Showing posts with label Duke Start-Up Challenge. Show all posts
Showing posts with label Duke Start-Up Challenge. Show all posts

Friday, April 8, 2011

12th Annual Duke Start-up Challenge Grand Finale!

Overview
On Friday, April 8th, we hosted the Grand Finale of the 12th Annual Duke Start-Up Challenge.  This event was a showcase of entrepreneurship at Duke University. We had the seven finalists pitch for one-minute each to give our students, alumni, and online viewers a chance to see some of the most interesting startups coming out of Duke.

In addition to being a showcase, we awarded the $50,000 Grand Prize, a runner-up award (selected by a panel of judges prior to this event), audience choice award, and a $1,000 speaker’s choice award. A special thanks goes out Rich Lee and Melissa Bernstein for their generous contributions which helped make tonight’s prize money possible.



The evening began as hundreds of spectators welcomed J.B. Pritzker '87: a remarkable Duke alum, venture capitalist, philanthropist, and a champion of humanitarian work worldwide. After introductions from hosts Tim Canavan (Nicholas/Fuqua '12) and Vidhan Agrawal (Pratt '12), Pritzker addressed the audience with insightful lessons from his lifetime of entrepreneurship.




About J.B. Pritzker
- Keynote Speaker
J.B. Pritzker ’87 is an entrepreneur, technology venture capitalist and philanthropist. With degrees from Duke University (AB ’87), and Northwestern University School of Law (JD ’90), Pritzker is an attorney who has used his business, law and civic leadership ability to become a leading advocate for civil rights and young children in poverty. He founded one of the Midwest’s leading venture capital firms, New World Ventures, and co-leads The Pritzker Group, a private investment firm. Mr. Pritzker is also a principal owner of Hyatt Hotels Corporation and TransUnion Corporation. Also under his leadership, the Pritzker Family Foundation is one of the nation’s leading philanthropic organizations for early childhood education and development. He has also applied his entrepreneurial efforts as a tireless advocate for human and civil rights on a national and international scale; serving as Chairman of the Illinois Holocaust Museum & Education Center and a principal funder of the Cambodia Tribunal Monitor. He is a member of the Illinois State Bar Association and Chicago Bar Association and lives in Chicago with his wife and children.

J.B. had four lessons to share

  1. Be tenacious to the point of sheer lunacy.
  2. Don't let your setbacks and the cynics define you.  Let your actions do the talking.
  3. Find your own path.
  4. Remember that leadership matters.



The Pitches
Each team had exactly 1 minute each to convince the judges and audience why their start-up is worthy of thousands of dollars of investment and prizes. Tonight’s Finalists were:

70Sesame
A social mobile platform combining group messaging capabilities with target-driven coupon delivery designed for operation in China. Team Lead: Stephanie Chang, Pratt '11



HyTower Energy Storage
The HyTower system converts out of service water towers into power storage units. Their pumped-hydro system builds on proven technology to deliver safe, reliable energy storage at higher efficiency and lower cost than competing technologies. Company is planning to enter the $1.5B annual market for energy storage. Team Lead: Matt Kaufmann, Nicholas/Fuqua '11



Medici Medical Technologies
Medici develops innovative devices to restore control to women suffering from urinary incontinence. The company plans to provide a high control and high convenience solution for the 28 million Americans who suffer from urinary incontinence $20B is spent annually in this market. Team Lead: Jeff Kovick, Fuqua '11



Sidewalk
Sidewalk helps customers and businesses by uniting them together with time sensitive deals. Sidewalk makes it incredibly simple for local merchants to increase customer traffic and by helping people spend wiser. Team Lead: Rhianon DeLeeuw, Fuqua '11



ShelfRelief
The most efficient way to buy and sell university textbooks among college students. Team Lead: Tito Bohrt, Trinity '13



Accion Emprendedora USA
Accion Emprendedora will offer business management education, training and coaching for Hispanic entrepreneurs in North Carolina to help them overcome the barriers they have for growth and economic development. Team Lead: Ignacio Torres, Sanford '11



E-Clean
Plans to reduce hospital acquired infections through utilizing RFID tracking which will increase human hand hygiene compliance. Team Lead: Jessica Liu, Pratt '11






The Winning Teams

The judge’s choice grand prize was chosen by the judges of the investor pitch finals competition, and the audience choice prize was determined in real time via text message voting.


