Moot Corp director to open Nasdaq session

Austin Business Journals
August 20, 2003

Gary Cadenhead, director of the University of Texas' Moot Corp business plan competition, will help open Monday's session of the Nasdaq stock exchange.

Cadenhead will do the honors along with the winner of the 2003 competition, Kidsmart Corp. of the University of Georgia. Kidsmart won this year's $100,000 prize with its plan for a child-friendly vocal smoke detector.

Founded in 1984 by two UT MBAs, Moot Corp is the world's first and largest intercollegiate competition for new ventures.

This year, teams from 30 universities in 10 countries competed in the business plan competition, which simulates the process of entrepreneurs soliciting startup funding. Panels of venture capitalists, entrepreneurs, attorneys, CEOs and accountants judged the teams.

About half of each year's teams launch their ventures after the competition.

Austin-based Isochron Data Corp. was a Moot Corp winner. The company, which developed wireless technology to monitoring vending machines, was sold to private investors in 2002.

© 2003 American City Business Journals Inc.