For Immediate Release – Lawton, OK, April 14, 2006
Cameron’s CETES launches LTEC contest
The next great invention or technology business is out there, and Cameron University wants to find it.
Cameron’s Center for Emerging Technology and Entrepreneurial Studies (CETES) launched the
Lawton/Fort Sill Technology Entrepreneur Contest (LTEC) this month with prizes valued at more than
$100,000.
“The Lawton/Fort Sill community is a remarkable area, and we are confident that a groundbreaking
invention or superior technology-based business is right here,” said Peter Abramo, Ph.D., Executive
Director of CETES. “CETES is committed to impacting economic growth in our surrounding community.
This contest is designed to not only spur such growth but to help make several inventors’ and
entrepreneurs’ dreams come true.”
Abramo added that the contest will provide the local community with an example of how to begin a new
business, as well as showcase the resources readily available in the local community.
Those who participate in LTEC must either have an idea and/or prototype for a product, or have a business
plan with technology focus. Each entry will be judged on idea concept, originality, creativity, marketability
and potential growth prospect. A panel of local experts will review all entries and select five semi-finalists.
“Each business proposal is encouraged to have an entrepreneurial team,” Abramo said. “The team must be
designed with individuals who will manage the new business and individuals who will be in charge of
technological development of the product.”
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LTEC, ADD ONE
Three winners will be selected from the five semi-finalists. The first-place business or idea will receive free
office space in the CETES incubator, intellectual property protection, market research, marketing, business
plan and prototype development, website creation as well as additional business development support.
LTEC is sponsored by a $130,000 Economic Development Enrichment Fund grant, received early this
semester from the Oklahoma State Regents for Higher Education, The grant, which is one of only five
awarded in Oklahoma, was part of a special initiative to support activities of economic, workforce and
community development initiatives that are within an institution’s strategic plan.
For full contest rules or to apply, call 580.581.5447 or visit the CETES website at www.cetes.org.
Application deadline is 5 p.m., Friday, June 9, 2006.
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Editors and Broadcasters: For more information, contact CU Government & Community Relations at
580.581.2211.