Winner of the Audience Choice Award:
Medici Medical Technologies



Winner of the $1,000 Speaker’s Choice Award:
Sidewalk



Runner-up to the Grand Prize:
70Sesame





AND THE WINNER OF THE $50,000 JUDGE’S CHOICE GRAND PRIZE:
HyTower Energy Storage
Thanks to Rich Lee for enabling us to double our grand prize





Congratulations HyTower Energy Storage and to all of tonight’s winners and competitors throughout Duke Start-up Challenge XI. And special thanks to contributors Rich Lee (Former CEO of Hosted Solutions) and Melissa Bernstein (Co-founder and Co-CEO of Melissa and Doug) and to all of the generous supporters and sponsors of Entrepreneurship at Duke. See you next year!


Want more?


--
Written by Trevor Scott
Edited by Howie Rhee '04
Thanks to Hamid Ali for the live-tweeting

Thursday, March 31, 2011

Investor Pitch Finals, part of the 11th Annual Duke Start-Up Challenge

After months of preparation, practicing pitches, and fine-tuning business plans, tonight’s entrepreneurship competition at the Investor Pitch Finals Event hosted the final seven Duke University startup teams, each competing for the $50,000 Grand Prize.



Hosted by Tim Canavan (Nicholas/Fuqua '12) and Vidhan Agrawal (Pratt '12) at the Fuqua School of Business, the evening was a great success. From the original 110 Duke student startup teams who competed at the beginning of February, the top seven were allowed to pitch before the event’s live panel of judges and a packed auditorium.



A special feature of the evening was an outstanding keynote address from Melissa Bernstein '87; a member of the judge’s panel and Co-founder/Co-CEO of Melissa & Doug, LLC, one of the leading toy companies.




Competition Details:
Each student-led team was given 7 minutes to pitch their company idea to the judges, followed by 3 minutes for questions and answers. The decision of the $50,000 Judge’s Choice Grand Prize Award and additional cash prizes will be decided after the event and revealed at the Grand Finale Event on April 8th. In addition to the Grand Prize, three $10,000 cash prizes have already been awarded for winners of the best in each category: Undergraduate Led Start-up, Women Led Start-up, and Products and Services Start-up. And for the winner of the best Social Enterprise Start-up, a special award of $2,500 has been awarded.


The Finalists:

70Sesame
A social mobile platform combining group messaging capabilities with target-driven coupon delivery designed for operation in China. Team Lead: Stephanie Chang, Pratt '11

HyTower Energy Storage
The HyTower system converts out of service water towers into power storage units. Their pumped-hydro system builds on proven technology to deliver safe, reliable energy storage at higher efficiency and lower cost than competing technologies. Company is planning to enter the $1.5B annual market for energy storage. Team Lead: Matt Kaufmann, Fuqua '11

Medici Medical Technologies
Medici develops innovative devices to restore control to women suffering from urinary incontinence. The company plans to provide a high control and high convenience solution for the 28 million Americans who suffer from urinary incontinence $20B is spent annually in this market. Team Lead: Jeff Kovick, Fuqua '11

Sidewalk
Sidewalk helps customers and businesses by uniting them together with time sensitive deals. Sidewalk makes it incredibly simple for local merchants to increase customer traffic and by helping people spend wiser. Team Lead: Rhianon DeLeeuw, Fuqua '11

ShelfRelief
The most efficient way to buy and sell university textbooks among college students. Team Lead: Tito Bohrt, Trinity '13

Accion Emprendedora USA
Accion Emprendedora will offer business management education, training and coaching for Hispanic entrepreneurs in North Carolina to help them overcome the barriers they have for growth and economic development. Team Lead: Ignacio Torres, Sanford '11

E-Clean
Plans to reducing hospital acquired infections through utilizing RFID tracking to increase human hand hygiene compliance. Team Lead: Jessica Liu, Pratt '11



Tonight’s Judges:
Melissa Bernstein - ('87) Co-founder/Co-CEO of Melissa & Doug, LLC.

Bill Geary - Partner at North Bridge Venture Partners.

Jack Egan - Egan-Managed Capital.

Geoff Kanter - (89) Managing Director, MK Media Ventures.

