LMU's Business Incubator Turns Out Winning Entrepreneurs

News provided by

Apr 23, 2013, 06:33 ET

LOS ANGELES, April 23, 2013 /PRNewswire-USNewswire/ -- Stephen Walden was digging in his parents' garden when the pain in his back ignited a spark of inspiration – a design for a new ergonomic shovel. A graduate student at Loyola Marymount University's College of Business Administration, Walden has turned that idea into Bosse Tools, a start-up company with a future.

Walden was one of the first students to participate in CBA's Business Incubator Lab, an entrepreneurship class taught by Professor David Choi.

Walden and his team took their shovel idea to the 2013 LeanModel Competition last month at San Diego State University and buried the competition. They won the "Pitch the Investor" competition, the "Tiger Tank" competition (based on the "Shark Tank" television show) and the Overall LeanModel Competition Award.

Walden walked away with $12,000 in prize money to invest in Bosse Tools and an invitation to compete for more money at the International Business Model Competition at Harvard University from Friday, May 3 to Saturday, May 4.

But Bosse Tools is not the only Incubator Lab success story. Another team won the Maverick Angels Idea Pitch competition in Los Angeles earlier this year with Morning Miracle, a cure for hangovers. Revita Ink, won LMU's internal pitch competition with a new skin cream revitalizes the colors in tattoos and Piglt is a crowdfunding website where individuals can raise money to help pay educational expenses and student loans. The Piglt team has raised seed money and launched a beta website.

For more information on the Incubator Lab and the businesses it has launched, please contact Celeste Durant at 310.338.7708.

About Loyola Marymount University
Located between the Pacific Ocean and downtown Los Angeles, Loyola Marymount University is a comprehensive university offering 60 major programs, 36 master's degrees and a doctoral degree in education from four colleges, two schools and Loyola Law School. Founded in 1911, LMU is ranked third in "Best Regional Universities/West" by U.S. News & World Report. LMU is the largest Jesuit Catholic university for undergraduates on the West Coast with more than 5,900 undergraduate students and more than 3,000 graduate and law students. For more LMU news and events, please visit www.lmu.edu/news.

SOURCE Loyola Marymount University