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.

READ MORE: 'John Doe' Who Accused Former Blackhawks Video Coach Brad Aldrich Of Sexual Abuse Identifies Himself As Kyle Beach

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

READ MORE: Chicago Weather: Showers Coming Thursday

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

MORE NEWS: View Live Radar

 

CBS 2 Chicago Staff