Boyd Venture Challenge Awards Funds to EasyWhip and Campus Car

Two businesses owned by University of Tennessee, Knoxville, students were recently awarded a total of $25,000 in the fall 2017 Boyd Venture Challenge. The Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business hosted the seed fund grant competition.

EasyWhip, a surgical tool, and Campus Car, a ridesharing company, were selected from a group of eight finalists. A panel of four judges determined the funding awards.

“The judges saw an impressive group of finalists this semester and provided insightful feedback,” said Tom Graves, operations director of the Anderson Center. “We’re pleased to offer this opportunity to help our student entrepreneurs move their businesses forward.”

EasyWhip, founded by Lia Winter, was awarded $12,500. Winter created the surgical tool to decrease the time and costs associated with certain orthopedic reconstruction procedures. With the funds received, she will seek a full patent for EasyWhip and optimize the tool’s design.

“The Boyd Venture Challenge was an amazing and exciting experience. I was able to apply the concepts that I’m learning in my business classes to my innovative biomedical engineering idea to develop a comprehensive and feasible business plan,” said Winter. “I also made connections with mentors in the Anderson Center who encouraged me and helped me achieve my goals. I think the Anderson Center is an invaluable resource that students should take advantage of during their time here at UT.”

Winter, from Pittsburgh, is an MBA candidate in the Haslam College of Business and a graduate student in the biomedical engineering program in the Department of Mechanical, Aerospace and Biomedical Engineering.

Campus Car, a campus-based ridesharing company, was awarded $12,500. Ryan Cunningham of Collierville, Tennessee, a junior supply chain management major and entrepreneurship minor, founded the company.

Cunningham launched the flat-rate ride-sharing company in October after using funds from a previous Boyd Venture Challenge to build the Campus Car cell phone application. The company hires UT-affiliated individuals as independent contractors to provide low-cost transportation to and from campus in downtown Knoxville, Fort Sanders, and the campus area.

“The funds received this semester will allow me to expand the Campus Car service area and continue to serve UT and the Knoxville community,” said Cunningham. “I am very thankful for the opportunities provided by the Boyd Venture Challenge.”

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence, and SportDog brands.

The Boyd Venture Challenge is administered each fall and spring semester. It is open to UT undergraduate and graduate students from any field of study. An outside panel of judges from the business community decides the funding awards. Since the fund’s inception in 2011, 39 student-owned companies have been awarded a total of $337,000 in seed capital to advance their businesses.

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Boyd Venture Challenge Application Deadline Nov. 2

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The application period for the Boyd Venture Challenge, a seed-fund grant that awards up to $20,000 to student-owned startup companies each fall and spring semester, opens October 11. The competition is sponsored by the Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business.

The challenge is open to any early-stage company owned by a UT student. Eligible companies must be legally established, and the student owner(s) must be enrolled in a UT Knoxville or UT Institute of Agriculture undergraduate, master’s, or PhD degree program at the time of application.

To apply, students must submit an application to the Anderson Center by midnight Thursday, November 2. Applications should consist of an executive summary, requested funds, and milestones that will be accomplished with the funds if awarded. Full application instructions and eligibility details are on the Boyd Venture Challenge website.

Teams that advance to the presentation round will pitch to a panel of local business professionals Friday, November 17.

“The Boyd Venture Challenge is an exciting opportunity for early-stage ventures,” said Tom Graves, Anderson Center director of operations and director of the competition. “We are pleased to be able to offer opportunities for funding at this level.”

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence, and SportDog brands.

Since 2011, the endowed fund has awarded $312,000 to 34 student-owned startups.

Boyd Venture Challenge Awards Funding to Four Student Startups

Four businesses owned by students at the University of Tennessee, Knoxville, were recently awarded a total of $35,000 in the spring 2017 Boyd Venture Challenge. The Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business hosted the seed fund grant competition.

The Sorority Guide, Orion Investment Group, In With the Old and Campus Car were selected from a group of eight finalists. A panel of five judges determined funding awards.

“Funding at this level provides our student entrepreneurs with the opportunity to take their early-stage venture to the next step,” said Tom Graves, operations director of the Anderson Center. “The Boyd Venture Challenge not only grants this important funding, but students also receive feedback from the judges, which can help as they move their business forward.”

Kelsey Duncan of The Sorority Guide

The Sorority Guide, founded by Kelsey Duncan, a sophomore in marketing from Nashville, was awarded $15,000. The values-based analytical tool uses a cell phone application to guide potential new sorority members through the recruitment process. The application eases the process by providing users with information about each sorority, facts about recruitment events and journaling options for users to privately record their experiences. In addition to using the funds for travel to pitch The Sorority Guide to the universities across the U.S., Duncan plans to expand her company’s personnel.

“The Boyd Venture Challenge has been an incredible honor and experience to participate in,” said Duncan. “I am very excited about the future and what is to come for the Sorority Guide.”

