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Entrepreneurship Support
for STEM Innovators
Janine Elliott, Program Officer
jelliott@venturewell.org
Agenda
• Who?
• About VentureWell
• Why?
• Technology for Impact
• What?
• About the E-Team Program
• How?
• Requirements & Application Process
• Selection Criteria
• Appendix
• Proposal Components
• Top Reasons for Rejection
Who is VentureWell?
VentureWell supports early-stage, socially beneficial
science and technology innovators, their ventures,
and the innovation and entrepreneurship
ecosystems that are critical to their success.
2
Our Programs & Initiatives
Early Stage Innovator
Programs
I-Corps
E-Teams
Xcelerator
GIST
ASPIRE
BMEidea /
DEBUT
Faculty Initiatives
Programs
Faculty Grants
Pathways to
Innovation
OPEN
Lean
LaunchPad®
I&E Network Initiatives
National
Innovation
Network
BME-IDEA
Meeting
TTA Advisory
GIST Network
3
Our Funders and Partners
Faculty Initiative Programs
 We support faculty in developing programs that
cultivate & support student innovators and
promote institutional change through:
5
 Faculty Grants
 Pathways to
Innovation
 Open annual
conference
 Lean LaunchPad®
What we offer to
Early Stage STEM Innovators
 Direct work to support inventors in bringing
their ideas to market through:
– Workshops and training
– Coaching and mentoring
– Funding or awards
Agenda
• Who?
• About VentureWell
• Why?
• Technology for Impact
• What?
• About the E-Team Program
• How?
• Requirements & Application Process
• Selection Criteria
• Appendix
• Proposal Components
• Top Reasons for Rejection
Technology
Scale
People & Planet
Why: Capacity for Impact
Why: Impact Agriculture, Energy,
Health
E-Teams
Supporting student
inventors & entrepreneurs
What is an E-Team?
 An E-Team – or, Entrepreneur Team -
is a multidisciplinary group of
students and faculty working
together to bring a STEM-based
invention to market
11
E-Team Grant Program Webinar Presentation
E-Team Program Benefits
 Intensive and highly interactive
workshops led by experts in student
STEM venture development
 Entrepreneurial and venture coaching
 Grant funding of up to $25K in two
stages
 Opportunity to network and share
ideas with student entrepreneurs from
around the country
13
What is the result?
 $8.9 million in grants to over 665
student teams
 More than $570 million in follow-on
funding to launch new businesses
 Many are still in business today,
operating in over 50 countries and
reaching millions of people with
ground-breaking innovations.
14
Agenda
• Who?
• About VentureWell
• Why?
• Technology for Impact
• What?
• About the E-Team Program
• How?
• Requirements & Application Process
• Selection Criteria
• Appendix
• Proposal Components
• Top Reasons for Rejection
HOW TO APPLY
Brenna Breeding, Grants Administrator
16
E-Team Requirements
Each E-Team must have:
 At least 2 active students (undergraduate or
graduate)
– prefer a mix of technical and business expertise
– must be from a VentureWell Member institution
– students must be leading the development of the
venture
 A faculty advisor to act as Principal Investigator and
be responsible for the disbursement of grant funds
No maximum team size – most successful teams have
2-6 student team members with additional
faculty/industry advisors
17
Eligible Inventions & Innovations
 Science / Technology based
 Scalable and commercially promising
 Potential for significant positive
impact on society and/or the
environment
18
Examples of Eligible Inventions
 Biomedical devices, healthcare
solutions and/or technologies
 Clean energy, sustainable materials and
other clean technologies
 Technologies for low-resource settings
(US or international) that address
poverty alleviation and basic human
needs such as affordable energy, clean
water / sanitation, health and medical
devices, agriculture, etc.
