By Frida Carrera

During the summer of 2021, computer science student Neil Sanghavi and computer science recent grad Ahan Shah, both from Fairfax, VA, reconnected to catch up with one another and discuss the projects they were working on. In doing so they discovered a mutual resolve to create something using innovative technology and solve a problem relating to intellectual property, specifically patents. Both Neil and Ahan had just started to get into crypto trading and realized that NFT technology had more to offer than its collectible aspect. Here the idea of PatentX was created: to use NFT technology to provide utility in an antiquated space that lacked efficiency.

“It is estimated that we have $1 trillion in unused IP in the United States currently. Additionally, it is reported that there is $25.6 billion worth of patent monetization available today. This is why we created PatentX, a blockchain-backed marketplace to facilitate intellectual property transactions. We built this to make sure the little man innovators and entrepreneurs have an outlet to monetize and connect their patents with the world. Not only that, we are creating tools for large businesses, law firms, venture capitals to manage all of their IP on the blockchain that can handle transactions in seconds.”

Neil and Ahan describe their product launch process as a great learning experience and are firm believers that there can never be too much help. They are currently supported by DXPartners and have received help from various mentors and blockchain professionals. They have been able to traverse obstacles and learn about the marketing, finance, and business aspects behind building a startup despite coming from a technical background. 

Their vision for PatentX is to disrupt the traditional way intellectual property is being transacted and to become the World’s Next Web3 Patent Office. PatentX will be releasing an NFT collection of the most historic patent innovations this early March and encourage interested individuals to stay tuned for their launch. 

To learn more about PatentX visit their social media: 

Twitter: @PatentXNFT

Instagram: @PatentX.io

To learn more about student innovation at Georgia Tech visit: https://innovation.cae.gatech.edu/

By Frida Carrera

On April 2, 2022, Team carSEAL will represent Georgia Tech in the 6^th annual ACC InVenture Prize Competition hosted this year by Florida State University. Team members Shovan Bhatia, Joshua Cruz, Nicholas Lima, Derek Prusener, and Giancarlo Riccobono will compete against other teams in the ACC Conference for a chance to win up to $30,000 in prizes. 

carSEAL began with five biomedical engineering students collaborating on a capstone project. After being accepted into the highly sought-after Mayo Clinic Capstone Project, they received mentorship from Dr. Rabih Tawk, a world-renowned neurosurgeon. With his guidance, they learned that surgeons currently lack the tools to close the carotid artery after endovascular procedures. Through a pragmatic approach, the team developed 100+ conceptual designs and iterations. After numerous discussions with attending surgeons across the nation and preliminary testing, they developed carSEAL – a vascular closure device for the carotid artery. 

So far, the team has found the InVenture Prize process to be exhilarating.

“Through each round of this process, we have seen incredible teams working on impactful projects and it is exciting to be surrounded by such brilliant minds from numerous backgrounds. It has been especially rewarding working with so many supportive advisors from Georgia Tech, who have been through the startup process and have freely offered their expertise. Along each step of this process, we have learned something new to refine our pitch and ensure we are presenting our most competitive self at the ACC.”

Currently, aside from preparing for the ACC InVenture Prize, the carSEAL team is performing benchtop lab testing to evaluate its efficacy in animal models. Soon after, the team will be moving to pre-clinical studies on their path to obtaining FDA clearance before carSEAL is commercialized. Winning the ACC InVenture Prize would help them gain more traction and gather sufficient funds to help them with this process.

“I am extremely proud of our team’s achievements in the short 6 months that we have worked together. carSEAL has gained a lot of traction already and we are excited to see how far we can take this, hopefully bringing carSEAL to clinical practice within a few years,” Bhatia stated.

The Georgia Tech community can support carSEAL in the competition by voting for them for the People’s Choice Awards by visiting: https://accinventureprize.com/peoples-choice-voting. Online voting begins March 28.

To learn more about the ACC InVenture Prize visit https://accinventureprize.com.

By Frida Carrera

After almost a year of preparation, practice, and refinement, Georgia Tech’s annual InVenture Prize is down to six finalists competing in the final round on March 16^th. In this televised round, the final teams will pitch their inventions to a panel of judges and compete for the top prize of $20,000, assistance in patent-filing, and a spot in CREATE-X’s Startup Launch program.

In its 14^th year, the InVenture Prize competition features different innovations created by Georgia Tech students from all disciplines and backgrounds. For months prior to the final round, the finalists received coaching and assistance from mentors and coaches on building their prototypes, developing business models, and rehearsing their pitches to investors. The final six teams were chosen from previous preliminary and semifinal rounds that included a broad range of competitors. 

