Category: News

BU’s $1K Terrier Competition Winner, Campus Protein, Wins Another $100K to Support Their Growth

May 7th, 2012 in News 2 comments

They were lifting in the gym every day, but were still on the hunt for supplements that would make them “get big and look lean.” After finding a combination that worked, they headed to their local vitamin store, realizing the magic antidote would cost them $145 — and that was for just a one-month supply. Tired of breaking the bank and getting ripped off, they started looking for ways to save themselves money. That’s when Campus Protein was born.

Started by four friends from home, who now attend Boston University and Indiana University, Campus Protein is a web platform that allows students to purchase brand-name supplements and vitamins at a price that aligns with their budget. The team offers free same-day delivery, providing an added level of convenience, and Chief Marketing Officer Tarun Singh admits they’ve already been urged to spread to neighboring schools, including UMass, Harvard, Boston College and Northeastern.

The team recently won Boston University’s Terrier Trap $1K Competition, and Singh says they took the advice they learned and applied it to Indiana University’s Building Entrepreneurs in Software and Technology (BEST) Competition. It was there they were awarded with $100,000, which Singh claims they’ll use to re-design their website and mobile app.

“Our goal is to help students learn about these products and more importantly to promote fitness,” Singh says. “Lately fitness is basically embedded in the college culture, and we think we bring something unique to the table to help students all around the nation.”

Following the BEST Competition, CEO of Luceo Solutions Mary Delaney, said in a press release, “We have high expectations for the four companies we’ve selected, and we feel they are positioned for success. It will be fun to watch them grow and change.”

Campus Protein has already begun seeing growth. So keep your strapped-for-cash eyes peeled as they get ready to roll out on other campuses.

http://bostinno.com/2012/05/06/after-winning-101k-campus-protein-looks-to-spread-to-other-campuses/

ITEC’s $50K Director, Beth Goldstein, provides advice to small business owners on MSNBC’s Your Business

April 17th, 2012 in News 0 comments

KontrolTV Wins ITEC’s 12th Annual $50K New Venture Competition

April 5th, 2012 in News 0 comments

Congratulations to Daniel Gnecco, SMG ’12 whose company, KontrolTV, won first place in this year’s 12th annual $50K New Venture Competition.  KontrolTV’s mission is to design an application that would make it possible to use a mobile phone like a television remote control, allowing the user to find and launch TV listings. The application would also allow you to see what your friends are watching on TV in real time. Gnecco started his company with his father, Juan Pablo Gnecco, and Alan Queen, an engineer from Gnecco’s hometown of Atlanta.

In addition to winning BU’s Competition, Gnecco has landed $500,000 in seed money from Dallas Mavericks owner Mark Cuban. KontrolTV was also selected as the winner of the TeleEMG People’s Choice Award, representing the company the audience believed is most likely to succeed.

Landing the second place position was BU alum Michael Adelizzi, ENG ’02. His company, Stabiliz Orthopaedics, based in Philadelphia, focuses on developing innovative orthopaedic medical devices for the treatment of traumatic bone fractures. The company’s lead product is a hybrid metallic-resorbable plate and screw system that allows surgeons to customize the healing process, eliminate the need for future surgeries, and reduce overall health care costs. Michael started the company in 2008 with colleagues Douglas Cerynik, MD and Bradley Grossman.

Third place was won by City Fuel Company, headed by Diego Torres-Palma, GSM ’13 and MIT graduate Matthew Pearlson. City Fuel is a small-scale renewable fuel technology company that plans to put Massachusetts at the leading edge of renewable energy and transportation technology. Its technology can convert new and used vegetable oils into fuels and chemicals.

Judges for the competition include: Louis Volpe, Kodiak Venture Partners, Charles Lax, Grandbanks Capital, Eugene Hill, SV Life Sciences and David Verrill, Hub Angels Investment Group.