Rich Lee - Former CEO of Hosted Solutions.

Karen LeVert - CEO of Southeast TechInventures.

Tom McMurray - Ph.D ('76 '78 '80) Marine Ventures Foundation. Former Partner at Sequoia Capital.

Pictures of the event are available here:
https://picasaweb.google.com/hwr2duke/DukeStartUpChallengeInvestorPitchFinals2011#
Photos taken by Olgun Kukrer

Next up:
Be sure to join us next week on Friday April 8th at 7:30pm for our final event of the year – the Grand Finale Event! This memorable night will include the naming of the winning teams for each of the awards, and feature world renowned philanthropist and investor J.B. Pritzker (’87) as the keynote speaker. You won’t want to miss it!

--
Written by Trevor Scott
Edited by Howie Rhee '04

Thursday, February 17, 2011

Update on the Duke Start-Up Challenge: 110 Executive Summaries (plus 50 Alumni submissions)

Hi everyone,

The deadline for the Duke Start-Up Challenge: Executive Summary Competition closed last Thursday, February 10th. We had 110 different student teams enter, which we consider to be a pretty successful turnout.

Below are the statistics for the student competition are below:


Functional TrackSpring 2011Spring 2010
Energy & Environment1011
Health Care & Life Sciences1519
IT & Media3027
Products & Services3427
Social Enterprise2125
Total110109
Special Interest Tracks
Undergraduate Led (Special Int4341
Women Led (Special Interest Tr2729
Total7070
School (Team Lead)Spring 2011
Pratt46
Trinity29
Fuqua17
Law7
Graduate School4
Nicholas School2
Sanford2
Graduate School, Fuqua (PhD)1
Pratt and Trinity1
School of Medicine / DCI1
Sum110



In addition, we hosted our first annual "Alumni Track" (hosted by DukeGEN), inviting alumni startup teams to submit their entries for feedback (but not compete for the prize money). We had 50 entries (!) in our first year, and were pleased with that amount of participation.  More info here: http://www.dukegen.com/alumni-track

Other updates:
- Grand Prize money has been increased from $25,000 to $50,000 (thanks to Rich Lee, former CEO of Hosted Solutions)
- $10,000 Track prizes for Undergrad-led, Women-led, and Products & Services (misc) prizes.
- Our Finals judges will be:



- J.B. Pritzker '87 will be our keynote speaker at the Grand Finale on Friday April 8th

Thanks for your support.

Howie Rhee
Advisor to the Duke Start-Up Challenge

Thursday, December 16, 2010

Announcing the Duke Start-Up Challenge: Alumni Track



We are pleased to announce the creation of the Duke Start-Up Challenge:Alumni Track

All Duke alumni are invited to participate in the Duke Start-Up Challenge: Alumni Track, hosted by DukeGEN.  This is an opportunity for you to cultivate your startup idea and see what other members of Duke's entrepreneurial community think about it. The first step is to submit a two-page document describing your idea, due on Thursday, February 10th at 5pm ET.  Feedback will be provided to everyone that submits an idea.  At that point, the top 40 ideas will be selected, and invited to complete a business plan and investor pitch, presented via Skype in March.  The best teams will be recognized and announced on DukeGEN. 


When: This spring
  • Executive Summaries Due: February 10, 2011 at 5pm ET
  • Finalists Selected: February 24, 2011
  • Investor Pitches presented via Skype: March 23, 2011
Where: Done virtually
Hosted by the Duke Global Entrepreneurship Network (DukeGEN)
Open to all startups led by Duke alumni
Cost: Free

Friday, November 12, 2010

5th Annual Elevator Pitch Finals with Greylock Partners!

With over 400 in attendance, Duke celebrated the cornerstone event of the fall, the 5th Annual Elevator Pitch Finals with Greylock Partners! The evening featured a lineup of 18 Duke student startup company pitches led by the winners of each of the 8 different qualifying track competitions held during the week. Each competing team had exactly 1 minute to convince the judges and the audience why their company was worthy of the $5000 Grand Prize.




