
ACC InVenture Prize 2023
3/30/2023 | 56m 43sVideo has Closed Captions
Undergraduate students from ACC universities compete in a entrepreneurship competition.
ACC universities select their very best undergraduate student entrepreneurs to represent them and compete against other ACC schools in this Shark Tank-style innovation competition. Florida State University will serve as the host of the 2023 Atlantic Coast Conference (ACC) InVenture Prize competition!
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WFSU Education is a local public television program presented by WFSU

ACC InVenture Prize 2023
3/30/2023 | 56m 43sVideo has Closed Captions
ACC universities select their very best undergraduate student entrepreneurs to represent them and compete against other ACC schools in this Shark Tank-style innovation competition. Florida State University will serve as the host of the 2023 Atlantic Coast Conference (ACC) InVenture Prize competition!
Problems playing video? | Closed Captioning Feedback
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Learn Moreabout PBS online sponsorship>> SO I SAID, LIN MANUEL, I CAN'T JUST LEAVE TO GO ANTIQUING WITH YOU.
I MEAN, SOME OF US HAVE TO WORK, YOU KNOW?
BUT YOU KNOW LINNY, HE NEVER TAKES NO FOR AN ANSWER.
>> HEY.
>> OH, DEAN!
ANDY AND I WERE JUST CATCHING UP ON SOME OF MY WORK AND, OF COURSE, MY EMMYS.
>> SO INTERESTING.
>> YEAH.
HE IS RIVETTED.
YOU KNOW, WHEN YOU'RE AMIGOS WITH SOME OF THE BIGGEST NAMES IN THE BIZ, SOME PEOPLE JUST CAN'T GET ENOUGH.
>> YOU KNOW ANDY DOESN'T SPEAK.
[LAUGHTER] >> EXCUSE ME.
LISTEN, DEAN, I THINK ANDY'S KIND OF STAR STRUCK.
WE'VE BEEN TALKING FOR 15 MINUTES, HE'S BEEN SWEATING THE WHOLE TIME.
A-LISTERS TEND TO MAKE PEOPLE NERVOUS.
>> ACTUALLY, ANDY DOESN'T SPEAK.
HE'S A THERMAL MANNEQUIN.
>> YEAH, HE'S REALLY HOT.
>> WELL, ACTUALLY, HE USES MODELING TECHNOLOGY TO REPLICATE HUMAN PHYSIOLOGY ACTIVITIES SUCH AS BLOOD FLOW, SKIN TEMPERATURE, PERSPIRATION.
AND WE USE THAT TO ASSESS PPE FOR HUMAN PERFORMANCE.
>> PPE FOR HUMAN PERFORMANCE, RIGHT.
THAT EXPLAINS WHY HE'S BEEN SO QUIET.
[LAUGHTER] OF COURSE.
>> ACTUALLY, THIS IS RESEARCH THAT WE DO VERY TYPICAL AT FSU AND ACROSS THE ACC.
>> GOT IT, RIGHT.
OF COURSE.
YOU THE QUEEN, DEAN!
ANYWAY, WHERE WAS I?
OH, LIN MANUEL.
RIGHT, SO AS I WAS SAYING TO OPRAH, OR WAS IT TOM HANKS?
THEY'RE SO MUCH ALIKE.
>> LIVE FROM THE CAMPUS OF FLORIDA STATE UNIVERSITY, IT'S THE 2023 ACC INVENTURE PRIZE.
JOIN US AS THE ATLANTIC COAST CONFERENCE'S LEADING INNOVATORS COMPETE FOR $30,000 IN PRIZES AND PATENTS.
AND NOW, PLEASE WELCOME YOUR HOST FROM CBS SUNDAY MORNING AND NPR, EMMY WINNER AND SELF-PROCLAIMED SUPER NERD, FAITH SALIE.
>> THANK YOU.
[APPLAUSE] THANK YOU AND WELCOME TO THE 7TH ANNUAL ACC INVENTURE PRIZE BACK ONCE AGAIN ON THE CAMPUS OF FLORIDA STATE UNIVERSITY.
ABOUT A MONTH AGO, THE ACC HOSTED ITS ANNUAL CONFERENCE BASKETBALL TOURNAMENT.
THE INVENTURE PRIZE COMPETITION IS ALSO FULL OF TALENTED STUDENTS WHO COULD ALL BE THE NUMBER ONE DRAFT PICKS OF TECH COMPANIES.
AND SURPRISINGLY, THREE OF OUR COMPETITORS CAN DUNK.
OUR ESTEEMED PANEL OF JUDGES RECEIVED VIDEO PITCHES FROM EACH TEAM THEN GRILLED THEM IN 10-MINUTE VIRTUAL Q&A SESSIONS EARLIER THIS WEEK.
TONIGHT EACH TEAM WILL GET ONE MORE MINUTE WITH OUR JUDGES TO ANSWER ONE LAST QUESTION, OR AS MANY AS THEY CAN ANSWER IN THAT LAST MINUTE.
AT THE END OF OUR SHOW, OUR JUDGES WILL AWARD FIRST AND SECOND PLACE PRIZES OF $15,000 AND $10,000 RESPECTIVELY.
OF COURSE, ALL OF TONIGHT'S TEAMS ARE ALSO TRYING TO IMPRESS YOU, THE AUDIENCE, BECAUSE YOU GET TO VOTE FOR THE PEOPLE'S CHOICE AWARD AND SEND THE WINNER HOME WITH A $5,000 PRIZE.
TO VOTE FOR YOUR FAVORITE TEAM, JUST TEXT THEIR KEYWORD TO 415-965-7445.
ONLY ONE VOTE PER TEXTING DEVICE WILL COUNT, AND YOU MUST SPELL THOSE KEYWORDS CORRECTLY, SO WATCH OUT FOR THE AUTO CORRECT.
VOTING OPENED LATE LAST WEEK AND WILL REMAIN OPEN UNTIL THE JUDGES ARE READY TO ANNOUNCE THEIR DECISIONS APPROXIMATELY 50 MINUTES FROM NOW.
WELL, I HOPE YOU'RE READY FOR THE FUTURE, BECAUSE IT'S TIME TO INTRODUCE OUR FIRST SEMIFINALIST PRESENTED IN NO PARTICULAR ORDER.
THE TEAM FROM LAST YEAR'S WINNING SCHOOL, GEORGIA TECH, HAS THEIR FINGER ON THE PULSE OF THE OXIMETER INDUSTRY AND ARE HERE TO TELL US HOW THEY'LL REVOLUTIONIZE IT.
LET'S LEARN ABOUT TEAM PULSE OXI-MATES.
♪ ♪ >> IF YOU'VE EVER STEPPED FOOT IN A DOCTOR'S OFFICE OR A HOSPITAL OR SEEN A MEDICAL DRAMA, YOU'VE SEEN THE LITTLE THING THEY PUT ON EVERY SINGLE PERSON'S FINGER.
THAT LITTLE FINGER CLIP HAS THE IMPORTANT JOB OF MEASURING YOUR OXYGEN SATURATION PERCENTAGE WHICH MEANS WHAT PERCENT OF YOUR BLOOD IS CARRYING OXYGEN OR NOT.
THE MELANIN IN YOUR SKIN CAN INTERFERE WITH THE READING, POSSIBLY PREVENTING YOU FROM GETTING A LIFE SAVING TREATMENT.
MELANIN READS LIKE FULLY-SATURATED BLOOD, INFLATING THE READING AND FALSELY GIVING YOU A CLEAN BILL OF HEALTH.
MORE THAN 1 IN 7 PATIENTS OF COLOR EXPERIENCE THESE FALSE, DANGEROUSLY INFLATED READINGS.
THAT'S THREE TIMES AS MUCH AS PATIENTS WITH LIGHT SKIN, AND ANY PATIENT WITH AN INCORRECT READING HAS A RISK OF IN-HOSPITAL DEATH 70% HIGHER THAN PEOPLE WITH ACCURATE READINGS.
DURING COVID, PEOPLE WERE SENT HOME TO LET THEIR CONDITION DETERIORATE, LEADING TO HIGH RISK OF COMPLICATIONS, POOR LONG-TERM OUTCOMES AND EVENTUALLY DEATH.
PULSE OXI-MATES AIMS TO ADDRESS THIS DISPARITY.
OUR REDESIGNED OXIMETER READS THE OXYGEN FROM UNDER YOUR TONGUE.
READING HERE CORRECTS NOT ONLY FOR SKIN TONE, BUT FOR OTHER THINGS THAT CAUSE INCORRECT READINGS LIKE COLD HANDS, NAIL POLISH AND POOR CIRCULATION MAKING IT MORE ACCURATE FOR EVERYONE, NO MATTER THEIR SKIN TONE.
WE'VE BEEN TESTING OUR DEVICE IN CADAVERS AT GEORGIA TECH.
OUR DATA IS EXTREMELY PROMISING, AND WE ARE MOVING FORWARD WITH THE CALIBRATION OF OUR DEVICE FOR RELIABLE AND ACCURATE CALCULATIONS.
IF WE WERE TO WIN THE INVENTURE PRIZE, WE'D BE ABLE TO USE THE FUNDING TO FILE A FULL UTILITY PATENT AND BEGIN TESTING IN DIVERSE POPULATIONS.
THE SUCCESS OF THESE TRIALS WOULD ALLOW US TO SUBMIT FOR CLEARANCE WITH THE FDA, GO TO MARKET AND GET OUR DEVICE OUT TO HOSPITALS AND CLINICS EVERYWHERE TO IMPROVE PATIENT CARE OUTCOMES.
WE BELIEVE OUR PULSE OXIMETER CAN CORRECT AN ENGINEERING FAILURE.
INSURING ACCURATE MEASUREMENTS OF OXYGEN SATURATION IN ALL PEOPLE REGARDLESS OF SKIN TONE WILL ENABLE CLINICIANS TO MAKE PROPER CARE DECISIONS AND SAVE NUMEROUS LIVES.
>> WOW.
WHILE YOU WERE WATCHING, OUR JUDGES WERE SEATED, AND I'LL BE GIVING EACH A FORMAL INTRO SOON, BUT FIRST THEY'LL CHECK THE PULSE OF THE GEORGIA TECH TEAM.
SRI, DO YOU WANT TO BREAK THE ICE?
>> YES, PLEASE.
CAN YOU DESCRIBE YOUR PLAN FOR PRODUCT TRIALS AND VALIDATING CUSTOMER DEMAND.
>> YEAH, ABSOLUTELY.
SO AS SOON AS WE CAN FILE OUR PROVISIONAL PATENT, OUR FULL UTILITY PATENT, WE'RE GOING TO MOVE FORWARD WITH OUR CLINICAL TRIALS.
THE FDA RIGHT NOW ONLY DEMANDS THEY BE TESTED WITH AROUND 10 PATIENTS BUT ONLY 15% OF THOSE OR 2 PEOPLE WITH DARKER SKIN.
