This thread is mainly up to college year 2011- 2012 - please see this thread for 2012-2013 on
Here are the past grand prize winners of the MIT $100K, $50K, and $10K Business Plan Contest.
There are also many other startups from our competition that became successful. This BostInno article provides some examples!
entrepreneur and job competitions include:
energy 200k http://cep.mit.edu/
development - global challenge 2012 teams ; past active teams ; blog ; events diary; teams are often inspired by the rich innovation ecology at MIT that includes the D-Lab family of courses, Development Ventures at the MIT Media Lab, engineering courses like 2.009, ;competition co-sponsors include mit alumni association
2012's 50 semi-finalists for part 3
Segal Family Foundation Emerging Markets
Products & Services
Come to the MIT $100K Finale to see the hottest MIT start-ups compete for the $100K Grand Prize!
Keynote Speaker: Todd Park, Chief Technology Officer of
The United States
Finale held @ MIT's Kresge Auditorium
Tuesday, May 15
Start-up Showcase at 6pm
Finale Show at 7pm
semi-finalists part 2
100k part1 the
Watch the videos on YouTube/Facebook and like the Facebook post/YouTube video to support a team. You can search for a team by their Team name using the search bar.
|Team Name||Facebook Post||YouTube Video||Like Count at the Deadline.|
|The Beth Project||639|
|Practical Education Network (PEN)||556|
|Saarthi - Retail Store for Villages||533|
|Borealis Disaster Relief System||531|
|A SELF SUSTAINING COMMUNITY||507|
|FBI - Fantasy and Body Institute||506|
|Weightless Weight Machine||503|
|My College Hustle||278|
pitch competition entries 2011-2012
main mit interviews during 2011 : 1
2012 energy 200k award winners http://cep.mit.edu/2012-competition/2012-winners/
37 teams entered our final round of submissions. Last week, we were joined by 300 people to celebrate the work of this year’s teams and announce our awards. The keynote speaker Joi Ito, Director of the MIT Media Lab, set the stage for the evening. "The cost of innovation has gone down so much," he encouraged the crowd, "Instead of trying to minimize risk, just try it. Just do it.” This year we awarded 10 teams a total of $72,500 to further their projects. The winning teams were awarded based on recommendations from our judges, who are leaders around the world representing organizations like UNICEF, MIT, PopTech, Liquidnet and much more. What’s more, we also awarded 3 teams each with $1,500 for winning the Community Choice Vote. They were awarded based on the over 5000 votes from community members like you. For the MIT News Office’s coverage of the evening, click here. We’re pleased to introduce you to this year’s award-winning teams: $10,000 Award Winners
Essmart — Giving rural Indian retail shops access to technologies that can improve their customers’ lives.
recovers.org — Developing technology tools for disaster relief.
wecyclers — Harnessing the power of urban communities to reclaim their environment from unmanaged waste.
inSight — Developing a mobile technology used to photograph the human eye retina, for early diagnosis of Diabetic Retinopathy to prevent global blindness.
Fula&Style — Working to manufacture and sell business apparel in West Africa by adapting and improving speed, quality and design issues with the current dominant consumer-tailor model.
Otto Clave – Improving the data available on the use of autoclaves and other medical devices through SMS to enable a large scale field trial in rural areas of Nepal.
OpenIR — Working to offer geo-located infrared data as on-demand map layers, and translating the data so that anyone can read it easily.
The Beth Project —Creating a prosthetic socket that offers a custom fit without custom fabrication; providing adjust-ability for comfort and fitting, ultimately resulting in lower prosthetic care costs.
Takachar — Improving urban waste management in Kenya by turning household organic waste into charcoal.
Wi-care — Developing a wound pump that can be used to promote wound healing by applying a vacuum to increase blood flow
Samanvai Green Products – Providing sustainable, competitive and rewarding employment to uneducated and educated people with multiple disabilities in Andhra Pradesh, India by manufacturing green products like paper cups.
Indian Raga – Democratizing Indian music through technology.
SMART Coops – Delivering a new tool to help support the sustainable management of agricultural resources and trade for farmers in the Philippines.