Following a welcome from hosts Jonathan Lee (Fuqua ‘11) and Meghan Gallagher (Fuqua ‘11), tonight’s judges were introduced. Each judge had extensive experience with entrepreneurship and the challenges of building successful start-ups. Judge David Thacker also served as the Keynote speaker for the evening and addressed the lively, vuvuzela-wielding crowd with insightful lessons in entrepreneurship from his early experience at Google and more recently as a venture capitalist with Greylock Partners. Judging tonight’s event were:

David Thacker '97. Associate Partner at Greylock Partners, Menlo Park, California.
Joining Greylock in 2008, David’s primary focus includes consumer Internet and enterprise software. He played a key role in Greylock's investments in Cloudera and Pandora and is closely working with several portfolio companies including Auditude, Oodle, Redfin and TellApart. David is currently on the board of directors at Gowalla, a location-based mobile social network. Prior to Greylock, David was a group product manager at Google. During his five years at Google, he oversaw the development of key components of the AdWords advertising system and led a product management team focused on new products for advertising agencies and strategic partners. In addition, David relocated to Europe for two years where he built Google’s product development organization in the region and drove the expansion of Google’s products into international markets. Earlier in his career, David held product development, technical consulting and sales roles at pcOrder, an enterprise software company that provided e-commerce solutions to the computer industry. During this time, pcOrder held an initial public offering (NASDAQ: PCOR) and was later acquired by Trilogy Software. David has also worked at Credit Suisse First Boston, IBM, and Electronic Arts. David holds a BA in Computer Science and Economics from Duke University and an MBA from Harvard Business School.

Tom McMurray '76, '78, '80. Founder and President of Marine Ventures Foundation (MVF) and former General Partner at Sequoia Capital, Menlo Park, California.
Tom was a general partner at Sequoia Capital in Silicon Valley for nine years. He is the Founder and President of Marine Ventures Foundation (MVF), a family foundation that both conducts and funds innovative conservation research and advocacy for pelagic fisheries and also funds cold water stream restoration and advocacy work. Since forming the foundation in 2000, MVF has funded a wide range of scientific and educational programs for bluefin tuna, white marlin, bonefish, dolphinfish, whale sharks, striped bass, tarpon, trout and forage fish such as menhaden. The foundation is also engaged currently in field tagging studies of dolphin (mahi-mahi) and bonefish in the Bahamas and Caribbean and also the development of GIS tools for studying migration patterns of pelagic fish.

Christy Shaffer, Ph.D. Entrepreneur, Biotech Executive, and Former CEO of Inspire Pharmaceuticals, Durham, North Carolina.
Dr. Shaffer has been Consultant of Inspire Pharmaceuticals Inc. since February 22, 2010, and served as its Chief Executive Officer since January 1999 until February 22, 2010. She also served as President of the organization from July 1, 2005 until February 22, 2010. She joined Inspire Pharmaceuticals Inc. in June 1995 as its first full-time employee, Director of Clinical Operations. She has fifteen years of experience in drug development within the pharmaceutical industry. She previously served in a variety of positions in the clinical research division of Burroughs Wellcome Co. including International Project Leader for cardiopulmonary programs. She served as Associate Director of pulmonary research in the department of pulmonary and critical care medicine at Burroughs Wellcome. She serves currently as a Director of Clinipace, Inc. and has been a Director of Inspire Pharmaceuticals Inc. since January 1, 1999. Dr. Shaffer served as a Director of The Council for Entrepreneurial Development from 2005 to 2006. Dr. Shaffer holds a Ph.D. in Pharmacology from the University of Tennessee and completed two years of postdoctoral training in cardiovascular research in the Biochemistry Department at the Chicago Medical School before her one-year postdoctoral appointment at University of North Carolina.

Peter Heffring. President and CEO of Expion, Raleigh, North Carolina.
For the past 15 years, Peter has been engaged in bringing the customer experience to the highest level at companies around the world. He was co-founder and CEO of Ceres Integrated Solutions, which quickly became a leading provider of Customer Relationship Management (CRM) Software and analytical services. Ceres was sold in 2000 to NCR for $90M. During Peter's tenure, Ceres provided solutions to over one hundred Fortune 1000 clients such as Wal-Mart, JCPenney, Wells Fargo, and Travelocity. Heffring is ready to jump back in with Expion. He is passionate about taking the principles of Enterprise Social Media Management and CRM to combine them with today's world of online social connections to yield even better customer engagement and retention.