SO WE PLAN TO INVOLVE FAR MORE PEOPLE IN OUR TRIALS, AND WE'RE GOING TO INVOLVE MUCH MORE DIVERSE POPULATIONS.
>> YOU'VE GOT ABOUT 20 SECONDS.
>> CAN YOU TALK ABOUT THE CUSTOMER VALIDATION PLAN YOU HAVE?
HOW, FOR EXAMPLE, ARE YOU GOING TO MAKE SURE THIS DOESN'T INTERFERE WITH THE PATIENT EXPERIENCE?
>> ABSOLUTELY.
SO WE'VE ACTUALLY BEEN TESTING IT WITH OURSELVES.
IT'S NO MORE UNCOMFORTABLE THAN A SUBLINGUAL THERMOMETER.
IT'S SILICONE, SO IT'S RATHER SOFT AND PLIABLE -- >> AND NOW YOUR TIME HAS FLATLINED.
I'M SORRY, I HAVE TO CUT YOU OFF.
THANK YOU TO THE GEORGIA TECH TEAM FOR KICKING THINGS OFF, AND NEXT UP IS BOSTON COLLEGE COMPRISED OF THREE LADIES WHO HAVE AN EAGLE EYE FOR INNOVATION.
♪ ♪ >> HI, ACC INVENTURE.
THANK YOU SO MUCH FOR HAVING US, AND WE'RE HONORED TO REPRESENT BOSTON COLLEGE.
AN UNDERREPRESENTED CATEGORY OF HEALTH IS INDOOR AIR QUALITY, SPECIFICALLY MOLD.
NINE OUT OF TEN PEOPLE BREATHE UNHEALTHY AIR WHICH IS THE BIGGEST RISK FOR PREMATURE DEATH.
THIS IS WHY OUR COMPANY, VITALITY, IS WORKING ON CREATING AN AT-HOME MONITOR WHICH AUTOMATICALLY AND CONTINUOUSLY DETECTS MOLD SPORES IN THE ENVIRONMENT.
THE MAIN ISSUE IS THAT IT OFTEN GOES HIDDEN AND UNDETECTED UNTIL HOMEOWNERS SEE MOLD GROWING OR EXPERIENCE SYMPTOMS OF MOLD EXPOSURE.
IT CAN CAUSE OR WORSEN PRE-EXISTING HEALTH EFFECTS AS WELL AS TRIGGER ALLERGIC REACTIONS AND FEVER-LIKE SYMPTOMS.
THESE COSTS CONTINUE TO PILE UP WITH RELOCATION AND HEALTH CARE BILLS.
OUR PRODUCT, SPORE, IS A MOLD MONITOR THAT AUTOMATICALLY CONTINUOUSLY DETECTS MOLD IN THE ENVIRONMENT.
THE CONCEPT IS VERY SIMILAR TO A CARBON MONOXIDE DETECTOR, MAKING IT HIGHLY FEASIBLE TO DEVELOP AND MANUFACTURE.
WE DESIGNED SPORE TO BE A SUSTAINABLE, LIFELONG PRODUCT AIMED AT IMPROVING OUR PHYSICAL WELL-BEING THAT IMPROVES OUR HEALTH AS WELL.
ONE COMPONENT IS THE POT.
THE POT CONTAINS GEL-SENSING POCKETS THAT WILL OPEN MONTHLY TO ALLOW FOR A FRESH TEST.
THE COLOR CHANGE ALERTS HOMEOWNERS.
IT IT'S YELLOW AND RED, A SIREN WILL SOUND ALERTING HOMEOWNERS TO CALL A REMEDIATION TEAM.
CURRENTLY, WE AIM TO PRICE SPORE AROUND $159 DOLLARS.
BY FOCUSING ON THE DETECTION OF MOLD, WE HOPE TO ADDRESS THE SITUATION BEFORE IT ESCALATES, SAVING USERS TIME AND MONEY AND ULTIMATELY PRESERVING THEIR WELL-BEING.
THE TYPICAL RESPONSE WE GET IS, WAIT, THIS DOESN'T ALREADY EXIST?
NO.
THERE'S CURRENTLY NOTHING ON THE MARKET WHICH AUTOMATICALLY TESTS FOR MOLD.
RATHER, THEY USE LAB TESTS, AND WE AIM TO CUT OUT THE MIDDLEMAN.
OUR TARGET MARKET IS PRIMARILY HOMEOWNERS ALTHOUGH WE DO HOPE TO EXPAND TO HAVE SPORE IN EVERY PUBLIC PLACE SUCH AS HOSPITALS, CLINICS, SCHOOLS AND SO MUCH MORE.
HELP KEEP YOUR HOME MOLD-FREE WITH SPORE.
THANK YOU SO MUCH.
>> OKAY.
I DETECT THAT THE JUDGES HAVE MORE THEY WANT TO KNOW ABOUT SPORE.
JIM.
>> GREAT.
THANK YOU, FAITH.
AND GREAT JOB FOR THE TEAM.
THANKS FOR THE GREAT VIDEO.
WANTED TO SEE IF YOU COULD TELL US ABOUT THE PRODUCTION PLANS FOR YOUR KEY TECHNOLOGY ELEMENTS IN YOUR SPORE PRODUCT.
>> YEAH, THAT'S A GREAT QUESTION.
SO FIRST OFF, WE'RE STARTING OFF WITH OUR SCIENTIFIC TESTING.
WE'RE CURRENTLY PARTNERING WITH KANSAS STATE UNIVERSITY ON THAT FRONT, AND AFTER WE FINISH OUR THREE PHASES OF TESTING, WE'RE GOING TO MOVE INTO NVP AND PROTOTYPING AND FROM THERE MANUFACTURING.
>> WHO DO YOU THINK WILL BE YOUR KEY SUPPLIER TYPES?
[LAUGHTER] >> HONESTLY, SO FOR PROTOTYPING SOMEWHERE THAT WE FOUND A LOT OF HELP WITH IS ACTUALLY BOSTON COLLEGE.
THEIR SHILLER INSTITUTE DEALS WITH ENGINEERING, AND THEY SAID THEY'D BE ABLE TO HELP US OUT WITH CREATING OUR PRODUCT AND WORKING ON PROTOTYPING.
HONESTLY, BECAUSE WE'VE BEEN SO FOCUSED ON THIS LAB TESTING, WE HAVEN'T THOUGHT ENOUGH ABOUT THE MATERIALS THAT WE WOULD NEED -- >> AND THAT'S YOUR TIME.
THANK YOU, BOSTON COLLEGE.
I AM ALWAYS FASCINATED TO LEARN HOW OUR TEAMS FIND INSPIRATION FOR THEIR INNOVATIONS LIKE THE TEAM FROM NOTRE DAME WHOSE DRIVE TO MAKE A DIFFERENCE IN THE WORLD STARTED FIRST BY MAKING A DIFFERENCE IN HIS OWN HOME.
♪ >> HI.
MY NAME IS JOHN SEXTON, AND I'M THE FOUNDER AND CEO OF LIFEDRIVE, A START-UP PROVIDING ALTERNATIVE POWER WHEELCHAIR CONTROL SOLUTIONS TO INDIVIDUALS WHO CAN NO LONGER DRIVE THEIR CHAIRS WITH A JOYSTICK.
WHEN I WAS IN EIGHTH GRADE, MY FATHER WAS DIAGNOSED WITH ALS, A DISEASE THAT SLOWLY TAKES AWAY YOUR ABILITY TO MOVE, TALK AND BREATHE.
NOT ONLY WAS THE PHYSICAL PART OF THE DISEASE CHALLENGING, BUT WITH IT BROUGHT A LOSS OF INDEPENDENCE AND DECREASED QUALITY OF LIFE.
WHEN MY DAD LOST THE ABILITY TO CONTROL HIS CHAIR WITH A JOYSTICK, WE LOOKED TO OTHER SOLUTIONS TO SEE WHAT WOULD MEET HIS NEEDS, BUT EVERYTHING WE FOUND WAS EITHER PERMANENT, INVASIVE OR INCOMPLETE.
AND THAT'S WHEN WE INVENTED LIFEDRIVE, A PATENT-PENDING SYSTEM OF ALTERNATIVE DRIVE CONTROLS THAT ALLOW INDIVIDUALS TO FULLY CONTROL THEIR POWER WHEELCHAIRS REGARDLESS OF THEIR STATIC OR CHANGING NEEDS.
OUR FDA CLASS I WHEELCHAIR COMPONENT PROVIDES EYE, VOICE AND MOBILE JOYSTICK CONTROL SITUATIONS THAT ALLOW INDIVIDUALS TO DRIVE THEIR CHAIR, ADJUST THEIR SEATING POSITION AND CONTROL EVERY OTHER ASPECT OF THEIR WHEELCHAIR MOBILITY EXPERIENCE.
LIFEDRIVE'S MULTIPLE CONTROL OPTIONS MAKE IT STAND OUT FROM THE COMPETITION.
WHEN SOMEONE GETS ALTERNATIVE DRIVE CONTROLS, THE PROVIDER HAS TO MAKE SEPARATE RECOMMENDATIONS FOR NECK, LUNG AND EYE CONTROL SOLUTIONS.
IN COMPARISON, LIFEDRIVE PROVIDES MULTIPLE ADAPTABLE SOLUTIONS WITH ONE RECOMMENDATION, AND THERE ARE A LOT OF INDIVIDUALS WHO CAN BENEFIT FROM THAT ADAPTABILITY.
OUR TOTAL AVAILABLE MARKET CONSISTS OF 80,000 COMPLEX REHABBED WHEELCHAIRS SOLD ANNUALLY, AND WE ESTIMATE A QUARTER OF THOSE NEED ALTERNATIVE DRIVE CONTROLS.
USING REIMBURSEMENT METRICS FROM OUR COMPETITORS, WE ESTIMATE WE'LL GET $2400 IN REVENUE PER UNIT, AND WE'RE GOING TO TARGET THE ALS POPULATION.
OUR TEAM CONSISTS OF THE STUDENT ENGINEERING TEAM AS WELL AS A GROUP OF ADVISERS THAT HAVE ENTREPRENEURIAL KNOWLEDGE IN THE MEDICAL DEVICE FIELD.
THIS BALANCE OF TECHNICAL EXPERTISE AND MEDICAL DEVICE EXPERIENCE DRIVES US FORWARD.
IT PROVIDES PEOPLE THE ABILITY TO REGAIN FULL CONTROL OF THEIR POWER WHEELCHAIRS.
THIS SOLUTION HAS WORKED WONDERS FOR MY DAD AND MY FAMILY, AND IT WILL CHANGE OTHERS' LIVES TOO.
SO DRIVE YOUR LIFE WITH LIFEDRIVE.
>> JUDGES, WINNING THE INVENTURE WOULD GIVE MORE LIFE TO LIFEDRIVE.
WHAT ELSE DO YOU WANT TO KNOW ABOUT NOTRE DAME'S INVENTION?
>> WHAT A GREAT PRESENTATION.
I'D LOVE TO LEARN MORE ABOUT YOUR FULL FUNDING NEEDS AND YOUR TIMELINE TO BRING YOUR PRODUCT TO SERVICE.
