Tag Archives: Business Plan Competition

Success @ the Buerk Center Biz Plan Competition

Mikaela Houck, Assistant Director

Congrats to TMMBA students who showed off their entrepreneurial skills at yesterday’s  Buerk Center Business Plan Competition (BPC) “Sweet 16” Round – TMMBA had representation on two of the 16 teams:

IonoMetal Technologies (TMMBA Student: Pritam Das)
With its revolutionary patented technology and demonstrated tool, Ionometals will not only make the earth a better place to live by reducing landfill of semiconductor waste, but also help save approximately $0.5MM for every semiconductor testing company.

Spectral DNA (TMMBA Students: Michael Franklin, Bryan Kessler, MJ Pattanshetti and Tyler Sims)
Spectral DNA’s goal is to deliver a conformable solar fabric that can be fully integrated into a multi-use model for ubiquitous power generation. We aim to micro-design these 3D conformable fabrics into clothing, and other needed uses and applications for ubiquitous power. This can be used as a mobile power generation house without connecting to wires.

Both teams represented TMMBA well with their polished presentations and innovative business ideas. Furthermore, the IonoMetal Technologies team took home the “Best Clean Tech Idea” and $2500 prize.

Yesterday’s round  was the culmination of months of hard work and dedication for the teams. The competition formally began in early April with over 92 submissions and over time whittled down to the best of the best at yesterday’s Sweet 16 – all vying for the ultimate grand prize of $25,000.

Year after year, the Buerk Center BPC is a focal event for many of our TMMBA students. The competition allows them the great opportunity to put the skills they’ve gained in the classroom to the test – from developing business plans to honing their pitching and presentation skills. The competition also grants teams unique access to the thriving Seattle start-up community (VCs, angel investors, and more!).

Way to go teams IonoMetal Technologies and Spectral DNA! Also, a special call-out to team Zetection (with TMMBA student Anna Gall) who advanced to the earlier Investment Round of the competition.

Check out a few photos from the competition (Investment Round on April 29):

 ??????????????????????????????????????????????????????????????     Spectral DNA @ the Investment Round

Interested in learning more?
Read about past TMMBA successes at the BPC
Click here for full results of the 2014 BPC

 

Business Plan Competition past participants offer advice for students

Sara Jones, TMMBA Assistant Director

Last summer I interviewed a group of TMMBA students that competed in the Business Plan Competition and won 2nd place for their concept, Xylemed. They had a lot to share about the experience and gave some great insights into the various competition stages.  Here’s the video:

Now that the 2013 Business Plan Competition activities are getting under way, I went back to the interview transcripts and pulled out a few final thoughts and pieces of advice that they have for someone considering the competition.

Marc: It is going to be really tough if you don’t have something that either has traction or you can gain traction quickly.  All of the teams that had some success either had a contract signed, product in development, or started a kick starter campaign and had some sort of traction. We heard from multiple people that it is almost less of a business plan competition than it is a business competition.

Jason: Use it as an opportunity to really push yourself.  You probably go to work and do a few things that are very specific, whereas when you are trying to launch a company with only a few teammates, you really have to have a much broader perspective on things.  You are going to learn a lot from just having to think through so many questions and in different ways than you have probably had to think before.

Also, if you are trying to identify an opportunity for the business plan competition, look at examples within your own company or try to find pain points within your own work or life.  Those are probably the most relevant to you that you will be able to be passionate about and hopefully create a product or service that really resonates with a target audience.

Ben: If you really want to make it into the final four, you have to have a product which exists, which is in a way too bad, because it is less of a business plan competition and more of a startup competition. But I wouldn’t let that defer you from entering the competition if you have enough of an idea that you want to see get off the ground.  The harsh reality is that you probably won’t make it into the finals, but you will get so much more out of the competition than you ever think you will entering it that it is still very much worth it.

Anoop: It does take a decent amount of time, adding that to the class workload. You really have to be willing to dedicate time to it, but it is definitely worthwhile and I think the benefits far outweigh the time you put into it.

TMMBA a force to reckon with at Business Plan Competition

Sara Jones, TMMBA Assistant Director & Class of 2012

TMMBA students at the 2012 UW Foster Business Plan Competition5 TMMBA teams of over 20 students from the Class of 2012 participated in yesterday’s Investment Round at the UW Foster School’s annual Business Plan Competition. We even had a 2010 alum in the competition!

In total there were 101 entries into the competition and 36 teams were selected for the Investment Round. The ideas were more diverse than I remember in the past – from food and technology products to healthcare solutions, products for social good, and an innovative pocketed bra. There was something for everyone!

During the Investment Round, teams had 4 hours to pitch their ideas to judges from the Seattle entrepreneurial community.  At the end of the day the judges invested $1000 CIE dollars in the teams that they found the most intriguing.  The 16 teams with the highest investments were selected to advance to the Sweet 16 Round. I’m proud to say that 3 TMMBA teams made it through – GroBox, Xylemed, and Highlight Hunters.

