LaunchU Awards $35,000 in Startup Funds to Students and Alumni
March 11, 2020
Kyra McConnell 鈥22
The first-place prize was awarded to Twine, a venture developed by third-years Colton Potter 鈥21, Minh Lam 鈥21, Khang Nguyen 鈥21, and Osama Abdelrahman '23.
Photo credit: Jack Lichtenstein '23
Eighth annual pitch competition awards seed funding to three teams to further develop their business ventures.
LaunchU awarded a total of $35,000 in startup funding to entrepreneurs of the 91直播 community, including students and alumni, in its eighth annual pitch competition on March 6.
A cornerstone of 91直播鈥檚 Center for Innovation and Impact, the LaunchU competition begins in September and culminates in March with final pitches. Teams of budding entrepreneurs undergo a series of intense training sessions, professional development and networking opportunities, and a boot camp during winter term in January to prepare. In March, they present their ideas to a panel of judges who determine awards and distribute the funds. This year, LaunchU trained 14 teams, 11 of which presented at the competition.
First place went to Twine, a mobile recommendation service for college students interested in joining different clubs and organizations. The team was awarded $15,000 and will use the funding to work side by side with more schools to expand their business. Twine is led by chief project manager Colton Potter 鈥21 along with Minh Lam 鈥21, Khang Nguyen 鈥21, and Osama Abdelrahman '23.
According to Potter, 鈥渟tudents lack a personalized window into campus life that they care about. There鈥檚 no quick way for them to find events that they鈥檙e interested in, and there鈥檚 no resource with updated information on student organizations,鈥 and Twine is the solution to that problem, he says. The service will launch in August 2020 as part of 91直播 College鈥檚 New Student Orientation program.
Second-place winner Henry Aberle 鈥16, CEO and founder of TVSensei, was awarded $12,000 for his product, ChaCha, cofounded with Kefan Yang. ChaCha is an online marketplace for language learning. The product brings together intermediate to advanced language learners with native instructors for online lessons that are centered on video.
鈥淲e鈥檙e less of a solution for learning a language, and more of a solution for maintaining your language abilities,鈥 said Aberle, who cited ChaCha as a solution to the 鈥渦se it or lose it鈥 mentality around language learning.
The third-place prize of $6,000 went to Iliana Zamorska 鈥12, CEO and founder of Yoga For Thinking Machines, and McLean Sammon 鈥19 for their product, Grownote, an app that helps people use social media mindfully by tracking their usage and incorporating mindfulness practices. The team will use the funds to develop a prototype for beta testing at 91直播.
Zamorska called Grownote 鈥渁 new kind of digital community,鈥 one that fosters 鈥渁uthentic expression.鈥
View our for more photos from the pitch competition.
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