(BLOOMINGTON) - Two student teams from Indiana University are sharing a $200,000 investment for their ideas for startup businesses.
The university says one of the teams created a real-time, interactive social platform for users to experience sports and live events with friends and other fans. The other created an Internet-based tuxedo rental business that provides online fittings via webcams. Each company will receive a $100,000 investment.
The companies were founded by students from Kelley School of Business and the School of Informatics and Computing.
The winning teams will work with a mentor group of CEOs and entrepreneurs.
Fourteen private business owners who invested in the 2013 competition judged the 32 submissions received from IU-Bloomington students.
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