VTKW_Challenge2016

March 30, 2016 The Inn at Virginia Tech

ENTREPRENEURSHIPCHALLENGE

Special thanks toVT KnowledgeWorks Sponsors

CHRISTIANSBURG VA. T O W N O F C H R I S T I A N S B U R G

First Bank

& Trust Company Member FDIC

PlasticsOne ® Medical Design and Manufacture

pantone 7469u

pantone 7545u

pantone 298u

pantone 613u

pantone 7411u

pantone 677u

pantone 187u

pantone 584u

www.simultv.com

PROVEN PERFORMANCE IN GI DISEASE DIAGNOSTICS

VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals

Generously sponsored by

PlasticsOne ® Medical Design and Manufacture

Schedule of Activities

Wednesday, March 30, 2016

The Inn at Virginia Tech and Skelton Conference Center, 901 Prices Fork Road, Blacksburg,Virginia

12:30 p.m.

Registration..................................................................................................... Alumni Assembly Hall

1:00 p.m.

Welcoming Remarks..................................................................................... Alumni Assembly Hall

1:15 p.m.

Global Entrepreneurship Challenge Semifinals....................................... Alumni Assembly Hall

4:15 p.m.

Networking Reception and Awards Presentation...........................................Latham Ballroom

1

molding | research & development | design

innovative

worldwide

progressive

2 Proud sponsor of the Advanced Manufacturing Award plastics1.com

VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals brought to you by

Plastics One Inc. Plastics One is a full-service contract manufacturer located in Roanoke,Virginia. Since 1949, we’ve been partnering with OEMs worldwide for specific design and product needs – a track record that promises you the power of our connecting abilities in superior manufacturing and customer service. We are proud to design and custom manufacture medical cables and cable assemblies, connectors, and provide injection, insert, and cleanroom molding with in-house tooling and design services.The engineers and R&D teams are hands on, and ready to help bring ideas to life – we make things happen.

Lydia Brantingham-Payne, Marketing Communications Manager lbrantingham-payne@plastics1.com www.plastics1.com 6591 Merriman Road Roanoke,VA 24018 540-772-7950

PlasticsOne ® Medical Design and Manufacture

VirginiaTech Corporate Research Center Established in 1985, the 230-acreVirginia Tech Corporate Research Center (VTCRC) boasts more than 33 buildings with nearly 3,000 employees and is home to more than 180 research, technology and support companies. TheVTCRC is a for-profit, wholly owned, private subsidiary of theVirginia Tech Foundation. TheVTCRC strives to develop a growing, prestigious research park for high-technology companies and in collaboration with the university, advance the research, educational and technology transfer missions of Virginia Tech.

Joe Meredith, Ph.D., President joe.meredith@vtcrc.com www.vtcrc.com 1715 Pratt Drive, Suite 1000 Blacksburg,VA 24060 540-961-3600

VirginiaTech Pamplin College of Business Virginia Tech’s nationally ranked Pamplin College of Business offers undergraduate and graduate programs in accounting and information systems, business information technology, economics, finance, hospitality and tourism management, management, and marketing. Pamplin emphasizes technology and analysis that improve business, entrepreneurship that leads to innovation and innovative companies, international opportunities for learning and research, and an inclusive, collaborative community. It is named in honor of two alumni: the late Robert B. Pamplin, retired chairman of Georgia-Pacific, and businessman, author, and philanthropist Robert B. Pamplin Jr.

Robert T. Sumichrast, Dean, and Richard E. Sorensen, Chair busdean@vt.edu www.pamplin.vt.edu 1030 Pamplin Hall (0209) Virginia Tech 880West Campus Drive Blacksburg,VA 24061 540-231-6601

3

THINK BIG! Teamwork Risks Solutions Venture Creativity

innovation

I’m convinced that about half of what separates successful entrepreneurs from the non-successful ones is pure perseverance. ~Steve Jobs

