KontrolTV Wins ITEC’s 12th Annual $50K New Venture Competition
Story via BU ITEC:
Congratulations to Daniel Gnecco (BSBA’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 (MBA’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 (MBA’78), Kodiak Venture Partners; Charles Lax (BSBA’82), Grandbanks Capital; Eugene Hill (MBA’80), 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 Capital, Kodiak Venture Partners, Morse, Barnes-Brown & Pendleton, Paul Horn & Associates, SV Life Sciences, TeleEMG, and WilmerHale.