Picasolar’s 2013 successful run in national business-plan competitions is reminiscent of past University of Arkansas startups. Here’s a look at five teams formed over the past five years in the entrepreneurship program at the UA’s Walton Business College that are becoming viable businesses: Movista, cycleWood Solutions, Boston Mountain Biotech, Silicon Solar Solutions and BiologicsMD. Movista signed its first national client, Tempur-Pedic, in 2012 and now has eight national clients on board. Its forecasted revenue growth has increased 10 fold from last year. Starting with co-founders April Seggebrush and Stan Zylowski, Movista now employs 22 and has expanded beyond retail to other sectors with opportunities for more expansion in service, education, energy and food service. CycleWood completed its first biodegradable bag in April and has developed an injection molded cup with 50 percent lignin content. With more than half a million dollars raised, it will be hiring beyond its two full-time employees soon. Click here to read the full article from Arkansas Business.
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