http://globalchallenge.mit.edu/teams/view/269 Congratulations to the winners, and thank you to all of this year’s teams! --- GET INVOLVED --- YOU CAN HELP TEAMS! Through the IDEAS Global Challenge site, teams request help and individuals offer their help. Come help out! http://globalchallenge.mit.edu/help YOU CAN HELP IDEAS GLOBAL CHALLENGE! Our work this year wouldn’t have been possible without our enthusiastic volunteers. If you’re interested in helping us plan and run events, review proposals, and more, in the 2012-2013 academic year, email firstname.lastname@example.org. --- OTHER RESOURCES --- Meet this year’s teams: http://globalchallenge.mit.edu/teams We blog at: http://mitpsc.mit.edu/globalchallenge We share events and deadlines, at MIT and beyond at: bit.ly/tzkMJm We tweet through @mitchallenge
100k competition finalists
Team Webpage: http://www.peddl.com Idea Description
Peddl (peddl.com) is a local marketplace that connects people nearby who want to buy and sell things through simple mobile and web apps. We will change commerce by make it faster and easier to exchange goods and services — incorporating physical location, availability, and social trust mechanisms on a platform that is transparent and beautiful. Peddl launched in open beta last month in the Boston area. Our market already has thousands of users and over $150,000 of listed items
Team Webpage: http://www.usecloudtop.com Idea Description
CloudTop is a web application that seamlessly connects your online experience by bringing together your online file sources with online applications. By bringing these disparate best-of-breed applications into one experience, CloudTop enables an entirely new computing paradigm, allowing you to view, manage, and work on your files entirely within the browser. By removing the friction between online services, CloudTop creates whole new workflows: take Facebook photos, edit them in Pixlr to remove red-eye, and save them back onto Facebook; take a Dropbox file and drag and drop it into Google Docs. CloudTop brings the future of computing today: anywhere, anytime, any device access to all of your content and applications.
Cryoocyte will revolutionize aquaculture, the commercial farming of fish. Currently fish farms underproduce by up to 30% because of seasonal unavailability of fish eggs. We make fish eggs available to farmers year round by cryopreserving them — a process that was impossible until now.
Website: www.podimetrics.com Idea Description
Podimetrics is committed to ridding the world of diabetic foot ulcers, a condition that leads to nearly 100,000 amputations each year in the US alone. Our patent-pending technology aims to detect these ulcers before they develop, allowing for timely, inexpensive treatment.
The goal is to develop a portable device to alleviate global visual impairment by increasing access to primary eye care. For much of the 153 million people suffering from visual impairment due to uncorrected refractive errors (i.e. myopia, hyperopia, and astigmatism) the barrier to eye care is not the cost of eyeglasses, but is instead a shortage of professionals that can provide an eyeglass prescription. Our goal is to increase accessibility of eye care to this population by developing IoVista, a low-cost, hand-held eye test device, which will be extremely easy to operate. We plan on marketing IoVista to clinicians, nurses, and other primary care providers, empowering them to provide basic refractive care with only minimal training.
Today’s wireless technologies cannot cope with a large number of devices in a small space. We’ve seen recent examples where Steve Jobs could not demo the iPhone 4 during his keynote unless people shut off their laptops, and hotels face similar situations with video streaming demand exploding after the release of the iPad. MegaMIMO is a novel access point design for overcrowded wireless networks that will increase the throughput of networks tenfold, without requiring changes to end user devices.
Summer finally arrives in Boston, and I’m at the annual lab barbeque. I get my burger and proceed to add all the necessary condiments: lettuce, tomatoes, onions…but oh no! The ketchup bottle is running low! I violently shake and slam on the bottle but only manage to get a small drop out (or even worse, I spray it all over my clothes!). Easy product dispensing is one of the key challenges faced not only by ketchup bottlers but a variety of other condiment retailers that make up an industry characterized by $33 billion in total annual sales worldwide. LiquiGlide solves this problem with a super slippery coating that allows for easy and complete dispensing of food items such as ketchup and mayonnaise. Developed in the Varanasi Research Group at MIT, this new coating is made from nontoxic materials and is easily applied to food packaging.
The 2012 MIT 100k business plan competition concluded on Tuesday night in Boston. The event, since 1989, has helped start 160 companies, 52 of which collectively raised $1.3 billion in venture funding. Larger enterprises including Oracle and Merck acquired 30 of those.
The $100,000 cash prize and top honors went to CloudTop, a software-as-a service business founded by 22-year-old undergraduate Brett van Zuiden, with co-founders Anand Dass, Liyan David Chang and Thomas Georgiou. CloudTop’s first product, Filepicker.io, makes digital content portable and usable between any devices, browsers, sites and applications.
CloudTop’s tech could, for example, let a Google user drag and drop a photo from Picasa into their Facebook Timeline, then over to a WordPress blog post, and a board on Pinterest–all without redundant uploading, downloading and file re-labeling. It works even if someone is accessing their files via the Safari browser on an iPad.
The company has already won its first customer, a French media business called Tactilize, and is offering a “freemium” version of its technology to web developers now. Since launching in April, Filepicker.io has had 1,100 developer signups.
