The Umaine business challenge is a COLLEGIATE business plan COMPETITION OPEN TO ALL STUDENTS ATTENDING A COLLEGE OR UNIVERSITY IN THE STATE OF MAINE, pROVIDing STUDENT ENTREPRENEURS WITH the OPPORTUNITY TO COMPETE FOR over $20,000 in cash and consulting prizes to help kick-start their business!


Announcing the Winners of the 8th Annual UMaine Business Challenge!

The UBC Team and Business Lending Solutions are pleased to award the following teams with cash prizes to help kickstart their business:


First Place: Zephyrus Simulations

Patrick Breeding, a master's student at the University of Maine, took home the First Place prize of $5000! The prize money will help bring Patrick and his team one step closer to accomplishing their goal of making medical education available to everyone.


Second Place:

207 Backpacks

Justing Gagnon and Cody Lyons – the team behind 207 Backpacks – took home the Second Place prize of $1000! They'll be using the funding to help develop their modular backpack system geared towards adventurers and photographers like themselves.


Innovation Prize: IoTato

Nicholas Lajoie, a senior at the University of Maine, took home the $5000 Innovation Prize sponsored by UMaine alumni Bruce Fournier, and the Fournier Family Foundation for his company IoTato.

Again, congratulations to our winners – we look forward to seeing what they accomplish with their businesses! Additionally, the UMaine Business Challenge is grateful for the support of our naming sponsor, Business Lending Solutions! We'd also like to thank the entrepreneurial community that can be found across the state of Maine. We can't wait for next year! 

For more information on the 2018 Competition, check out this feature in Maine Startups Insider!

The UMaine Business Challenge

Presented by Business Lending Solutions

Open to ALL students attending a College or University in the state of Maine, the UMaine Business Challenge is a collegiate pitch competition that provides student entrepreneurs with an opportunity to compete for $5000 to kick-start their business! 





The UMaine Business Challenge (UBC), presented by Business Lending Solutions, provides collegiate entrepreneurs with the support necessary to transform their business dreams into reality. The 2019 competition, open to all students attending a Maine College or University, includes over $20,000 in cash and consulting prizes.  The UBC’s mission is to contribute to the long-term growth of Maine’s economy while also supporting entrepreneurial and student development.



The UBC was founded with the mission to support student entrepreneurs in turning their business dreams into reality.

Letter from the Founders →