>> YEAH.
SO OUR PRODUCT IS IN DEVELOPMENT STILL, BUT WE'RE GOING THROUGH OUR REGULATORY AND INSURANCE REIMBURSEMENT PATHWAYS RIGHT NOW, SO WE'RE LOOKING AT ABOUT TWO YEARS TO REALLY ACCOUNT FOR BREAKING INTO THE MARKET IN THE NON-CODED WAYS THROUGH INSURANCE, WORKING WITH NONPROFITS AND OTHER MEDICAL CENTERS, EVEN PEOPLE THAT ARE PAYING OUT OF POCKET, AS WELL AS ACCOUNTING FOR A YEAR TO DEVELOP OUR FULL REGULATORY STRATEGY.
>> GREAT SOLUTION.
WHAT ARE YOUR TOP THREE COST COMPONENTS?
>> SO TOP THREE COST COMPONENTS REALLY ARE ALL ASSOCIATED WITH TRAVEL TO DO INSTALLS, THE ACTUAL BOARD, THE ACTUAL HARDWARE THAT WE HAVE ITSELF AND THEN JUST SALARIES FOR PEOPLE THAT WOULD BE WORKING ON THIS.
SO IT'S NOT SUPER EXPENSIVE MINUS THE BOARD AND TRAVELING TO DO THE INSTALL.
IT'S A RELATIVELY SMALL BOARD.
SO IT'S NOT, IT'S NOT ANYTHING THAT -- >> AND THAT'S YOUR TIME.
THANK YOU SO MUCH, JOHN.
AS YOU PROBABLY GUESSED FROM THEIR RATHER ASTUTE QUESTIONS SO FAR, WE DID NOT JUST PICK THREE RANDOM PEOPLE OFF THE STREET TO BE OUR JUDGES.
SO LET'S PAUSE QUICKLY.
OUR FIRST JUDGE CURRENTLY SERVES AS VICE PRESIDENT OF GLOBAL BUSINESS DEVELOPMENT FOR RHIZOME NETWORK.
WE'RE PLEASED TO WELCOME BACK SRI DIVAKARUNI.
HI, SRI.
A FIRST-TIME JUDGE ON OUR PROGRAM, SHE'S A MANAGING DIRECTOR AT AE INDUSTRIAL WITH A PRIMARY FOCUS ON NEW BUSINESS DEVELOPMENT AND PORTFOLIO MANAGEMENT.
WE ARE EXCITED TO BE JOINED BY LAURENCE VIGEANT-LANGLOIS.
>> GREAT TO BE HERE.
>> AND OUR THIRD JUDGE RETURNING FOR HIS SECOND INVENTURE PRIZE RECENTLY SERVED IN THE U.S. DEPARTMENT OF ENERGY AS THE SENIOR ADVISER IN THE OFFICE OF TECHNOLOGY TRANSITIONS, JIM FRITZ.
HEY, JIM.
OUR JUDGES MET THIS YEAR'S TEAMS IN EXTENDED Q&A SESSIONS EARLIER THIS WEEK.
TONIGHT THEY GET TO ASK A FOLLOW-UP, AND THEY'LL CONTINUE DOING THAT RIGHT AFTER WE MEET ONE OF LAST YEAR'S SECOND PLACE SCHOOLS.
THAT'S RIGHT, WE HAD THE FIRST-EVER TIE FOR SECOND LAST YEAR.
IT'S TEAM FROM DUKE.
♪ ♪ >> HI, EVERYONE.
MY NAME IS MATTHEW, AND I'M THE CEO AND COFOUNDER OF THE EASY-TO-USE SOFTWARE TO MANAGE PERSONAL PROPERTY FOR -- [INAUDIBLE] I'M BUILDING THIS WITH MY TALENTED COWORKERS, JOSEPH AND JOHNNY.
THE STRONG BOND BETWEEN SIBLINGS WHO SHARE EXPERIENCES, MEMORIES AND -- A STRONG CONNECTOR IS THE RELATIONSHIP WITH THEIR PARENTS.
JOYFUL MEMORIES COME FROM HAPPY TIMES IN RELATIONSHIPS INCLUDING WEDDINGS, BIRTHDAY PARTIES, ANNIVERSARIES AND VACATIONS.
OFTENTIMES THESE MEMORIES ARE FOREVER MEMORIALIZED -- INCLUDING A VASE FROM A TRIP TO EUROPE, DAD'S OLD BASKETBALL JERSEY IN THE BASEMENT OR A BOOK FROM A CROSS-COUNTRY ROAD TRIP.
IT CAN ELICIT STRONG EMOTIONS.
COMMONLY, EMOTION OVERWHELMS SIBLINGS WHO FIGHT OVER THE CHERISHED PROPERTY.
WHAT SHOULD BE A POSITIVE TURNS INTO -- [INAUDIBLE] TO PROCESS INEFFICIENT FOR -- DETRIMENT TO FAMILIES.
THAT IS WHY WE CREATED SAVEOR.
IT'S AN EASY-TO-USE APPLICATION TO MANAGE FAMILIES' PERSONAL PROPERTY FOR ESTATE PLANNING.
WE ALLOW A USER TO TAKE PHOTOS, TELL THE ITEM'S STORY AND COLLABORATE WITH FAMILY TO DETERMINE THE RECIPIENT OF THE ITEM.
WE GIVE YOU A PDF THAT CAN TURN THOSE LAST WISHES INTO A BINDING MEMORANDUM.
OUR SECRET SAUCE IS THAT PEOPLE LOVE TO SHARE STORIES AND IT ALLOWS PEOPLE TO INTERACT AND COLLABORATE WHILE RECALLING CHERISHED MEMORIES.
WE BELIEVE WE CAN IMPACT 27 MILLION AMERICAN HOUSEHOLDS WITH THIS IDEA.
THERE ARE CURRENTLY 35 MILLION AMERICAN HOUSEHOLDS OVER AGE 65 AND 75% OF AMERICANS 65 PLUS HAVE A WILL.
HOW WILL WE REACH ALL THESE PEOPLE?
SAVEOR HAS A CLIENT INSTRUCTION PACKAGE.
WE'LL PROVIDE THE FIRM -- [INAUDIBLE] WHILE SELLING LIFETIME ACCESS FOR $100 PER USER.
WHY SAVEOR?
BECAUSE IN A FAMILY'S MOST CHALLENGING TIMES, WE'LL HELP KEEP THE FAMILY TOGETHER.
>> OKAY, I FINALLY KNOW WHAT TO GET MY FATHER FOR FATHER'S DAY, THIS IS GREAT.
ALL RIGHT, SAVEOR.
THE JUDGES WILL NOW ASK YOU A QUESTION AND THEN YOU CAN ESTATE YOUR ANSWER.
SRI?
>> YOUR GO-TO-MARKET STRATEGY, WHAT ARE YOUR PLANS TO RAPIDLY SCALE YOUR OFFERING AND PROTECT YOUR INTELLECTUAL PROPERTY FROM FAST FOLLOWERS?
>> I THINK THAT THE BEST WAY WE CAN SCALE IS THAT WE'LL HAVE A VIRAL COEFFICIENT OF GROWTH.
WHEN WE HAVE THE PRODUCT, ONE GRANDPARENT OR A COUPLE WILL GET THIS PRODUCT, AND THEN THEY'LL SHARE IT THROUGHOUT THEIR WHOLE FAMILY.
YOU HAVE IN-LAWS AND A COMPLEX WEB OF FAMILY MEMBERS, AND FROM THAT, THEY WILL TELL THEIR FRIENDS, AND WE'LL BE ABLE TO REACH OTHERS REALLY QUICKLY.
AND AS WE GET INTO DIFFERENT LAW FIRMS AS PEOPLE RECOMMEND THEM TO THEIR ATTORNEYS.
>> TALK TO US ABOUT HOW YOU VALIDATED YOUR NET RETENTION SO FAR?
>> OUR NET RETENTION?
>> YEAH.
>> SO FAR WE HAVEN'T REALLY MEASURED NET RETENTION.
THAT'S NOT SOMETHING THAT WE FOCUSED ON YET.
>> 20 SECONDS.
>> SO A QUESTION ON BRANDING.
OBVIOUSLY, YOU'RE GOING OUT TO LAW OFFICES.
DO TO YOU EXPECT THIS IS GOING TO GO OUT AS A SAVEOR-BRANDED PRODUCT OR BRANDED BY THE INDIVIDUAL LAW OFFICES?
>> WE'VE TALKED WITH LAW OFFICES ABOUT THAT, AND THEY'RE INTERESTED IN WHITE LABELING THIS PRODUCT WHICH WE CAN EASILY DO THROUGH A DIFFERENT CODE -- >> AND THAT'S YOUR TIME.
THANK YOU, DUKE.
WE NOW GO FROM A BLUE DEVIL TO A DEMON -- DEACON.
LET'S MEET THE TEAM FROM WAKE FOREST.
♪ ♪ >> HELLO, EVERYONE.
BEFORE WE BEGIN, WE WOULD LIKE TO THANK YOU FOR THIS OPPORTUNITY.
I REPRESENT THE WAKE FOREST TEAM HERE TO INTRODUCE TO YOU A NOVEL MEDICATION MANAGEMENT SYSTEM DESIGNED TO ALLEVIATE THE DAILY STRUGGLES OF EPILECTICS.
EPILEPSY'S A CONDITION IN WHICH SEIZURES OCCUR DUE TO CHANGES IN BRAIN ELECTRICAL ACTIVITY.
IT HAS NO CURE, AND IT'S REGULATED THROUGH ANTI-EPILEPTIC MEDICATION.
IMAGINE A 22-YEAR-OLD COLLEGE STUDENT WHO'S BEEN LIVING WITH EPILEPSY SINCE THEY WERE 12.
THEY FEEL SUBCONSCIOUS TAKING MEDICATION AND ARE IN CONSTANT FEAR OF A REOCCURRING SEIZURE.
DESPERATE TO FIND AN EFFECTIVE WAY TO MANAGE THEIR MEDICATION, THIS INDIVIDUAL IS ONE OF OUR TEAM MEMBERS AND A GOOD FRIEND OF MINE.
WE ARE HERE ON BEHALF OF OUR TEAM MEMBER, MY FAMILY FRIEND AND THE 3 MILLION AMERICANS AND 50 MILLION WORLDWIDE WHO STRUGGLE WITH EPILEPSY.
50% OF EPILEPTICS FAIL TO FOLLOW THEIR PRESCRIBED DRUG ROUTINES.
85% OF PATIENTS ARE EMBARRASSED TO TAKE MEDICATIONS IN PUBLIC.
IT CAN LEAD TO HOSPITALIZATIONS OR LIFE-THREATENING CONSEQUENCES.
CURRENTLY, THEY USE CUMBERSOME PILL ORGANIZERS AND EXPENSIVE BENCHTOP MODELS.
VALIDUS IS HERE TO CHANGE THAT.
