Oklahoma entrepreneurs represented their state well this week at the W. Reynolds Tri-State Collegiate Business Plan competition in Las Vegas, winning second place in graduate and undergraduate divisions.
Students from Oklahoma City University came in second in the graduate division for their Hexakit business plan, while the University of Oklahoma student team won in the undergraduate division for Renephron Pharmaceuticals.
Each team won a cash prize of $15,000, which can be used to help bring their businesses to market. Hexakit team member and junior accounting major Timothy Harlin said he will likely use his share to help finish school.
"The tri-state event was a great finish to this experience," Harlin said Thursday after leaving Las Vegas. "I really wanted to measure myself against other plans outside Oklahoma, because sometimes when you do regional stuff you wonder if you're just a big fish in a little pond. Evidently, our region is pretty good."
The event, underwritten by the Las Vegas-based Donald W. Reynolds Foundation, followed individual state finals in Oklahoma, Arkansas and Nevada. Hexakit also won the graduate division in the Oklahoma Governor's Cup competition, which focuses on business plans written to commercialize a technology. And the Renephron team won at the Oklahoma undergraduate level.
John Woodson, a member of the Renephron team, agreed with Harlin that the Governor's …