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.

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UT’s Vol Court Speaker Series and Pitch Competition Kicks Off September 27

UT students, faculty, and staff as well as members of the local community, are encouraged to pitch their business ideas at Vol Court, a semiannual pitch competition and speaker series run by the Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business.

The competition begins September 27. Winners may receive up to $1,500 in prize money and space in the UT Research Foundation Business Incubator as well as legal and accounting services.

The series and competition are open to the public. There is no charge to participate in the event, and anyone interested in entrepreneurship is invited to attend.

“Whether you have a startup or are just interested in entrepreneurship, Vol Court is a great opportunity,” Shawn Carson, Vol Court director, says. “The schedule is designed to introduce participants to entrepreneurship and give them a starting point to help advance their ideas into reality.”

Vol Court kicks off on September 27 with a five-week interactive entrepreneurial speaker series. The fall series introduces new speakers, which includes local entrepreneurs and UT faculty.

The program culminates on November 1 in a pitch competition where attendees put what they’ve learned into practice. All pitch competition participants are eligible for cash prizes awarded to first-, second-, and third-place winners.

Vol Court meets from 5:15 to 6:15 p.m. every Wednesday from September 27 through November 1 in Stokely Management Center, 916 Volunteer Blvd. All meetings will be held in Room G4.

Anyone who plans to participate in the November 1 pitch competition must attend four of the five speaker sessions listed below:

September 27: Overview of Value Proposition and Customer Discovery

October 4: The First 100 Customers

October 11: Determining the Legal Structure for Your Business

October 18: Partnerships

October 25: The Pitch

Vol Court is made possible by donated funds and services from sponsors including PYA, Morehous Legal Group, Hard Knox Pizzeria, the IT Company, 3 Roots Capital, the UT Research Foundation, and other local businesses.

Application Now Open for the 2017 Startup Day Pitch Competition

Innov865 is now accepting applications for the fifth annual Startup Day pitch competition. Open to East Tennessee startups, Startup Day will give six finalists a chance to compete for $15,000 in cash prizes. The competition is the signature event of the second annual Innov865 Week, a celebration of Knoxville’s entrepreneurial community, September 18-22, 2017.

To apply for the pitch competition, eligible startups must be located in the East Tennessee region and fill out an application, available on the Innov865 Week website. Applications will be accepted from June 16 through July 7, 2017. The Innov865 Alliance will review applications and select six startups to participate. Applicants will be notified of the Alliance’s decision no later than July 17, 2017.

Startup Day 2017 is Thursday, September 21, 2017 at the U.S. Cellular Stage at The Bijou Theatre.

New this year, the Startup Day pitch competition will feature two prize categories: judges’ choice and crowd favorite. T&T Scientific, former Boyd Venture Challenge winner, claimed the winning prize during Startup Day 2016.

2016 Startup Day winner T&T Scientific

Innov865 Week is presented by the Innov865 Alliance. The Innov865 Alliance develops, supports and promotes the Knoxville region’s entrepreneurial ecosystem. Founding members include the University of Tennessee Research Foundation, Oak Ridge National Laboratory, PYA, the UT Anderson Center for Entrepreneurship & Innovation, Three Roots Capital, Launch Tennessee, Knoxville Entrepreneur Center and TVA.

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.

Simple Supplements Wins Spring 2017 Vol Court Pitch Competition

2017 Spring Vol Court Pitch Competition winners: Sushmitha Vijaya Kumar, Florin Matei, and Matthew Young.

A simpler, less messy approach to protein supplements helped University of Tennessee, Knoxville, junior Florin Matei take home the top prize at this year’s Vol Court Pitch Competition. Simple Supplements, a startup founded by Matei, beat 18 competitors to take first place.

Vol Court is hosted twice a year by the Anderson Center for Entrepreneurship and Innovation in UT’s Haslam College of Business.

Simple Supplements provides a protein powder product that requires no measuring or preparation by the consumer. The ready-to-use protein powder pods feature an edible casing, ready to mix with liquids.

Matei, a management major from Gallatin, Tennessee, won $1,500 along with one year of free office space in the UT Research Foundation Business Incubator, consulting services courtesy of PYA, legal advice from Morehous Legal Group and a yearlong subscription to TurboFunder provided by Funding Sage.

Second place went to Matthew Young’s Sparrow Drones, a rescue communications device aimed at strengthening the correspondence capabilities of EMTs, police, firefighters and other first responders. Young, a junior in finance from Chester Springs, Pennsylvania, won $1,000, six months of free office space in the UT Research Foundation Business Incubator, consulting services from PYA, legal advice from Morehous Legal Group and a yearlong subscription to TurboFunder provided by Funding Sage.

Third place went to µRNA Technologies, a company developing diagnostic kits for simple, rapid detection of pathogens causing diseases. Sushmitha Vijaya Kumar, a Ph.D. candidate in the Graduate School of Genome Science and Technology from Knoxville, founded the company. She was awarded $500 and a yearlong subscription to TurboFunder provided by FundingSage.

First place winner and Vol Court judges: David Morehous, Morehous Legal Group; Alexa Sponcia, Hard Knox Pizzeria; Paul Sponcia, The IT Company; Florin Matei, Simple Supplements; Aaron Riley, Cirrus Insight; Chris Miller, Three Roots Capital; Nghia Chiem, UT Research Foundation.

“I’m pleased by the number and variety of ideas this semester,” said Shawn Carson, Vol Court director. “Vol Court continues to grow each semester.”

The Vol Court Pitch Competition was the final event of the spring 2017 Vol Court Speaker Series. Prior to the competition, teams attended five entrepreneurial lectures covering topics like opportunity identification and intellectual property. Prize money was donated by presenting sponsor Cirrus Insight and supporting sponsors Launch Tennessee and the IT Company.