IT'S A COMPREHENSIVE AND HASSLE-FREE SOLUTION THAT COMBINES AN AUTOMATED DISPENSER NAMED THE CUBE.
THIS DEVICE AUTOMATICALLY DISPENSES PILLS WHICH STORES UP TO THREE DAYS' WORTH OF PILLS AND ALERTS USERS VIA VIBRATION.
THE PUMP CONNECTS VIA BLUETOOTH TO A MOBILE APP THAT WILL TRACK PILL INTAKE WHILE NOTIFYING HEALTH CARE PROVIDERS IF DOSAGES ARE MISSED.
VALIDUS WILL BE INTRODUCED IN 2025 WITH OUR GOAL TO BE SCALING IT BY 2028 WITH A MARKET PENETRATION PROJECTION OF 6% WITHIN 5 YEARS OF RELEASE.
IT HAS IMMENSE VALUE TO REVOLUTIONIZE THE HEALTH CARE INDUSTRY.
THE TEAM HAS COMPLETED SEVERAL PROTOTYPES AND TESTING, THE TEAM PLANS TO FILE PROVISIONAL PATENTS AND CONDUCT CLINICAL TRIALS.
WE'VE COME UP WITH AN INNOVATIVE SOLUTION WHERE EPILEPTICS CAN TAKE CONTROL OF THEIR LIFE.
EMPOWER YOUR HEALTH WITH VALIDUS.
>> OKAY, JUDGES.
I'M KIND OF THE VALIDUS FOR QUESTIONS.
REMINDING YOU IT'S TIME TO GET STARTED SO, JIM, TAKE IT AWAY.
>> GREAT, THANKS.
AND A MIC DROP TO THE TEAM AS WELL.
LIKE TO ASK ABOUT THE CORE COMPONENTS OF YOUR PRODUCT.
YOU TALK ABOUT WHAT ARE THE CORE ELEMENTS AND WHAT ARE THE KEY CHALLENGES AND HOW DO YOU EXPECT THEY WILL BE PRODUCED, ULTIMATELY?
>> OF COURSE.
THAT'S AN INCREDIBLE QUESTION AND THANK YOU FOR THAT.
OUR MAIN ELEMENTS RIGHT NOW ARE THAT THERE'S A LACK OF CO-ADHERENCE AMONGST EPILEPSY PATIENTS AND WORLDWIDE, AND THERE'S ALSO A VERY HIGH EMBARRASSMENT BEYOND JUST NOT JUST EPILEPSY PATIENTS, BUT PEOPLE ACROSS THE BOARD.
SO THAT'S SOMETHING THAT WE'RE GOING TO BE ABLE TO COMBAT WITH OUR NOVEL PRODUCT BECAUSE WE'RE HAVING A DISCREET AND PORTABLE DEVICE SO PEOPLE CAN USE THAT NOT JUST ON A DAY-TO-DAY BASIS, BUT SOMETHING THEY CAN USE EVERY DAY FOR THE REST OF THEIR LIVES.
[LAUGHTER] >> HAVE YOU TESTED YOUR PRODUCT WITH CUSTOMERS SO FAR, PATIENTS?
AND WHAT IS THE FEEDBACK?
>> GREAT QUESTION, ACTUALLY.
WE HAVE HAD SOME STAKEHOLDER INTERVIEWS, AND WE'VE DONE THE COMPARISON WITH CURRENT BENCHMARKS AS CONVENTIONAL PILL ORGANIZERS.
WE'VE DONE THINGS LIKE DROP TESTS, ANYTHING THAT -- >> THAT'S YOUR TIME.
OH MY, YOU KNOW, IT'S SUCH A CLIFFHANGER.
I'M SORRY.
WAKE FOREST HAS PROVIDED US WITH SOME VALID ANSWERS.
NOW LET'S GET A VIEW OF TEAM AUDISEE FROM THE UNIVERSITY OF MIAMI.
♪ >> OH, DIDN'T SEE YOU THERE, BUT I HEARD YOU.
MY NAME IS MAC, AND I'M THE CEO AND COFOUNDER OF AUDISEE, A DYNAMIC DEVICE FOR BLIND NAVIGATION.
BLINDNESS SHOULDN'T STOP YOU FROM ENJOYING YOUR LIFE, YET BLIND PEOPLE SUFFER EXTREME LOSS OF FREEDOM DUE TO OUTDATED DEVICES SUCH AS THE WHITE CANE, GUIDE DOGS AND CARETAKERS.
UNTIL NOW.
AUDISEE USES LiDAR TO SENSE THE USER'S SURROUNDINGS AND TRANSLATES THEM INTO AUDIO CUES THAT FORM A MENTAL MATH IN THEIR HEAD ALLOWING THEM TO NAVIGATE THEIR ENVIRONMENT CONFIDENTLY ON THEIR OWN.
IT'S SAFER, HANDS-FREE, DISCREET AND EASY TO LEARN, ALLOWING FOR UNMATCHED INDEPENDENCE.
THERE ARE CURRENTLY 48 MILLION BLIND PEOPLE IN THE WORLD MEANING THEIR VISION IS WORSE HAND 20-200, AND 295 MILLION ARE SEVERELY VISION-IMPAIRED.
THE TOTAL ADDRESSABLE MARKET IS $2 TRILLION WITH A SERVICEABLE ADDRESSABLE MARKET OF $700 BILLION, 10% OF WHICH YIELDS A CONSERVATIVE ESTIMATE OF $70 BILLION.
WE'VE ALREADY FILED A PROVISIONAL PATENT AND CONCLUDED OUR INITIAL TESTING AS WELL AS GETTING TRACTION BY WINNING MULTIPLE COMPETITIONS.
OUR PRODUCT WILL INITIALLY BE SOLD THROUGH A PRIVATE WEB SITE, AND WE WILL ACCESS OUR TARGET MARKET BY PARTNERING WITH INSTITUTIONS LIKE BASKIN PALMER, PART OF MIAMI'S -- [INAUDIBLE] AFTER THE INITIAL LAUNCH, WE WILL BEGIN THE PROCESS OF FDA APPROVAL WHICH WILL BE VERY QUICK AS WE WILL BE FILING AS A CLASS I MEDICAL DEVICE, ALLOWING FOR MEDICAID REIMBURSEMENT.
AND AGAIN, WE CAN LAUNCH OUR PRODUCT BEFORE THIS, THIS IS JUST TO MAKE IT MORE ACCESSIBLE.
WE'LL EVENTUALLY INTEGRATE TO POSTOP LENDING LIKE HOW YOU BORROW CRUTCHES AFTER FOOT SURGERY.
WE'RE A TEAM OF SENIOR BIOMEDICAL ENGINEERS WITH A PASSION FOR IMPROVING LIVES.
WITH OUR NETWORK OF ADVISERS AND MENTORS, WE'RE IN A VERY UNIQUE POSITION TO REALLY MAKE A DIFFERENCE IN PEOPLE'S LIVES.
THANK YOU AND WE CAN'T WAIT TO EMBARK ON THIS AUDISEE WITH YOU.
>> JUDGES, YOU HAD TIME TO HEAR FROM AUDISEE EARLIER THIS WEEK, BUT YOU HAVE ONE MORE CHANCE TO LEARN ABOUT THEIR INNOVATION.
>> AUTONOMY, TECHNOLOGY FOR THE VISUALLY IMPAIRED.
I'D LOVE TO HEAR HOW YOU PLAN TO WORK WITH THE REGULATORS FOR THEM TO APPROVE AND DETERMINE YOUR TECHNOLOGY IS READY FOR MARKET.
>> YES, THANK YOU.
THAT'S A GREAT QUESTION.
SO THE REALLY AWESOME THING ABOUT OUR DEVICE IS THAT WE DON'T ACTUALLY NEED FDA APPROVAL IN ORDER TO BEGIN SELLING IT.
IT CAN ACTUALLY BE RELEASED ON ITS OWN WITHOUT THAT, BUT WE PLAN TO PURSUE FDA APPROVAL AS EITHER A CLASS I MEDICAL DEVICE OR HEARING AID EQUIVALENT WHICH WOULD BE A PRETTY EXPEDITED PROCESS COMPARED TO OTHER DEVICES.
>> JUST DIVING DEEPER, HOW ARE THEY GOING TO JUDGE THAT YOUR PRODUCT IS READY?
HOW WILL THE REGULATORS, YOU KNOW, ASSESS IT, DO YOU THINK?
>> RIGHT.
SO WE'VE BEEN DOING A LOT WITH WORKING WITH OUR TARGET POPULATION AND REALLY MAKING SURE THAT, FIRST OF ALL, IT'S A HUMAN-CENTERED DESIGN AND, TWO, THAT IT'S A WORKING SOMETHING THAT'S USEFUL TO THE PEOPLE.
SO THROUGH OUR, LIKE, SURVEYS AND PRODUCT EVALUATION, WE'VE REALLY BEEN WORKING -- >> THAT'S YOUR TIME.
THANK YOU SO MUCH.
JUST LIKE AUDISEE, ALL OF TONIGHT'S TEAMS HAVE BEEN ON A LONG JOURNEY TO BECOME SEMIFINALISTS.
WHAT WAS THAT JOURNEY LIKE?
YOU'RE IN LUCK BECAUSE WE DOCUMENTED THEIR COLLECTIVE ODYSSEYS IN A PIECE WE CALL THE ROAD TO THE ACC INVENTURE PRIZE.
♪ ♪ >> THE ROAD TO THE 2023 ACC INVENTURE PRIZE WAS A BIT SMOOTHER THAN PREVIOUS YEARS, PAVING A PATH TO FLORIDA STATE UNIVERSITY AND FOLLOWING A FORMAT THAT WAS BORN LARGELY OUT OF THE LESSONS LEARNED DURING THE PANDEMIC.
TEAMS WERE CHOSEN BY THEIR UNIVERSITIES SIX WEEKS PRIOR TO BROADCAST, AND STUDENTS GOT RIGHT TO WORK ON THEIR PITCH VIDEOS.
>> NINE OUT OF TEN BREATHE UNHEALTHY AIR WHICH IS THE BIGGEST RISK FOR PREMATURE DEATH.
>> THIS IS A PERFECT EXAMPLE OF THE CONTINUITY GAP PATIENTS EXPERIENCE IN HOSPITAL DISCHARGES.
>> WE PROVIDE EDUCATIONAL PROGRAMS IN EARLY S.T.E.M.
EDUCATION.
>> FALSELY GIVING YOU A CLEAN BILL OF HEALTH NO MATTER HOW SICK YOU MAY BE.
>> THESE VIDEOS WERE ONCE AGAIN POSTED TO THE WEB SITE FOR PEOPLE'S CHOICE VOTING.
WHILE THE STUDENTS WENT THROUGH PERHAPS THE MOST CHALLENGING PART OF THE COMPETITION, EXTENDED Q&A SESSIONS WITH THE JUDGES.
>> SPEAK A LITTLE BIT ABOUT THE COST VERSUS PRICE OF THIS DEVICE.
