The team consisted of Joshua Cox, a graduate student in management, John Paderi and Kate Stuart, post-doctoral researchers in BME, and Alyssa Panitch, Associate Professor of Biomedical Engineering. Their $30,000 prize was announced at an awards dinner following a full day of competition, where 10 finalists gave their business plan presentations.

Second prize in the Gold Division went to BioRegeneration Technologies for their work to commercialize a naturally derived biomaterial scaffold for tissue regeneration following an injury. That team consisted of  graduate student Leonard Kim, BME alums Darryl Dickerson and Theresa Gordon, and Professor Eric Nauman. The Gold Division is open to Purdue graduate students, along with faculty, local entrepreneurs and Purdue alumni as supporting team members.

The late Burton D. Morgan established the competition in 1987 with an endowment gift to Purdue. Each team gets 20 minutes to present their business idea, and then has 10 minutes to field questions from the judges during the event. This year, a student on the top finishing team in each division is eligible for either an annual Krannert scholarship for a full-time MBA program or a seat in Krannert's two-week Applied Management Principles program ("mini-MBA").