Five teams have progressed to the final stage of Duquesne University’s New Venture Challenge competition, a competition sponsored by Duquesne’s Palumbo-Donahue School of Business that awards cash and service prizes totaling more than $100,000 to budding entrepreneurs from all around the world. The 17 teams who advanced to the semi-finalist round were notified by the university in February.

Advanced Optronics LLC, a medical smart sensor designer and manufacturer, CAT-7, DisSolves, a water-soluble and edible packaging company, SimBOX, a physician-focused and continuing education subscription box company, and InnovatiVe, a catheter insertion assisting device company, are among the advancing teams.

All five teams will win monetary awards pending placement, with first place earning $15,000, while second place earns $8,000 and third place earns $6,000. Fourth and fifth place will each earn $3,000. The five teams will give their final presentations on April 23 before ranking will be determined.

All five teams will get monetary rewards based on their rank, with first place receiving $15,000, second place $8,000, and third place $6,000, respectively. The fourth and fifth places will each get $3,000 in prize money. Before the ranking is established, the five teams will deliver their final presentations on April 23.

Source: Pittsburgh Inno – Five teams advance to final round of Duquesne University’s New Venture Challenge