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‘Dot-Coms’ Lag in Student Competition

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For the last few years, the best strategy to win UCLA’s student competition for best new business idea was to think “dot-com.”

Last year’s winner was Eteamz.com, a portal site for amateur sports that recently secured $4 million in funding. Stamps.com won the year before that with its idea of selling postal stamps over the Internet.

For the record:

12:00 a.m. May 29, 2000 For the Record
Los Angeles Times Monday May 29, 2000 Home Edition Business Part C Page 4 Financial Desk 1 inches; 25 words Type of Material: Correction
New ventures competition--An article in the May 22 Business section about UCLA’s Knapp New Ventures Competition incorrectly listed the winners. Interneer tied for second place.

This year? Think “dot-gone.”

Of the 32 Internet-related ventures that entered the Anderson School’s 19th annual Knapp New Ventures Competition, only one made it into the final three.

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First place went to biomedical engineering student Carrie Caulkins and MBA students Peter Nicholson and Anthony Colasin for their plan to market a nonsurgical method of treating degenerative disc disease, which afflicts a significant portion of people with chronic back pain.

The students, who named their company Tergum Therapeutics, won $10,000 in prize money for their business plan.

Second place went to a venture named Gene-Cell Inc., which developed a method of injecting therapeutic genetic material into specific parts of the body.

The only Internet-related company to make the final three was Interneer, a software development company that also provides online services for engineering companies.

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