Judd Conatser of Orion Investment Group

Orion Investment Group, a local real estate investment business, was awarded $10,000. MBA candidate and U.S. Navy veteran Judd Conatser, from Maryville, Tennessee, founded the company. Orion Investment Group plans to provide quality single-family rental properties in Maryville. The company caters to young, mobile families who often relocate for their jobs and find it impractical to buy and sell a home during a short turnaround time.

“This award will allow me to obtain the needed legal assistance and financial advice to move the company to the next level,” said Conatser.

Baker Donahue of In With the Old

In With the Old, a social media-based clothing retail service, was awarded $5,000. The company was founded by Baker Donahue, a junior in communication studies from Franklin, Tennessee. In With the Old uses online social auctions to sell repurposed vintage college apparel. Donahue plans to use the funds to hire a web developer and designer to improve the efficiency of the company’s e-commerce website. Originally a UT-based company, the brand now includes four other college campuses.

“The Boyd Venture Challenge has prepared me for real-life scenarios with real-life rewards,” says Donahue. “With the redesigned website we’ll be able to scale to every prominent university in the country.”

Ryan Cunningham of Campus Car

Campus Car, founded by Ryan Cunningham, a supply chain management major from Collierville, Tennessee, was awarded $5,000. The flat-rate ride-sharing company for the UT campus area plans to launch in August. The company will hire local students as independent contractors to provide low-cost transportation to and from campus in downtown Knoxville, Fort Sanders and the campus area. Cunningham plans to use the funds for cell phone application development and insurance premiums.

“The funds will allow me to be completely financially stable during the first couple of months of operation,” says Cunningham.

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence and SportDog brands.

The Boyd Venture Challenge is administered each fall and spring semester. It is open to UT undergraduate and graduate students from any field of study. An outside panel of judges from the business community decides the funding awards. Since the fund’s inception in 2011, 37 student-owned companies have been awarded a total of $312,000 in seed capital to advance their businesses.

 

Boyd Venture Challenge Application Period Opens March 30

The application period for the Boyd Venture Challenge, a seed fund grant that awards up to $20,000 to student-owned startup companies each fall and spring semester, opens March 30. The competition is sponsored by the Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business.

The challenge is open to any early-stage company owned by a UT student. Eligible companies must be legally established, and the student owner(s) must be enrolled in a UT Knoxville or UT Institute of Agriculture undergraduate, master’s, or PhD degree program at the time of application.

To apply, students must submit an application to the Anderson Center by midnight Wednesday, April 12. Applications should consist of an executive summary, requested funds, and milestones that will be accomplished with the funds if awarded. Full application instructions and eligibility details are on the Boyd Venture Challenge website.

Teams that advance to the presentation round will pitch to a panel of local business professionals Friday, April 28.

“We are fortunate to be able to offer seed funding at this level,” says Tom Graves, Anderson Center director of operations and director of the competition.

Randy Boyd and Tom Graves with the fall 2016 Boyd Venture Challenge award winners.

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence, and SportDog brands.

Since 2011, the endowed fund has awarded $277,000 to 33 student-owned startups.

Boyd Venture Challenge Awards $35,000 to Student Startups

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The fall 2016 Boyd Venture Challenge awarded a total of $35,000 to four UT startup companies to advance their businesses.

Prometheus, SimPath, GeoAir, and In With the Old were selected from a group of 15 applicants. The businesses were pitched to a panel of six judges who determined funding awards. Recipients include undergraduate and graduate students representing a variety of disciplines including engineering, communications, business, and computer science.

“The Boyd Venture Challenge continues to attract applicants with strong, innovative businesses,” said Tom Graves, operations director of the Anderson Center for Entrepreneurship & Innovation. “Insightful questions and comments by the judges are once again invaluable in helping our aspiring entrepreneurs develop their businesses.”

Jared Smith and Christopher Ruel of Prometheus Group LLC.

Jared Smith and Christopher Ruel of Prometheus Group LLC.

Prometheus Group LLC was awarded $17,600.

The company is a consultancy group that focuses on risk management and travel security. It was founded by Christopher Ruel, an MBA candidate and US Army Special Forces veteran, and Jared Smith, a senior in honors computer science and project leader at Oak Ridge National Laboratory’s Cyber Warfare Research Team. The company intends to reduce the cost of risk assessments for travelers while improving efficiency.

The founders plan to use funding from the Boyd Venture Challenge to develop an integrated and customized risk mitigation tool for global travelers. The service will provide up-to-date customized and detailed risk analysis reports based on the specific needs of each client.

Ben Mohr and Rob Moseley and of SimPath.

Ben Mohr and Rob Moseley and of SimPath.

SimPath was awarded $10,000.

SimPath, a company founded by Rob Moseley and Ben Mohr, doctoral candidates with UT’s Bredesen Center for Interdisciplinary Research and Graduate Education, offers quick low-cost DNA assembly solutions for synthetic biologists in the bio-based manufacturing industry.

The company combines its assembly technology with high-tech web-based DNA design tools and DNA synthesis, offering a quicker cost-effective alternative to current assembly options. SimPath plans to use the funds to finalize licensing arrangements with ORNL.

Alex Adams of GeoAir.

Alex Adams of GeoAir.

