engineering seniors Kyle Hamblin and James Kirkwood bested the teams from 9 other Northeast Ohio colleges and universities in the ideaLabs business concept competition held at The University of Akron’s InfoCision Stadium on March 31. Their newly formed company, JVT Aerospace LLC earned a total of $6,000 in first place prize money and a stipend award. As a result of their presentation, JVT Aerospace has been invited to participate in the Akron ARCHAngels investment process.

Students from Case Western Reserve University, Kent State University, John Carroll University, Baldwin-Wallace College, Cleveland State University, Ashland University, Hiram College, Lake Erie College, Walsh University, and The University of Akron each presented their PowerPoints and concept papers describing their business idea to earn their share of $20,000 in cash awards.

Sponsored by the Burton D. Morgan Foundation and UA’s College of Business Administration, and organized by the Entrepreneurship Education Consortium of Northeast Ohio, the competition is designed to stimulate and reward creativity, ingenuity and the entrepreneurial spirit.

Judges were Dorothy Baunach, president emeritus of NorTech; J. Martin (Marty) Erbaugh, chairman, board of advisers, Kent State University and Burton D. Morgan Foundation trustee; Jeff Walters, managing director, CBIZ Accounting, Tax and Advisory Service; John Myers, executive in residence at the University of Akron Research Foundation; Karen Spilizewski, vice president, RiverVest Venture Partners and vice president, BioEnterprise Corp.; and Robin Kilbride, president and CEO of  Smithers-Oasis.

About The University of Akron College of Business Administration

JVT Aerospace LLC founders Kyle Hamblin and James Kirkwood were coached to success in their business plan by College of Business Visiting Lecturer Robert Chalfant and Assistant Professor Dr. Tim Daly. Both now serve on JVT’s Board of Advisors.

The College of Business Administration is a nationally ranked business school:

Most recently, our accounting programs were nationally ranked by the Public Accounting Report.