The finals of the InVenture Prize will air live from Georgia Tech’s Ferst Center for the Arts at 7:30 p.m. on March 16^th on Georgia Public Broadcasting. 

The 2022 finalist teams are:

The Foambuster: The Foambuster is a unique handheld tool that allows construction contractors to drastically cut down on the mess, hassle, and money spent that comes with installing exterior insulation.

Edward Diller, Mechanical Engineering, Los Angeles, CA

Davis Waln, Mechanical Engineering, Atlanta, GA

Christophe Senghor, Mechanical Engineering, Peachtree City, GA

Katelyn Sand, Mechanical Engineering, Westlake Village, CA

Jaime Paris Meseguer, Mechanical Engineering, Spain

Magic Crop: An application that uses the power of Artificial Intelligence and the rule of thirds to format any number of inputted pictures into the perfect headshot within seconds and without ever sending any images to the cloud or to a third-party server.

Megan Dass, Computer Science, Woodbridge, VA

Reflex: Emergency Medical Drone Response System to deliver life-saving medical equipment.

Nevin Gilbert, Computer Science, Boulder, CO

Usman Jamal, Computer Science, Tucker, GA

Sola: Sola provides a data-driven supplemental insurance plan which covers immediate out-of-pocket expenses for US homeowners following losses from tornadoes.

Brayden Drury, Mechanical Engineering, Park City, Utah

Wesley Pergament, Mechanical Engineering, Old Westbury, NY

StrideLink: Accessible gait analysis wearable for remote monitoring of walking asymmetry.

Marzeah (Zea) Khorramabadi, Computer Engineering, Birmingham, AL

Cassandra (Cassie) McIltrot, Biomedical Engineering, Sykesville, MD

Neel Narvekar, Computer Engineering, Arcadia, CA

Tony Wineman, Electrical Engineering, Woodstock, GA

Tabnam: AI-powered shopping assistant that leverages the knowledge of user experience data.

SooHoon Choi, Computer Science, South Korea

Daksh Gupta, Computer Science, Noida, India

Robert (Davis) Liddell, Computer Science, Lutherville, MD

Ethan Perry, Computer Science, Wellesley, MA

To request tickets for the event visit: https://inventureprize.gatech.edu/form/inventure-prize-ticket-request-f

To learn more about InVenture Prize visit: https://inventureprize.gatech.edu/

By Frida Carrera

On December 3, 2021, Startup Exchange presented the Fall 2021 Fellowship Pitch Competition sponsored by the Georgia Tech Student Innovation Program, Office of Undergraduate Education. The event took place at ATL Social Club in Tech Square, a major startup hub situated on Georgia Tech’s campus and perfect for those eager for innovation at GT. The event also welcomed partner companies and recruiters such as NCR and Stord. 

At this pitch-style event, six founder teams presented their innovative pitches and competed for first, second, and third place, each with a cash prize to aid in the advancement of their ideas. The first and second place winners of the competition were determined by three guest judges: Kathryn Petralia, co-founder of Kabbage and Drum; Thomas Suarez, co-founder of Teleport and Thiel Fellow; and Evan Jarecki, serial entrepreneur and BM at Startup Atlanta. The event commenced with a brief introduction by Startup Exchange executive board members, followed by presentations from the 6 teams including Fino, InSite, Jargon, and Tokenstack. After hearing each team’s pitch, the judges had time to deliberate and select the top two winners while the audience voted for the People’s Choice winner. Meanwhile, attendees were also able to hear from the partner companies and network while enjoying free perks such as food and beverages. 

“There are students everywhere across campus really starting on their start-ups and pursuing their dreams. Atlanta is a growing city and Georgia Tech is the perfect hub for that. These teams, we’re introducing them to entrepreneurship and giving those resources and intro-connections. By doing so, we’re inspiring them in a way. It’s just a great learning experience for them,” explained Startup Exchange’s Director of Fellowship Revanth Tiruveedhi.

Following the intermission, the judges presented the first-place award of $750 to Jargon, a browser extension that points out red flags in user contract agreements, as pitched by team members Kaleb Rasmussen and Devansh Khunteta. Second place of $500 was awarded to Eartheal by team members Colin Burnett, Philip Colt, Neal Austensen, and Brandon Sherrard. People's Choice of $250 was awarded to Tokenstack by team members Nitin Paul, Samrat Sahoo, Yatharth Bhargava, and Mohit Sahoo. The event then closed with remarks by Startup Exchange’s board members and photos with the participants.