The $50K New Venture Competition is generously supported by ITEC’s valued business partners:

Cummings Properties, GrandBanks CapitalKodiak Venture Partners, Morse, Barnes-Brown & Pendleton, Paul Horn & Associates, SV Life SciencesTeleEMG, and WilmerHale


Check out pictures from the event!

Massachusetts Clean Energy Internship Program

March 6th, 2012 in News 0 comments

clean energy council (1)

Massachusetts Clean Energy Internship Program

Overview

The Massachusetts Clean Energy Internship Opportunity is a workforce development initiative offered through the Massachusetts Clean Energy Center (MassCEC) and New England Clean Energy Council (NECEC) focused on enhancing the talent pipeline for Massachusetts companies engaged in the clean energy industry. Hosted at ma.cleanenergyeducation.org, the program facilitates the placement of students and recent graduates who are considering career opportunities in clean energy through paid summer internships across Massachusetts.

Through the program, MassCEC will reimburse eligible companies for intern stipends of up to $12 per hour, or $4,800 for up to ten weeks.

Last year, the Internship Program received over 800 student applications, resulting in the placement of more than 117 students and recent graduates in summer internships at 70 clean energy companies across the state. As a result of the internship program, 20 students gained full time and part time employment, and more than 70 students are being considered for future employment.

Eligible Companies

To participate in the internship program, companies must be located in Massachusetts, and
engaged in the clean energy industry. For the purposes of this internship clean energy companies will be defined as: ”…advanced and applied technologies that significantly reduce or eliminate the use of energy from non-renewable sources, including, but not limited to: energy efficiency; demand response; energy conservation and those technologies powered in whole or in part by the sun, wind, water, biomass, alcohol, wood, fuel cells any renewable, non-depletable or recyclable fuel…”

See the Host Company FAQ here.

Student Eligibility

Students or recent graduates must attend or have attended a Massachusetts college or university, or be a Massachusetts resident. If you know of any eligible students or recent students please invite them to submit their resumes for the program.

More Information

Interested in hosting an intern? Click here to learn more or download the company application form. Questions? Contact Abbey Strauss, astrauss@cleanenergycouncil.org.

ITEC Delivers Branding Workshop as Part of Its ‘Green Bag’ Lunch Series with ACTION

February 27th, 2012 in News 0 comments

As part of ITEC’s ongoing commitment to accelerate growth and success for early-stage cleantech businesses, on February 8 a workshop was presented to a packed audience of entrepreneurs at The Advanced Technology & Manufacturing Center (ATMC) of the University of Massachusetts Dartmouth. Beth Goldstein from ITEC delivered a presentation entitled: “Establish Your Brand as an Asset that Supports Growth” as part of ATMC’s Entrepreneurship Speaker Series. Appropriately retitled “The ITEC Green Bag Lunch Series,” representing the focus ITEC has on clean technology, the series is part of an overall initiative designed to create and deliver educational programs relevant to start-ups offered in collaboration with The Association of Cleantech Incubators of New England (ACTION).

In this one-hour session, Beth Goldstein, who teaches entrepreneurship at the BU School of Management and runs the university’s $50K New Venture Competition, focused on the value of branding for startups and educated the audience how to more effectively communicate their unique value with stakeholders including customers, prospects, partners, employees and investors. The participants left the session with a better understanding of branding as a real asset that impacts growth.

About The Institute for Technology Entrepreneurship and Commercialization (ITEC) at Boston University

The Institute for Technology Entrepreneurship and Commercialization (ITEC) at Boston University offers a new model for entrepreneurial research, education and commercialization. Housed at the School of Management, ITEC promotes cross campus exchange among students, faculty and alumni across all 17 schools and colleges at the university. We are dedicated to the new entrepreneur who is developing technologies, products, and services that meet pressing global needs in energy/environment, healthcare, and the digital economy. We are focused on providing the resources to empower these new entrepreneurs from across the university, within the local community and around the world to achieve great things, realize their dreams and impact society. For more information, visit www.bu.edu/itec.

