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Very smart smartOps wins local competition

Saturday, April 15, 2000

By Ken Zapinski, Associate Editor/Business

How's this for a mouthful: "an integrative framework using algorithmic advances to calculate inventory levels in complex, multi-stage supply chains."

A panel of local financiers was impressed enough by that business idea that it awarded the team that developed it $50,000 as the top winner in the EnterPrize regional business plan competition that concluded last night.

The competition was intended to bolster Pittsburgh's entrepreneurial community by awarding money to promising business ideas. Thirty-nine proposals were submitted for the competition's final phase, which kicked off last fall.

The six-member team is led by Sridhar Tayur, a professor of operations and manufacturing at Carnegie Mellon University's Graduate School of Industrial Administration and CMU graduate Faustino Santana. It won $10,000 in an earlier round of the competition.

Two plans won $25,000 each as runner-ups: PanGo Networks Inc., an enabler of proximity-driven computing for short-range wireless networking of mobile devices, which also won $10,000 earlier in the competition; and Sentek Group Inc., a point-of-care medical diagnostic technology licensed from the University of Pittsburgh.

EnterPrize is organized by CMU, Pitt, Duquesne University, McKesson HBOC Automated Healthcare, McKinsey & Co., Innovation Works and the Pittsburgh Technology Council.

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