>> I'M CURIOUS WHAT KIND OF USER FEEDBACK -- >> WHO HAS TRIED YOUR SOLUTION SO FAR?
>> HAVE YOU ACTUALLY CONSIDERED SPEAKING TO THE INSURANCE COMPANIES THEMSELVES?
>> ARE YOU PLANNING TO GO THIS ALONE OR PARTNER WITH THIRD PARTIES?
>> A QUESTION ON YOUR ADVISORY BOARD -- >> BUT THE JUDGES HAVE SAVED THEIR TOUGHEST QUESTIONS FOR LAST TO BE ANSWERED ON TONIGHT'S LIVE BROADCAST WHERE THEY WILL DETERMINE ONCE AND FOR ALL WHO WILL WIN THIS YEAR'S ACC INVENTURE PRIZE.
>> SEEING THE AMAZING ACCOMPLISHMENTS OF THESE YOUNG ENTREPRENEURS ALMOST TAKES YOUR BREATH AWAY.
LUCKILY, THE TEAM FROM FLORIDA STATE IS HERE TO GIVE US AN EXTRA BREATH.
♪ ♪ >> EACH YEAR 200,000 AMERICANS HAVE THEIR LIVES DRASTICALLY CHANGE BY ACUTE RESPIRATORY DISTRESS SYNDROME.
IT'S MORE COMMONLY KNOWN AS ARDS, CAUSED BY SEVERE LUNG INJURIES SUCH AS SEPSIS OR COVID-19.
IT IS A DEADLY CONDITION IN WHICH THE AIR SACS OF THE LUNGS ARE DAMAGED.
THIS PREVENTS OXYGEN FROM REACHING THE BLOOD.
OUR GOAL IS TO GIVE THEM AN EXTRA BREATH.
HELLO, I'M MICHAEL, COFOUNDER AND CHIEF DESIGN ENGINEER FOR EXTRABREATH.
EXTRABREATH IS A REVOLUTIONARY DEVICE THAT REPLACES ANTIQUATED PRACTICES BY ALLOWING PATIENTS TO BREATHE NORMALLY DURING THE TREATMENT.
PREVIOUS TREATMENT REQUIRED MEDICAL SEDATION WHICH HAS BEEN SHOWN TO DECREASE PATIENT SURVIVAL RATES.
UNTIL NOW THERE HAS NOT BEEN AN EFFECTIVE TREATMENT FOR ARDS.
EXTRABREATH AIMS TO USE OUR PROPRIETARY MECHANISM BY -- TO A STANDARD HOSPITAL VENTILATOR.
THIS ALLOWS THE PATIENT TO BREATHE DURING TREATMENT WHILE OUR DEVICE PULSES TO KEEP THE LUNGS INFLATED.
WE ARE TEAMED UP WITH EXPERTS FROM THE MAYO CLINIC NECESSARY TO SUPPORT THE PROJECT -- >> I'M DR. MICHELLE FREEMAN, PULMONARY AND CRITICAL CARE PHYSICIAN AT MAYO CLINIC.
ARDS CAUSES ENORMOUS DAMAGE TO PATIENTS AND THEIR FAMILIES.
EXTRABREATH HAS THE POTENTIAL TO TRANSFORM THE FIELD, PROVIDING HOPE TO PATIENTS AND THEIR FAMILIES.
THIS LIFE SAVING DEVICE IS THE FUTURE OF INTENSIVE CARE, AND I'M PROUD TO BE A PART OF IT.
>> WITH THE RIGHT SUPPORT, WE EXPECT TO REACH PATIENTS AT SCALE BY 2028.
WE CURRENTLY HAVE A FUNCTIONAL PROTOTYPE AND PLAN TO START PRE-CLINICAL TRIALS BY NEXT YEAR FOLLOWED BY CLINICAL TRIALS THE YEAR AFTER.
WE WILL POSITION TO GO TO MARKET HELPING THOSE 200,000 INDIVIDUALS WHO GET ARDS EACH YEAR.
OUR TEAM OF FIVE MECHANICAL ENGINEERS HAS BEEN HAND-PICKED FOR -- IN THE FIELD.
WITH YOUR SUPPORT, EXTRABREATH WILL SAVE LIVES.
IT WILL ALLOW CRITICAL CARE SPECIALISTS TO CONFIDENTLY TREAT THE 200,000 ARDS PATIENTS THEY GET EVERY YEAR.
MOST IMPORTANTLY, IT'LL GIVE FAMILIES THE CONFIDENCE TO KNOW THEY'LL BE REUNITED WITH THEIR LOVED ONES IN NO TIME.
>> ALL RIGHT, JUDGES.
YOU NOW GET ONE EXTRA MINUTE WITH EXTRABREATH.
SRI.
>> GREAT INNOVATION, TEAM.
WHAT PERCENTAGE OF YOUR OVERALL COST DISPOSABLE COMPONENT, AND WHAT'S THE ASSOCIATED REVENUE STREAM FROM THAT?
>> YES.
SO WE ACTUALLY HAVE SOME SPECIFIC NUMBERS FOR THAT.
THE DISPOSABLE COMPONENT THAT ACTUALLY GOES IN THE VENTILATOR IS $217 WHEREAS THE POWER BOX THAT WILL BE THERE PERMANENTLY IS $254.
SO IT'S A TOTAL MANUFACTURING COST OF $470.
THIS WITH FACTORING IN OUR MANUFACTURING COSTS OF $200 PLUS A TOTAL UNIT COST OF AROUND $1,000 FACTORING IN OVERHEAD AND 30% PROFIT MARGIN AS WELL.
AND SO WE ESTIMATE THAT IT WOULD BE ABOUT $300-400 TO PURCHASE THE DISPOSABLE COMPONENT AGAIN.
>> THANK YOU.
>> CONGRATS ON YOUR PARTNERSHIP WITH MAYO CLINIC.
I'D LOVE TO LEARN MORE ABOUT YOUR GO-TO-MARKET STRATEGY.
I KNOW IT'S A FEW YEARS OUT -- >> OH, MY GOSH, WE ALL WOULD LOVE TO KNOW MORE, BUT THAT IS YOUR TIME.
[LAUGHTER] THANK YOU.
WE GO NOW FROM AN INNOVATION THAT DEFENDS THE LUNGS TO ONE THAT EMPOWERS WOMEN WITH SELF-DEFENSE.
HERE'S THE TEAM FROM THE UNIVERSITY OF PITTSBURGH WITH UNDERDOG.
♪ ♪ >> HI, MY NAME IS KATE.
81% OF WOMEN IN COLLEGE WILL EXPERIENCE SEXUAL HARASSMENT, ASSAULT OR RAPE IN THEIR LIFETIME.
ALL THE SOLUTIONS THAT EXIST TO COMBAT THESE PROBLEMS CURRENTLY ARE REACTIVE MEANING THIS ALL STILL HAPPENS AND WOMEN STILL GO THROUGH ALL THIS TRAUMA.
FROM YEARS OF HEARING SHATTERING STORIES FROM FRIENDS OF LIFE-ALTERING AND DANGEROUS SITUATIONS AND GOING THROUGH SITUATIONS OF MY OWN, ENOUGH IS ENOUGH.
UNDERDOG IS THE SOLUTION TO KEEP WOMEN IN COLLEGE SAFE EVERY DAY AND EVERYWHERE.
UNDERDOG IS A NEW WAY TO LEARN HOLISTIC, LIFE SAVING AND PREVENTIVE SELF-DEFENSE IN A FUN WAY.
WE'RE A SUBSCRIPTION PACKAGE SERVICE FOR UNIVERSITIES AND GREEK LIFE ORGANIZATIONS.
WOMEN CAN LEARN HOW TO KEEP THEMSELVES SAFE FROM PHYSICAL DANGER AND EMOTIONAL ABUSE WITH SUPPORTIVE, IN-PERSON GROUP SETTINGS.
WHETHER IT'S LEARNING PROPER BODY LANGUAGE AND LEARNING HOW TO USE YOUR OWN BODY WEIGHT TO STOP AN ASSAULT OR UNDERSTANDING WHAT HEALTHY RELATIONSHIP BOUNDARIES LOOK LIKE FOR YOU, UNDERDOG TEACHES IT IN BITE-SIZED, MEMORABLE WAYS.
AND WOMEN ARE 80% LESS LIKELY TO EXPERIENCE ASSAULT OR ABUSE IN ANY FORM USING ONLY THEIR BODY AND THEIR MIND.
WE'VE INTERVIEWED STUDENTS TO MAKE SURE WE'RE TAILORING OUR RESOURCE TO EXACTLY WHAT WOMEN WANT AND NEED.
UNDERDOG ALSO HAS AN ONLINE PLATFORM AND COMMUNITY WITH ALWAYS-ACCESSIBLE COURSES AND IN-THE-MOMENT TOOLS SO YOU HAVE ANOTHER PROTECTION TACTIC IN YOUR POCKET AT ALL TIMES.
WE'VE HEARD THAT WOMEN NEED UNDERDOG ON THEIR CAMPUS.
OUR EDUCATIONAL CONTENT ON INSTAGRAM AND TIKTOK HAS SEEN AN ALMOST 400% INCREASE IN ENGAGEMENT RECENTLY.
THE DANGER THAT WOMEN FACE DAILY IS CRIPPLING AND LIFE CHANGING, BUT WE'RE CREATING AN OPPORTUNITY TO INVEST IN, PROTECT AND EMPOWER ALL WOMEN IN COLLEGE, AND WE WON'T STOP UNTIL EVERYONE HAS THE RESOURCES, SKILLS AND DEFENSE NECESSARY TO KEEP THEMSELVES SAFE DAY BY DAY EMOTIONALLY, PHYSICALLY AND PSYCHOLOGICALLY.
WITH PREVENTIVE SELF-DEFENSE, WE CAN ALL BE UNDERDOGS.
>> JUDGES, THEY CALL THEMSELVES UNDERDOG, BUT IT'S EASY TO SEE WHY THEY MADE IT THIS FAR IN THE COMPETITION.
WHAT ELSE WOULD YOU LIKE TO KNOW ABOUT THEM, JIM?
>> GREAT SOLUTION TO A REALLY CHALLENGING AND IMPORTANT PROBLEM.
WOULD REALLY LIKE TO UNDERSTAND WHAT YOU SEE AS THE BIGGEST CHALLENGES TO GROWING SIGNIFICANT SCALE, AND HOW DO YOU PLAN TO OVERCOME THOSE?
>> WE'VE PUT CONSIDERABLE THOUGHT INTO SCALING.
WE ACTUALLY JUST HAD TWO DIFFERENT OFFICES AND UNIVERSITIES REACH OUT ABOUT HAVING OUR PAID CLASSES ON THEIR CAMPUS IN AUGUST.
AND WE'RE WORKING ON PARTNERING WITH EVERY SELF-DEFENSE IN PITTSBURGH COUNSELING CENTER AND EVERY CITY WE GO TO AND EVERY CAMPUS TO MAKE SURE WE CAN SCALE AND WORK WITH RESOURCES THAT ALREADY EXIST.