To learn more about student innovation at Georgia Tech visit https://innovation.gatech.edu/  

By Frida Carrera

After almost a year since the completion of the 2021 InVenture Prize Competition, we caught up with Matt McMullen and Emma Bivings who competed as finalists on the SPOT Harness team, a harness that uses sensors and vibrators to help blind dogs navigate. Their experience in the competition exposed them to multiple experiences, environments, and demands necessary for startups for the first time. As a result, they were able to distinguish their areas of growth, gain valuable insights, and make potential changes in the direction of their product.

Today, Matt is currently a graduate student seeking a master’s in music technology and Emma is a full-time operations management trainee at McMaster-Carr. The team is still developing the SPOT Harness and has even grown its team to five members. Through funding and participating in Georgia Tech’s CREATE-X Startup Launch program, they have been able to launch their company Saving Grace Pet Solutions LLC. They plan to launch SPOT Harness under this company as well as develop other future products.

To future InVenture participants, Matt advises, “Don’t give up on your idea! The most important part of making it the distance is having a team with a passion for your product.”

The SPOT Harness team will be launching a kick-starter soon for preorders ahead of the official market launch of the SPOT Harness for blind dogs. They also advise anyone who has or knows someone who has a dog suffering from vision loss to visit their website to sign up for their newly refined prototype!

Visit their website here: www.savinggrace.tech

To learn more about the upcoming InVenture Prize Competition visit https://inventureprize.gatech.edu/ . Registration closes on Jan. 19.

By Frida Carrera 

Several months after the completion of the 2021 InVenture Prize Competition, we caught up with John Wooten to see what he’s been up to! In 2021’s competition, John’s innovation Block Transfer, a decentralized stock transfer agent protocol for global financial markets, placed as a finalist.  

Today, John Wooten has been actively working to grow Block Transfer by securing final SEC approval, acquiring funding by US Bank, and submitting utility patents. He believes that by combining blockchain tech with traditional financial markets, we can fundamentally change the world. John describes his experience as a finalist in the competition as being invaluable and advises, “We didn't know we could partake given prior admission to CX. Biggest advice is to just TRY!” 

You can learn more about Block Transfer here: https://www.blocktransfer.io/consult 

To learn more about the upcoming InVenture Prize Competition visit https://inventureprize.gatech.edu/  . Registration closes on Jan. 19. 

By Frida Carrera

After almost a year since the completion of the 2021 InVenture Prize Competition, we caught up with finalist Sammie Hasen to see what she’s been up to over the past couple of months! For 2021’s competition, Sammie’s invention, BCase, placed as a finalist for its accessible, discreet, and secure birth control storage that attaches directly to the back of your phone. 

Today, Sammie successfully launched BCase in New York City on World Contraception Day as one of five brands featured by Medsur Inc, the consumer goods company founded by Sammie. On September 26th, Medsur was even invited by The Pill Club, a leading contraceptive company, to participate in the launch of their uterus-shaped vending machines in New York. Medsur now continues to garner the attention from many leading health companies in the birth control space and this is just the beginning for Sammie. 

“I plan to keep growing Medsur and follow our vision of creating a suite of innovative products for uterus owners. I am slowly growing the team, and I have now added the incredible Alexa Graham as COO. She is a rockstar, and she will help me grow Medsur to be all that we envision it to be!”, she explained. 

Sammie adds that Medsur is always looking for new ambassadors to join the team and encourages anyone passionate about the femtech space and building innovative products to consider signing up!

You can learn more about Medsur and BCase on their website here: https://www.medsurinc.com/

To learn more about the upcoming InVenture Prize Competition visit https://inventureprize.gatech.edu/ . Registration closes on Jan. 19.

By Jessica Barber

On April 21, 2021, biomedical engineering student Michael Pullen will serve as Georgia Tech’s representative in the fifth annual ACC InVenture Prize. Here he will compete with teams from twelve other universities for the chance to take home $30,000 in prizes.

Pullen’s invention first took root when he experienced the struggle of getting turf burn while playing football. While most players seek protection through regular compression sleeves, this often leads to decreased grip, more fumbles, and difficulty in maneuvering plays.

While working in sports medicine with the Atlanta Falcons, Pullen found a way to directly avoid this problem. LZRD Sleeve is a compressive sleeve that integrates gripping and moisture-wicking technology to deliver protection and control without sacrificing mobility nor comfort. 

