These CU Grads Just Won $100,000
With a high-tech safety gadget for walkers, undergrads hit the jackpot in CU's latest New Venture Challenge.
Timothy Visos-Ely had a lot to celebrate in May: Not only did he and high-school sweetheart Amy Eichman (IntPhys鈥19) both earn CU Boulder degrees, but Visos-Ely鈥檚 souped-up, midnight-gray Nissan Xterra was about ready for summer off-roading.
Also, he鈥檇 just won $100,000.
On April 3, before a live audience of about 350, Visos-Ely (EngrPlus鈥19) and four teammates, all fellow engineering undergraduates, placed first in the 11th annual New Venture Challenge, CU Boulder鈥檚 top competition for aspiring entrepreneurs.
鈥淭his means we get to have a decent shot at launching this company,鈥 said the 22-year-old Kansas-bred CEO of , a budding medical device firm that emerged from the team鈥檚 senior design project.
In all, 230 students, baby直播app and affiliates participated in the latest NVC, which this year awarded a record $250,000-plus from a mix of donors, companies and investors.
The StrideTech team designed a digital accessory for walkers intended to improve user health and safety. The device, SmartStep, aims to minimize falls and correct lapses in posture by assessing gait patterns and relaying real-time information about force exerted on the walker.
鈥淰ery little weight should be applied to the walker,鈥 said Visos-Ely, whose grandmother鈥檚 reliance on a walker inspired the project.
The first-place finish catapults StrideTech鈥檚 co-founders into postcollegiate life as bona fide entrepreneurs. This summer, Visos-Ely, Max Watrous (贰苍驳谤笔濒耻蝉鈥19), Humsini Acharya (EngrPlus鈥19) and Andrew Plum (MechEngr鈥19) will work fulltime on their product and company as participants in Catalyze CU, a threemonth business accelerator program. [NVC teammate Tom Saunders (MechEngr鈥19) has other plans.]
If Visos-Ely gets a breather, he鈥檒l recharge outdoors 鈥 hiking, mountain biking, tubing or off-roading in the Xterra. It鈥檚 equipped with a suspension he rebuilt himself. 鈥淚鈥檝e always liked fixing things,鈥 he said. 鈥淭he reason why I work on my truck is to make it better. I find ways to improve it. That鈥檚 kind of what inventing is 鈥 looking at what鈥檚 out there and making it better.鈥
Learn more about the NVC at .