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'Dot-Coms' Lag in Student Competition

May 22, 2000|ASHLEY DUNN

For the last few years, the best strategy to win UCLA's student competition for best new business idea was to think "dot-com."

Last year's winner was, a portal site for amateur sports that recently secured $4 million in funding. won the year before that with its idea of selling postal stamps over the Internet.

This year? Think "dot-gone."

Of the 32 Internet-related ventures that entered the Anderson School's 19th annual Knapp New Ventures Competition, only one made it into the final three.

First place went to biomedical engineering student Carrie Caulkins and MBA students Peter Nicholson and Anthony Colasin for their plan to market a nonsurgical method of treating degenerative disc disease, which afflicts a significant portion of people with chronic back pain.

For the Record
Los Angeles Times Monday May 29, 2000 Home Edition Business Part C Page 4 Financial Desk 1 inches; 25 words Type of Material: Correction
New ventures competition--An article in the May 22 Business section about UCLA's Knapp New Ventures Competition incorrectly listed the winners. Interneer tied for second place.

The students, who named their company Tergum Therapeutics, won $10,000 in prize money for their business plan.

Second place went to a venture named Gene-Cell Inc., which developed a method of injecting therapeutic genetic material into specific parts of the body.

The only Internet-related company to make the final three was Interneer, a software development company that also provides online services for engineering companies.

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