AND WE'RE NOT ENCROACHING, WE'RE BEING THE BRIDGE BETWEEN THEM.
>> 20 SECONDS.
>> WHAT OTHER RISKS AND CHALLENGES DO YOU SEE FOR YOUR BUSINESS?
>> I SEE A LOT OF SOCIAL RISKS.
SOME OF THE PEOPLE WE'VE TALKED TO DON'T THINK THIS IS A PROBLEM THAT EXISTS, SO WE'VE DONE A LOT OF MARKETING.
OUR WHOLE MARKETING TEAM MAKES SURE EVERYONE UNDERSTANDS THAT EVERYONE CAN BENEFIT FROM THIS SOLUTION REGARDLESS OF WHAT GENDER AND THAT THIS IS A PROBLEM THAT IS REALLY PREVALENT IN SOCIETY TODAY.
>> AND THAT'S YOUR TIME, THANK YOU.
WE HAVE GOT FOUR MORE TEAMS TO GO, SO IF YOU'RE HANKERING FOR A SNACK, THIS NEXT TEAM MIGHT HAVE SOMETHING FOR YOU.
♪ ♪ >> HEY, I'M JOSEPH, AND I'M EXCITED TO TELL YOU ABOUT MOCHI DOG.
THEY'RE A JAPANESE HYBRID OF AMERICAN DOUGHNUTS WITH A MIX OF TAPIOCA STARCH AND RICE FLOUR.
THIS INHERENTLY MAKES THE DOUGHNUTS GLUTEN-FREE, AND THEY RESULT IN A CRISPY TEXTURE AND A FLUFFY INTERIOR.
THEY ARE TYPICALLY COATED IN AN ASSORTMENT OF ICE CREAM SUCH AS STRAWBERRY OR CHOCOLATE AND CAN BE DECORATED MANY OTHER WAYS.
OUR MENU ALSO INCLUDES OTHER ASIAN DESSERTS AND DRINKS.
IT'S MORE THAN A DOUGHNUT SHOP, IT IS A DESTINATION FOR PEOPLE OF ALL ETHNICITIES TO COME TOGETHER TO SOCIALIZE, CREATE A COMMUNITY AND SPREAD CULTURAL AWARENESS.
OUR MISSION IS TO OPEN CAFÉ-STYLE LOCATIONS ACROSS THE COUNTRY IN CITIES THAT ARE SUFFERING FROM A LACK OF ASIAN CULTURE AND DIVERSITY OF FOODS.
MOCHI DOG COULD BE A CULTURAL BEACON THAT PEOPLE COULD FORM A COMMUNITY AROUND.
THE DOUGHNUT INDUSTRY IN THE UNITED STATES HAD AN ESTIMATED REVENUE IN 2022 OF $8.7 BILLION AND BETWEEN 2017-2022 AN ANNUAL GROWTH OF 6.6%.
MORE SPECIFICALLY, VOLUMES OF DOUGHNUTS GREW 38% YEAR-OVER-YEAR.
MOCHI DOG HAS MADE A TOTAL OF $4,000 IN SALES.
WE HAD ITS FIRST POP-UP STAND AT A SCHOOL EVENT ON OCTOBER 17, 2022, AND SOLD OUT ALL THE PRODUCTS WITHIN TWO HOURS.
ON MARCH 15, 2023, WE OPENED OUR FIRST STOREFRONT AND BUSINESS, AND IT IS DOING WELL.
ON JANUARY 1ST, 2024, WE HAVE PLANS ON OPENING A SECOND STOREFRONT EITHER IN ANOTHER PART OF LOUISVILLE OR A NEIGHBORING CITY NEARBY.
IN JULY 2024 WE'LL BE ACCEPTING FRANCHISING APPLICATIONS.
SO HOW ABOUT IT?
HELP US SPREAD OUR SWEET TREATS AND GET SWEETER CONNECTIONS AROUND THE COUNTRY.
THANK YOU.
>> OKAY.
WHEN IT COMES TO DOUGHNUTS, MY QUESTION IS HOW MANY CAN I HAVE, BUT I'M GUESSING YOU HAVE OTHER QUESTIONS.
>> I'LL START WITH I'D LOVE TO HEAR YOUR THOUGHTS ON THE PROS AND CONS OF BASICALLY LICENSING VERSUS FRANCHISING.
>> SO IF YOU LICENSE, YOU ALLOW PEOPLE TO USE YOUR NAME FOR THEIR PRODUCTS, AND FRANCHISING IT'S MORE OF WHERE YOU'LL RETAIN SOME EQUITY IN THE BUSINESS SO THEY MAKE SURE THAT THEY OPERATE BASED ON YOUR GUIDELINES AND MAINTAIN YOUR PRODUCT IMAGE.
>> WHAT ARE SOME OF THE HEALTH RAMIFICATIONS OF YOUR SNACK?
>> IT'S HALF THE CALORIES OF A NORMAL DOUGHNUT, SO THAT'S ALREADY A BIG BONUS.
>> SO ALONG THOSE LINES, WE'VE TALKED ABOUT ETHNIC FOOD SOURCE, WE'VE TALKED ABOUT HEALTH.
WHAT DO YOU SEE AS KIND OF THE MAIN BRAND OF BENEFITS OF THE MOCHI DOG STORY?
>> SO REALLY WE'RE TRYING TO LEVERAGE MOCHI DOG TO CREATE A BUSINESS THAT CAN GENERATE CAPITAL AND LEVERAGE THAT TO BRING PEOPLE IN COMMUNITIES TOGETHER, BECAUSE IT'S VERY DIFFICULT TO BRING ETHNIC GROUPS TOGETHER.
AND WE WANT TO PROVIDE THE COMMON GROUND THAT ALL ETHNIC GROUPS COULD USE, WHICH IS THEIR LOVE FOR DESSERTS.
>> AND THAT IS YOUR TIME.
THANK YOU SO MUCH.
EVERYONE INVOLVED IN THIS PROGRAM HAS BEEN AWE-STRUCK BY ALL THE YOUNG, BRILLIANT INNOVATORS IN THIS COMPETITION AND ARE EXCITED FOR THEIR FUTURES JUST AS IN PRIOR YEARS.
TO SEE HOW A FEW OF THE TEAMS IN THOSE COMPETITIONS HAVE BLOSSOMED SINCE THEIR TIME ON OUR STAGE AS WELL AS THE IMPACT THE INVENTURE PRIZE HAD ON THEM, WE PUT TOGETHER SOMETHING WE CALL WHERE ARE THEY NOW.
♪ >> THE ACC INVENTURE PRIZE CAN HAVE LASTING IMPACTS ON PARTICIPANTS.
JUST ASK DEREK, ONE OF THE MEMBERS OF LAST YEAR'S WINNING TEAM GEORGIA TECH.
>> THE EXPERIENCE WE GAINED THROUGH THE ACC INVENTURE PRIZE WAS INVALUABLE.
INSTEAD OF SIMPLE CLASSROOM EXERCISES, WE GAINED REAL WORLD EXPERIENCE.
AND THIS HAS ALLOWED US TO DEVELOP UNIQUE SKILL SETS THAT WILL ACCELERATE OUR CONTRIBUTIONS TO BIOTECHNOLOGY EARLY IN OUR CAREERS.
>> IN 2018 KAYLA SIMON FROM SYRACUSE UNIVERSITY DEVELOPED A HOST OF SKILLS THAT CONTINUE TO SERVE HER WELL.
>> FOR ME, THE ACC INVENTURE PRIZE CHANGED MY PERSPECTIVE ON ENGINEERING AND HELPED ME FIND MY PASSION.
NOT ONLY DID I GAIN LEADERSHIP AND COMMUNICATION STILLS, IT GAVE ME CONFIDENCE.
>> AND ALLIE REICHERT, ONE OF THE FOUNDERS OF LAST YEAR'S SECOND PLACE TEAM FROM CLEMSON, SHARES A SIMILAR SENTIMENT.
>> THE ACC INVENTURE PRIZE OPENED DOORS FOR US.
IT GAVE US MOMENTUM AND EVALUATION.
IT INSPIRED US TO TAKE OUR CONCEPT FROM A PASSION PROJECT TO A MEDICAL DEVICE THAT I'M CONFIDENT WILL SOMEDAY SAVE LIVES.
>> AFTER THAT SHORT INTERVAL, WE NOW RETURN TO OUR TEAM PRESENTATIONS WITH SYRACUSE UNIVERSITY.
♪ ♪ >> HELLO, ACC, I'M IAN MICHELBURG FROM SYRACUSE UNIVERSITY.
IN 2019 I WAS ADMITTED TO THE E.R.
FOR COMPLICATIONS FROM A CHILDHOOD ILLNESS AND WAS DISCHARGED WITH PRESCRIPTIONS THAT I USED FOR TWO YEARS UNTIL A DOCTOR NOTICED ONE OF THE MEDICATIONS WAS ONLY FOR 30 DAYS AS IT CONTAINED ALUMINUM.
I SPENT THREE MONTHS GOING THROUGH KIDNEY SCREENINGS TO INSURE THAT I DIDN'T NEED A TRANSPLANT.
THIS IS A PERFECT EXAMPLE OF THE CONTINUITY GAP PATIENTS EXPERIENCE IN HOSPITAL DISCHARGES, AND NOWHERE IS THIS GAP CLEARER THAN PRESCRIPTION-DRIVEN READMISSIONS TO HOSPITALS WHICH AFFECTS OVER 3 MILLION PEOPLE EACH YEAR.
THESE COST HOSPITALS OVER $57 BILLION IN UNINSURED EXPENSES AND CLAIM THE LIVES OF OVER 450,000 PEOPLE.
DESPITE OVER 40% OF THESE READMISSIONS BEING PREVENTABLE.
THIS IS THE PROBLEM THAT INTERVEA WILL SOLVE.
HOW CAN WE IMPROVE THESE OUTCOMES?
BY LEVERAGING INNOVATIONS IN A.I.
AND CAREGIVERS, WE FACILITATE SAME-DAY PRESCRIPTION DELIVERY, ANSWER QUESTIONS ABOUT SIDE EFFECTS WITH 24/7 TEXT MESSAGING AND MONITORING ACTIVE PRIVILEGES ACROSS MULTIPLE PLATFORMS TO FIGHT POTENTIALLY DANGEROUS DRUG INTERACTIONS BEFORE THEY HAPPEN.
THROUGH CUSTOMER DISCOVERY WE KNOW PROVIDERS WANT THIS.
IT HELPS HEALTH CARE PROFESSIONALS FOCUS ON HIGH ENERGY TASKS, REDUCING BURNOUT AND IMPROVING THE PATIENT EXPERIENCE.
OUR ADVISERS, INCLUDING PHARMACISTS, A.I.
AND HIPAA EXPERTS, ARE INSURING WHAT WE BUILD IS SAFE, SECURE AND ALIGNED WITH THE NEEDS OF HOSPITALS AND PATIENTS.
