UNI Team Wins State-wide Business Plan Competition in December, 2000

Des Moines--The Pappajohn New Venture Competition was held on December 8, 2000 at the Des Moines Marriott. 112 student teams throughout Iowa entered the regional competitions by submitting a business plan to an Iowa college of university. Twelve student teams were selected from the 112 entries and competed in the state-wide competition. Six Iowa colleges and universities were represented. They were University of Northern Iowa, University of Iowa, Iowa State University, Drake, North Iowa Area Community College and Des Moines Area Community College.

The 12 teams submitted their business plan and made a formal presentation to John Pappajohn, Joe Dunham and Matt Kinley of Pappajohn Capital Resources, a venture capital firm located in Des Moines. UNI sent two student teams to the competition. They were KaiAudio (Kai Stark, UNI Management major) and TVi International (Trevor Hendrickson and Dmitry Kravtsov, UNI MBA student).

TVi International received one of three $5,000 awards. The other two awards went to Human Capital Company from the University of Iowa and Wireless Innovations from Iowa State University.

TVi International creates comprehensive marketing materials for companies focusing on web design and database solutions. They will use the money to purchase presentation equipment for the business.

UPDATE: The company successfully established itself in Minneapolis and experienced rapid growth. The growth was not controlled and eventually the owners decided to close the business.