4 Life feels good with a bank that supports your entrepreneurial spirit.

Union Bank & Trust. Member FDIC. 1.800.990.4828

Updates onWinningTeams of Past Global Entrepreneurship Challenge Semifinals Events Heyo , winner of the 2011 Student Business Concept Competition: Heyo was acquired byVotigo on January 4, 2016. Votigo is a leading social media marketing and promotions company with a Software-as-a-Service platform that supports premium, full-service solutions and easy-to-use self-service tools for brands and their agencies including Live Nation, Sharpie,Walmart, Hyundai,AccuWeather,Air Canada, Nutrisystem, and Starwood Hotels & Resorts. YouFolio , winner of the 2012 Student Business Concept Competition:YouFolio built an online portfolio plat- form used for personal branding and recruiting.  The company raised seed funding in the summer of 2013 and launched in January 2014.  In June 2015YouFolio was acquired by a SaaS company inVienna,Virginia, called Sherpa, which helps companies increase employee referrals and reduce attrition. PureAir , winner of the 2013 Student Business Concept Competition:The company is pursuing a more accurate asthmatic and COPD inhaler by incorporating active feedback technology. It is currently moving to high fidelity functional prototypes and testing in preparation for patient testing. Vestigo , winner of the 2014 Student Business Concept Competition:The company is pursuing a partnership with Streetline to bring parking availability sensors and predictive analytics toVirginia Tech. Calbico , winner of the 2015 Student Business Concept Competition:The Calbico semi-automatic rifle and pistol cleaning tool was featured at Brownells booth during the 2016 SHOT Show, the largest gun show in the nation held annually in Las Vegas. Calbico has continued to expand on the internet now being sold on Brownells, Amazon, and LaRue Tactical along with multiple other online vendors. The company is continuing to contact large chain manufacturers and gain contacts that way. Their product was featured by USCCA in October 2015: https://www.usconcealedcarry.com/gear-love-october-2015/.

Bui lding a bet ter communi ty. G.J. Hopkins, Inc.

Mechanical , Elect r ical , & Service Cont ractors Si nce 1958

G.J. Hopkins, Inc. 540 • 982 • 1873 www.gjhopkins.com

5

Moderator and Master of Ceremonies

Dr. Richard Daugherty is the Director of Strategic Services at VT KnowledgeWorks.  Strategic Services helps entrepreneurs and businesses understand and quantify their business opportunities.  Dick has over 30 years’ experience in business strategy, new business and product development, competitive analysis and business plan development.

• Established in FY 2000, ALG is the only locally owned and operated full service logistics service provider in SW VA. • ALG’s service portfolio includes – Customs Brokerage Services (Import and Export) – Air, Ocean and Ground International Freight Forwarding – Cargo Insurance / US Customs Bonds – Freight / Transport Management – Consultation on ITAR/BIS Regulatory Compliance and other Supply Chain Activities • Visit us at www.AlleghenyLogistics.com • We are “Committed to Sustained Excellence” !

6

Global Entrepreneurship Challenge Semifinals March 30, 2016 Alumni Assembly Hall at 1:15 p.m.

The Global Entrepreneurship Challenge Semifinals, which is in its eighth year, encourages students to develop their entrepreneurial ideas, enhances their understanding of the requirements for a successful business venture, and showcases the creativity of Virginia Tech students.

Key team members must be full-timeVirginia Tech students. The competition is focused on supporting technology concepts at their early stage of development. Therefore, applicants must not have received cash investments from private investors, government agency funding beyond research grants, nor offered product(s) for sale as of February 5, 2016. Finalists are chosen through a phased judging program. Initially, participants submit a one-page summary of their business concept idea for review by a panel of faculty and local business leaders. From these, semifinalists are selected who then submit a 3-5 page summary of their concept that identifies the compelling customer need being met by their proposed product or service, the potential market size for the product or service, its expected competitive position in the marketplace, the proposed business model for financial success, and how the team plans to enter the market.

From those submissions, seven finalists were chosen to present before a panel of angel investors and business leaders as well as attendees at the Global Entrepreneurship Challenge Semifinals.

The teams will compete for the chance to win one of three scholarship prizes, including the Plastics One Advanced Manufacturing Award of $5,000 for the most outstanding tangible product, the $5,000VT KnowledgeWorks Information Technology Award for the most outstanding intangible product or service, and the $5,000 People’s Choice Award, sponsored by theVirginia Tech Pamplin College of Business. One of the two teams that receive the Advanced Manufacturing or the Information Technology award will earn the grand prize and receive an additional $10,000 in scholarship assistance, workspace in theVirginia Tech Corporate Research Center for summer 2016, and the opportunity to compete on a world stage in the $25,000VT KnowledgeWorks Global Student Entrepreneurship Challenge this August.

New this year:Teams chosen as semifinalists for the Global Entrepreneurship Challenge Semifinals and consisting only of undergraduate students were entered into the inaugural ACC InVenture Prize @Virginia Tech competition, March 3, 2016, at The Inn at Virginia Tech, Blacksburg,Virginia.

The winning team,Yard Mapper, selected by a panel of local business leaders, will compete against the other six Virginia Tech finalist student teams on March 30, 2016, at theVT KnowledgeWorks Global Entrepreneurship Challenge Semifinals. Yard Mapper will then advance to the ACC InVenture Prize competition at Georgia Tech in Atlanta, Georgia, on April 5 and 6, 2016, where they will deliver a 3-minute pitch to compete against other Atlantic Coast Conference universities for $30,000 in prizes.

