This educational tool, produced by a company called Edboard, seeks to help kids learn about electrical engineering in a fun and engaging way. (Credit: Edboard)
Top: The DocForge team (starting at the top left: Gernene Tan, Elizabeth Damioli,听Baraka Kombe-Jarvis, Wyatt Raich听and Jackson Roberts) celebrates its second-place finish virtually; middle: CheckPls accessories for smartphones; bottom:听The SickStick team (from left to right: Sara Sawyer, Camille Paige, Qing Yang and Nicholas Meyerson) celebrates听after a big win at the Lab Venture Challenge competition in November 2019. (Credits: Darwin Biosciences; Frenz;听DocForge)
There was no confetti and no red carpet at this year鈥檚 for the New Venture Challenge (NVC) on April 7, a showcase for entrepreneurship at CU Boulder.
But the six startup companies vying to take home more than $100,000 in prize money and investments still had fun: Competitors wore bolo ties and suit jackets over shorts (conveniently out of view), while emcee extraordinaire Brad Bernthal spoke from his home computer and adopted a lint roller as a microphone.
鈥淲e鈥檝e staged the NVC championships amid adversity before. We鈥檝e twice been hit by April snowstorms,鈥� said Bernthal, an associate professor of law at CU Boulder, at the start of the festivities. 鈥淏ut we鈥檝e never seen anything like this.鈥�
Luckily the startups, many of which were led by CU Boulder students, stood out more than Bernthal鈥檚 occasional impression of a wrestling announcer. The top spot at the online gala went to Darwin Biosciences and its SickStick. This device analyzes saliva samples to test if people have been exposed to contagious diseases in less time than it takes you to cook your breakfast.听
For its efforts, Darwin Biosciences, headed by CEO Nicholas Meyerson, won $30,000 in prize money and $25,000 in investment offers.
鈥淚t really is an incredible honor,鈥� said Meyerson, a postdoctoral research associate at the BioFrontiers Institute at CU Boulder. 鈥淸We are] truly just trying to make a difference in people鈥檚 lives. This is just going to propel us forward in ways we couldn鈥檛 have imagined.鈥�
The award was a fitting cap to the NVC, which did not hold an in-person ceremony for the first time in its 12-year history because of the听coronavirus pandemic. Meyerson and his colleagues are currently working to adapt SickStick for that same crisis, and hope to use the tool soon to begin screening patients for COVID-19 infections.听
The SickStick team also includes Sara Sawyer, a professor in BioFrontiers,听Camille Paige and Qing Yang of CU Boulder听and COO Rick Whitcomb.
Learn more about SickStick听here
As Jeremy Bloom, one of the NVC judges and a former CU Buffs football player, put it: 鈥淚t鈥檚 not often that you can be an entrepreneur and save people鈥檚 lives.鈥�
How to save a life
It was one of the evening鈥檚 themes.听
For the six finalist teams, the night was a grueling one: They each delivered a 5-minute video pitch, then answered a series of questions from four Shark Tank-style judges.
Helping people was certainly the motivation for Frenz, the company behind CheckPls. This tool might look like one of the Pop Sockets accessories you snap onto your phone, but CEO Zayna Pieper and her colleagues designed it to keep college students safe. It鈥檚 easy: You dip your finger into a beverage, touch the test strip hidden inside the device, and CheckPls will screen your drink for six common date-rape drugs.听
鈥淓verybody has the right to choose what they consume,鈥� said Pieper, an Engineering Plus student at CU Boulder.
Mycobacteria Therapeutics, which includes several researchers from CU Boulder, has taken a different tack. The company is looking for better ways to treat post-traumatic stress disorder, and it鈥檚 asking bacteria for help. The group developed a microbial cocktail, a type of treatment called 鈥渋mmunobiotics,鈥� that can reduce brain inflammation in people struggling with PTSD.
鈥淚 have seen a veteran go into a full-on panic attack in the middle of the VA because their PTSD was triggered by crowds and loud noises,鈥� said Christopher Stamper, an assistant professor at the CU Anschutz Medical Campus who earned his PhD at CU Boulder. 鈥淭his is truly a debilitating disorder.鈥�
Rounding out the NVC finalists were Soulutions Tech, a team working to 鈥済ive people with Parkinson鈥檚 their voice back,鈥� and for kids. A netted second place, and nearly $50,000 in cash and investments, for its work to make technical documentation easier for businesses across the country.
Being flexible
- 1st place: Darwin Biosciences ($30,000 + $25,000 investment offer)
- 2nd place: ($22,500 + $25,000 investment offer)
- 3rd place: Mycobacteria Therapeutics ($15,000)
- 4th place: ($12,500 + $5,000 purchase order)
- Tied for 5th place: Soulutions Tech ($10,000)
- Tied for 5th place: Frenz ($10,000)
The six startups all left the event with at least $10,000 more in their pockets, an apt reward for months spent honing their products and strategies. They were selected from a starting pool of 146 competitors, a record for the NVC.
The challenge鈥檚 organizers also had to learn how to scramble, pulling together an all-remote event with several weeks鈥� notice. Despite that shift, more than 800 people registered to attend the remote shindig, a bump over last year鈥檚 664.听
鈥淚 never would have thought we would only have a few weeks to pivot from an in-person event at the Boulder Theater to a completely virtual event with 824 people tuning in,鈥� said Sara Jennings, NVC鈥檚 director. 鈥淥ur startups, judges and operational team adapted quickly in true entrepreneurial fashion.鈥�
Vice Chancellor for Research and Innovation Terri Fiez agreed.
鈥淥ur greatest challenges often bring out the best in us,鈥� Fiez said. 鈥淲ith a record 146 teams competing in NVC this year, the true entrepreneurial spirit shone through [Tuesday] night with an all-online finals. Best NVC yet.鈥�
