Lot at stake for Vol Court entrepreneurs

A $5,000 prize package is on the line Tuesday when eight teams of aspiring entrepreneurs pitch their business ideas in the final session of the spring 2012 Vol Court business plan competition.

The winner gets $1,000 cash. Second place earns $500.

Free money is good, but the Vol Court winner gets other invaluable help, including space at the University of Tennessee Research Foundation business incubator, legal services from Terry Adams Law Firm and mentoring from the College of Business Administration’s Anderson Center for Entrepreneurship and Innovation.

Total value of the winning prize package is pegged at $5,000. But it’s hard to put a price tag on expert mentoring. That kind of help can make or break a startup.

The Vol Court finals start at 5:15 p.m. on the seventh floor of the Stokely Management Center.

A UT announcement offers the following description of the finalists:

CallNut, which integrates pictures into calls handled by call centers;

Chain Game, which integrates gaming into a program that promotes income-generating activities for impoverished Ugandan women;

Graffy, a new way to design, customize, and manage both data and graphs;

InHouse Brand Development, a branding solution for small businesses;

Klass Kolab, a new learning management solution for students and educators

Magic Carpet Letters, a gift personalization solution;

Newlight, a social cause organization focused on education reform

SEH Solutions, a new way to treat Type 2 diabetes;

Vol Court is sponsored by UT Federal Credit Union, Terry Adams Law Firm, and the UT Research Foundation.

The multi-week event is held each spring and fall and to open to students, faculty and the general public. Participants learn how to start a business through a series of workshops lead by business experts.

Click here for more info on Vol Court.