ITEC Announces $50K New Venture Competition Finalists
Four Teams Selected to Advance to Final Round
ITEC is pleased to announce the selection of four finalists for the 11th Annual $50K New Venture Competition:
- ACCEasy, headed by Katsiaryna Akhlopkava, GSM ’11, is accounting SaaS for Russian small businesses. It is an inexpensive, easy to deploy, and scalable solution that can be integrated with major standards of existing accounting software on the market.
- Handlebikes will enter the bicycle market by offering an innovative solution that will increase comfort and performance for bicyclists. This business is headed by Fredrik Fjellsaa, ELC ’10, a graduate of the Global Diploma in Entrepreneurship program, with team support from Inese Pumpure.
- Nyumba, headed by Andrea Fernandes, SPH’10, is a robust cell-phone/solar-powered pulse oximeter developed by BU’s Laboratory for Engineering Education and Development. It can potentially identify pneumonia patients in developing countries and accelerate achievement of Millennium Development Goals. Amy Canham, ENG, and Benvy Caldwell, SPH, are also members of the team.
- RayVio, headed by Dr. Yitao Liao, ECE ’10, is a spin-off from a BU research lab. The company is developing revolutionary UV LEDs that are a low-cost, durable, and energy efficient substitute for mercury lamps. Dr. Liao is joined by Simon den Uijl, Chen-kai Kao, and BU Professor Moustakas.
This select group of business teams represents individuals from several schools at the university, including the School of Management, the College of Engineering, and the School of Public Health. Congratulations! We hope you will watch them compete at the finals on Wednesday, April 6, 2011 at the School of Management.