A team of students from the MBA program at FSU won the 2008 OFC Venture Challenge Business Plan Competition and received $10,000 cash award. The event was held in Atlanta on April 19-20. The team also won the Best Written Business Plan award. The students competed against 20 teams from leading HBCU universities with graduate business programs. This is the second consecutive year that our MBA teams have received this distinction.
Overview of the Business Plan
Grain Life Technologies (GLT) is offering advanced post harvest technologies to the grain and seed industry, which will increase production efficiency significantly by eliminating post harvest loss in the agricultural field. GLT's technology maintains the living qualities of the crops by utilizing gentler, nonabrasive methods enabling grains to be stored over a period of many years with the same fresh quality as the first day they entered storage. These advantages come at a time when worldwide demand for various grains and seeds is growing at such a substantial rate that the growers and processors are continually challenged to increase the production efficiently.