7

Business Information Systems Health Information Technology Analytics&Business Intelligence Decision Support Systems Lead in theDynamic Industry of InformationTechnology Get yourmaster’sdegreeonline. Areasof study: Networking Telecommunications SoftwareDevelopment Security

WeknowI.T.

Ranked #2 by U.S. News &World Report

vtmit.vt.edu

8

Finalists of the Global Entrepreneurship Challenge Semifinals

iWaste – Shuai Luo, Katherine Olson, Mohan Qin, and Hayden (Hei Tsun) Tse The integrated microbial electrolysis cell and forward osmosis (MEC-FO) system can achieve the recovery of valuable resources while treating livestock wastewater. During the treatment process this system can simultaneously recover fresh water, electricity, and ammonia for industrial and agricultural applications. Park and Diamond, Inc. – Jordan Klein and David Hall Our mission is simple: to disrupt the cycling industry with revolutionary products to protect both avid cyclists and commuters. Biological Systems and Solids – Jacob Cantor  Biological Systems and Solids is a sewage waste to biofuel producer that helps cement kilns save money on fuel, concrete mixers save money on transporting ash, and municipal wastewater systems save money on disposal. Glide Robotics –Yuan Lin, Dalton Hare, David Jensen,Atul Kumar, Jason Lin, and Jonah Orevillo Glide Robotics is a community of roboticists and entrepreneurs at Virginia Tech who are committed to developing an Unmanned Aerial Vehicle platform for education.

Yard Mapper – David Evans and Patrick Acker Yard Mapper tracks trailers and shipping containers at distribution centers significantly reducing the time required to locate trailers while also reducing related penalty fees. The system does not require any extensive infrastructure (includingWi-Fi) and can be installed in a matter of hours. Leva – Martin Trapero, Marco Perez-MacCollum, and Guillermo Semidey Leva is designing a wristband device tailored to help individuals learn and improve new skills through haptic passive feedback. Our product combines neuroscience and wearable technology to provide a new way of learning. Haven – EmilyWills, Kirby Emerson, Ruby Kang, Sean Palmer, Chris Dare, Dennis Ahn, and Ashlyn Jenkins We are Haven.  Our goal is to provide peace of mind through wearable technology and a distinct understanding of our market combined with human nature.  Haven is inconspicuous and fashion-forward, while providing a faster connection to responders.

Our excellent downtown location allows our guests to enjoy dining, music, theater and shopping... all a short stroll away Park your car at Main Street Inn and walk to Virginia Tech and Athletic Facilites. Our amenities include: Free WiFi internet Flat Screen Cable TV Wet Bar Refrigerator Microwave Coffee Maker In-Room Safe Hair Dryer Oversized Showers Iron & Ironing Board

9

Panelists for the 2016 Global Entrepreneurship Challenge Semifinals

Kevin Bloomfield is founder and managing partner of Bloomfield Partners, LLC.The company’s diverse focus includes identifying, funding, and advising early stage, scalable technology companies. He previously co-founded and served as President and CEO of NetVentures Corporation. Kevin has been named both a Rising Star and Entrepreneur of theYear, was recognized by the Center For Innovative Technology (CIT) GAP Fund as one of fifty entrepreneurs who are most likely to buildVirginia’s next generation technology companies, was listed in the Blue Ridge Business Journal’s 20 under 40 directory, and has been nominated for numerous Chamber of Commerce and other civic awards. Eva Doss has 20 years of experience in business consulting, strategic planning, business development and equity fund establishment and management in the United States and Europe. During her career Eva established new business ventures and seed investment opportunities, and developed innovative business partnerships for companies. She established the Southside Business Technology Center, a business consulting entity in 2005, which grew into The Launch Place, the lead entrepreneurial development organization offering business consulting, training, office space and subsidies, and equity investment through its two equity funds to start-ups in Danville, Virginia, and in the Research Triangle Park, North Carolina. Doug Juanarena is a serial entrepreneur with more than 35 years of experience as a founder and CEO of successful technology businesses.  He is the past VP and site leader for Rackspace Hosting’s Blacksburg development center.  He is past head of GenTekVentures, a firm that assists technology companies with start-up and business development activities.  In the past he has served as a research engineer for NASA at the Langley Research Center and was founder and CEO of Pressure Systems, Inc., KPSI, and Luna Technologies. Kevin Passarello is Counsel to Buchanan Ingersoll & Rooney inWashington, DC in its emerging companies group.  His practice encompasses corporate finance; venture capital and private equity; intellectual property;

