Tears for Life and their faculty mentor, Carol Reeves, have won the 2009 John A. White Award for Faculty-Student Collaboration. This partnership has won or placed in five business plan competitions across the country, earning more than $85,000.
The team includes three students pursuing a Managerial MBA — Jared Greer, Bessie Williams, and Chris Elizer — and an honors undergraduate student, Jordan Greer.
The students’ company, Tears for Life LLC, is a medical diagnostic equipment company that is licensing technology from the University of Arkansas for Medical Science. The UAMS diagnostic equipment tests for proteins found in tears to detect breast cancer. UAMS Bio Ventures — as well as more than 15 business people — advised the team on its plan.
This spring the Tears of Life team won first place and $25,000 in the Donald W. Reynolds Tri-State Cup and $1,000 for graduate elevator pitch in Las Vegas; first runner-up and $5,000 and first place for best presentation in the Superbowl of business plan competitions, the Global Moot Corp Competition at the University of Texas; first place and $10,000 and second place in trade show at University of Cincinnati Spirit of Enterprise MBA Business Plan Competition; first place and $20,000 at Tulane University Business Plan Competition; and first place graduate, $20,000 and $5,000 innovation award at the 2009 Arkansas Donald W. Reynolds Governor’s Cup.
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