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UMD Shark Tank

UMD Shark Tank

2019 competition

April 30th, at 6:30 P.M. at the Marshall Performing Arts Center

This event is open to all UMD Students who have an innovative business idea. Entrepreneurs are able to pitch their idea to a panel of Duluth Business Professionals with the opportunity to win money to help fund their business idea.

Application open until March 18th 2019

First Place: $3,000
Second Place: $2,000
Third Place: $1,500
Audience's Choice: $500

2018 Winners
First Place: Kevin Swanberg - Locaspore, a negative waste urban mushroom farm
Second Place: Jacob Armstrong - a mobile app to help roofing contractors create damage reports for insurance adjusters
Third Place: Antonio Davis and Andrew Weisz - Bold and Brash Bandanas, a business that specializes in bandanas for cancer patients
Audience's Choice: Emma Kesler and Peter Schmitz - Rent Report, a business that connects the Duluth renting community

The UMD Shark Tank Competition is powered by Labovitz School of Business and Economics (LSBE) and the LaBounty Center for Entrepreneurship.

About the Center

The Labovitz School of Business and Economics (LSBE) established the LSBE LaBounty Center for Entrepreneurship in 2008 as a result of a generous gift provided by Roy E. LaBounty, founder of LaBounty Manufacturing and a long-time supporter of UMD.

Administered by the Labovitz School's dean's office, the new Center promotes entrepreneurship and business development initiatives throughout Northeastern Minnesota.

Roy LaBounty was an entrepreneur and prominent business leader in Northeastern Minnesota for many years. He was the founder and former president of LaBounty Manufacturing in Two Harbors, Minnesota. In 1999 he received the Lifetime Achievement Award at the annual Joel Labovitz Entrepreneurial Success Awards event. Mr. LaBounty died in November 2007.

The current initiatives include sponsoring a student internship at the Center for Economic Development, sponsoring faculty research in entrepreneurship, and the UMD LaBounty Entrepreneur Competition.