Business-plan teams from the University of Arkansas and John Brown University dominated the 2012 Donald W. Reynolds Governor’s Cup Wednesday in downtown Little Rock. JBU teams took home five of 12 awards at the event, including the top two prizes in the overall undergraduate division, while UA teams swept the top three places in the overall graduate division. Teams from JBU and the UA took home top honors at last year’s competition as well. The top two finishers in both the undergrad and graduate divisions will represent the state next month at the DWR Tri-State Governor’s Cup in Las Vegas that pits business-plan winners from Arkansas, Oklahoma and Nevada. The Arkansas event is presented by the Arkansas Economic Acceleration Foundation, a division of Arkansas Capital Corporation. Gov. Mike Beebe usually presides over the event, but currently is in China promoting trade. John Tyson of Tyson Foods served as event chair. Winners represented a wide array of concepts. Simpler Solutions of JBU (home paint sampler) won the undergraduate division and a $25,000 cash prize; JBU’s Hydrovate (cattle watering system) won second place and $15,000 in prize money, while Vita Intelligent Labels of Harding University (labels that warn of expired food) took third and $10,000. Read the full article here from Arkansas Business.