Ten teams of students on Wednesday will vie for $100,000 in seed money to develop their technology-based projects in the second annual CPXi VentureTech Challenge, sponsored by alumnus and Board of Trustee member Mike Seiman, the chief executive officer of CPXi.
The 2014 CPXi VentureTech Challenge will kick off at 11:15 a.m. on Wednesday, Sept. 17 in the John Cranford Adams Playhouse, South Campus. The event is free and open to the public.
The student teams have spent several months developing innovative ideas for new technology-based products. At Wednesday’s competition, they will present their projects, business plans and market research to a panel of judges including CPXi officials, industry professionals and Hofstra faculty.
∗∗∗∗∗∗ FIND OUT WHICH TEAM WON! ∗∗∗∗∗∗
First prize is $50,000 and second prize is $20,000. Three additional prizes of $10,000 each will also be awarded. This year’s competition includes students from the School of Engineering and Applied Science, the Frank G. Zarb School of Business, the Hofstra College of Liberal Arts and Sciences, and the Hofstra North Shore-LIJ School of Medicine.
Seiman, a computer science alumnus, co-founded CPXi while he was still a student at Hofstra University. The company, with annual revenue of more than $120 million, was included on Inc. magazine’s list of the fastest growing privately held advertising/marketing companies in 2008 and 2009, and Seiman was selected as a semifinalist in Ernst & Young’s Entrepreneur of the Year initiative in 2009, 2010 and 2013.
Photo: First place winners from the 2013 CPXi VentureTech Challenge receiving their prize from CPXi CEO Michael Seiman and Hofstra President Stuart Rabinowitz.