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 University of Tennessee’s Global Supply Chain Institute has added a sixth “Rainmaker.” Logistics trade magazine DC Velocity has named J. Paul Dittmann, executive director of the institute, an industry “Rainmaker,” UT announced today. Velocity annually honors the most influential people in various areas of the supply chain management profession. Dittman is the sixth UT faculty member to receive the honor.
After spending millions of dollars recently to buy out the contracts of former coaches and an athletic director, one might think the University of Tennessee Athletic Department would have financial issues.
One would be wrong.
According to a study by BusinessofCollegeSports.com, a website produced by attorney Kristi Dosh, UT benefits from having one of the most profitable football programs in the known universe.
As oil prices have soared in recent weeks, so have retail gasoline prices. But what about biofuel prices? Why is the cost of crop-based fuel going up just as fast as regular gas?
A thoughtful reader recently asked me about the pricing of E85, a biofuel that contains 85 percent ethanol, which is made from corn, and 15 percent gasoline; and is available locally at various gas stations.
Here’s the reader’s question and an answer from a University of Tennessee expert.
It’s been a tough year for the University of Tennessee men’s basketball team — multiple home court losses, an NCAA investigation, Coach Bruce Pearl’s suspension. But the Volunteers can take some solace in knowing the program is still a big-time money maker.
UT is No. 18 on Forbes’ ranking of the top revenue generating men’s basketball programs. According to U.S. Department of Education data, the UT men’s program generated $13,301,579 in revenue in the 2009-2010 season, Forbes reported earlier this week.
East Tennessee business leaders looking for an executive MBA program don’t have to look far to find one of the best. The University of Tennessee in Knoxville has one of the top executive MBA programs in North America, according to the latest rankings by the Poets & Quants social network.
Our neighbors to the north have tossed down a challenge that University of Tennessee basketball fans cannot ignore.
I’m talking about the coal industry paying $7 million for a new residence for the University of Kentucky’s men’s basketball team. UT cannot afford to fall behind the basketball lodge race. UT athletics are too important to the Tennessee economy to let the Wildcats have the upper hand.
Perhaps the country music industry will come to the rescue and fund a new residence hall for the basketball Vols. Or maybe the travel center industry, which is pretty much dominated by Knoxville’s own Pilot Flying J, could come up with a few million dollars.