19
Examples of Ineligible Projects
 Faculty-driven projects in which participating students
have no ownership of resulting company or decision-
making power
 Projects without a clearly articulated social and/or
environmental impact
 Pure research projects without any defined
commercial applications or potential
 Projects without any student involvement
 Projects without a clear technology invention or
innovation
20
Before applying…
 Confirm your university is a
VentureWell member; funding is
awarded to the university
 Create a VentureWell account online to
start your application OR have your
university’s Office of Sponsored or
Grants Programs do so on your team’s
behalf
 Know your university’s and
VentureWell’s Intellectual Property
policies
21
Membership: Check, Join, or
Renew
- Go to venturewell.org/membership
Check status here
Create an Account and Apply
 Go to venturewell.org/student-grants
23
Download & read
detailed guidelines
Click to create
account & apply
Proposal Selection Criteria
1. Technology innovation and feasibility
2. Business model and commercial
potential
3. Team composition, commitment,
expertise, and institutional support
4. Positive social and/or environmental
impact
5. Workplan feasibility
24
What happens after you submit
your proposal?
 Proposals are reviewed by panels of
VentureWell staff and external reviewers.
 Award notifications are sent ~60 days
after submission deadline
 Occasionally, a team may be invited to
resubmit their proposal for reconsideration
in a future cohort, after certain concerns
or questions are addressed.
 Competitive program: 15-25% acceptance
rate
25
If your team is accepted…
 Your team is part of the E-Team Stage 1
cohort and is awarded a $5,000 grant!
 All E-Team grantees are required to send
two participants to the three-day workshop
in the Boston area.
 The grant award is intended to cover:
– travel to attend the workshop
– minor expenses associated with furthering
your innovation.
 Note: Grant funds will be awarded to the
team’s college or university and distributed
by the PI to the team
26
What happens at the workshop?
 The Stage 1 workshop focuses on
market validation and discovery.
 Workshop exercises help teams learn
and be able to:
– Assess the value of their innovation
– Validate that the market they have
identified is indeed the right market for
their innovation
– Examine their competitive position within
that market(s)
 Network with innovators and mentors
from a national community
27
More Information
Next Cohort:
January 11-13, 2018
Applications Due: October 4, 2017
E-Teams Program
Janine Elliott, Program Officer
jelliott@venturewell.org
VentureWell Grants Office
Brenna Breeding, Grants Administrator
Membership and grant application questions: grants@venturewell.org
Appendix
VentureWell Intellectual Property
Policy
 Ownership of intellectual property
resulting from E-Team work should
belong to the students on the team
 VentureWell takes no financial or
ownership interest in the projects
funded by its E-Team grants
 Applicants advised to protect their
intellectual property before submitting
a proposal
 Students should understand their
university’s IP policies
30
Proposal Components
• Required
• Title page
• Proposal narrative (no more than 5 pages)
• Letter(s) of support (minimum of 1, maximum of 3)
• Team member resumes
• Optional
• Additional appendices
• Weblinks (websites, video links, articles, etc.)
Who is your audience?
1. VentureWell Program Officer
2. VentureWell Grants Manager
3. Panel of 4-5 external reviewers
made up of individuals from
academia, industry, nonprofits &
NGOs, and venture capital with
experience in the technology areas
and in the commercialization of
early stage innovations.
Proposal Narrative
Technology and value proposition (1-2 pages)
• What is your invention or technology innovation?
• Is it technically feasible? Have you demonstrated proof of the key
principle(s)?
• Is your technology proprietary &protectable?
• Have you done a prior art search, filed an invention disclosure, filed a provisional
patent? Who are the inventors and who owns the patent?
• Have you developed a physical prototype or proof of concept?
• If yes, document the development of your prototype with drawings, digital
documentation, or data demonstrating its effectiveness.
• If not, describe your plans for proof of concept
• What problem are you solving for what customers? In what way is
it better than other solutions on the market?
• What large-scale impact would successful adoption of your
innovation create (e.g., lives saved, amount of C02 reduction,
money saved. etc.)?
Proposal Narrative (cont’d)
Business model and market (1-2 pages)
• Describe the market and customers that you intend to reach, and
explain how you will engage them.
• Who are your target customers, and have you talked to any?
