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Two early-stage companies received commitments for funding at the annual Olin Cup awards ceremony Feb. 7 at the Olin Business School. The top award of $50,000 went to Is That One Good? (ITOG), a Web site (itog.com) that allows users to generate relevant, accurate product recommendations, hold meaningful discussion about the products and discover new […]

Release embargoed until 9 p.m. Feb. 7, 2008. Two student-owned business startups won the top honors at the Olin Cup Competition award ceremony Thursday, Feb. 7. The first place award of $50,000 went to Is That One Good? an internet web site where consumers can compare notes on goods and services. The second place, $25,000 prize went to MedExceed, a medical device company. The awards were announced at a ceremony on Feb. 7 at Washington University in St. Louis. Arnold W. Donald, former chairman of Merisant and current president and chief executive officer of the Juvenile Diabetes Research Foundation International was the keynote speaker.

Two teams of entrepreneurs have won Washington University’s 2005 Olin Cup. Somark Innovations, Inc. and iMobile Access Technologies, or iMAT, will receive a total of $70,000 in seed funding for their enterprises. An additional $5,000 grant for student projects will be split between two winners: HomeWUrk and Suzanne Shenkman Designs. The awards were announced Dec. 1 at a ceremony featuring Robert J. Skandalaris, founder and chairman of Noble International.