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Two students win statewide entrepreneur competition
Iron Range Engineering students Matt Hudson, Eric Schaupp
Two Iron Range Engineering students are winners of the 2011 Minnesota Cup for entrepreneurial innovation.
Broadcast on Fox 21 News, Duluth-Superior [8/31/2011]
Two Iron Range Engineering students are winners of the 2011 Minnesota Cup student division competition.
Matt Hudson and Eric Schaupp, students in Minnesota State University, Mankato's Iron Range Engineering program at Mesabi Range Community & Technical College in Virginia, Minn., on Tuesday, Aug. 30, at the Carlson School of Business in Minneapolis, were named winners of the statewide 2011 Minnesota Cup Student Division competition.
The annual competition seeks out breathrough ideas from Minnesota's aspiring entrepreneurs and inventors.
Hudson, of Shoreview, Minn., and Schaupp, of Andover, Minn., will receive $10,000 in seed capital for engineering a small, lightweight, portable power generator that can run on multiple fuels.
The two plan to use the seed capital to continue development of the generator.
They are also seeking to establish a business relationship with a company under which the generator would be manufactured.
Hudson and Schaupp said they hope the generator will change the way electricity will be provide3d throughout the world.
"We believe it's going to make a difference in the world," Hudson said.
"What we want to do is target third world countries where a generator like this is needed".
According to Hudson and Schaupp, the generator is a combination of two technologies and is capable of producing enough power to charge a cell phone all the way to powering an entire building.
"Both of us are interested in clean tech and clean energy and wanted to develop a generator that can efficiently produce electricity," said Schaupp.
"After rehearsing one final time before the [Minnesota Cup] finalists review board, we felt confident in our presentation."
As winners of the Student Division, Hudson and Schaupp will present their engineering innovation to the MInnesota Cup Grand Prize Review Board in the 2011 Minnesota Cup overall winner competition on Sept. 8.
The overall winner receives $25,000 in seed capital and business services.
For the complete Fox 21 story, click on http://www.fox21online.com/news/two-iron-rangers-win-engineering-award.