• How does what you are proposing compare with the competition?
• What is your commercialization plan?
• How will you approach the manufacturing, marketing, sales, distribution, and
support of your product or service?
• How do you intend to make this economically sustainable?
• Describe the costs to produce and support your product and your expected sales
price
• How do you intend to make this environmentally sustainable? – if
applicable
• What is the structure you envision for your venture?
Proposal Narrative (cont’d)
Team (half page)
• Who are the key team members and what roles will they play (1-2
• sentence on each)?
• Who will lead the technical and business model development?
• Do you have outside mentors, advisors, and/or partners?
• If your team is working on a technology for low-resource settings
in the US or abroad:
• Identify any partners (individuals, community leaders,
nonprofits or NGOs, etc.) outside of your institution who will
provide connections and access to the field and end-users
• Identify any partners who can help the team commercialize any
resulting technologies
• Explain how the team will address possible language, cultural,
and social barriers.
• Has the team traveled to the community in which you propose
to work?
Proposal Narrative (cont’d)
 Work plan and outcomes (1 page)
• Describe your plan for moving forward (from today to initial
sales)
• In a table format, list the 10 to 15 high-level steps with a
timeline that will get you from today to readiness for initial
sales
• What does success look like and how will you measure it?
Optional: Appendices and
Weblinks
• Up to 3 additional appendices may be included
• May include but not limited to:
• Images demonstrating design and/or technical feasibility
• drawings, photographs, etc.
• A summary of prior art
• Any data collected as part of testing your technology
• Any other relevant supporting materials
• Weblinks
• Links to online articles, videos and/or other relevant online data
• Videos not required, but can help your proposal stand out or
demonstrate how your technology works
Quality > Quantity
Letters of support
 Letters of support demonstrate to
reviewers that there is institutional
support for your project and/or to verify
partnerships discussed in your narrative.
 At least one letter is required as part of
your proposal. You may include up to
three total.
Do you have a polished resume?
 Resumes should be no more than
three pages each, and are only
required for key team members, with
a maximum of four resumes
included.
PROOFREAD YOUR PROPOSAL!
E-Team Grant Program Webinar Presentation
TOP REASONS FOR
REJECTION
42
1. No entrepreneurship (too research-focused,
no path to commercialization/project(s) begin
and end in the classroom)
2. No tech innovation (not convinced it’s new)
3. Too faculty-driven (too little student
involvement or ownership opportunity)
Top Reasons for Rejection
Top Reasons for Rejection
4. No clearly defined social impact
5. Lack of expertise on the team/no relevant
advisors and/or partners
6. Unclear proposal (“ask” isn’t compelling, no
budget justification, too much jargon, sloppy)
Top Reasons for Rejection
7. Not sustainable beyond the grant
7. Not scalable, one-off
8. No resulting E-Teams (for faculty grants)
9. No connection to existing resources on
campus (for faculty grants)
SUCCESSFUL ALUMNI
SEE VENTUREWELL.ORG FOR MORE EXAMPLES
46
47
FogKicker is a natural, green anti-fog solution. It
prevents the formation of fog on any surface,
including vehicle windshields, eyewear, mirrors,
windows, and display screens. Made from
Nanocellulose, a wood derived natural
nanomaterial, FogKicker is biodegradable,
biocompatible, and non-toxic.
VentureWell provided Stage 1 and 2 E-Team
training and grants to FogKicker totaling $25,000.
Company: FogKicker
Year Founded: 2016
Sector: Materials
Investment Status: Pre-seed
Product Status: Sales
Geographic Market: USA
E-Team Participation: E1, E2
Yinyong Li,
Co-Founder and CTO
YinYong Li is a PhD candidate at the
Department of Polymer Science and
Engineering at the University of
Massachusetts Amherst.
Li has said that FogKicker creates a film
on a surface that prevents
condensation from beading and
scattering light. Instead, it distributes
light evenly and the user is able to see
more clearly. According to Li, future
markets for the product include 254
million vehicle windshields, 181 million
pairs of glasses and 115 million
household mirrors.