OUR INITIAL FOCUS IS TEACHING AND STATE-FUNDED HOSPITALS WHICH EMBRACE INNOVATION AND EFFICIENCY.
THESE INSTITUTIONS REPRESENT A SERVICE-ADDRESSABLE MARKET OF $2.8 BILLION ANNUALLY AND TREAT OVER 18 MILLION PATIENTS.
OUR PLATFORM HAS A SCALABLE NATURAL LANGUAGE MODEL THAT WORKS.
WE HAVE FILED FOR IRB APPROVAL TO GET UP TO PILOT PROGRAM AT A LARGE TEACHING HOSPITAL AND ARE SCHEDULING DEMOS WITH OTHERS.
INTERVEA CAN TRANSFORM THE PATIENT EXPERIENCE BY USING A.I.
TO CLOSE CONTINUITY GAPS AND PROVIDE BETTER HEALTH OUTCOMES, MAKING PRESCRIPTION-DRIVEN ADMISSIONS A THING OF THE PAST.
>> ALL RIGHT, JUDGES.
IT'S TIME FOR YOUR INTERROGATION OF INTERVEA.
SRI.
>> GREAT PRESENTATION, AIDAN.
FOR THE 3 MILLION HOSPITAL READMISSIONS THAT YOU QUOTE, WHAT ARE THE TOP THREE ROOT CAUSES, AND HOW DOES YOUR SOLUTION ADDRESS THOSE?
>> THE TOP THREE ROOT CAUSES OF THOSE 3 MILLION PRESCRIPTION-DRIVEN READMISSIONS CAN LARGELY BE TRACED BACK TO, IN NO PARTICULAR ORDER, AFFORDABILITY OF THE MEDICATION FOR PATIENTS SUCH AS THE CO-PAY, PROPERLY USING THE PRESCRIPTIONS AND BEING ABLE TO ACCESS YOUR PHARMACY LOCALLY.
>> AND THEN HOW DOES YOUR PRODUCT SOLVE THOSE ROOT CAUSES?
>> SO WE SOLVE THE ROOT CAUSES GOING BACK IN THAT SAME ORDER AGAIN, MAKING SURE THAT THE CO-PAYS ARE COVERED BASED ON THEIR SUBSCRIPTION FEE, MAKING SURE WE HAVE ACCESS TO THEIR INFORMATION AND CONNECTING WITH PHARMACEUTICAL DATABASES SO THEY HAVE A REALLY STRONG, ROBUST SENSE OF WHAT THEY'RE USING THROUGH TEXT MESSAGING AND THEN MAKING SURE IT'S DELIVERED STRAIGHT TO THEIR DOOR WITHOUT HAVING TO SOURCE THEIR LOCAL PHARMACY.
>> AND THAT IS YOUR TIME.
THANK YOU, SYRACUSE.
SCIENCE, TECHNOLOGY, ROBOTICS, ENGINEERING, ART, MATH FOR GIRLS?
YES, PLEASE.
HERE IS PINK STREAM FROM UNC.
♪ ♪ >> I'M A SENIOR STUDYING COMPUTER SCIENCE AT UNC AND THE FOUNDER OF PINK STREAM, A NONPROFIT ORGANIZATION TO EDUCATE AND EMPOWER YOUNG WOMEN IN S.T.R.E.A.M.
WE PROVIDE EDUCATIONAL PROGRAMS PARTICULARLY FOR DISADVANTAGED AND MARGINALIZED WOMEN.
WOMEN MAKE UP 20% OF THE WORK FORCE IN S.T.E.M.
THE GENDER GAPS ARE ESPECIALLY HIGH IN SOME OF THE FASTEST GROWING JOBS OF THE FUTURE LIKE COMPUTER SCIENCE AND ENGINEERING.
IT'S THE LACK OF EARLY EXPOSURE.
WHILE BOYS ARE BORN WITH CARS AND ROBOTS, GIRLS ARE ENCOURAGED TO PLAY WITH KITCHEN AND MAKEUP TOYS IN THEIR CHILDHOOD.
THESE EXPERIENCES ENFORCE STEREOTYPES.
PINK STREAM CREATES EDUCATIONAL PROGRAMS THAT ARE CHANGING THE FUTURE IN ROBOTICS, CODING, VIRTUAL REALITY AND MORE.
OUR CLASSES ARE SPECIFICALLY DESIGNED FOR YOUNG WOMEN AND -- CHANGING THE PERSPECTIVE WITH WOMEN-ORIENTED CONTENT.
WE DELIVER OUR PROGRAMS IN PARTNERSHIPS WITH COMMUNITY CENTERS, SCHOOLS AND ORGANIZATIONS PINK STREAM FOCUSES ON EDUCATION WITH ITS UNIQUELY DESIGNED -- [INAUDIBLE] EXPERIENCED TEACHERS AND VOLUNTEERS AND HIGH QUALITY EDUCATIONAL MATERIALS.
OUR PARTNERS PROVIDE INFRASTRUCTURE FOR THE CLASSES AND INVITE YOUNG WOMEN FROM THEIR COMMUNITIES TO EXPLORE STREAM.
THIS BRINGS OUR EFFORTS TO THE LOCAL COMMUNITIES AND ALLOWS US TO KEEP THE COSTS DOWN.
SINCE 2018 THIS PROGRAM HAS IMPACTED 1200 STUDENTS THROUGH OUR PARTNERS.
WE'VE RECEIVED 13 AWARDS.
IN 2022 WE EXPANDED OUR WORK TO -- LEVEL BY HOSTING THREE PROGRAMS FOR REFUGEE GIRLS IN TURKEY.
SO WHAT'S NEXT?
[INAUDIBLE] MOTIVATED US TO CONTINUE OUR WORK WITH REFUGEE GIRLS.
HOWEVER, THE DEVASTATING EARTHQUAKES IN THE COUNTRY SHIFTED OUR ATTENTION TO A NEW PROJECT.
THIS SUMMER WE WILL TRAVEL TO THE -- TO TEACH PINK STREAM PROGRAMS.
IF PINK STREAM IS AWARDED THE ACC INVENTURE PRIZE, YOUR SUPPORT WILL EMPOWER YOUNG WOMEN TO BUILD THE FUTURE.
>> JUDGES, WHAT DO YOU HAVE FOR HER?
JIM?
>> GREAT, THANKS.
AND I LOVE THAT YOU'RE ADDRESSING THIS CHALLENGE.
IT'S A REALLY IMPORTANT PROBLEM AND GREAT JOB.
WOULD LIKE TO UNDERSTAND HOW KID, HOW DID YOU DETERMINE YOUR IMPACT METRICS, AND WHAT'S YOUR PLAN TO MEET THOSE?
>> YES.
SO OUR IMPACT IS CHILD-BY-CHILD-DRIVEN, OBVIOUSLY.
BUT IT'S BOTH BY SCALE AND THE IMPACT I SEE ON THE STUDENTS AS A TEACHER MYSELF.
SO QUALITY, I DON'T THINK -- THE NUMBERS DON'T ALWAYS MEAN SOMETHING, SO IT'S LIKE MORE OF THE QUALITY OF THE EDUCATION THEY RECEIVE.
OUR NUMBERS HAVE BEEN VERY -- WE HAVE IMPACTED 1200 STUDENTS AS MENTIONED BEFORE, BUT THE IMPACT I SAW ON STUDENTS, FOR EXAMPLE, A CHILD DIDN'T KNOW ENGLISH, CAME TO OUR PROGRAM OF 3-D PRINTING AND LEFT BEING MORE CONFIDENT ABOUT HERSELF, REFLECTING, EXPRESSING HERSELF WITH 3-D DESIGN AND THINKING THAT SHE WOULD BECOME A 3-D PRINTING AND DESIGNER IN THE FUTURE.
SO THAT'S -- >> THANK YOU.
AND A HAPPY ENDING.
THANK YOU, PINK STREAM.
LAST YEAR'S SECOND PLACE SCHOOL, CLEMSON UNIVERSITY, IS OUR FINAL EMERGING TECHNOLOGY WITH AN IMPROVEMENT IN EMERGENCY TRANSPORT.
LET'S CHECK OUT THE BETTER BOARD.
♪ ♪ >> HI, MY NAME IS MOLLY.
I'M FROM CLEMSON UNIVERSITY, AND I'M PROUD TO INTRODUCE YOU TO THE BETTER BOARD.
ANY EMS WORKER WILL TELL YOU THAT SPACE ON AN AMBULANCE IS VERY LIMITED.
THIS MEANS EMERGENCY EQUIPMENT LIKE BACKBOARDS ARE OFTEN MADE TO BE ONE SIZE FITS ALL, BUT PEOPLE AREN'T.
AS A RESULT, BACKBOARDS ARE USUALLY ONE SIZE FITS NONE.
16% OF THE POPULATION IS OVER 6 FEET TALL, AND 42% OF THE POPULATION IS OBESE.
THESE PATIENTS DO NOT FIT ON A STANDARD BACKBOARD AND CANNOT BE ADEQUATELY IMMOBILIZED FOR TRANSPORT TO THE HOSPITAL.
THIS PUTS THESE PATIENTS AT RISK FOR PERMANENT NEUROLOGICAL DAMAGE INCLUDING PARALYSIS, AND IT'S A BIG PART OF THE REASON WHY EVERY YEAR OF THE OVER 170,000 PATIENTS WITH SPINAL CORD INJURIES, ONLY 1% CAN EXPECT TO MAKE A FULL NEUROLOGICAL RECOVERY.
WE WANT TO INCREASE THESE ODDS, SO WE'VE DESIGNED THE BETTER BOARD.
OUR PRODUCT REPLACES THE CURRENT BOARD EMS USES WITH ONE THAT CAN SAFELY ACCOMMODATE ALL PATIENTS.
IT EXTENDS WITH PANELS ON THE BOTTOM AND SIDES WHICH SECURELY LOCK IN PLACE.
THIS ADDS UP TO 12 INCHES OF LENGTH AND 6 INCHES OF WIDTH.
THIS MAKES IT EASY FOR A SINGLE EMT TO FIT A PATIENT IN 10 SECONDS.
CROSS-BODY RESTRAINTS CAN BE EXPANDED WITH THE BOARD.
THIS COMFORTABLY ACCOMMODATES PATIENTS OF ALL SIZES.
WE ESTIMATE THERE'S A CURRENT DEMAND FOR OVER A QUARTER MILLION BACKBOARDS IN THE U.S.
IN 2018 THE AMBULANCE STRETCHERS MARKET WAS VALUED AT $634.2 MILLION WITH A COMPOUNDED ANNUAL GROWTH RATE OF 3.3%.
AS A CLASS I MEDICAL DEVICE, THE BETTER BOARD IS EXEMPT FROM MOST TIME-CONSUMING FDA REGULATIONS, AND IT IS COMPARABLE IN PRODUCTION COSTS TO TRADITIONAL BACKBOARDS.