After its founders graduate from MIT and Sloan this spring, CloudTop seeks to forge relationships with “the makers of the top sixty apps used by consumers,” and to scale its product so that it works across every available device and browser. They’re thinking about apps like Picasa, Zoho, Docusign, Balsamiq, Picplum, Pixlr, HelloFax, TinkerCAD and Walgreen’s photo printing app (photo.walgreens.com) immediately. Their eventual goal is to become “the content hub for the web, as we integrate with popular services like Gmail, Facebook and Dropbox,” said van Zuiden.
Everyone’s a winner
The $100K competition's runner-up, LiquiGlide, pitched a product that would solve a particularly sticky problem: The team invented a slippery, biocompatible coating that could be used to line ketchup and mustard bottles. A video illustrating the product showed a blob of ketchup sliding through a glass bottle with a simple tilt of the hand — a frictionless alternative to today’s less user-friendly condiment designs. The group’s quirky pitch earned it the Audience Choice Award, along with $2,000.
The company’s acting spokesman and co-founder, J. David Smith, explained the coating could save consumers from the annoying, sometimes messy process of pounding out the last ounce. But the applications for LiquiGlide technology could expand to oil and gas and other industries. Though the coating is made from plants and FDA-approved, food-safe materials, it has anti-corrosive properties as well. The co-founders of the team met in a research lab at MIT. They envision LiquiGlide as an R&D lab that licenses out its proprietary coating and related technologies, starting with food, bath and beauty product manufacturers
Two teams pitched health-related business plans: IoVista, a finalist in the emerging markets track, presented a plan for a handheld device that quickly performs eye tests. The team said the device could be useful in areas such as rural India and China that have few trained eye specialists.
Podimetrics, a finalist in the life sciences track, made its case for what looked like a bath mat — but when a team member stood on the mat, a screen overhead projected an image of his feet. The team designed the mat’s sensors to quickly detect abnormalities that are common complications for patients with diabetes.
In the products and services track,
Cryoocyte pitched a new method to freeze fish eggs — a tricky operation that the team said may help rejuvenate fisheries if stocks collapse. The team hopes to both make a profit and replenish fish stocks, a solution team members envisioned as “enabling the blue revolution.”
Several teams presented solutions to energy and web-based problems. SolidEnergy, a finalist in the energy track, pitched a new battery design that would stretch a laptop’s battery life on a single charge to 16 hours. Team member Qichao Hu, whose PhD thesis spawned the design, listed the many MIT collaborations that helped to improve the design. “The story of SolidEnergy is only possible at MIT,” Hu said.
The team MegaMIMO sought to unjam wireless connections. The team pointed out that in one of the late Steve Jobs’ presentations, the Apple co-founder had asked the audience to power down all laptops and smartphones, so Jobs himself could connect to a wireless network. “This might work for Steve Jobs, but not for the rest of us,” a team member said.
MegaMIMO’s solution is an “access point design” for overcrowded networks that clears up interfering signals, allowing more users to wirelessly connect without losing data transmission speed. The team capped their presentation with the tagline: “Mo’ MIMO, no problems.”
A potential alternative to Craigslist came in the form of Peddl, a team that pitched an app for buying and selling goods and services online. Like Craigslist, the application emphasizes local goods, but with an added bonus: The app creates maps, flagging listings close to a user’s location or address. The user-friendly interface allows a customer to indicate interest in a listing, contact a buyer, ask for a lower price, or post a listing. “For the last decade, Craigslist has dominated the local market,” the team pitched. “We think this area is ripe for disruption.”Judges at the 2012 MIT 100k competition included Carl Yankowski–a serial entrepreneur who led Palm through its IPO as chief executive, led Sony into a digital era, and helped Pepsi beat Coke in the late 70s
A general partner at Highland Capital Partners in Boston, Sean Dalton, In the past his firm invested in alumni competitors GemVara and QDVision.
look forward to watching these new Legatum Fellows develop and progress over the course of the year. Our 90 alumni are now engaged in entrepreneurial ventures that span myriad industries in 40 low-income countries. Most recently, alumna Daria Kaboli took second place at the Harvard Social Enterprise Conference’s Pitch for Change for Jamela, a venture that produces high-end moisturizers while increasing the income of rural farmers in the poorest region of Morocco. Javier Lozano, who founded diabetes clinic chain Clínicas del Azúcar, was honored as one of the top ten innovators and entrepreneurs under age 35 by TR35 Mexico. Bijal Shah is selling her fashionable, one-of-a-kind clothing made from repurposed saris on Boston’s upscale Newbury Street. And Satyajit Suri recently turned down an offer from a prestigious MPA program to return to India and fully launch his venture serving cognitively-disabled children and the elderly.
Our new Fellows are ready to follow in the footsteps of Daria, Javier, Bijal, and Satyajit – and to create their own remarkable paths. You can meet a few of these students below, or learn about all our new Fellows on Legatum website.