InventorInventionCompany Snapshot
48
BioCellection is developing bacteria that can
break down ocean-bound plastic waste. Their
technology then upcycles unrecyclable waste into
valuable products for textiles.
They have a prototype for breaking down
polystyrene into CO2 and water, and see their
technology being used in two ways—first, for
landfill and beach cleanups, and, second, to
create a secondary product to be used in textile
manufacturing.
VentureWell provided Stage 1 and Stage 2 E-Team
training and grants to BioCellection totaling
$25,000.
Company: BioCellection
Year Founded: 2015
Sector: Environment, Life Science
Investment Status: Raised $300k
Product Status: Prototyping
Geographic Market: N. America,
China
E-Team Participation: E1, E2
Miranda Wang, CEO, and
Jeanny Yao, CTO - Co-Founders
Miranda Wang and Jeanny Yao first
worked on the problem of plastic waste
in high school. They have since filed two
patents, founded a company, and raised
about $400,000 from a variety of
sources. They recently graduated from
the University of Pennsylvania and the
University of Toronto respectively.
InventorsInventionCompany Snapshot
49
Kinnos prevents the transmission of
infectious diseases by eliminating human
error and empowering healthcare workers
and patients to protect themselves. Their
first product, Highlight, is a patent-
pending powdered additive for
disinfectants that greatly enhances
decontamination. By targeting both
surface decontamination during epidemics
and daily disinfection in hospitals,
laboratories, and government agencies,
Highlight can fundamentally improve the
practice of decontamination and prevent
the transmission of infectious diseases.
VentureWell provided Stage 1, 2 and 3 E-
Team training and grants to Kinnos
totaling $25,000.
Company: Kinnos
Year Founded: 2015
Sector: Healthcare Technology
Investment Status: Seeking
first round investment capital;
USAID funded
Product Status: Sales
Geographic Market: USA
E-Team Participation: E1, E2,
E3-ASPIRE
Jason Kang, Katherine Jin, Kevin
Tyan, Co-Founders
This trio is interested in improving
health care in low-resource
settings by addressing gaps. Their
goal with Kinnos is to improve
disinfection to protect healthcare
workers. They were inspired by
Columbia’s Ebola Design
Challenge in 2014, realizing there
was an opportunity to solve a
pressing need—health care
workers were being infected by
Ebola due to an ineffective
decontamination process.
InventorsInventionCompany Snapshot

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E-Team Grant Program Webinar Presentation

  • 1. Entrepreneurship Support for STEM Innovators Janine Elliott, Program Officer jelliott@venturewell.org
  • 2. Agenda • Who? • About VentureWell • Why? • Technology for Impact • What? • About the E-Team Program • How? • Requirements & Application Process • Selection Criteria • Appendix • Proposal Components • Top Reasons for Rejection
  • 3. Who is VentureWell? VentureWell supports early-stage, socially beneficial science and technology innovators, their ventures, and the innovation and entrepreneurship ecosystems that are critical to their success. 2
  • 4. Our Programs & Initiatives Early Stage Innovator Programs I-Corps E-Teams Xcelerator GIST ASPIRE BMEidea / DEBUT Faculty Initiatives Programs Faculty Grants Pathways to Innovation OPEN Lean LaunchPad® I&E Network Initiatives National Innovation Network BME-IDEA Meeting TTA Advisory GIST Network 3
  • 5. Our Funders and Partners
  • 6. Faculty Initiative Programs  We support faculty in developing programs that cultivate & support student innovators and promote institutional change through: 5  Faculty Grants  Pathways to Innovation  Open annual conference  Lean LaunchPad®
  • 7. What we offer to Early Stage STEM Innovators  Direct work to support inventors in bringing their ideas to market through: – Workshops and training – Coaching and mentoring – Funding or awards
  • 8. Agenda • Who? • About VentureWell • Why? • Technology for Impact • What? • About the E-Team Program • How? • Requirements & Application Process • Selection Criteria • Appendix • Proposal Components • Top Reasons for Rejection
  • 10. Why: Impact Agriculture, Energy, Health
  • 12. What is an E-Team?  An E-Team – or, Entrepreneur Team - is a multidisciplinary group of students and faculty working together to bring a STEM-based invention to market 11
  • 14. E-Team Program Benefits  Intensive and highly interactive workshops led by experts in student STEM venture development  Entrepreneurial and venture coaching  Grant funding of up to $25K in two stages  Opportunity to network and share ideas with student entrepreneurs from around the country 13
  • 15. What is the result?  $8.9 million in grants to over 665 student teams  More than $570 million in follow-on funding to launch new businesses  Many are still in business today, operating in over 50 countries and reaching millions of people with ground-breaking innovations. 14