Companies competing in tonight’s Elevator Pitch Finals event were:

IT and Media Track
Siren Alerts – a personal alert application used to replace restaurant pagers.
SideWalk – realtime, on-demand digital push promotions for small businesses via smartphones.
JobStock – a graphical method of displaying job postings for online job seekers.

Social Enterprises Track
WETOA – Women’s Empowerment Through Outdoor Adventure: providing a space for retreat and renewal for likeminded women.
The Rushie – a faith-based, lifestyle magazine targeting 16-24 year old women worldwide.

Energy & Environment Track
High Tower Energy – energy storage solutions utilizing existing water towers.
CarBone – the first ever organic bone battery - poised to enter a $16.9 Billion market.

Healthcare & Life Sciences Track
Camras Vision – a tool designed for ophthalmologists in treating glaucoma patients.
Clear Bolus – the first ever fully transparent x-ray bolus, used to focus radiation therapy x-rays.
Medical Learning Games – plans to utilize computerized gaming technology to address the bottleneck in contemporary medical training.

Products & Services Track
Drink-up Devices – a revolutionary alcohol concentration sensor that is portable, and inexpensive.
Advisync – Predictive data analytics for university student class schedules.

Women-led Start-ups Track
dreamPL8 – an online food vendor review website offering customized food solutions for people with special diets.
Bubble Tea Factory – a new competitor to coffee: an international beverage delight of sweet milk and chewy bubbles.

Undergraduate-led Track 1
Askapade – a simple online game where people can ask their friends for help and receive virtual gifts for helping others.
HeyCouldYa.com – an online marketplace where students can post and complete favors for friends.

Undergraduate-led Track 2
Nooch – Allows for the instant, peer-to-peer, secure transfer of money allowing people to split bills among friends.
ShelfRelief – A novel and time saving textbook trading and selling site.


Tonight’s winners:
  • The Judges’ Choice Prize of $5000 was awarded to Nooch
  • The Audience’s Choice Prize of $1500 was awarded to Advisync





Additional mentions:
  • The Judges' Choice Runner-Up was CarBone
  • The Judges’ Choice for "Best Pitch Delivery" was ShelfRelief.com



Thanks to everyone who attended tonight’s finals competition and congratulations to all of the winners!!
And thank you to Douglas Hanna '13 and A Small Orange, for sponsoring the Afterparty.

Pictures available at: http://picasaweb.google.com/hwr2duke/Day5OfTheElevatorPitchCompetitionPartOfTheDukeStartUpChallenge#

Written by Trevor Scott, edited by Howie Rhee

Thursday, November 11, 2010

Day 4 of the Duke Start-up Challenge Elevator Pitch Competition: Healthcare & Life Sciences Track and Energy & Environment Track

A solid night over in Schiciano Auditorium at the Fitzpatrick Center for Interdisciplinary Engineering, Medicine and Applied Sciences (CIEMAS).  5 teams are advancing (not the usual 4).


Energy & Environment Track

The judges were:
  • Luke Fishback, Founder and CEO of PlotWatt.com
  • Van Morris ‘78, CEO of US Microgrid

Advancing to the Elevator Pitch Finals with Greylock Partners on November 12th are:


  • Audience Choice: CarBone (also was the Judges' runner-up)
  • Judges' Choice: High Tower Energy


CarBone is a patented process that recycles waste animal bone, converting it into carbon electrodes for use in modern electronics. 


(It should be noted that CarBone also won this track last year, but they are eligible to compete since they were not a finalist in the Investor Pitch Competition in the Spring. )


High Tower Energy seeks to "Use retired water towers as high efficiency, low cost energy storage devices to take advantage of huge daily fluctuations in electricity prices."


The Judges' Runner-Up selection also went to CarBone.

Healthcare & Life Sciences Track
The judges were:

  • Jonathan Gindes ‘03, Co-founder and CFO of Affinergy
  • Matt Kane ‘06, Co-founder and CEO of Precision Biosciences

Advancing to the Elevator Pitch Finals with Greylock Partners on November 12th are:


  • Audience Choice: Medical Learning Games
  • Judges' Choice: Camras Vision
  • Bonus Judges' Choice*: ClearBolus

Medical Learning Games is a software company that leverages established sophisticated gaming technology to solve the clinical experience bottleneck in healthcare education.   

