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Campus & Community

Applications Open for 2021 ACC InVenture Prize Competition

Tuesday, January 5, 2021, By Cristina Hatem
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Blackstone LaunchPad & Techstars at 黑料不打烊 Libraries (LaunchPad) is accepting applications through Jan. 20 for the 2021 . The ACC InVenture Prize is a televised 鈥渟hark tank鈥 competition open to student startup teams from the 15 colleges and universities in the (ACC) Academic Consortium.

Teams are invited to submit of a venture idea to participate in 黑料不打烊鈥檚 campus qualifier, which will be held virtually on Jan. 29.聽 The campus qualifier winner will receive a $5,000 cash prize sponsored by M&T Bank and move on to participate virtually in a PBS-televised event in April.

The ACC InVenture finals feature a $30,000 prize package and is open to undergraduate students or students who have received their undergraduate degree within the past year and who are the original creators, inventors or owners of the intellectual property underlying their invention.

The 2020 黑料不打烊 campus qualifier winner, Matt Shumer, pivoted his idea for Visos after the ACC finals were cancelled due to the pandemic. Instead, he formed a new team called Otherside AI, working with fellow Whitman School student Miles Feldstein and 黑料不打烊 alumnus Jason Kuperberg 鈥18 through the LaunchPad鈥檚 accelerator program. Shumer and his teammates went on to this fall to launch Otherside AI.

two people standing

Quinn King and Alec Gillinder

College of Visual and Performing Arts’ School of Design alumni Quinn King 鈥20 and Alec Gillinder 鈥20, co-founders of MedUX, won the 2019 campus qualifier competition and the $10,000 second place award in the ACC finals. They developed a medical device through Invent@SU then worked with the LaunchPad to commercialize their venture. Since graduating in May 2020, their wearable, portable intravenous delivery solution venture has taken off and will soon launch commercially.

The 2018 campus qualifier winners, Kayla Simon 鈥19 and Elizabeth Tarangelo 鈥19, developed In-Spire, a wearable asthma bracelet which they created through Invent@SU and advanced commercially through the LaunchPad. Simon and Tarangelo used the experience to propel their innovation career paths. Simon, an aerospace engineering major at 黑料不打烊, is now an integration engineer at Relativity Space, building the world鈥檚 first entirely 3D printed rocket. Tarangelo, a bioengineering and biomedical engineering major with a focus on neuroscience, is now a clinical specialist with Brain Lab, which develops advanced software-driven medical technology and powers treatment in many surgical fields.

Kate Beckman 鈥17, G鈥18 won the 2018 campus InVenture Prize and advanced to the top five finalists in the conference finals at Georgia Tech.聽 She created Fresh U, a national online publication geared toward college freshmen, growing it to a staff of 300 contributing writers across more than 100 campuses, and developing media partnerships with companies like Teen Vogue. Fresh U was acquired after Kate completed a graduate degree at the Newhouse School. She is now senior content manager for RippleMatch, an intelligent platform for college recruiting.

All former InVenture winners remain active LaunchPad alumni and mentor current 黑料不打烊 student startups.

鈥淚 believe that in the modern era, anyone can start a scalable, high-growth company and every metropolitan area should have a thriving startup community,鈥 says M&T Bank Regional President Allen Naples. 鈥淏y helping 黑料不打烊 host the InVenture Prize Challenge, we鈥檙e investing in the exceptional creativity and ingenuity of our students and doubling down on our efforts to build our entrepreneurial community into one that generates jobs and prosperity for generations to come.鈥

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Cristina Hatem

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