About ACTION

The Association of Cleantech Incubators of New England (ACTION) is New England’s leading network of cleantech incubators sharing the common goals of accelerating the growth and success of early-stage companies, strengthening the regional cleantech cluster, and creating more green jobs in New England. ACTION is a nonprofit organization. Our network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of enterprises that will build a prosperous green economy, improve the quality of our lives and sustain the health of our environment.  For more information, visit www.actionnewengland.org.

About ATMC

The Advanced Technology and Manufacturing Center of the University of Massachusetts Dartmouth is located in the South Coast Research and Technology Park in Fall River, MA within a 60,000 sq. ft. state-of-the-art technology facility. The goal of the ATMC is to provide advanced technology and manufacturing solutions, through industry and university partnerships, to meet current and future business needs. Their Clean Energy Lab (CEL) is a collaborative center for construction and testing of clean energy generation units and concepts.

Paul McManus Joins Pardee Center as Faculty Fellow

February 2nd, 2012 in News 0 comments

The Frederick S. Pardee Center for the Study of the Longer-Range Future has appointed Paul McManus as a new faculty fellow.

paul-mcmanus

Paul McManus is an executive-in-residence and lecturer in Strategy and Innovation at the School of Management at Boston University. He is also Managing Director of the Institute for Technology Entrepreneurship and Commercialization (ITEC) and Executive Director of the Sustainable Neighborhood Lab (SNL), a unique, open innovation urban laboratory that engages academics, industry, government and citizens in public/private partnerships. These partners then pursue collaboration on cross-disciplinary research, with the goal of creating integrative solutions to measurably improve the quality-of-life for citizens in Boston and cities around the world.

As a faculty fellow at the Pardee Center, McManus’s work focuses on two main themes:

  • Developing environmental, economic, and social resilience within urban ecosystems
  • Supporting innovation in policies, processes, and practices for effective transitions toward sustainable futures

Prior to joining the faculty at Boston University, McManus was a venture partner with Boston Millennia Partners, a $740M fund with international investments in early-stage technology ventures in the life sciences, healthcare, medical device, information technology, and telecommunications industries.

In addition to his work with ITEC and SNL, McManus serves on the steering committees for the Boston University Clean Energy and Environmental Sustainability Initiative (CEESI) and the Sustainable Buildings Committee of Sustainability@BU, as well as on the Board of Directors for the Cleantech Open.

http://management.bu.edu/2012/02/01/paul-mcmanus-joins-the-pardee-center-as-faculty-fellow/

ITEC Partners with The Association Of Cleantech Incubators Of New England (ACTION) To Support Clean Technology Ventures

January 11th, 2012 in News 0 comments

With the goal of accelerating the growth and success for early-stage cleantech businesses, the Association of Cleantech Incubators of New England (ACTION) has partnered with The Institute for Technology Entrepreneurship & Commercialization (ITEC) at Boston University to develop and deliver educational programs relevant to start-ups. The educational programs are designed to support the unique and evolving needs of the companies hosted in the ACTIONetwork incubators, and to other select stakeholders.

Michael Ryan, President and Co-Founder of ACTION explained,“The breadth and diversity of our incubator network offers entrepreneurs a wide range of knowledge, experience, and resources that are often unavailable from a single incubator organization. By partnering with Boston University, we can offer our member organizations, and the entrepreneurs and emerging companies that affiliate with them, the unique ability to access world-class entrepreneurial education, designed to support their evolving business development needs.”

Paul McManus, Managing Director of ITEC, described the value of the university’s collaboration with ACTION. “As these companies make the challenging transition from lab to market, we are pleased to provide them with valuable educational support that enhances and accelerates their opportunity for success. The university is a major supporter of clean technology and we are pleased to collaborate with ACTION, an organization whose clear focus and promising mission helps improve the lives of individuals around the world.”

