Iowa State won a special Ripple Effect Award for $1,000 at TCU’s 2016 Values and Ventures Competition

Iowa State (2) (Large)

Left to Right: Clayton Mooney, Mikayla Sullivan, Ella Gehrke, Elise Kendall

InterWallet terminals are a bill payment/money transfer option without expensive banking fees, for lower-income people. The plan won first place and $25,000 out of undergrad teams from 47 universities.  

April 11,  2016

 

By Elaine Cole

 

College students from 47 universities came to TCU April 8-9, 2016, for the sixth annual Richards Barrentine Values and Ventures® Competition, to demonstrate their heads for business and their hearts from humanity. The undergraduate students pitched plans for products and services that benefit a specific population, community and/or the environment while making a profit.

The annual competition is presented by the Neeley Entrepreneurship Center. Cash prizes totaled $77,700. More than 80 business leaders served as judges and mentors, to provide a solid base of knowledge about the viability of startup businesses.

 

Iowa State (3) (Large)Loyola Marymount University won First Place and $25,000 for InterWallet, which provides a low-cost way for lower-income people to pay bills and transfer money through local terminals. 

“I feel that business isn’t about just making money; it’s about creating a product or service that really helps people,” Franky Bernstein, who represented LMU in the competition, said. “More than 70 million people in this country struggle with basic things like having a bank account and paying bills, and I want to fix that.”

 

George Washington University won second place and $15,000 for The Rooftop Tea Company, empowering women in underserved communities to transform their rooftops into economically lucrative tea gardens. GWU also won the $1,000 Ripple Effect Award for women helping women.Iowa State (Large)

 

“I think social entrepreneurship is the way to create innovative solutions for the future,” Cheyenne Tessier, who represented GWU, said. “I observed something happening in the developing world, where women didn’t have access to jobs to help with the family income. And in these communities, families really need more than one wage. So I knew it would be impactful to target these women that so many companies and NGOs are overlooking.”

 

Johns Hopkins University won third place and $10,000 for Separatec, a patent-pending ultrasonic tip that separates scar tissue in the spinal cord during surgery to reduce cerebrospinal fluid leaks and expedite recovery.

2016 TCU Richards Barrentine Values and Ventures® Winners

Grand Prize $25,000

Loyola Marymount University

InterWallet payment and money transfer service for low-income neighborhoods

Second Place $15,000

The George Washington University

The Rooftop Tea Company, empowering women entrepreneurs through rooftop tea gardens

Third Place $10,000

John Hopkins University

Separatec patent-pending ultrasonic tip for spinal cord surgery

Honorable Mention    $2,500

Rice University

Ziel, a sensor-sleeve that gives baseball pitchers real-time feedback to mitigate injury

Honorable Mention    $2,500

Grand Valley State University

UCOL, a breakthrough device for urinary incontinence

Honorable Mention    $2,500

Florida State University

DivvyUp fashion socks that donate a pair to homeless shelters for every pair sold

Honorable Mention    $2,500

University of Texas at Dallas

Blanco Farms Exotic Mushrooms locally grown in repurposed shipping containers

Honorable Mention    $2,500

San Diego State University

Genius, wearable sensors that allow people with severe physical disabilities to use computers via brainwaves

Honorable Mention    $2,500

University of Brawijawa (Indonesia)

Garbage Clinical Insurance collects waste from impoverished households at a low cost and uses the fees to cover health care

Founders Award $5,000

Ohio University

Vaylenx, an environmentally safe, affordable, easy-to-use larvicide to decrease mosquito populations to combat mosquito-borne diseases

Marjorie and James Sly Entrepreneurship Award        $2,500

United States Air Force Academy

Activity database and app that matches adventurers with trails, waterways and slopes, with option to rent/buy gear

Ripple Effect Award        $1,000

University of Brawijawa (Indonesia)

Garbage Clinical Insurance

Ripple Effect Award        $1,000

The George Washington State University

The Rooftop Tea Company

Ripple Effect Award        $1,000

Iowa State University

KinoSol is a solar food dehydrator that helps subsistence farmers reduce post-harvest loss

Elevator Pitch First Place  $1,000

University of Kansas

Carbon Financial next-generation automated investment service for new investors with limited knowledge and capital to share fees

Elevator Pitch Second Place  $500

Emory University

Sale Split cooperative buying for individuals to take advantage of bulk discounts

Elevator Pitch Third Place (tie) $250

University of Strathclyde (Scotland)

Befriend, an social meeting app designed to combat isolation for people over 65

Elevator Pitch Third Place (tie) $250

Iowa State University

KinoSol is a solar food dehydrator

Elevator Pitch Honorable Mention        $100

Brigham Young University

Curo mobile wallet platform for users in developing countries to send, receive and store money without high banking fees

Elevator Pitch Honorable Mention        $100

Ohio University

Vaylenx environmentally safe mosquito larvicide

Additional In-kind Awards

Grand Prize, Loyola Marymount University

  • $75,000 worth of marketing/advertising services from Warren Douglas
  • 4 hours of IT consulting services from Comport Consulting
  • 3 hours of legal consulting services from Winstead PC
  • 1.5 hours financial consulting services from B2B CFO
  • Opportunity for one year of accelerator space with TECH Wildcatters

Second Place, The George Washington University

  • 3 hours of marketing/branding consulting services from Ascend Concepts
  • 2 hours of IT consulting services from Comport Consulting
  • 2 hours of legal consulting services from Winstead PC
  • Opportunity for one year of accelerator space with TECH Wildcatters

Third Place Johns Hopkin University

  • 3 hours of marketing/branding consulting services from LComm Marketing & Public Relations
  • 2 hours of IT consulting services from Comport Consulting
  • 1 hour of legal consulting services from Winstead PC

Warren Douglas also gave an in-kind Innovation Award of $25,000 worth of marketing and advertising services to San Diego State University.

As judges deliberated, the students heard from Four Day Weekend improv comedy troupe on the power of “Yes, and” thinking in entrepreneurship. Four Day Weekend, the newest Entrepreneur-in-Residence at the TCU Neeley School of Business, was the featured speaker for TCU’s Bolin Innovation Forum.

 

For a complete list of 2016 participating universities, business plans, judges, mentors and sponsors, visit www.neeley.tcu.edu/vandv.

About TCU’s Richards Barrentinge Values And Ventures® Competitionwww.neeley.tcu.eduvandv

 

TCU’s Richards Barrentine Values and Ventures® Competition has awarded $310,450 in cash prizes to deserving students for the past six years. The unique business plan competition encourages undergraduate college students around the world to create for-profit ventures that have a significant values component. The competition was founded in 2010 with an endowment from Dallas business partners Nancy Tartaglino Richards and Lisa Barrentine of First Preston HT. It is presented annually by the Neeley Entrepreneurship Center (www.neeley.tcu.edu/nec) at the TCU Neeley School of Business (www.neeley.tcu.edu).

– See more at: http://www.neeley.tcu.edu/News_and_Events/Top_Stories/Articles/2016/VandV_Winners.aspx#sthash.HMcs6JNZ.dpuf

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