  • 16. Agenda • Who? • About VentureWell • Why? • Technology for Impact • What? • About the E-Team Program • How? • Requirements & Application Process • Selection Criteria • Appendix • Proposal Components • Top Reasons for Rejection
  • 17. HOW TO APPLY Brenna Breeding, Grants Administrator 16
  • 18. E-Team Requirements Each E-Team must have:  At least 2 active students (undergraduate or graduate) – prefer a mix of technical and business expertise – must be from a VentureWell Member institution – students must be leading the development of the venture  A faculty advisor to act as Principal Investigator and be responsible for the disbursement of grant funds No maximum team size – most successful teams have 2-6 student team members with additional faculty/industry advisors 17
  • 19. Eligible Inventions & Innovations  Science / Technology based  Scalable and commercially promising  Potential for significant positive impact on society and/or the environment 18
  • 20. Examples of Eligible Inventions  Biomedical devices, healthcare solutions and/or technologies  Clean energy, sustainable materials and other clean technologies  Technologies for low-resource settings (US or international) that address poverty alleviation and basic human needs such as affordable energy, clean water / sanitation, health and medical devices, agriculture, etc. 19
  • 21. Examples of Ineligible Projects  Faculty-driven projects in which participating students have no ownership of resulting company or decision- making power  Projects without a clearly articulated social and/or environmental impact  Pure research projects without any defined commercial applications or potential  Projects without any student involvement  Projects without a clear technology invention or innovation 20
  • 22. Before applying…  Confirm your university is a VentureWell member; funding is awarded to the university  Create a VentureWell account online to start your application OR have your university’s Office of Sponsored or Grants Programs do so on your team’s behalf  Know your university’s and VentureWell’s Intellectual Property policies 21
  • 23. Membership: Check, Join, or Renew - Go to venturewell.org/membership Check status here
  • 24. Create an Account and Apply  Go to venturewell.org/student-grants 23 Download & read detailed guidelines Click to create account & apply
  • 25. Proposal Selection Criteria 1. Technology innovation and feasibility 2. Business model and commercial potential 3. Team composition, commitment, expertise, and institutional support 4. Positive social and/or environmental impact 5. Workplan feasibility 24
  • 26. What happens after you submit your proposal?  Proposals are reviewed by panels of VentureWell staff and external reviewers.  Award notifications are sent ~60 days after submission deadline  Occasionally, a team may be invited to resubmit their proposal for reconsideration in a future cohort, after certain concerns or questions are addressed.  Competitive program: 15-25% acceptance rate 25
  • 27. If your team is accepted…  Your team is part of the E-Team Stage 1 cohort and is awarded a $5,000 grant!  All E-Team grantees are required to send two participants to the three-day workshop in the Boston area.  The grant award is intended to cover: – travel to attend the workshop – minor expenses associated with furthering your innovation.  Note: Grant funds will be awarded to the team’s college or university and distributed by the PI to the team 26
  • 28. What happens at the workshop?  The Stage 1 workshop focuses on market validation and discovery.  Workshop exercises help teams learn and be able to: – Assess the value of their innovation – Validate that the market they have identified is indeed the right market for their innovation – Examine their competitive position within that market(s)  Network with innovators and mentors from a national community 27
  • 29. More Information Next Cohort: January 11-13, 2018 Applications Due: October 4, 2017 E-Teams Program Janine Elliott, Program Officer jelliott@venturewell.org VentureWell Grants Office Brenna Breeding, Grants Administrator Membership and grant application questions: grants@venturewell.org
  • 31. VentureWell Intellectual Property Policy  Ownership of intellectual property resulting from E-Team work should belong to the students on the team  VentureWell takes no financial or ownership interest in the projects funded by its E-Team grants  Applicants advised to protect their intellectual property before submitting a proposal  Students should understand their university’s IP policies 30
  • 32. Proposal Components • Required • Title page • Proposal narrative (no more than 5 pages) • Letter(s) of support (minimum of 1, maximum of 3) • Team member resumes • Optional • Additional appendices • Weblinks (websites, video links, articles, etc.)