Greentown Labs, a Boston-based clean technology incubator and member of the ACTIONetwork, worked with Boston University’s ITEC and ACTION to coordinate a panel discussion as part of EnergyBar, a bi-monthly cleantech event held at Greentown Labs. Jason Hanna, Managing Director of Greentown Labs, commented on the event, “With the help of Boston University and ACTION we were able to organize and assemble a fantastic group of panelists. The discussion was very well attended and a great addition to our regular networking event. We’re looking forward to future collaborations with ITEC and ACTION.”

The event was held on Dec. 1, 2011 and featured an impressive group of experts discussing patents, and intellectual property opportunities/challenges facing cleantech entrepreneurs. Panelists featured special guest and BU alumnus, Azam Khan, Deputy Chief of Staff of the United States Patent and Trademark Office (USPTO), Brian Chemel, Co-Founder of Digital Lumens, Iain Cockburn, Ph.D., Richard C Shipley Professor of Management from Boston University and Michael Pomianek, Ph.D. J.D. from Wolf Greenfield. Jonathan Jensen, Director of Business Development for the Office of Technology Development at Boston University was the moderator.

About ACTION

The Association of Cleantech Incubators of New England (ACTION) is New England’s leading network of cleantech incubators sharing the common goals of accelerating the growth and success of early-stage companies, strengthening the regional cleantech cluster, and creating more green jobs in New England. ACTION is a nonprofit organization. Our network of incubators provides diverse resources and a highly- supportive hub in which entrepreneurs, business leaders, government agencies, community leaders, investors, universities, and other interested organizations can collaborate toward the successful commercialization of enterprises that will build a prosperous green economy, improve the quality of our lives and sustain the health of our environment.  For more information, visit http://actionnewengland.org/.

About Greentown Labs

Greentown Labs is a Boston-based incubator for early-stage clean energy companies. Greentown Labs provides the facilities, resources, and networks that help entrepreneurs launch their clean energy ventures. From their 14,000 square foot facility members gain access to a variety of services – including prototyping space, machine tools, welding and cutting equipment, and an electronics laboratory. Founded and managed by clean energy entrepreneurs-in-residence, Greentown Labs currently provides research & development space to thirteen early stage companies. Greentown Labs is conveniently located 3.5 blocks from Boston’s South Station in Boston’s newly titled Innovation District. For more information, visit http://greentownlabs.org.

Beth Goldstein of ITEC Writes a New Book About the Role of Luck in Entrepreneurship

January 9th, 2012 in News 0 comments

When it comes to business, consultant Beth Goldstein doesn’t believe in luck.

Certainly things happen that are out of your control, but you are more likely to be in a position to take advantage of them if you’re doing the right things.

In the ultimate test of this theory, Goldstein recently self-published a book on the subject, “Lucky by Design,” bypassing the traditional publishing route she followed for her first book…Read the rest of this entry>>

Hugh O’Donnell: Teaching How Art and Entrepreneurship Collide at Boston University

December 21st, 2011 in News 0 comments

Artist Hugh O’Donnell grew up in England during the Beatles era and watched the pop bands the Fab Four spawned. At Boston University’s “Students Startup America” event, he said what The Beatles, and those following them, did was something quite simple: they put together four people with different skill sets who could play together. Their talents collided, and the band members collaborated in a way that was fresh, new and innovative. That was the first time I began thinking about art as entrepreneurship…Read the rest of this entry>>

“Students Startup America” With Lessons On What It Takes To Be a Successful Entrepreneur

December 21st, 2011 in News 0 comments

Hugh O’Donnell, an internationally recognized artist and a professor of painting at Boston University’s College of Fine Arts, began his talk at TEDxBU by quoting French poet and critic Charles Baudelaire, saying, “There exist only three respectable beings: the priest, the warrior, the poet. To know, to kill and to create.” O’Donnell then took those three professions and morphed them into one: the entrepreneur…Read the rest of this entry>>