Business-plan contest at BYU culminates Friday

PROVO — Brigham Young University's Business Plan Competition culminates Friday when the judges select the most promising new enterprises.

More than $100,000 in cash and business services are at stake.

The final event, where one of three finalist teams will walk away with the grand prize valued at $50,000, will take place at 2 p.m. in 140 of the Joseph Smith Building on the BYU campus. A panel of business and venture capital professionals will award second- and third-place teams $35,000 and $20,000, respectively, in cash and in-kind services. Additional cash prizes will be given to semifinalists and honorable mentions.

Judges began with 79 business plan entries submitted by students from more than 30 majors. Finalists are KAM Accelerometer Inc., touting an electronic personal fitness device that measures expended kinetic energy; Precision Surveying Solutions, selling a data-collection device for surveyors and civil engineers; and Teton Recreation Cabins, purveying affordable, easy-to-assemble, pre-fabricated cabin kits for families and camp directors.