CaraSolva wins business-plan contest

BOULDER – CaraSolva Inc. took first place in the Ninth Annual Business Plan Competition sponsored by the Bard Center for Entrepreneurship at the University of Colorado Denver’s School of Business.

Boulder-based CaraSolva provides Web-based software designed to automate and simplify the daily tasks performed by nurses and professional caregivers in long-term nursing facilities, hospices, host homes and group homes.

The competition is for Colorado-based companies that have not yet received angel or venture-capital funding. The competition began with 83 applicants, and each of the six finalists had 15 minutes to pitch its business plan and make its case to a three-judge panel.

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CaraSolva received $10,000 and was also awarded a $5,000 prize sponsored by Humana and $1,000 from UMB Bank as an industry sponsor.