Since then, LZRD Sleeve has secured its place in non-athletic arenas. A year ago, the world of sports halted due to COVID-19 shutdowns. It was then that Pullen sought other applications for his innovative sleeve — LZRD Sleeve has expanded its market to delivery drivers, gardeners, and maintenance workers seeking better performance and protection from harm. 

LZRD Sleeve is now being used by the largest U.S. courier service, and it has also been featured in Neil DeGrasse Tyson’s podcast StarTalk. On the same hand, Pullen has been in contact with a whopping five Fortune 500 companies. He ultimately hopes that InVenture Prize will show that with hard work, nothing is impossible.

 “Never in a million years would I have thought I would be representing Georgia Tech in the ACC InVenture Prize. Getting out of your comfort zone and trying new things is important, and by winning, I hope to set an example so that others might do the same,” Pullen stated.

Overall, winning the ACC InVenture Prize would allow LZRD Sleeve to expand even further through capital investments, uptakes in production, and coverage of associated legal fees.

The Georgia Tech community is encouraged to show Pullen its support through voting for the People’s Choice Award of $5,000. Voting is open from 8 a.m. on Monday, April 5 until midnight on Tuesday, April 6.

To vote, please text GATech to win the ACC InVenture Prize People’s Choice Award to 415-965-7445.

Winners will be announced on Wednesday, April 21 at 7 p.m. on PBS stations throughout the ACC region. 

More information about LZRD Sleeve can be found at lzrdtech.com.

California, September 14, 2020: TiE Global hosted the 2nd edition of the TiE University Pitch Competition over the weekend. Cash prizes of close to $14,000 and almost $35,000 worth of in-kind prizes were given out to the 13 participants. TiE Atlanta’s Aerodyme Technologies from Georgia Institute of Technology came in first, winning $5000. TiE Silicon Valley’s team Ambii from San Jose State University bagged the second prize, winning $3000; while TiE Toronto’s LSK Technologies, a MedTech startup from the University of Toronto emerged as the third winner, winning $2000.

The winning team, Aerodyme Technologies has created a novel device that saves fuel costs for tractor-trailers by minimizing aerodynamic drag. Ambii, which came in second, provides an in-store music streaming platform for retail outlets, cafes and restaurants without the hassles of licensing. Third prize winner, LSK Technologies, created a diagnostic device for testing infectious diseases such as Covid19 at the point of need. 

Congratulating the winning team, Mahavir Pratap Sharma, Chairman of the TiE Global Board of Trustees said, "We are proud of these young talented entrepreneurs. Their growth story from pitches at their local TiE Chapters till the Global Finals has seen a massive expansion and iteration of thought and structure. This is a complete team effort put forward by the program co-chairs and charter member mentors who helped them grow their idea, giving them thorough guidance and mentoring the students over the last few months to compete on a global stage.”

Aerodyme Technologies participated in Georgia Tech’s CREATE-X Startup Launch program during summer 2019. During the startup accelerator program, the Aerodyme team was able to conduct customer discovery and receive mentorship and funding to take their product to market. The team also won 2nd place in the 12th annual InVenture Prize competition in March 2020. As part of the competition, Aerodyme received $10,000 in cash and patent filing assistance funded by the Georgia Tech Research Corporations. 

The second edition of the TiE University jointly organized by TiE Atlanta & TiE Hyderabad had 13 teams representing TiE chapters from India, Israel, UAE, Israel, USA, and Canada. These teams were previously the chapter winners and were then mentored to participate in the Global finals. After the Semi-final round on Saturday, seven teams were selected for the finals. Teams had a 10-minute pitch to an eminent Jury panel and a 5-minute live Q&A. 

Speaking at the Presentation Ceremony the TiE University program co-chairs Dr. Paul Lopez, SubbaRaju Pericherlaand Viiveck Verma, said they are looking to expand the program participation to 40 chapters and 400+ universities worldwide by 2022.

The worldwide jury panel for the finals, consisting of VCs and investors, included Bodhi Capital’s  Dharti Desai, Silicon Valley Bank’s Priya Rajan, Elevate Capital’s Kumar Sripadam, and Inflexor Ventures’ Venkat Vallabhaneni.  Semi-finals judges from across the globe included Craig Abbott, Rakesh Bhatia, Radhika Iyengar, Rama Devi Kanneganti, Doc Parghi, and Sonia Weymuller.

