Students of many different majors at Michigan Tech University attended the annual Bob Mark Memorial Elevator Pitch Competition.
Eighteen different teams pitched their business plans in hopes of winning the first place prize of $1,000. Some of the students' ideas ranged from newspaper applications to a new form of medical information codes.
"Students learn how to sell their idea and sell themselves in a very short period of time," said Dr. Darrell Radson of MTU. "They have to learn communication skills, and they have to learn how to have confidence in themselves to pitch this idea in a very short period of time."
The judges were made up of local business owners and entrepreneurs. Audience members did get a chance to participate by voting for their favorite team.
This event started in 2007, and it has opened the doors for student entrepreneurs.