mergers and acquisitions; and corporate law.  Kevin is a serial entrepreneur.  Before joining Buchanan, he co-founded two venture- backed technology companies in the software and mobile markets--with investors including Microsoft, Sequoia Capital, Hg Capital, and Catterton Partners--as well as a $60 million buyout fund.  He recently co-founded and is CEO of a predictive analytics company, based on research from the University of Virginia Medical Center.  He has hands-on international business experience in 15 countries.  Kevin is a graduate of Georgetown University Law Center. Kamran Razvan , Ph.D., is the founder and CEO of Click & Pledge, a global leader in providing over 9,000 nonprofit organizations and political campaigns with cloud-based online fundraising and donor management applications. Dr. Razvan has founded two other successful software development companies serving Motorola, NASA, the Naval SurfaceWarfare Center, Oak Ridge National Laboratory, Ingersoll Rand, Hewlett Packard and others.  He is a recognized expert in the field of e-commerce, security for online financial transactions and database management.  Dr. Razvan has authored various patents, is a noted speaker and educator and is active in many community philanthropic organizations.

Focus on what’s truly important to you. When your bank is dedicated to your financial well-being, you can spend more time on the things that matter most.

Stop in, call 800.SUNTRUST or visit suntrust.com.

SunTrustBank,MemberFDIC. ©2016SunTrustBanks, Inc.SunTrust isa federally registered servicemarkofSunTrustBanks, Inc.

10

Brown Edwards is a locally‐owned, regional public accoun�ng rm with nine offices in Virginia,  West Virginia and Tennessee and 300 professionals, including over 125 CPAs, to serve our  clients.  The rm is recognized among the Top 125 public accoun�ng rms in the na�on by  industry media.   Going beyond the expected accoun�ng and tax compliance services, we offer consul�ng in  areas to meet the following specialized needs which challenge emerging businesses on the  path to business success.   Tax accounƟng for intangible assets in business transacƟons  Strategic accounƟng for the commercializaƟon of intellectual property  Tax accounƟng for research costs & applicaƟon for Federal and Virginia research credits  Tax cost accounƟng for the producƟon income exclusion and for inventory capitalizaƟon requirements  Real estate cost segregaƟon analyses to maximize depreciaƟon recovery of your investment  Virginia Enterprise Zone Grant planning and compliance  MulƟͲstate income tax strategies and compliance

1715 Pra� Drive, Ste. 2700  Blacksburg, VA  24060

(540) 443‐3606  www.BEcpas.com

11

Networking Reception and Awards Presentation March 30, 2016  Latham Ballroom at 4:15 p.m.

This exciting event concludes with a beneficial networking event and recognition of high achievement. Be present when winners of the Global Entrepreneurship Challenge Semifinals, People’s Choice, and raffle prize are announced and awarded their prizes!

Global Entrepreneurship Challenge Semifinals Prizes

• $5,000 Plastics One Advanced Manufacturing Award for the outstanding tangible product

• $5,000VT KnowledgeWorks Information Technology Award for the outstanding intangible product or service • $10,000 additional grand prize for one of the two teams that receives the Advanced Manufacturing Award or the Information Technology Award, plus summer workspace in theVirginia Tech Corporate Research Center

Raffle Prize Generously Sponsored by

• $5,000 People’s Choice Award sponsored by Virginia Tech Pamplin College of Business

brochures branding

integrated marketing services variable data printing booklets

design

graphic

print catalogs maps annual reports manuals

envelopes

marketing campaigns database management magazines

demographic targeting

mail calendars pocket folders

postcards

newsletters fudraising campaigns

multi-channel marketing

letterhead

business cards

800-359-6608 | wordsprint.com

12

Brittany Meadows

Sterling Heights

BLACKSBURG

N E W R I V E R

460

VirginiaTech

LewisGale Hosptial

NewRiver ValleyMall

Herons Landing Estates

114

Herons Landing Villas

AquaticCenter

TheRiverGolfCourse

Cambria Crossing

11

RADFORD

Radford University

CHRISTIANSBURG

81

Corillion MedicalCenter

accelerate invest VT KnowledgeWorks encourages and enables creative entrepreneurship world- wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of theVirginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg,Virginia, USA.

grow

Virginia Tech Corporate Research Center • 2200 Kraft Drive, Suite 1000 • Blacksburg,VA 24060 540-443-9100 • info@vtknowledgeworks.com • www.vtknowledgeworks.com Global Partnership: www.vtkwglobal.com • Blog: www.insidevtknowledgeworks.com Facebook: www.facebook.com/vtknowledgeworks • Twitter: www.twitter.com/vtkw LinkedIn: www.linkedin.com/company/vt-knowledgeworks