GeoAir was awarded $5,000.

GeoAir identifies mold hot spots in agriculture fields, allowing farmers to proactively treat them, which increases crop yield. The company, founded by MBA candidate Alex Adams, will use the funds to gain national recognition and begin selling services prior to the growing season.

Baker Donahue of In With the Old.

Baker Donahue of In With the Old.

In With the Old was awarded $2,400.

In With the Old specializes in repurposing and selling retro college apparel. The company was founded by Baker Donahue, a junior in communication studies. The Instagram-based auction-style business currently operates at UT and Auburn University. With the funds from the Boyd Venture Challenge, the company will grow its current services, and expand to a new location.

The Boyd Venture Challenge is administered through the Anderson Center in UT’s Haslam College of Business. Since the fund’s inception in 2011, 33 student-owned companies have been awarded a total of $277,000 in seed capital to advance their businesses.

The fall 2016 Boyd Venture Challenge judges included Ralph Korpman, Tony Lettich, Mike Manning, Chris Miller, Jake Rheude, and Stefan Wilson.

“The competition from the companies was very strong,” said Rheude, director of business development and marketing for Red Stag Fulfillment and two-time Boyd Venture Challenge winner. “The variety and quality of businesses represented reflect UT well.”

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence, and SportDog brands.

 

Boyd Venture Challenge Accepting Applications Through Oct. 17

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The application period is now open for the Boyd Venture Challenge, a seed fund grant that awards up to $20,000 to student-owned startup companies each fall and spring semester.

The Boyd Venture Challenge is open to any early-stage company owned by a UT student. To be eligible, companies must be legally established and the student owner(s) must be enrolled in a UT Knoxville or UT Institute of Agriculture undergraduate, masters or PhD degree program at the time of application. Applications must be received by the Anderson Center no later than midnight, Mon., Oct. 17, 2016 and should consist of an executive summary, requested funds and milestones that will be accomplished with the funds, if awarded. Teams that advance to the presentation round will pitch to a panel of local business professionals on Fri., Oct. 28. For full application instructions and eligibility details, visit https://tiny.utk.edu/Boyd-fall16.

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, Founder and Executive Chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence and SportDog brands. To date, this endowed fund has awarded $242,000 to 29 student-owned startups.

Boyd Venture Challenge Awards $35,000 to UT Student Startups

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The University of Tennessee, Knoxville, spring 2016 Boyd Venture Challenge awarded a total of $35,000 to three student startup companies to advance their businesses.

Grow Bioplastics, T&T Scientific, and Treatment Devices were selected from a group of seven finalists. Judges listened to live pitches and decided which companies were most deserving of funding and how much each should receive.

The Boyd Venture Challenge is administered through the Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business.

“We had some top-notch companies competing this semester,” said Tom Graves, operations director of the Anderson Center. “I think the high-tech nature of the winning companies really illustrates how elevated the level of competition was this semester. The judges were extremely impressed with the pitches they heard.”

Grow Bioplastics was awarded $15,000.

The company improves food sustainability by offering farmers and gardeners renewable, biodegradable products that keep oil-based plastics out landfills.

Founded by Tony Bova and Jeff Beegle, both doctoral candidates with UT’s Bredesen Center for Interdisciplinary Research and Graduate Education, the company has developed a low-cost renewable biopolymer that naturally degrades in soil and can be used to produce mulch films and planting containers. This allows plants to be sown in their containers and films to be plowed into the ground after harvest, saving growers time and money associated with plastic disposal.

The company plans to use the funding from the Boyd Venture Challenge to build a degradation testing incubator and produce its first round of prototypes.

T&T Scientific was awarded $12,000.

The company, founded by Nima Tamaddoni and Graham Taylor, both recent UT doctoral graduates, has developed the LipX Extruder, the world’s first single-use disposable liposome extruder. Liposome extruders currently on the market require thorough cleaning after each use, costing doctors and researchers valuable time. The LipX Extruder saves users time and money while providing clean and precise results.

T&T Scientific received $20,000 in funding from the Boyd Venture Challenge in fall 2015, which they used to test their final prototypes and begin production of the LipX Extruder. With that product now available for purchase, they plan to use the bulk of the $12,000 they received this semester to develop automated quality control and assembly lines for keeping up with demand. A portion will also be used for marketing.

Treatment Devices was awarded $8,000.

The company, founded by Mark Artz, a Ph.D. candidate in nuclear engineering, specializes in patient setup for radiation therapy and diagnostic imaging.

The company has developed software and a mechanical installation system, called the No Dose Setup, that simplifies patient positioning during radiation therapy. The setup is already available at Provision Center for Proton Therapy in Knoxville.

Artz will use the funds to develop a quick installation kit for the system and add additional features to its software.

Since the fund’s inception in 2011, 26 student-owned companies have been awarded a total of $242,000 in seed capital to advance their businesses.

The Boyd Venture Challenge is made possible by the generosity of Randy Boyd, founder and executive chairman of Radio Systems Corporation, makers of PetSafe, Invisible Fence and SportDog brands.