Last week, seniors Michael Crowe, Alex Nelson and Evan Malcom placed first in the OBU business plan competition with their plan for PUREnovation, Inc.
“Our business is called PUREnovation. Our core competency is converting traditional gas powered vehicles to Compressed Natural Gas or CNG,” said Crowe, CEO of PUREnovation. “When I came up with the idea for PUREnovation I wanted to save people money while also improving their quality of life and standard of living.”
Six teams competed in the annual competition, judged by four business professionals. Each group gave a 20-minute presentation, followed by a 15-minute question and answer period during which the judges asked further questions about each team’s plan and financial information
Teams began working on their ideas last semester and plans were due before finals week of fall semester.
“It’s been an amazing journey so far,” said Nelson, CFO of PUREnovation. “With vision and some more hard work, we can’t wait to see where the next road leads.”
Sergiu Postolache, Teodor Anghel and Joao Faria came in second with their plan for GlobScho. Junior Alex Young placed third for WaterPulse Technologies. The three placing teams will compete at the OBU/HSU business plan competition Wednesday, Feb. 5
Senior Rachel Hooker serves as senior accountant for PUREnovation and senior Stephanie Chontos is the project’s design manager. The group’s faculty advisor is assistant professor Jeannie Curry.
