A panel of three investors awarded the Student Entrepreneurship Fellowships after hearing business pitches from a group of 12 students who took part in an intensive, three-week
The winning business ideas, which received
"We expect them all to establish businesses. Even if they fail, the skills they learn will enable them to take their next idea forward,"
Students had to apply to get into the course, which was open to undergraduate and graduate students and was offered during the winter session.
The eLab course, billed as an entrepreneurial boot camp, was aimed at people who already had a promising business idea but who wanted to learn more about how to bring an innovation to the marketplace.
The 12 students received instruction in polishing their business pitches, figuring out how to find the right market for their ideas and how to better engage their customers, according to the university.
Some of the students ended up working in teams, so the panel of investors heard 10 presentations on Friday, said
The winning ideas are:
--Emviss, short for Electromagnetic Vibration Isolation and Stabilization System, a manufacturer of electromagnetic devices for use in hospitals and research centers, founded by Hosein Kerdar, a civil engineering doctoral student, which earned
--WeStudy, the app that helps students find study partners or tutors, founded by Vitchel Toussaint, a senior psychology major,
--Stickerlight, the luminescent laptop sticker popular with DJs, created by
-- B2Y Education, which develops marketing programs for young people, founded by
-- Earth Risk Systems, the natural-disaster software, developed by
--E-Bridge, a mobile app that founder
In addition to the seed money, the fellows also receive shared space in the UB Technology Incubator and access to business and legal advice and other professional services.
Some of the companies are further along than others. For example, the WeStudy app is available in the iTunes and Android app stores and Stickerlight has a modest web presence.
The eLab course was a joint production of
It was the first year of the eLab and fellowship program and STOR has enough funding in place to continue to offer them for three more years, Robinson said.
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