Winners Of The University Of Chicago's New Venture Challenge

CHICAGO (CBS) -- We now know who won the University of Chicago's New Venture Challenge.

It's a competition for budding entrepreneurs that CBS 2's Jim Williams told you about earlier this week.

The grad students vie for money to start their businesses. This year's winning teams got a record $1.5  in investments.

First place goes to Andes STR which helps people manage rental properties. Their prize: $660,000.

 

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