By Thomas Galassi
After three months of lectures and three rounds of business plan pitches we are proud to announce the winners and runners-up of the 2016 BBI Pitch Day competition as:
- iDu Optics – LabCam microscope adapter (First Place)
- Du Cheng – Tri-I MD/PhD Program, Inventor of technology
- Shaun Tao, Rockefeller University
- Yin-Yin Wang, Sales Representative, Stemcell Technologies
- Tania Silcott, Clinical Analyst, Code Blue Informatics
- OneThree Biotech – A better approach to drug target convolution (Runner-up)
- Neel Madhukar – Weill Cornell PhD Student, Inventor of Technology
- Robert Fieldhouse – Post Doctoral Fellow, Mount Sinai
- Suranjit Mukherjee – Weill Cornell PhD Student
- Rafal Wiewiora – Tri-I PhD Student
In what was without a doubt the strongest, most competitive BBI Pitch Day competition yet, these two teams stood above the rest and captured several coveted, and valuable, prizes. Each team presented a phenomenal seven minute business plan pitch and then aptly responded to the judges during the ensuing four minute question and answer session. For their performances on Pitch Day the teams were rewarded with several, extremely valuable prizes from some of BBI’s most gracious sponsors:
- WuXi AppTec generously provided a $1000 prize for the first place iDu Optics team. WuXi AppTec is a leading global pharmaceutical, biopharmaceutical, and medical device open-access capability and technology platform global operation that provides a broad an integrated portfolio of services throughout the R&D process.
- The Big Red Venture Fund and its fund manager Kiel Iwanek, provided a $500 prize for the second place OneThreeBiotech team. The Big Red Venture Fund is an early-stage venture capital fund operated entirely by a team of MBA students at Cornell University’s Johnson Graduate School of Management that typically invests up to $250,000 in U.S.-based high-growth companies across all industries.
- The Mid-Atlantic Bio Angels have presented iDu Optics with the opportunity to pitch at 1st Pitch Life Sciences, an event designed to encourage and educate aspiring life science entrepreneurs who know they may be too early to seek investment but want the opportunity to practice their pitch and to receive constructive criticism from experienced and knowledgeable professionals.
- inDinero is graciously offering $500 in accounting services to both iDu Optics and OneThreeBiotech. inDinero is a software with service accounting company that acts as an outsourced controller for its clients that aims to free up its clients to focus on the more strategic imperatives of their business.
Thanks to the generosity of our sponsors, this year’s Pitch Day contestants will be well prepared should they decide to move their business plans forward and attempt to turn their technologies into incorporated start-up companies.