LOUISVILLE, Ky. – TheraBracelet, a team of four University of Louisville MBA students marketing a wristband designed to improve hand movement, finished third in the Global Venture Labs Investment Competition in Austin, Texas, May 1-3.
Matthew Raggard, Kacie Neutz, Nick Phelps and Leah Enders, who competed in a field of 38 teams at the international contest, claimed a $3,000 prize.
The UofL team is marketing a bracelet designed to improve hand movement in people who have had strokes or who suffer from other nerve disorders. The non-invasive device delivers low-pressure signals to a person’s wrist, improving reaction times and enhancing overall movement.
Global Venture Labs is designed to mimic the real-world process of raising venture capital. The contest allows graduate business students to gain real experience while developing and growing new ventures based on their own ideas.
TheraBracelet claimed prizes at two other contests in April, winning $101,000 at the Rice Business Plan Competition and another $2,500 as runner-up at the Oregon New Venture Championship.
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