Camras Vision writes "We are providing ophthalmologists with a novel device, that can provide an effective first solution to glaucoma and stop the progression of blindness caused by this chronic disease."

ClearBolus is "a bolus for radiotherapy, with the novel property of complete transparency, allowing for more efficient and accurate skin cancer treatment."

* We had an administrative error (organizers fault, not the judges' fault) with the Audience Choice voting.  There was a tie (two teams had 6 votes), Medical Learning Games and Last Call.  The procedure is to let the judges break the tie. But when the information was passed from the MC to the judges, it was that "Team 1 and 5 are tied".  They looked at their sheets (not knowing their order was different) and they said "let's go with ClearBolus" (their Team 5).  (On a side note, it turns out that ClearBolus was already their Judge's Runner Up pick.)

We went forward with the announcements, not knowing there was an error. And we caught the error just after we announced that ClearBolus was the winner.  We paused the event, reconvened the judges and decided to break the original tie (Medical Learning Games and Last Call; they chose Medical Learning Games).  In addition, we didn't think it was right to tell ClearBolus they were now out.  So we added a Bonus Judges' Choice to let them in.  The Judges' Runner-up, it turns out, also went to ClearBolus (but was decided before the error happened).


Pictures of the event are here: http://picasaweb.google.com/hwr2duke/Day3OfTheElevatorPitchCompetitionPartOfTheDukeStartUpChallenge# (Thanks to Olgun Kukrer for taking the photos in both rooms)

Written by Howie Rhee

Wednesday, November 10, 2010

Day 3 of the Duke Start-up Challenge Elevator Pitch Competition: IT & Media and Products & Services Tracks

A great night with almost 40 teams competing in the IT & Media Track and the Products & Services Track (which functions as a miscellaneous track for teams that don't fit the other functional tracks).  We had two rooms that were standing room only.

IT & Media Track

The judges were:
  • Brooks Bell ’02, Founder and CEO of Brooks Bell Interactive
  • Jed Carlson ’05, Co-founder and COO of ReverbNation
  • Jesse Lipson ’00, Founder and CEO of ShareFile.com
  • Mike Rasmussen ’03, CEO of Republic of Fun
  • Joe Velk ‘85, Angel Investor 

Advancing to the Elevator Pitch Finals with Greylock Partners on November 12th are:

  • Audience Choice: SideWalk
  • Judges' Choice: Siren Alerts

Sidewalk describes itself as follows: "Get more, pay less: spend smarter with the Sidewalk app. Businesses get foot traffic on demand, and you get great deals - everyone wins."

Siren Alerts is a personal alert application to be used in lieu of restaurant pagers.

Also mentioned was the Judges' Runner-Up: Redeemio

Redeemio: the disruptive innovator in the daily deal “grouponomy.” Specifically? Aggregation. Personalization. Lead-generation. In a billion-dollar market.

Products & Services Track (miscellaneous)


The judges were:

  • Patricia Blizzard ‘99, Founder of Caju Salon
  • Chris Duke ‘87, Founder of Anna’s Gourmet Goodies
  • Jay Mebane ‘90 / ‘99, Co-founder and COO of Snaptotes.com
  • Sean Lilly Wilson ‘00, Founder of Full Steam Brewery

Advancing to the Elevator Pitch Finals with Greylock Partners on November 12th are:

  • Audience Choice: Advisync
  • Judges' Winner: Drink-Up Device

Advisync asks, "Ever wonder where will you go? Navigating the many different paths can be an arduous process, but what if there was someone, something out there that could help you find the path so you can get going, faster? Advisync is a new suite of tools to provide smart recommendations to you based on our unique data mining algorithms. Advisync. Sync Different, Be different."

Drink-Up Device asks, "Ever wonder what is really in the bottom of your red plastic cup? With this discreet alcohol concentration sensor you will know whether you are getting ripped off or should hold back on that second round."

Also mentioned was the Judges' Runner Up: AirMart

AirMart is a store that sells and packages groceries and other essentials conveniently for travelers upon landing at airports.

Pictures of the event are here: http://picasaweb.google.com/hwr2duke/Day3OfTheElevatorPitchCompetitionPartOfTheDukeStartUpChallenge# (Thanks to Olgun Kukrer for taking the photos in both rooms)

Written by Howie Rhee