ÀÖ²¥´«Ã½

Six CU BoulderÌýteams will vie forÌýup to $200,000 in funding at theÌý11th annualÌýNew Venture Challenge (NVC), CU Boulder’s premier entrepreneurial startup competition, on April 3 at the Boulder Theater.

Nearly 120 ventures took part in this year’s competition, which kicked off in September. In the months since then, faculty and students from every corner of campus have explored their ideas, technologies and passions with an eye on reaching the Championships—and maybe even beyond.

"The more we learned about NVC, the more we wanted to participate. From the workshops built in throughout the year, to how friendly and enthusiastic the community was, it was a no-brainer to apply," said Humsini Acharya, an engineering plus senior and co-founder of Hardware Track finalist team Stride Tech.Ìý"It's been such a great opportunity to hone the business, marketing and financial side of the equation that we, as engineers,Ìýwere previouslyÌýscared of."

Five of the finalists advanced throughÌýa semi-final round before winning in their respective track finals, which were held in Creative Industries, Research & Development (R&D), Information Technology (IT), Hardware and General categories. The sixth team advanced to the finals as a wildcard selection.

The New Venture Challenge 11 finalists are:Ìý

• Bright WearablesÌý(Creative Industries Track Finalist) –Ìýmicro-chip embeddedÌýfashion accessories that allow contact information to be passed to smartphones with just a tap of the phone
• KartWheelÌý(General Track Finalist) –ÌýaÌýspecialized transportation company established to transport students with disabilities and injuriesÌýfrom their homes to specific buildings on campus
• Stride TechÌý(Hardware Track Finalist) – advocates for safer senior care withÌýSmart Step, a universally attachable walker accessoryÌýthat detects and corrects dangerous walker use habits and monitors walking to generate actionable insights for a physician
• Nimb.lyÌý(IT Track Finalist) – software platform that helps catering companies keep their events efficiently staffed
• TissueFormÌý(R&D Track Finalist) – helps patients suffering from tissue disease, damage or aging through simple, low-cost and long-lasting dermal filler technology
• Button Huggie (Wildcard, R&D Track runner-up) ­­– a precision-engineered medical device designed to simplify care for a child'sÌýgastrostomyÌýbuttonÌýand reduce gastrostomy-related complications

Teams will have five minutes to pitchÌýtheir business ideas and field answers to questions from a panel of judges.ÌýThis year’s panel is comprised of returning NVC 10 judges Jason Mendelson, co-founder and managing director of the Foundry Group; Abby Barlow, partner and director of Investment Research at Crestone Capital, LLC;Ìýand Anthony Shontz, managing director of Private Equity at Partners Group (USA), Inc. Mike Wohl, Chief Investment Officer of CEAS Investments I, LLC rounds out the panelÌýas the fourth judge.

The audience will also get to try their hand at judging byÌývoting on a special round of lightning pitches from four ventures, with the winner taking home a $1,000 prize. The event will be emceed by Brad Bernthal, Associate Professor of Law and Founder/Director of theÌý, and will feature cameosÌýfrom Brad Feld, managing director of the Foundry Group and co-founder of Techstars, and Dan Caruso, CEO of Zayo Group. Feld and Caruso also donated the $200,000 prize.