LyoGo, formed by Rush Bartlett, Art Chlebowski and Peter Greco, took the top prize for graduate and undergraduate students and faculty. LyoGo has created a safe, one-step injection device that drastically reduces or eliminates the need for refrigeration of most therapies and can be used by any untrained individual.

"These winning student-led companies offer promise in taking the next step to becoming viable companies that may someday create jobs and help grow Indiana's economy," said Richard Cosier, the Avrum and Joyce Gray Director of the Burton D. Morgan Center for Entrepreneurship. "Purdue, through one of the nation's longest-running university business plan competitions, welcomes the role we can play to facilitate the business ideas of these bright and entrepreneurially minded students."

Indianapolis-based law firm Ice Miller LLP will provide in-kind legal and consulting services to LyoGo, and the Purdue Research Park will offer incubator space. A student on the top finishing team in each division also is eligible for an annual Krannert scholarship to its full-time MBA program. The student must apply within five years and meet admissions requirements. In addition, category winners are eligible for a seat in Krannert's two-week Applied Management Principles program, known as a mini-MBA, offered each May.

The Burton D. Morgan Foundation established the competition in 1987 with an endowment gift to Purdue, making it the nation's third longest-running business plan competition. The Burton D. Morgan Foundation also funded the $7 million, 31,000-square-foot Burton D. Morgan Center for Entrepreneurship, the first building to open in Discovery Park in 2004.