BECAUSE OF THIS AND THE CLEAR BENEFITS OVER COMPETITORS, WE BELIEVE THE BETTER BOARD WILL BE ABLE TO QUICKLY CAPTURE A LARGE PORTION OF THIS MARKET.
ACCIDENTS CAN HAPPEN TO ANYONE, BUT WE BELIEVE EVERYONE DESERVES THE BEST POSSIBLE CARE.
WHEN IT COMES TO SPINAL CORD INJURIES, OUR SIZE-INCLUSIVE PRODUCT IS SAFER AND MORE EFFECTIVE THAN ANYTHING ELSE ON THE MARKET NOW.
NO MATTER YOUR SIZE, THE BETTER BOARD HAS YOUR BACK.
>> OKAY, JUDGES, IT'S YOUR TURN TO TAP INTO THESE SPINAL INJURY INNOVATORS.
>> SO WHAT A GREAT PROBLEM TO GO TACKLE HERE.
I'D LOVE TO LEARN MORE ABOUT HOW YOU DEFINE YOUR PRODUCT REQUIREMENTS CONSIDERING THAT YOUR BOARD IS HEAVIER AND APPEARS TO BE MORE COMPLEX THAN THE ALTERNATIVE.
>> YEAH.
SO WE HAVE SEVERAL PRODUCT REQUIREMENTS THAT CAME FROM SOME COLLABORATION WITH SOME EMS CONSULTANTS THAT WE WORKED WITH.
OUR FIRST IS THAT IT'S COMPLETELY STERILIZABLE WHICH IS ESSENTIAL FOR USE IN THE FIELD AND IN THE E.R.
AND OUR SECOND WAS THAT IT'S COMPARABLE TO THEIR CURRENT BACKBOARD IN THAT THEY CAN USE IT EASY WITHOUT ANY EXTRA TRAINING.
IT'S NOT A HUGE BURDEN FOR THEM TO USE.
THEY SPECIFICALLY MENTIONED THAT THEY WERE OKAY WITH THE EXTRA WEIGHT FOR THE EXTRA PRODUCTIVITY.
>> CAN YOUR PRODUCTS BE USED AS IS IN INTERNATIONAL MARKETS AS WELL?
>> THEY CAN, ABSOLUTELY.
WE HAVEN'T LOOKED INTO THE REGULATORY OF INTERNATIONAL MARKETS, BUT IT DEFINITELY WOULD BE TRANSLATABLE.
>> THANK YOU, BETTER BOARD.
WE HAVE SEEN AND HEARD PRESENTATIONS FROM ALL OF OUR COMPETITORS.
THE FATES OF THESE TEAMS ARE NOW IN THE HANDS OF THE JUDGES WHO WILL BID US ADIEU AS THEY HEAD OFF TO DELIBERATE.
BUT THEY WON'T BE THE ONLY ONES MAKING A DECISION.
OUR PEOPLE'S CHOICE VOTING IS STILL OPEN.
YOU HAVE PRECIOUS FEW MINUTES TO TO MAKE A DECISION BY TEXTING YOUR TEAM'S KEYWORD TO 451-965-7445.
THOSE KEYWORDS MUST BE SPELLED CORRECTLY OR THEY WON'T COUNT, AND NOTE THAT ONLY ONE VOTE PER DEVICE WILL BE REGISTERED NO MATTER WHAT AUTO-RESPONSE YOU MAY GET.
WHILE ALL OF YOU ARE BEING JUDGMENTAL, I THOUGHT THIS MIGHT BE A GOOD TIME TO CHANGE THINGS UP WITH A GREETING FROM OUR MOST HOSPITABLE HOST, FLORIDA STATE UNIVERSITY.
♪ ♪ >> GOOD EVENING.
I'M RICHARD McCULLOUGH, PRESIDENT OF FLORIDA STATE UNIVERSITY.
IT IS MY PLEASURE TO WELCOME YOU TO THE 2023 ACC INVENTURE PRIZE COMPETITION.
INNOVATION AND ENTREPRENEURSHIP ARE PRIORITIES OF UNIVERSITIES BECAUSE THE CHALLENGES OF OUR TIMES DEMAND CREATIVE PROBLEM SOLVERS.
ACROSS THE DISCIPLINES AND THROUGH INTERDISCIPLINARY COLLABORATION, OUR STUDENTS CONFRONT COMPLEX PROBLEMS, CHALLENGE OUTMODED BELIEFS AND DESIGN NEW SOLUTIONS BY APPLYING KNOWLEDGE, EFFORT AND EMPATHY.
THE ACC INVENTURE PRIZE WAS CREATED TO ACCELERATE INNOVATION IN OUR UNIVERSITIES BY INSPIRING OUR STUDENTS THROUGH FRIENDLY COMPETITION AND NETWORKING.
FSU IS PROUD TO SUPPORT THIS EFFORT AND TO HOST THE BEST OF THE BEST INNOVATORS AND ENTREPRENEURS OF THE ACC.
CONGRATULATIONS TO THIS YEAR'S CONTESTANTS.
THE JUDGES HAVE A DIFFICULT DECISION AHEAD OF THEM.
I WISH YOU ALL THE BEST OF LUCK IN THIS COMPETITION AND IN ADDRESSING THE GRANDER CHALLENGES THAT AWAIT YOU IN THE FUTURE.
♪ ♪ >> OKAY.
I'VE GOT STUDENTS ON STAGE, AN ENVELOPE IN MY HAND WHICH MEANS THE PEOPLE HAVE SPOKEN.
THANKS TO ALL OF YOU IN ATTENDANCE AND WATCHING AT HOME FOR PARTICIPATING IN THIS YEAR'S PEOPLE'S CHOICE AWARD.
THE WINNER OF THE CHECK FOR $5,000 IS FROM THE HOME TEAM, FLORIDA STATE UNIVERSITY, EXTRABREATH.
[CHEERS AND APPLAUSE] CONGRATULATIONS.
GOES TO YOU, CONGRATULATIONS.
ALL RIGHT.
BEFORE WE ANNOUNCE THIS YEAR'S FIRST AND SECOND PLACE TEAMS, LET'S GET A LITTLE INSIGHT INTO THE DECISION PROCESS OF THIS YEAR'S JUDGES.
♪ ♪ >> YOU KNOW, I THINK THERE'S A COUPLE STAKEHOLDERS HERE.
>> AND WHO'S ON YOUR TEAM, WHO'S ON YOUR ADVISORY BOARD?
>> CAN YOU SPEAK A LITTLE BIT TO COST?
♪ ♪ >> THE QUALITY OF THESE PRESENTATIONS WAS REALLY FANTASTIC.
>> DEFINITELY FULL OF PASSION.
I THINK IT'S VERY INNOVATIVE, BUT I STILL DON'T KNOW EXACTLY HOW IT OPERATES.
>> YOU TEND TO FORGET SOMETIMES THAT THESE ARE ACTUAL STUDENTS, MAYBE THE FIRST TIME THEY EVER DID -- >> I LOOK TO IS THERE A WIDE ECONOMIC MOAT.
IT'S NEVER A ZERO SUM GAME.
>> WHAT IMPRESSED ME THE MOST WAS ACTUALLY THE CALIBER OF THE TEAMS AND THE IDEAS PRESENTED.
I WAS CERTAINLY BLOWN AWAY.
>> IT'S NICE TO SEE MORE WOMEN COMING UP WITH LOTS OF TECHNICAL SOLUTIONS AS WELL.
>> IT WAS REALLY NICE TO SEE THIS BROAD CROSS-SECTION OF PEOPLE THAT ARE EXCITED ABOUT ENTREPRENEURSHIP AND BRINGING THEIR IDEAS FORWARD.
>> THERE IS NOTHING THAT SAYS EVERY ONE OF THEM CANNOT MAKE IT IN REAL LIFE.
>> YEAH, WHAT AN INTERESTING EXPERIENCE.
I THOUGHT IT WAS VERY INSPIRING.
>> REALLY EXCITING TO SEE THE STUDENTS FOCUSED ON HELPING TO PROVIDE A BETTER WORLD.
>> SMART KIDS OUT THERE.
[LAUGHTER] ♪ >> OKAY, THANK YOU, JUDGES, FOR SHARING THOSE INSIGHTS ON WHAT IMPACTED YOUR DECISIONS.
NOW LET'S GET TO THE RESULTS.
OKAY.
SECOND PLACE IN THE 2023 ACC INVENTURE PRIZE ALONG WITH $10,000 IN FUNDING IS, WAIT A MINUTE, THERE ARE TWO CARDS IN HERE AGAIN.
FOR THE SECOND YEAR IN A ROW, WE HAVE TWO SECOND PLACE WINNERS.
ONE IS DUKE UNIVERSITY WITH SAVEOR.
[CHEERS AND APPLAUSE] COME ON DOWN.
AND SYRACUSE UNIVERSITY WITH INTERVEA.
CONGRATULATIONS.
[CHEERS AND APPLAUSE] HERE, CAN YOU ALL PUT HANDS ON THIS?
LOOK AT HOW THEY SHARE.
ALL RIGHT, CONGRATULATIONS.
NOW, HEADING HOME WITH FIRST PLACE AND A CHECK FOR $15,000, THE WINNER OF THE 2023 ACC INVENTURE PRIZE IS FROM THE UNIVERSITY OF NOTRE DAME, LIFEDRIVE.
[CHEERS AND APPLAUSE] CONGRATULATIONS.
ALL RIGHT.
TELL US WHO YOU WANT TO THANK.
>> WANT TO THANK PATTY REINHART IN THE AUDIENCE RIGHT THERE FROM THE IDEA CERTAIN, JOHN HENRY FROM THE IDEA CENTER, DR. CARRIE MEYERS WHO'S ONE OF MY ADVISERS AT SCHOOL AND, OBVIOUSLY, MY PARENTS.
OUR AWESOME LIFE DRIVE TEAM AND EVEN THOUGH WE DIDN'T GET THE PEOPLE'S CHOICE VOTE -- >> CONGRATULATIONS.
THANK YOU SO MUCH FOR WATCHING THE ACC INVENTURE PRIZE CELEBRATING THE BEST IN COLLEGIATE INNOVATION.
PROPS TO ALL THE STUDENTS WHO SUBMITTED IN PREVIOUS ROUNDS AND ESPECIALLY TO OUR 12 SEMIFINALISTS AND THE EDUCATORS BEHIND THEM.
LET'S GIVE IT UP TO THE AMAZING PEOPLE AT FLORIDA STATE UNIVERSITY, ESPECIALLY KEN BALDOFF AND BRITAIN FOR HOSTING ANOTHER AWESOME SHOW.
WE WILL BE BACK NEXT YEAR.
UNTIL THEN, NEVER FORGET EVERY ACCOMPLISHMENT BEGINS WITH AN ACC.
GOOD NIGHT.
[CHEERS AND APPLAUSE] ♪ >> FUNDING FOR THIS PROGRAM WAS MADE POSSIBLE IN PART BY:
Support for PBS provided by:
WFSU Education is a local public television program presented by WFSU