Vol Court is a free event hosted by the Anderson Center each fall and spring semester. It is open to UT students, faculty and staff, as well as members of the local community. Sponsors for the spring competition included Cirrus Insight, the UT Research Foundation, Launch Tennessee, PYA, Morehous Legal Group, the IT Company, Hard Knox Pizzeria, Three Roots Capital and Funding Sage.

Vol Court Pitch Competition and Speaker Series Kicks Off Feb. 1

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The Anderson Center for Entrepreneurship and Innovation invites students, faculty, staff and members of the local community to pitch their business ideas at Vol Court, a semiannual pitch competition and speaker series.

Winners of the competition receive up to $1,500 in prize money, space in the UT Research Foundation Business Incubator, and legal and accounting services.

Vol Court kicks off Feb. 1 with a five-week entrepreneurial speaker series. The event culminates March 8 in a pitch competition where attendees put what they’ve learned into practice.

Local entrepreneurs and UT faculty will cover a range of business topics. As part of the series, Vol Court director Shawn Carson will share his own entrepreneurial expertise.

“We’re excited to return for the spring semester with new speakers and topics,” Carson says. “Vol Court provides opportunities not only to learn from seasoned entrepreneurs but also to network with area businesspeople and entrepreneurial-minded students, faculty, staff and community members.”

Vol Court has grown in recent years to include more speakers, sponsors, participants and prizes. All pitch competition participants are eligible for cash prizes awarded to first-, second- and third-place winners.

Vol Court meets 5:15 to 6:15 p.m. every Wednesday from Feb. 1 through March 8 in the Haslam Business Building, 1000 Volunteer Blvd. The Feb. 1 meeting will be held in Room 103, but all other sessions—as well as the pitch competition—will be held in Room 104.

Anyone who participates in the March 8 pitch competition must have attended four of the following five series meetings:

Feb. 1: Opportunity Identification and Validation

Feb. 8: Getting to Your Market

Feb. 15: Understanding Basic Financial Statements

Feb. 22: Intellectual Property

March 1: Pitching the Concept

The speaker series and pitch competition are open to the public. There is no charge to participate in the event, and anyone interested in starting a company is encouraged to attend.

Vol Court is made possible by donated funds and services from sponsors, which include Cirrus Insight, PYA, Morehous Legal Group, Hard Knox Pizzeria, The IT Company, Funding Sage, 3 Roots Capital and the UT Research Foundation.

GeoAir Wins Fall 2016 Vol Court Pitch Competition

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GeoAir, a startup company founded by University of Tennessee, Knoxville, MBA candidate Alex Adams, won top prize at last week’s fall 2016 Vol Court Pitch Competition. The company beat 18 competitors to take first place at the competition, which was hosted by UT’s Anderson Center for Entrepreneurship and Innovation.

GeoAir gives a faster, more precise way to identify mold in fields by using a drone to take airborne samples of the field. That data is used to create a heat map, which identifies mold hot spots. This information allows growers to spot treat the areas instead of the entire crop, saving time, money and crop production.

L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Alex Adams, GeoAir; David Morehous, Morehous Legal Group PLLC; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI

L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Alex Adams, GeoAir; David Morehous, Morehous Legal Group PLLC; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI

Adams won $1,500 along with one year of free office space in the UT Research Foundation Business Incubator, consulting services courtesy of PYA, legal advice from Morehous Legal Group and a yearlong subscription to TurboFunder provided by Funding Sage.

Second place went to Taylor King’s ReInvent, an upcycling company that helps people take recyclable materials and transform them into works of art with the help of a local artist. King, a senior in business analytics, won $1,000, six months of free office space in the UT Research Foundation Business Incubator, consulting services from PYA, legal advice from Morehous Legal Group and a yearlong subscription to TurboFunder provided by Funding Sage.

 L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Taylor King, ReInvent; David Morehous, Morehous Legal Group PLLC; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI


L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Taylor King, ReInvent; David Morehous, Morehous Legal Group PLLC; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI

Third place went to Prometheus Group LLC, a consultancy group that focuses on risk management and travel security, reducing the cost of risk assessments for travelers while improving efficiency. The company was founded by Christopher Ruel, an MBA candidate and U.S. 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 team was awarded $500 and a yearlong subscription to TurboFunder provided by Funding Sage.

“I don’t think I’ve ever seen this many pitches at one time,” said Shawn Carson, Vol Court director. “It was high energy, and the quality of ideas gets better every year.”

L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Christopher Ruel, Prometheus; David Morehous, Morehous Legal Group PLLC; Jared Smith, Prometheus; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI

L to R: Brittany Burgess, Launch Tennessee; Paul Sponcia, IT Company; Alexa Sponcia, Hard Knox Pizzeria; Christopher Ruel, Prometheus; David Morehous, Morehous Legal Group PLLC; Jared Smith, Prometheus; Jake Holt, Cirrus Insight; Eric Elliott, Teknovation.biz; Shawn Carson, ACEI

The Vol Court Pitch Competition was the final event of the fall 2016 Vol Court Speaker Series. Prior to the competition, teams attended five entrepreneurial lectures covering topics like legal structure for businesses and unconventional funding sources. Prize money was donated by presenting sponsor Cirrus Insight and supporting sponsors Launch Tennessee and the IT Company.

Vol Court is a free event hosted by the Anderson Center each fall and spring semester. It is open to UT students, faculty and staff as well as members of the local community. It’s made possible through sponsorship from Cirrus Insight, the UT Research Foundation, Launch Tennessee, PYA, Morehous Legal Group, the IT Company, Hard Knox Pizzeria, Three Roots Capital and Funding Sage.