University of Iowa News Release
Dec. 15, 2004
UI Team Wins $5,000 In Pappajohn Business Plan Competition
A University of Iowa team has won a $5,000 seed capital grant in the statewide Pappajohn New Venture Business Plan Competition, earning the top honors among 13 finalists.
Joshua Dreyer and Igor Dobrosavljevic were recipients of one of three $5,000 awards in the competition, sponsored by venture capitalist John Pappajohn of Equity Dynamics Inc. and the five John Pappajohn Entrepreneurial Centers (JPEC) in Iowa.
Nominations were collected through the centers, and the 13 regional award winners from the UI, Iowa State University, Drake University, the University of Northern Iowa and North Iowa Area Community College advanced to the state competition Dec. 10 at the John Pappajohn Higher Education Building in Des Moines.
Dreyer and Dobrosavljevic's winning business plan was for Doctors Notes, which provides busy doctors with electronic medical record software for a Pocket PC to organize patient information. Dreyer and Dobrosavljevic say doctors can reduce time spent documenting a patients' progress, while hospitals can reduce mistakes caused by poor handwriting. The Doctors Notes software is already approved for use at the Mercy Medical Center in Des Moines, and the team plans to introduce the software to many more hospitals in coming months.
Dreyer is a UI political science major from Des Moines who will graduate this month; Dobrosavljevic, who graduated from Drake University with a computer science degree and a business minor, joined Dreyer on his UI team for the competition.
Two UI teams also received regional awards in the competition. Justin Glasgow, Sam Hartman, Jonathan Thompson and Brad Bartles wrote a business plan for Ergo Ingenieur, which would make ergonomically friendly medical equipment, such as a lamp used in eye examinations. The team of Samantha Terrell and Matthew Ternes also received a regional award for a business plan describing a gym and fitness class center called Corridor Fitness located in the Cedar Rapids-Iowa business corridor.
The regional award winners gave oral presentations to Pappajohn and his Equity Dynamics staff, which judged the business plans based on their content and viability. Two teams from Iowa State were awarded the remaining grants.
Pappajohn created the awards program in 2000 to encourage and help Iowa college students pursue their interests in starting their own companies.
STORY SOURCE: University of Iowa News Services, 300 Plaza Centre One, Suite 371, Iowa City, Iowa 52242-2500.
CONTACTS: Media: George McCrory, 319-384-0012, firstname.lastname@example.org; Program: Dawn Bowlus, UI John Pappajohn Entrepreneurial Center, 319-335-0985