Peroxygen Systems Inc. won the finale in the latest “Tennessee Venture Challenge” hosted yesterday by the University of Tennessee’s Research Foundation (UTRF) and, with the win, a $20,000 cash prize.
Second place and $3,000 went to Farm Specific Technology LLC, while third place and $2,000 was awarded to CZ Nutrition. Farm Spec also garnered the most votes from the audience and a $5,000 prize from Launch Tennessee.
The competition was judged by Brian Laden of TriStar Technology Ventures, Grady Vanderhoofven of Meritus Ventures,Tim Wilson of Artiman Ventures, and Ken Woody of Innova Memphis.
The business plan competition culminated weeks of specialized programming and mentoring for the companies, each of which had at least one team member from a UT college or campus.
In addition to the winners, other participating companies were:
- Iono Pharma LLC;
- T&T Scientific Corporation; and