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CSU teams win cash at CSU Blue Ocean Enterprises Challenge

June 1, 2014

Fargreen, the winner of the Collegiate Track of the CSU Blue Ocean Enterprises Challenge, went on to win third prize of $10,000 in cash and $5,000 in HP equipment in the Enterprise Track of the business pitch completion on May 24 at the Lincoln Center.

Fargreen founders Trang Tran and Tanmay Telang, who received their MBAs in the CSU Global Social and Sustainable Enterprises program earlier this month, have returned to Trang’s native Vietnam to start their triple-bottom-line gourmet mushroom business.

The first place prize of $250,000 in cash, six months of business coaching from EMyth, a six-month membership in Galvanize, one year of entrepreneurship mentoring from Blue Ocean Enterprises, and $20,000 in equipment from HP, went to Decibullz Custom Molded Earphones of Loveland, and second place went to GoSpotCheck of Denver, which won $25,000 in cash and $10,000 in HP equipment as well as all the coaching and mentoring – something Fargreen will also receive.

Trolley pitches

Three CSU Collegiate Track competitors won prizes in the Trolley Pitch competition on May 23.

This first-of-its-kind speed pitch competition on the historic Fort Collins Municipal Railway Birney Car 21 trolley car featured 10 collegiate entrepreneurs who boarded the trolley and gave a two-minute business pitch to judges before the car reached the next stop on Mountain Avenue. BAUS Tech won the Trolley Pitch’s top prize of $3,000; deYrd earned the second prize of $2,000, and TurfToes took third place, winning $1,000.

TurfToes was also recognized as the “Invest-In-Me” game champion, earning $3,000 and $2,500 in HP products for convincing evnet attendees to "invest" the most Blue Bucks in their business idea.

The Enterprise Track of the competition was open to startups from across the nation. Decibullz Custom Molded Earphones, a Loveland-based manufacturer, outpitched 16 other competitors to win the grand prize of $250,000 in cash, six months of business coaching from EMyth, one year of entrepreneurship mentoring from Blue Ocean Enterprises, and $20,000 in equipment from HP. GoSpotCheck of Denver, a software-as-a-service product that streamlines data collection, took second, for $25,000 in cash and $10,000 worth of HP equipment.

Coaching part of prizes

All five finalists – including Pay Stand of Santa Cruz, Calif., and Community Funded of Fort Collins, founded by CSU alum McCabe Callahan -- will also receive six months of coaching from EMyth.

 “Our congratulations go to all of the Enterprise Track competitors,” said Charisse Bowen, co-director of the CSU Blue Ocean Enterprises Challenge and director of the Institute for Entrepreneurship in the College of Business. “Our sponsorship partners, judges, and volunteers worked for months to create an event that celebrates entrepreneurs from around the country, and we are grateful for their support.”

A collaboration of Blue Ocean Enterprises and Colorado State University’s College of Business, with major support from HP, E-Myth, 1st Bank, and the City of Fort Collins, the competition was created to ignite entrepreneurial spirit, attract and recognize the best new business ideas, and celebrate the Fort Collins and Colorado entrepreneurial ecosystem.