FAIRFIELD — Innovative ideas for an app to revolutionize the scope of social, platonic meet-ups and a wearable, infrared bone densitometer to easily detect weakness in bones were the grand prize-winners of Fairfield University’s Business Plan Competition. The FU undergraduates behind those ideas took home $7,000 (venture track) and $5,000 (social track) in prize money respectively at the April 14 finals at the Charles F. Dolan School of Business.
Plans for a golf course management system and a website to donate textbooks to help students who can’t afford them were the runners-up in the venture and social tracks, receiving $3,000 and $2,500 each in the process.
The venture track consisted of new business ideas with a commercial focus. The winners were “VentureOut” — an app to enable young professionals to gain access to microcosms of platonic, social meet-ups so that they can cultivate new friendships and network. The student team members were seniors Jennifer Le, Gina Biondi and Jessica Mendes.
The social track consisted of new organizations that attempt to resolve a pressing social problem that markets have failed to resolve. The winner was BoneSmart — a wearable, wireless, non-invasive medical device that will measure bone density and blood flow. Team members are Robert Garrone, Ralph Belfiore, Bernardo Navarro, Stephanie Sutherby and Michael Raymond. The device is also being developed for the School of Engineering’s Senior Design course.