Published April 24, 2024
CAPTION: Team members Lane Degenhardt (left) and Rich Simmerman (right) hoist the first-place Entrepreneurship
Pelican Cup trophy. Their company, Cantaloupe, took home the $50,000 grand prize in the business plan competition.
MONROE, LA 鈥� The Entrepreneurship Pelican Cup hosted its third annual awards luncheon on April
19, 2024, at ULM鈥檚 Bayou Pointe Event Center. The luncheon was the culmination of
the entrepreneurship competition, with $96,000 in prize money awarded to the three
top teams, including their faculty advisors, and the winner of the live elevator pitch
competition, voted on by attendees of the luncheon.听听
Cantaloupe, a team comprised of students from Tulane University and Southeastern Louisiana
University, took home the first-place prize of $50,000. Their business plan is a software
solution to aid businesses in the food service and hospitality industry with hiring
and help reduce turnover. Cantaloupe features team leaderRich Simmerman, team membersJoshua Anderson and Lane Degenhardt, and advisor Jane Cooper. 听
The second-place prize of $25,000 was awarded to Tipzy, a team from Tulane University.
Tipzy is a software platform designed to simplify the process of receiving and managing
songs requests in bars, catering to both bar owners and patrons. Tipzy features team
leaderJosh McCoy, team membersJake Marzullo and Tenley Gorman, and advisor Rob Lalka.听
Third place and a prize of $10,000 went to Trigworks, a team from ULM. Trigworks is
a device that aims to revolutionize muscle care with eco-friendly, heat equipped massage
tools. Trigworks features team leaderJanet Stopka, team members Mackenzie King, Viktor Motov, and Valeryia Turbskaya, and
advisor Veronkia Humphries. 听
The advisors from each of the top three teams also each received a $3,000 prize.听听
The winner of the live elevator pitch competition was Supriya Pudasainy from Sketchman.
Pudasainy won the $2,000 prize after receiving the most votes from attendees of the
luncheon, who voted via text message after hearing 90-second pitches from each team.听Sketchman
is an application powered by AI that is designed to create criminal sketches based
on witness descriptions听for law enforcement use.听 听
In its third year, The Entrepreneurship Pelican Cup expanded its eligibility and was
open to teams from any four-year university or college in the state of Louisiana.
The contest received 22 entries and included teams from the University of Louisiana
Monroe, University of New Orleans, Tulane University, Southeastern Louisiana University,
University of Louisiana Lafayette, Centenary College of Louisiana, and Northwestern
State University. 听
Dhu Thompson, Premier Sponsor and Founder of The Entrepreneurship Pelican Cup provided
remarks at the luncheon.听听
After thanking those who helped make the competition happen and recounting his own
entrepreneurial experiences, Thompson spoke directly to the student competitors. He
told the students that failure is an inevitable part of being an entrepreneur. 鈥�Once you fail, you鈥檒l begin to see through the eyes of experience. When you begin
to succeed, you will accomplish goals you never imagined,鈥� said Thompson. He also
encouraged them to set goals, stating that 鈥渞eal self-confidence comes from establishing
goals and achieving them.鈥� 听
About The Entrepreneurship Pelican Cup听
Open to all majors with cash prizes totaling $96,000, The Entrepreneurship Pelican
Cup is the premiere business plan competition for Louisiana. It provides an opportunity
for students to develop critical thinking, team building, presentation, and other
soft skills which are all important to career growth.听 The goal is to inspire participants
and the community to think entrepreneurially by rewarding creativity, professionalism,
and hard work.听 Twenty-two teams submitted written, formal business plans which were
reviewed and scored independently by a panel of sixteen volunteer judges made up of
business owners and investors. The panel of judges later deliberated in groups to
select the six finalist teams.听听
The six finalist teams presented in-person oral presentations, held March 26th at The Hangar on the ULM campus. Six volunteer judges dedicated their time to listening
to each team present their business plan and supporting visuals. The judges then deliberated
and selected the first, second, and third-place winners.听听
The Entrepreneurship Pelican Cup was founded by distinguished ULM alumnus Dhu Thompson.
Thompson is the founder, past owner, and former chairman of the board for Delta Plastics,
producer of agricultural irrigation tubing, and the largest recycler of plastics in
Arkansas. He is also the former owner and past chairman of the board for Revolution
Bag, which manufactures EPA-compliant trashcan liners. Thompson鈥檚 honors include 2004
Arkansas Business Executive of the Year and SBA Person of the Year. In 2019 he sold
the Revolution brands to a New York private equity firm and now focuses on entrepreneurship
growth in Arkansas and Louisiana.听 In 2023, Thompson received the Warhawk Ambassador
Award, one of ULM鈥檚 highest honors. Earlier in 2024, Thompson was inducted into the
Arkansas Business Hall of Fame. 听
For more information about The Entrepreneurship Pelican Cup, visit 听
For more photos from the 2024 Entrepreneurship Pelican Cup Awards Luncheon, click
. 听
To watch the video of the Awards Luncheon, click 听