Teams now have one crazy month ahead to refine their pitches and improve their business plans before the Sweet 16 Round. All of the TMMBA teams in the competition worked hard and did a great job. Way to go!

The TMMBA Teams:

GroBox - @Grospaces | http://grospaces.com/
Aims to make it super easy to grow your own fruits and vegetables in a small amount of space.

Highlight Hunters@highlighthunter | http://www.highlighthunter.com/
Highlight Hunter’s software saves camera owners time by finding the highlights in their videos. It works with any digital camera and can be downloaded free on Mac and PC.

Mynu - @mynu2go | http://mynu2go.wordpress.com/
A mobile app where customers can pre-order menu items from food trucks, save their favorites, and share via their other social media outlets.

Splitpen@splitpeninc | http://splitpen.com/
A creative online outlet for everyday people of all abilities to come together and co-write stories with multiple plot lines, sub-plots and endings.

Viva Aguas Frescas – (TMMBA alum) @vivaaugasfrescas
A non-carbonated beverage company committed to producing Aguas Frescas beverages that embody the always fresh, all natural and HEALTHY Aguas Frescas.

Xylemedhttp://xylemed.com/
Xylemed Ember is a cloud-based electronic patient tracking and operations management system that leverages existing information systems to manage hospital workflows—improving communication and safety, while reducing expenses.

GroBox  SplitBen  Team Xylemed  Highlight HuntersTeam Mynu

Lights, camera, action! A look inside the UW Business Plan Competition

Sara Jones, Assistant Director

Last quarter, 12 TMMBA students successfully made it into the Investment Round of the UW Center for Innovation & Entrepreneurship (CIE) Business Plan Competition.  This is no small feat since only 36 out of 92 teams were accepted.  During the Investment Round, 230 judges each had $1,000 CIE dollars to “invest” in the teams.  The 16 teams with the highest investment advanced to the Sweet Sixteen Round.  I really enjoyed attending the event this year. There was a lot of excitement in the room and it was fun to see our students pitching their business ideas to local venture capitalists, entrepreneurs and investors.  This year TMMBA had 7 students on 3 different teams make it to the Sweet Sixteen Round!

Here is a short video from the Investment Round to give you a feel for the competition.

UW Business Plan Competition – 2010 Investment Round from Foster School of Business on Vimeo.

Business Plan Competition Takeaways

Hani Rachidi, TMMBA Student (Class of 2010)

Last week during the final rounds of the business plan competition we saw a very strong pool of finalists. The diversity of ideas was awesome – from an assisted walking mechanism to green bricks. The winner, Yongopal offers a compelling platform for ESL conversations between South Korean students and US college students. While our team, TrueLight, made it to the sweet sixteen we did not advance to the final six. Some key lessons learned though are useful for any would be contestants or budding entrepreneurs.

  1. Secure IP by either an Option or License
  2. If you are not the inventor have the inventor on your board and with you in the competition
  3. Have a beta product/prototype at the least.
  4. If there’s an elephant in the room (meaning a big assumption or barrier to your success) expose it and deal with it strongly
  5. Have an advisory board that has some clout

And lastly, bring viral passion to the presentation.

The Business Plan Competition – TrueLight FLIIP


Hani Rachidi, TMMBA Student (Class of 2010)
So the closure of any academic pursuit is a diploma or title of some kind. I think in business school that closure should not only be a degree, but if you are fortunate enough a business. In the past few months, my teammates from the TMMBA program have formed a venture called TrueLight. I’m proud of our team and how far we have come from just a bunch of strangers during orientation near the washington/canadian border. We are now a team with not only an academic purpose but also a real business venture!

Follow our team as we revolutionize the experience of viewing and interacting with content on mobile devices through our interactive pico projector.

This LG concept device is a perfect fit for the FLIIP. This LG concept device is a perfect fit for the FLIIP.

TMMBA heads to the Business Plan Competition

Sara Jones, Program Manager

Yesterday Tina and I attended the Business Plan Competition Investment Round. This was my second year at the event and there were 10 TMMBA students participating. I enjoy going because it’s a great opportunity to see our students in action and I’m always amazed at the business ideas that are out there.

The Investment Round was setup like a trade show. Judges were given “CIE dollars” to invest and the teams spent 4 hours pitching their idea to the judges to try and get them to invest in their business. The room was buzzing with energy and sometimes it was hard to hear through all of the action. I look forward to attending the next round, Sweet Sixteen, and learning more about the business plans that made it.

Alexei Zyuzin, SmartFin Technologies

Frode Kristensen & Umesh Mokate, Safetracker

To sum it up, the Business Plan Competition is a great opportunity for TMMBA students to network with other entrepreneurial spirits, flush out their business idea, and have a chance at winning seed money.