  {"id":1520,"date":"2012-03-12T14:38:40","date_gmt":"2012-03-12T19:38:40","guid":{"rendered":"https:\/\/uwm.edu\/news\/?p=1520"},"modified":"2015-10-26T21:23:28","modified_gmt":"2015-10-27T02:23:28","slug":"watercoolertm-wins-new-venture-business-plan-competition-at-uwm","status":"publish","type":"post","link":"https:\/\/uwm.edu\/news\/watercoolertm-wins-new-venture-business-plan-competition-at-uwm\/","title":{"rendered":"\u2018WatercoolerTM\u2019 wins New Venture Business Plan Competition at 51ÁÔÆæ"},"content":{"rendered":"<figure id=\"attachment_1522\" aria-describedby=\"caption-attachment-1522\" style=\"width: 600px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1522\" title=\"Watercooler_j\" src=\"https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j-1aga5ux.jpg\" alt=\"New Venture competitors\" width=\"600\" height=\"223\" srcset=\"https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j-1aga5ux.jpg 600w, https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j-1aga5ux-300x112.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><figcaption id=\"caption-attachment-1522\" class=\"wp-caption-text\">Present at the 2012 New Venture awards presentation were(left to right): V. Kanti Prasad, Lubar School\u2019s Bostrom Professor of Entrepreneurship and faculty director of the International Business Center; Carlton Reeves and Austen Scudder, second prize winners; Jennifer La Macchia, competition sponsor; James H. Hunter III, Bostrom Entrepreneur-in-Residence; Dan Matr\u00e9, first prize winner; Shawn Conaway, third prize winner; Rita Derleth, competition coordinator and Dwayne M. Wilson, third prize winner.<\/figcaption><\/figure>\n<p style=\"text-align: center\">\n<p>University of Wisconsin-Milwaukee alumnus Daniel A. Matre (\u201908 Executive MBA) was awarded the $7,500 grand prize in the New Venture Business Plan Competition at 51ÁÔÆæ\u2019s Lubar School of Business. Matre presented his plan for WatercoolerTM to a panel of independent judges, besting six other plans in the final competition.<\/p>\n<p><a href=\"https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j2-27ukaiq.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-1521\" title=\"New Venture \" src=\"https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j2-27ukaiq.jpg\" alt=\"\" width=\"325\" height=\"488\" srcset=\"https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j2-27ukaiq.jpg 325w, https:\/\/uwm.edu\/news\/wp-content\/uploads\/sites\/41\/2012\/03\/Watercooler_j2-27ukaiq-200x300.jpg 200w\" sizes=\"auto, (max-width: 325px) 100vw, 325px\" \/><\/a>WatercoolerTM will manufacture, market and distribute H2_OpstationsTM \u2013 devices that replace existing wall-mounted drinking foundations. The stations provide clean, cold, filtered water dispensed into customer-provided reusable water bottles as a substitute for bottled water. A wall-mounted HD flat screen monitor is included to facilitate advertising revenues in addition to cash flows from direct purchase of water.<\/p>\n<p>The New Venture competition is designed to foster entrepreneurial spirit among 51ÁÔÆæ students and alumni, promote practical business skills and encourage the creation of new, for-profit ventures. It is made possible by private support from La Macchia Enterprises, the parent company of Mark Travel and Trisept Solutions.<\/p>\n<p>Judges included Robert De Vita, Common Ground Health Care Cooperative; Alan Katz, retired, Katz Bagels; Joe Kirgues, 94Labs.com; V. Kanti Prasad, Bostrom Professor at the Lubar School; and Paul Stewart, PS Capital Partners LLC.<\/p>\n<p>Earning the second-place award was Spork, a location-based social-networking, local-search and business-advertising service that focuses on connecting customers to restaurants through a website and mobile applications. Carlton Reeves (doctoral student, Mechanical Engineering) and Austen Scudder (\u201911 MSE Mechanical Engineering) presented the plan.<\/p>\n<p>Two plans tied for third place. Dwayne M. Wilson (Marketing student) was recognized for his plan for Ear Bud Buddys, an earbud attachment that allows users to custom fit their earbuds to their personal ear shape and size. Shawn Conaway (MBA student) presented his plan for Jellyfish Publishing, a vanity press that provides services for self-publishing authors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>51ÁÔÆæ alum  Daniel A. Matre (\u201908 Executive MBA) was awarded the $7,500 grand prize in the New Venture Business Plan Competition at 51ÁÔÆæ\u2019s Lubar School of Business.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":"","uwm_wg_additional_authors":[]},"categories":[174],"tags":[],"section":[],"display_categories":[],"related-coverage":[],"uwmnews-feed":[],"class_list":["post-1520","post","type-post","status-publish","format-standard","hentry","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.3 (Yoast SEO v27.3) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>\u2018WatercoolerTM\u2019 wins New Venture Business Plan Competition at 51ÁÔÆæ<\/title>\n<meta name=\"description\" content=\"51ÁÔÆæ alum Daniel A. 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