Xconomy -- Though Angelique Johnson is pleased her team won the $27,000 top prize in the Michigan Business Challenge earlier this year, the University of Michigan student, who’s earning a doctorate in electrical engineering, says the competition was not just about money.
“Coming from the engineering side, I had a piece of technology, I did not know how to turn that into a company,” Johnson says. “I knew it was exciting, I knew it was useful, but I did not know how to commercialize it.”
Over 50 student startups competed in this year’s challenge, in which students must develop a business plan in four months.