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Over $30,000 in Funding Awarded at the 2017 Fairfield StartUp Showcase

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Over $30,000 in Funding Awarded at the 2017 Fairfield StartUp Showcase

Last week four student startup teams took the stage at the Quick Center to compete in the sixth annual Fairfield StartUp Showcase. This Shark Tank -style competition is the culmination of Fairfield StartUp, a program of events designed to foster young entrepreneurial talent at Fairfield through engagement with mentors and investors.

Although it all came down to one night in front of a live audience of 400 spectators and over 3,800 people who viewed the Showcase through Facebook Live, the teams began preparing for the Showcase in December. Through a sequence of educational, networking and mentoring events the students worked to develop and articulate their business models, recruit mentors and attract partners.

Each team had five minutes to deliver their pitch followed by eight minutes of questioning from the investor panel. Joining the investor panel this year was Joe Bronson 鈥70, principal and CEO of TheBronsonGroup, LLC,聽Hugh Davis '95, co-founder of Critical Mix, Michael Garvey 鈥89, founder of License Monitor, Inc. and Irina Novoselsky, president of Novitex Enterprise Solutions. Dean and professor of the Dolan School Donald Gibson, PhD,聽was the master of ceremonies for the evening.

Up to pitch first was team Africa Requests , a delivery service designed to safely and securely deliver goods, like electronics, from the US to Africa. Founder Julian Ashong 鈥17 was no newcomer to the stage. A former Showcase participant, Julian was joined this year by Diandre Clarke 鈥18 and Kristine Miller 鈥17. After explaining how the delivery service works, investor Joe Bronson suggested testing the shipping model with low value product before shipping actual orders. Investor Michael Garvey also suggested adding GPS tracking to orders to prevent lost merchandise.

Up next was team Trees of Life , a nonprofit organization with the goal of bringing clean drinking water to people in need through a desalination system using mangrove trees. The team discussed how one tree can produce six gallons of water, per tree, per day. Following the pitch the investor panel was interested in the output of the trees and the size of the mangrove farm the team was looking to pilot.

After hearing the pitch Garvey exclaimed 鈥測ou might solve the water crisis on the planet and I鈥檓 pretty blown away by that!鈥 Emily Yale 鈥18 described her role on the team as a mechanical engineer and how she has worked to develop the process for collecting the water. Investor Irina Novoselsky urged the team to make patenting the technology a top priority.

Following Trees of Life was John Daniels 鈥18 of College Place , a service designed to help college students connect with local landlords to simplify the process of finding off campus housing. John described how he came up with the idea for his business as a result of his personal experience trying to find housing in the Fairfield beach community. Novoselsky raised the point that through such a service, John would gain access to interesting data that he should look to monetize as a way to expand his business.

Backstage two student correspondents, Victoria Marano 鈥18 and Kelley Oliveira 鈥17, interviewed the teams with their mentors after they delivered their pitches. The interviews were broadcasted on monitors on stage so the audience could follow along while the next team prepared to make their pitch. Peter Murrugarra 鈥00 described working with John as 鈥渁 great experience. He is very inquisitive and thoughtful in terms of questions and thinking big picture. I wish I had thought of College Place when I was a student at Fairfield.鈥

To round out the evening freshman team Tempas made their pitch.聽Matthew Fanelli, Seamus O鈥橞rien, Abigail Sakati and Richard Saganey described their business as a mobile platform that allows college students to manage their social and academic schedules all in one app while granting friends and acquaintances access. After describing their plan to put together a version of the app to test with next year鈥檚 freshman class investor Hugh Davis cautioned them about going to market too quickly.

鈥淏uilding a great business takes time and it鈥檚 not necessarily the first to market that wins, it鈥檚 the best to market.鈥 He suggested that the team consider giving themselves more time to perfect the product. 鈥淒on鈥檛 rush to get something out quick that鈥檚 not going to be right,鈥 he said.

In addition to the exciting team pitches, the Showcase also included special presentations from and . An international lifestyle brand dedicated to supporting and encouraging the well-being and positive self-image of young female athletes everywhere, SoccerGrlProbs was co-founded by alumnae Carly Beyar 鈥14, Shannon Fay 鈥14 and Alanna Locast 鈥12 during their time at Fairfield. 鈥淭his is where it all started and it鈥檚 surreal for us,鈥 they explained. 鈥淲hen we started out we didn鈥檛 know how to run a business and needed a lot of help monetizing it. Being in the FUEL program was amazing for us. We started with three t-shirts and now have over 100 products on our website.鈥

The sixth annual StartUp Showcase was a huge success and over聽$30,000 was awarded in funding . The top three winners of the competition were聽Trees of Life who walked away with $11,500 in funding, College Place with $7,500 and Tempas with $5,000.聽New this year was the StartUp Hall of Fame induction. The investor panel鈥檚 very own Joe Bronson was selected as the Showcase鈥檚 inaugural inductee. Audience members also had a chance to cast their vote in the Showcase by texting in their choice for best pitch, selecting Tempas to receive this year鈥檚 Audience Favorite award and $1,000.

鈥淭his was an amazing display of student talent and motivation to present these ideas for companies, on a big stage in front of entrepreneur experts,鈥 said Don Gibson, dean of the Dolan School. 鈥淪tudents, faculty and community members looked on as Fairfield students, ranging from freshmen to seniors, from engineers to business majors, demonstrated that they are an entrepreneurial force to be reckoned with.鈥

What鈥檚 next for Fairfield StartUp? Showcase teams will participate in the Summer Fellows program at the 天美传媒视频无限制观看 Entrepreneurship Laboratory ( FUEL ) in downtown Fairfield where expert mentors will guide them through the process of launching their companies. The program will include participation in local angel investor events and meetups in New York and Boston where the teams can attract direct investment from local and alumni investors.

"This summer we have lots of work to do with the teams," said Chris Huntley, associate professor and program director of Fairfield StartUp. "Now they are expected to become real companies, with real budgets and responsibilities. Throughout the next year they will have to repeat and adapt their pitches to recruit partners, connect with investors and hire out professional services work needed to get their products to market."

The Dolan School would like to thank the following Gold Sponsors for their tremendous support to help make this year鈥檚 Showcase a success: Barnes Group Inc. , Barnum Financial Group, Adam 鈥06 and Michelle 鈥07 Belardino, Joseph R. Bronson 鈥70, Mary MA 鈥72 and Brian Campbell, Critical Mix, Hugh Davis 鈥95, Scott 鈥99 and Kateri 鈥01 DePetris and SoccerGrlProbs.

Last modified: 04-12-17 12:10 PM

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