Apart from the top three winners, prizes were announced in various other categories. Silicon Valley’s Ambii and New Jersey’s Volant from New Jersey Institute of Technology jointly received a $1,500 Best Elevator Pitch award. Similarly, Teams Clean Electric from IIT/BHU, Varanasi representing TiE Mumbai, and Aruga Technologies from Carnegie Mellon University representing TiE Pittsburgh jointly received $1,500 Best Technology prize. Frinks, from IIT Hyderabad, representing TiE Hyderabad took the $500 People's Choice Award. Apart from this, all participating teams walked away with technology and service prizes worth $2500 per team.

The competition also hosted a keynote address by serial entrepreneur Thejo Kote. Thejo sold his connectivity startup, Automatic for $115 million to SiriusXm. He inspired the university startup teams and online audience alike by saying, “The biggest lesson I’ve learned along the way is to make sure you enjoy the journey (of building a startup) and it’s something that you learn from and grow from. Else it will be a lot more challenging.”

About TiE University:

TiE University program focuses on enhancing the learning objectives of university students globally through the creation and presentation of business pitches for startups and new small business ventures so that they aspire to become entrepreneurs. TiE University is looking to expand its reach to 40 chapters and 400+ universities worldwide. If you’re interested, reach out to the below-mentioned media contact. For more information, visit - https://tie.org/tie-university/

About TiE Global:

TiE Global, is a non-profit organization dedicated to fostering entrepreneurship around the World. TiE strives to inspire entrepreneurs through mentoring, networking, education, incubating and funding programs and activities. With nearly 2000+ events held each year, TiE brings together the entrepreneurial community to learn from local leaders, as well as each other. Few of the annual flagship events conducted by TiE are TYE, TiE Women, TiE University, TiECons and TGS. For more information, please visit our website at https://tie.org/

Media Contact:

Aparna Mishra Aparna@tie.org

By Jessica Barber

           On Wednesday, September 16, the Office of Undergraduate Education (OUE) hosted the kick-off session for the 13th Annual InVenture Prize. With over $35,000 in prizes, the competition is the holy grail of college entrepreneurship. Although the InVenture Prize officially starts in January 2021, students have already begun their preparations and idea declarations.

Unlike previous years, the kick-off was hosted online through Gatherly, a virtual event platform recently built by none other than Georgia Tech students. Despite this, attendees did not miss a beat. The kick-off marked a return to normalcy for the Georgia Tech innovation community from learning key information about the competition to directly speaking with past winners.

           After a welcome from interim Assistant Director of Student Innovation, Recha Reid, students were given an overview of some upcoming InVenture Prize events, including the ongoing Pitch Your Idea and IdeaBuzz sessions. Students were given an overview of OUE’s customer discovery, financial forecasting, marketing, and patent/copyright workshops. From there, the floor was turned over to Dr. Chris Reaves, executive director of the office for Academic Enrichment Programs.

           “At its core, the InVenture Prize is an invention startup competition, but we work together — even the teams work with each other — to help one another. We achieve more, grow more, and develop our companies better when we’re helping each other, and that’s a big part of what we’re doing,” Reaves explained.

           Later, students were given the opportunity to speak with representatives from Queues and Aerodyme, the respective first- and second-place winners of the 2020 InVenture Prize. Students learned firsthand what it takes to succeed on the InVenture Prize stage; the teams later offered advice on the invention process, their lessons learned, and the visibility benefits of participating in the competition.

           “If you’re on the edge right now about doing InVenture Prize, definitely do it. We actually had that same thought before we did it, and we’re just so glad that we did. It’s a lot of work, and you’re going to step outside of your comfort zone, but it’s so worth it”, said Joy Bullington of team Aerodyme Technologies. 

           Queues team member Sam Porta similarly had some words of encouragement for those looking into the 2021 InVenture Prize. 

           “The difference between an entrepreneur and someone who’s just engineering something is persistence, and the InVenture Prize is a great opportunity to test this. If you think you’ve come up with something great that has a lot of value, then, by all means, do it,” Porta emphasized.

           Towards the end of the session, students were invited to visit virtual “booths” dedicated to areas of health, retail, fintech, transportation, education tools, gaming, and networking.

           “InVenture is honestly one of the reasons I chose to come to Tech, and I’m just so excited to come into with something that I’m really confident about,” an attendee said.

           “The most interesting thing about tonight was hearing from the past winners and having them talk about their experiences. Definitely super excited to apply, and hopefully we do really well,” another stated.

           Registration for the 2021 InVenture Prize will remain open until January. Student innovators are invited to check out OUE’s information and development sessions to be held throughout the Fall semester. All dates and related topics can be found at innovation.gatech.edu and inventureprize.gatech.edu.

FIND OUT MORE ABOUT THE 2021 INVENTURE PRIZE BY CLICKING HERE

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