Arkansas
University of Arkansas Team Wins Bangkok Business Challenge
A startup focused on creating bio-based chemicals and fuels has become the first University of Arkansas team to win the prestigious Bangkok Business Challenge, earning nearly $20,000 at Asia’s longest-running global student startup competition.
ProPika, co-founded by Nhiem Cao and Angel Treat, specializes in converting billions of tons of unused agricultural waste into eco-friendly fuels and chemicals. The company’s innovation lies in its method of processing cellulose, a complex natural polymer found in all plants.
ProPika won the competition’s grand prize, H.M. The King of Thailand’s Award, securing $18,000 for their venture, with $2,000 allocated to the University of Arkansas. The event, hosted by the Sasin School of Management, took place June 20-22.
The team also earned $300 each for Best Business Plan, Best Presentation, and reaching the semifinal round. Additionally, ProPika received $500 as a Sustainability Award finalist.
Cao stated that the winnings will aid in further validating the technology and provide ProPika with a “little longer non-dilutive runway.”
“We plan on continuing the research and push it as far as we can,” Cao said. “There are some technical challenges we need to overcome. If we can break through those, this is definitely a homerun opportunity.”
Cao and Treat formed ProPika after enrolling in the entrepreneurship track of the Master of Science in Product Innovation (MSPI) program. This program, overseen by the U of A’s Office of Entrepreneurship and Innovation (OEI), develops the skills to create, launch and manage products within a startup or innovative industry environment.
David Hinton, executive director of U of A Technology Ventures, said ProPika utilized technology licensed from Technology Ventures, a process that helps bring U of A research to market. The team was embedded in the New Venture Development course sequence of the MSPI, led by Hinton and Sarah Goforth, former executive director of OEI.
Launched in 2002, the Bangkok Business Challenge has distributed more than $220 million in funding to startups. The competition aims to encourage scalable new ventures, provide an international business-matching platform, and create commercial value from research and development efforts.
This year’s event featured more than 200 applicants from 62 institutions across 19 countries, narrowed down to 20 teams competing in Bangkok for a $46,000 prize pool. ProPika was the sole U.S. representative, with other teams from Australia, Bangladesh, Canada, Hong Kong, Malaysia, Nepal, Taiwan and Vietnam.
“This was a truly international competition,” Cao said. “We wanted to represent the university and the state well. Hopefully, this is the beginning of a winning tradition for the University of Arkansas at the Bangkok Business Challenge.”
Treat emphasized that the victory demonstrated U of A’s capability to compete and excel on an international stage.
“We’re proud to bring this achievement home and hope it inspires future U of A teams to aim high and pursue their own groundbreaking ideas as well,” Treat said.
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Arkansas
5-Star Center Obinna Ekezie Jr. Reveals MCBB Commitment Between Kentucky, Louisville, Arkansas, More
One of the top basketball prospects in the class of 2027 has made his commitment.
Per On3’s Joe Tipton, 5-star center Obinna Ekezie Jr. is reclassifying to the class of 2026 and will play for Louisville this fall.
Ekezie is considered to be the No. 4 overall player and the No. 2 center in his class by 247Sports’ composite rankings. The Orlando, Florida, native is also the No. 2 player in his state.
The 7-footer had Arkansas, BYU, Kentucky and Maryland in his final group alongside Louisville, but ultimately went with Pat Kelsey and the Cardinals.
“I chose Louisville because it has everything I need in terms of winning and development. I have a great opportunity to develop and showcase my game at both the 4 and 5 alongside Flory Bidunga,” he told Tipton. “Louisville already feels like home to me and we’re going to be an incredibly competitive team. We’re striving to win a National Championship.”
Ekezie, of course, has dreams of playing at the professional level, and he felt moving up to the class of 2026 would help him reach those goals.
“After my high school season, I evaluated the rewards and risks and felt college was the right move for my development,” he said. “I get to practice every day against elite competition and develop at a much faster rate. I want to compete at the highest level and this gives me the best opportunity to grow as a player.”
The Cardinals have had a successful offseason, landing Kansas transfer center Flory Bidunga, Oregon transfer point guard Jackson Shelstad, Iowa transfer forward Alvaro Folgueiras, Arkansas transfer wing Karter Knox and more.
Now, Louisville will add even more talent in Ekezie.
Arkansas
Arkansas Derby winner Renegade finishes 2nd in Kentucky Derby
HOT SPRINGS, Ark. — Renegade, the Arkansas Derby winner, finished second Saturday in the Kentucky Derby, as more than 30,000 fans gathered at Oaklawn Racing Casino Resort for the final day of the racing season.
The race often called the “fastest two minutes in sports” drew strong reactions from the Oaklawn crowd, where fans watched together as one of their own track’s top horses competed on racing’s biggest stage.
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Renegade entered the Derby as one of the favorites after winning the Arkansas Derby in March. The horse’s second-place finish fell just short of a win, disappointing some bettors but still energizing the crowd.
“I’m cheering for Renegade, that’s where my money’s at,” said Chris Ho, Oaklawn’s vice president of marketing.
Fans across the venue said the day was about more than just the outcome of a single race, as Oaklawn wrapped up its racing season with large crowds and a festive atmosphere.
“I’m having a blast, losing some money but having some fun,” said attendee Zachary Willmuth.
The event brought together both longtime racing fans and newcomers experiencing the tradition for the first time.
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“I have an aunt who had a derby party every year, so I went every year,” said first-time Oaklawn visitor Jayna Monical. “This is the closest I’m going to be to the derby.”
Others said attending races at Oaklawn has been a longstanding tradition.
“As soon as I got my driver’s license at 16, I started coming here,” said Robert Trammell. “I’ve been doing it ever since.”
Despite some losing tickets, the crowd remained lively throughout the day, with cheering and celebrations echoing across the track during both the Kentucky Derby watch and Oaklawn’s final races.
For some, the experience ensured a return trip.
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“I think it’s exciting,” Monical said. “We have a whole crew that’s coming next year.”
Saturday marked the end of Oaklawn’s racing season, closing out months of competition in Hot Springs.
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Arkansas
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