  • 33. Who is your audience? 1. VentureWell Program Officer 2. VentureWell Grants Manager 3. Panel of 4-5 external reviewers made up of individuals from academia, industry, nonprofits & NGOs, and venture capital with experience in the technology areas and in the commercialization of early stage innovations.
  • 34. Proposal Narrative Technology and value proposition (1-2 pages) • What is your invention or technology innovation? • Is it technically feasible? Have you demonstrated proof of the key principle(s)? • Is your technology proprietary &protectable? • Have you done a prior art search, filed an invention disclosure, filed a provisional patent? Who are the inventors and who owns the patent? • Have you developed a physical prototype or proof of concept? • If yes, document the development of your prototype with drawings, digital documentation, or data demonstrating its effectiveness. • If not, describe your plans for proof of concept • What problem are you solving for what customers? In what way is it better than other solutions on the market? • What large-scale impact would successful adoption of your innovation create (e.g., lives saved, amount of C02 reduction, money saved. etc.)?
  • 35. Proposal Narrative (cont’d) Business model and market (1-2 pages) • Describe the market and customers that you intend to reach, and explain how you will engage them. • Who are your target customers, and have you talked to any? • How does what you are proposing compare with the competition? • What is your commercialization plan? • How will you approach the manufacturing, marketing, sales, distribution, and support of your product or service? • How do you intend to make this economically sustainable? • Describe the costs to produce and support your product and your expected sales price • How do you intend to make this environmentally sustainable? – if applicable • What is the structure you envision for your venture?
  • 36. Proposal Narrative (cont’d) Team (half page) • Who are the key team members and what roles will they play (1-2 • sentence on each)? • Who will lead the technical and business model development? • Do you have outside mentors, advisors, and/or partners? • If your team is working on a technology for low-resource settings in the US or abroad: • Identify any partners (individuals, community leaders, nonprofits or NGOs, etc.) outside of your institution who will provide connections and access to the field and end-users • Identify any partners who can help the team commercialize any resulting technologies • Explain how the team will address possible language, cultural, and social barriers. • Has the team traveled to the community in which you propose to work?
  • 37. Proposal Narrative (cont’d)  Work plan and outcomes (1 page) • Describe your plan for moving forward (from today to initial sales) • In a table format, list the 10 to 15 high-level steps with a timeline that will get you from today to readiness for initial sales • What does success look like and how will you measure it?
  • 38. Optional: Appendices and Weblinks • Up to 3 additional appendices may be included • May include but not limited to: • Images demonstrating design and/or technical feasibility • drawings, photographs, etc. • A summary of prior art • Any data collected as part of testing your technology • Any other relevant supporting materials • Weblinks • Links to online articles, videos and/or other relevant online data • Videos not required, but can help your proposal stand out or demonstrate how your technology works Quality > Quantity
  • 39. Letters of support  Letters of support demonstrate to reviewers that there is institutional support for your project and/or to verify partnerships discussed in your narrative.  At least one letter is required as part of your proposal. You may include up to three total.
  • 40. Do you have a polished resume?  Resumes should be no more than three pages each, and are only required for key team members, with a maximum of four resumes included.
