Aquaculture concept leaves judges 'goggle eyed'

Apr 29, 2008

Ronald Hoenig and Aaron Welch, both graduate students at the University of Miami (UM) Rosenstiel School of Marine UM Rosenstiel School students take home top prize in B-School's 6th Rothschild Entrepreneurship Competitionand Atmospheric Science, won first place in the High-Potential Venture category at this year’s 6th Annual Leigh Rothschild Entrepreneurship Competition. The two Marine Affairs and Policy students won $8,000 for their sustainable aquaculture concept designed to produce and sell valuable bait fish, known locally as the "goggle eye," to bait retailers throughout the state of Florida.

Sponsored by the UM School of Business, the award represents student entrepreneurship at its best. With 91 entries, winners were awarded cash prizes totaling $34,000 in six separate categories.

Welch grew up in Bradenton, Fla. and received his undergraduate degree from the University of North Carolina. He won the Rosenstiel School’s 2007 Iverson Award for Aquaculture. Hoenig grew up in Greenwich, Conn. and received his undergraduate degree from Brown University. Both will receive their Master’s degrees this year, and plan to pursue Bait King and other sustainable aquaculture projects after completing graduate school.

Established in 2003 by UM alumnus and successful entrepreneur Leigh M. Rothschild, the competition is open to all University of Miami students. Individuals or teams of students must first submit a concept synopsis, outlining a novel idea for a product, service, or business in one of the two categories. This year, from a total of 91 submissions, 22 went on to the second stage to be formalized into detailed business plans. Sixteen finalists were then chosen to present to a panel of judges comprising local business executives and venture capitalists from across the country.

"The real value of the competition is not the money," said Rothschild at the awards ceremony. "The simulation of the real-world experience that these students get by presenting their ideas to the judges is the ultimate dividend."

Source: University of Miami Rosenstiel School of Marine & Atmospheric Science

Explore further: Climate change increases risk of crop slowdown in next 20 years

add to favorites email to friend print save as pdf

Related Stories

Swerve left to avoid that satellite

Jul 09, 2008

Think you have trouble getting rid of the clutter in your living room? After more than 50 years of launching rockets and satellites into space, the human race now has to deal with the clutter left behind -- or is it "above"? ...

Recommended for you

'Shocking' underground water loss in US drought

Jul 24, 2014

A major drought across the western United States has sapped underground water resources, posing a greater threat to the water supply than previously understood, scientists said Thursday.

User comments : 1

Adjust slider to filter visible comments by rank

Display comments: newest first

NeilFarbstein
3 / 5 (2) Aug 31, 2009
big deal