Category Archives: Student Competitions

Miami University 2017-2018 Startup Pitch Competitions – Congratulations Spring 2018 Winners

In conjunction with the senior-level New Venture capstone course, the Institute for Entrepreneurship hosts the Miami University Startup Pitch Competition at the conclusion of each semester in which student-led startup teams pitch their startup ideas to more than 50 judges in a format similar to the Demo Day that startup accelerators hold to introduce cohorts that graduate from their programs.

Over the past four years, hundreds of Miami University undergraduates have pitched more than 100 student-led startups to angel investors, venture capital and private equity investors, founders of funded startups, corporate executives, and other members of the startup ecosystem from Chicago, Cincinnati, Cleveland, Columbus, Dayton, Indianapolis, Lexington, London, Los Angeles, Miami, New York, San Francisco, and Washington DC. Five student-led startups have landed spots in technology accelerators—OROS Apparel (The Brandery) and Devoo (OCEAN Accelerator) in Cincinnati, Nomful (DreamIt Ventures) in Baltimore, Apex Sports (UpTech) in Covington, and Swivel Ventures (Queen City Fintech) in Charlotte. Collectively, startups that have participated in the Miami University Startup Pitch Competition have raised more than $7M in seed and early-stage funding.

Below are the top three startups from the Startup Pitch Competition at the conclusion of the spring semester:

#1 – Retooled is a new approach to purchasing and selling used tools to mechanics who are unable to afford expensive new tools.   Research indicates that mechanics may spend up to $50,000 on tools during their career.  It is also noted that a “new” tool becomes a “used” tool the first moment it is “used.”   Mechanics will purchase used tools; the only issue is to find them.   Retooled will acquire inventory, build a data base with important information about each tool, and will sell tools at residual market value.      The “Retooled” team is: 

  • Lucas Cowell
  • Nathan Stegner
  • Francisco Gomez
  • Thomas Flocco

#2 – Stella is a product focused on the millions of consumers that bring their breakfast and/or lunch to work.   It answers the problem “how can scrambled eggs fixed at home remain hot enough to eat two hours later in the office.”   With its “air fan” technology, the well-designed, highly safe plastic containers will keep up to 12 ounces of food warm for four to six hours.   The product will be marketed similarly as Tupperware and will be priced from $30-35.00 per unit.   The “Stella” team is:

  • Pravali Kothakota
  • Elayne Pruckno
  • Kaili Fuehrer

#3 – Dine-In addresses the market opportunity for cooking enthusiasts to sell their products to consumers looking for specialists to prepare food for parties, get togethers and family events.   Cooking enthusiasts are passionate about their craft and want to build a client base.   Dine-in is a web platform where Cooking Enthusiasts can create listings to sell their food and/or services directly to consumers within the same geographic area. Chefs will come to the consumer’s home and cook in the kitchen.  A rating/assessment system will be designed to allow chef feedback and information for future consumers.   The “Dine-In” team is:

  • Ben Sloneker
  • Brian Line
  • Chase Kluth
  • Jake Margolis

Congratulations to all of the Spring Teams!

 

In conjunction with the senior-level New Venture capstone course, the Institute for Entrepreneurship hosts the Miami University Startup Pitch Competition at the conclusion of each semester in which student-led startup teams pitch their startup ideas to more than 50 judges in a format similar to the Demo Day that startup accelerators hold to introduce cohorts that graduate from their programs.

Over the past four years, hundreds of Miami University undergraduates have pitched more than 100 student-led startups to angel investors, venture capital and private equity investors, founders of funded startups, corporate executives, and other members of the startup ecosystem from Chicago, Cincinnati, Cleveland, Columbus, Dayton, Indianapolis, Lexington, London, Los Angeles, Miami, New York, San Francisco, and Washington DC. Five student-led startups have landed spots in technology accelerators—OROS Apparel (The Brandery) and Devoo (OCEAN Accelerator) in Cincinnati, Nomful (DreamIt Ventures) in Baltimore, Apex Sports (UpTech) in Covington, and Swivel Ventures (Queen City Fintech) in Charlotte. Collectively, startups that have participated in the Miami University Startup Pitch Competition have raised more than $7M in seed and early-stage funding.

Below are the top three startups from the Startup Pitch Competition at the conclusion of the fall semester:

In 1st Place: CarePrint 

According to the most recent data available from the Centers for Medicare and Medicaid Services (CMS), Americans pay $3.4 trillion a year for medical care, and in 2012, “the average American spent $9,596 on healthcare”, which was up significantly from $7,700 in 2007. This amount is more than twice the per capita average of other developed nations, while seeing the lowest life expectancy and some of the worst health outcomes among this group. Moreover, experts predict continued sharp increases in healthcare spending: Healthcare spending per person is expected to march steadily higher to $14,944 in 2023. The CarePrint platform targets the high percentage of the US population that suffer from spiraling health care costs due to chronic injuries or illnesses and addresses the cost management problem by providing the means to track medical and pharmaceutical spending/costs. This platform allows consumers/patients to compare/analyze out-of-pocket expenditures across similar demographic groups and includes a predictive solution to provide more cost-effective tests in diagnosing patient conditions.

Team members:

  • Patrick Eckland
  • Tuleeka Hazra
  • Bradley Koenig
  • Gus Ragland
  • Hunter Withers

In 2nd Place: In-Domus

In-Domus, which means “in home” in Latin, intends to revolutionize the way that individuals look their health. According to the Kaiser Family Foundation, “92% of U.S. residents say that it is important to get an annual physical, yet 62% actually get one.” In-Domus uses microfluidic technology infused with disease-detecting biomolecules infused within novel sensors (made up of a nano-metal-insulator-semiconductors) through a process originally developed by researchers at Okinawa Institute of Science and Technology (in Onna, Japan) to detect some of the most important health vitals such as Glucose Levels (which can be used to detect Diabetes and Renal Glycosuria), UTI and the presence of protein/amino acids (indication of Kidney related problems) in urine through simple tests that can be carried out in customers’ homes. By integrating the data collection platform with a back-end data analysis and tracking platform, In-Domus can actively track, monitor, and analyze key health metrics, detect trends in specific metrics, and compare individual metrics to peer groups as well as the population as a whole.

Team members:

  • Samuel Gande
  • Manav Gulati
  • Alexander Puthumana
  • Ishaan Sardana

In 3rd Place: Fidarsi

Fidarsi, which means “trust” in Italian, provides “peace of mind for the dog people.” Forty-four percent of all U.S. households own a dog, the equivalent of 60.2 million homes, and annually dog owners spend more than $66 billion dollars on their “beloved” animals—$322 million of which is spent each year on kennel boarding alone. Fidarsi connects dog owners with certified dog hosts for in-home pet sitting and integrates existing fitness tracking technology for pets with a monitoring platform that provides on-demand pet activity tracking information for dog owners. Because fitness tracking technology is quickly becoming a commodity, Fidarsi teamed up with FitBark and designed an algorithm that factors in the FitBark features and gives each host a “Fidarsi Score.” Doing so helps quantify dog host performance over time and build credibility among pet hosts.

Team members:

  • Alyssa Bacchus
  • Taylor Kaine
  • Pieper Rudy

Congratulations to all of the Fall Teams!