First Eight Teams Advance in 2013 New Venture Competition

in Alumni, Entrepreneurship, Graduate Students, News, School, Students, Undergraduate Students
November 8th, 2012

Entrepreneurial Success Starts With a Strong Pitch

Would you shop at a natural products convenience store? Can you think of a way to use a portable hologram projector? These were two of the 25 new business ideas proposed at the Pitch & Pizza event on October 26, the first stage in the three-part 2013 New Venture Competition. Open to the public, the New Venture Competition features BU students and alumni competing for the opportunity to win a spot in BU’s Startup Summer Camp and a package of startup legal consulting worth $10,000.

From October’s Pitch & Pizza, eight teams or individuals advanced to the semifinals in March (listed below, and pictured in the video above).

BU students and alumni with a business idea are invited to enter the next round of Pitch & Pizza on Friday, February 1, 2013. Applications will open in January.

The first stage of the New Venture Competition, Pitch & Pizza, is simply a 60-second verbal pitch for a new business. The judges allow visual aids, but no PowerPoint. In the semifinals (Friday, March 1, 2013), the deliverable is an executive summary and presentation to a panel of experts. At the finals (Wednesday, April 3), teams will deliver a five-minute presentation and executive summary to angel investors.

Executive-in-Residence, Lecturer, and event director Beth Goldstein said, “[The judges] were all impressed with the range of business concepts presented at Pitch & Pizza I, and we look forward to seeing more at Pitch & Pizza II in February and how all the winning entrepreneurs move forward with their projects. To support their efforts, we’ve developed a new program called our Terrier Track New Venture Workshops, which we’ll begin rolling out as soon as students return for their spring semester in January. These will be 90-minute intensive workshops every Friday afternoon, led by experts in launching businesses. Anybody can participate and we’re planning on offering this on the cloud so our alumni can also watch.”

The New Venture Competition is sponsored by the Institute for Technology Entrepreneurship and Commercialization (ITEC), housed in Boston University School of Management, and first stage judges include SMG entrepreneurship faculty, invited alumni, and sponsors from the venture capital, legal, and entrepreneurship worlds.

The eight October 26 Pitch & Pizza teams that will advance to the March semifinals are:

  • Consumer Website Help, Peter Smith (BSBA’13)
  • Customized Cupcake Bar, Jill Acquarulo, (BSBA’13), Soleil Schwabe (BSBA’13), and Emily Burdett (BSBA’13)
  • DiagnosQuick (People’s Choice Winner), Timothy Chanoux (BSBA’13)
  • euMetrica Project, Dmitri Boulanov (ENG’10)
  • I.Deal.Lokal, Sinisa Baranac (BSBA’13)
  • NineBrain, Inc., Arun Rai, (MED’14) and Ruby Kandah
  • Read Ahead, Matt Uvena (MS·MBA’14)
  • TownRally, Asad Butt (MBA/MS in Media Ventures ’12)

To learn more details about the New Venture Competition, visit ITEC’s website.