The University of Kentucky’s (UK) student entrepreneur team Race Assured placed fourth at the Idea State U finals competition April 22-23 at the Griffin Gate Marriott in Lexington.
The team of Julia Fabiani, an undergraduate in equine science and physiology; Stefanie Pagano, a graduate student in biomedical engineering; and Ben Martin, a graduate student in finance and agricultural economics, received $7,500 for their win in the business plan category.
The Race Assured team presented a business plan for a blood test which can potentially predict injuries in horses well before serious problems occur. The team also won the Georgia Bowl intercollegiate entrepreneurship competition hosted by Georgia Tech.
The competition included presenting their business plan or model to a panel of judges, a written proposal, marketing video, display, and elevator pitch. The Kentucky Office of Entrepreneurship, part of the Kentucky Cabinet for Economic Development, oversees Idea State U.
UK’s student entrepreneur teams are mentored and coached through the UK Venture Challenge annual competition and the Venture Studio Bootcamp. Venture Challenge is part of iNET in the College of Communication and Information. Venture Studio Bootcamp is part of the Von Allmen Center for Entrepreneurship and Lexington Office of the Kentucky Innovation Network, in the Gatton College of Business and Economics.