  • 44. 1. No entrepreneurship (too research-focused, no path to commercialization/project(s) begin and end in the classroom) 2. No tech innovation (not convinced it’s new) 3. Too faculty-driven (too little student involvement or ownership opportunity) Top Reasons for Rejection
  • 45. Top Reasons for Rejection 4. No clearly defined social impact 5. Lack of expertise on the team/no relevant advisors and/or partners 6. Unclear proposal (“ask” isn’t compelling, no budget justification, too much jargon, sloppy)
  • 46. Top Reasons for Rejection 7. Not sustainable beyond the grant 7. Not scalable, one-off 8. No resulting E-Teams (for faculty grants) 9. No connection to existing resources on campus (for faculty grants)
  • 48. 47 FogKicker is a natural, green anti-fog solution. It prevents the formation of fog on any surface, including vehicle windshields, eyewear, mirrors, windows, and display screens. Made from Nanocellulose, a wood derived natural nanomaterial, FogKicker is biodegradable, biocompatible, and non-toxic. VentureWell provided Stage 1 and 2 E-Team training and grants to FogKicker totaling $25,000. Company: FogKicker Year Founded: 2016 Sector: Materials Investment Status: Pre-seed Product Status: Sales Geographic Market: USA E-Team Participation: E1, E2 Yinyong Li, Co-Founder and CTO YinYong Li is a PhD candidate at the Department of Polymer Science and Engineering at the University of Massachusetts Amherst. Li has said that FogKicker creates a film on a surface that prevents condensation from beading and scattering light. Instead, it distributes light evenly and the user is able to see more clearly. According to Li, future markets for the product include 254 million vehicle windshields, 181 million pairs of glasses and 115 million household mirrors. InventorInventionCompany Snapshot
  • 49. 48 BioCellection is developing bacteria that can break down ocean-bound plastic waste. Their technology then upcycles unrecyclable waste into valuable products for textiles. They have a prototype for breaking down polystyrene into CO2 and water, and see their technology being used in two ways—first, for landfill and beach cleanups, and, second, to create a secondary product to be used in textile manufacturing. VentureWell provided Stage 1 and Stage 2 E-Team training and grants to BioCellection totaling $25,000. Company: BioCellection Year Founded: 2015 Sector: Environment, Life Science Investment Status: Raised $300k Product Status: Prototyping Geographic Market: N. America, China E-Team Participation: E1, E2 Miranda Wang, CEO, and Jeanny Yao, CTO - Co-Founders Miranda Wang and Jeanny Yao first worked on the problem of plastic waste in high school. They have since filed two patents, founded a company, and raised about $400,000 from a variety of sources. They recently graduated from the University of Pennsylvania and the University of Toronto respectively. InventorsInventionCompany Snapshot
  • 50. 49 Kinnos prevents the transmission of infectious diseases by eliminating human error and empowering healthcare workers and patients to protect themselves. Their first product, Highlight, is a patent- pending powdered additive for disinfectants that greatly enhances decontamination. By targeting both surface decontamination during epidemics and daily disinfection in hospitals, laboratories, and government agencies, Highlight can fundamentally improve the practice of decontamination and prevent the transmission of infectious diseases. VentureWell provided Stage 1, 2 and 3 E- Team training and grants to Kinnos totaling $25,000. Company: Kinnos Year Founded: 2015 Sector: Healthcare Technology Investment Status: Seeking first round investment capital; USAID funded Product Status: Sales Geographic Market: USA E-Team Participation: E1, E2, E3-ASPIRE Jason Kang, Katherine Jin, Kevin Tyan, Co-Founders This trio is interested in improving health care in low-resource settings by addressing gaps. Their goal with Kinnos is to improve disinfection to protect healthcare workers. They were inspired by Columbia’s Ebola Design Challenge in 2014, realizing there was an opportunity to solve a pressing need—health care workers were being infected by Ebola due to an ineffective decontamination process. InventorsInventionCompany Snapshot