Global BPC Showcase

2012 MIT GSW Global BPC Showcase

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2012 Winners:

Crowd Favorite: Raj Sarkar, SmartTAG

SmartTAG
S100 Scotland and Winner, SEN Creation Challenge

Team:
The SmartTAG Team is dedicated and committed to bring the benefits of wireless technology innovation to the masses. We are a young, energetic group established in the European Union through EU’s REALISE-IT program as a start-up and the team members have former experience of working with start-ups/SMEs both in Europe, Middle East and in California Silicon Valley, USA. The Team is drawn from diverse fields; MBA in Finance & IT, MS in Computer Sciences, Electronics Engineering and Technology Management; bound together through our common backgrounds as students and graduates of EU’s Erasmus Mundus program.

Company:
Every week 900 laptops go missing at London Heathrow airport’ amongst other things such as mobile phones, travel bags etc (# Poneman Survey). This is also the case at bus stations, train depots, and airports worldwide. Our product, the SmartTAG has a mission to protect people from such losses/ theft. We use an innovative wireless solution by which either a smart phone or the smart tag(s), attached to belongings sounds an immediate alarm in the foreseeable event of a loss. Our mission is to address the security concerns of the present era including, inter alia, data loss, identity theft and the emotional stress associated with a personal loss.

Other participants:

De Novo Biosciences
2011 Accelerate Michigan Innovation Competition Grand Prize Winner

Team Bio:
The DeNovo Sciences team includes young dynamic enterpreneurs and experienced industry veterans. The three co-founders: Priya Gogoi, Chris Siemer and Saedeh Sepehri bring their passion for biological sciences to create products that will help cancer patients across the world. CEO Kalyan Handique was previously the co-founder of HandyLab, a molecular diagnostic Company that was recently acquired by Becton Dickinson for $275 Million. Dr. Roger Newton, co-discoverer of Lipitor and current CEO of Esperion Therapeutics is also an investor and advisor to the Company.

Company Description:
DeNovo Sciences is developing an integrated microfluidic based platform to capture, isolate and detect rare circulating tumor cells from blood as an alternative to painful biopsies. The patent pending platform will also enable the user to perform downstream molecular tests at the single cell level as well as retrieve viable cancer cells. The total addressable market for our product in US alone is 7 billion dollars, encompassing the cancer research market and the clinical market. The company will first target its product to the 2 billion dollar cancer research market comprised of 66 Cancer Centers and 270 Pharmaceutical companies. In FY4, the Company will target the large 5 billion dollar clinical market with its FDA 510k product to be used for early stage metastasis detection as well as to track cancer treatment progression. The Company plans to generate significant revenues due to its recurring revenue model and has a world class team committed to its mission. Finally, DeNovo’s CTC detection platform is flexible enough to be used for cancer biology research, biomarker and drug discovery and the development of personalized therapies.

Arctic Pod
Mai Bangkok Business Challenge 2011, Thailand

Team:
San Ko is the co-founder and CEO of the TIDE Institute, a non-profit organization that fosters entrepreneurship in South Korea. He is a member of the Presidential Committee on Green Growth, advises the National Assembly of Korea as an S&T expert, and serves as Ambassador of the Korean Ministry of Education, Science and Technology. He was a member of the Korea Aerospace Research Institute as an astronaut and senior researcher for the Policy, International Relations and Planning Division. He worked at the Samsung Advanced Research Institute as a researcher on the topics of artificial intelligence, computer vision, and machine learning. He is currently on leave from the Kennedy School of Government’s MPP program. Mario Garcia initially moved to South Korea to work at Sejong University’s Astrophysical Research Center. He was impressed by Koreans’ math and science literacy and their rapid adoption of new technologies. He enrolled in the MBA program at the Yonsei School of Business in order to pursue a career in science-based entrepreneurship. As an undergraduate, Mario participated in NASA’s Student Flight Opportunities Program where his team tested a novel method for cardiopulmonary resuscitation in microgravity. The method was presented to the Aerospace Medical Association and American College of Emergency Physicians as a viable component of emergency medicine for manned missions beyond Earth’s orbit. He was also radio telescope operator at the Harvard-Smithsonian Center for Astrophysics.

Company:
The ArcticPod is a climate-controlled sleeping space crafted from ecologically friendly
materials. It provides an enclosed, comfortable environment around a bed and delivers
cool air at the most efficient points surrounding the occupant. The worldwide A/C market is large and growing. Individuals living in countries with emerging economies are graduating out of poverty by the millions and are seeking to live with the comforts of modern life. There is considerable strain on municipal power generation and air-conditioning can account for more than 30% of residential energy requirements during hot summer months.

Toilet+
Winners of the Queen's Entrepreneurs' Competition 2012

Team:
Mahbubur Rahman Turza and Anjali Sarker are the co-founders of Toilet+ Enterprise. They have already started a small pilot and are expecting to expand the pilot within next few months. Mahbubur Rahman Turza is currently studying business administration in Institute of Business Administration, University of Dhaka. He is a senior executive at UNYSAB, a social organization involving enthusiastic youths for promoting greater good of the country. His team was the second runner-up in the National Brandwitz Competition organized by Institute of Business Administration, University of Dhaka in 2009. His team was one of the finalists in the Global Social Entrepreneurship Competition (GSEC) organized by Foster School of Business, University of Washington last year. Anjali Sarker is currently studying business administration in Institute of Business Administration, University of Dhaka. She is the first student from Bangladesh to be the Social Business Fellow at Dell Social Innovation Competition. She is an enthusiastic social worker and belongs to multi-lateral social organizations in the country. Her team won the Social Concept Championship Tribute in the Global Social Venture Competition (GSVC) organized by Indian School of Business (ISB) last year. Besides, her team became one of the finalists in the Global Social Entrepreneurship Competition (GSEC), arranged by Foster School of Business, University of Washington in 2009.

Company:
In Bangladesh, each year 69000 children die from diarrhea, which is largely because of unhygienic sanitation. Even though both govt. and leading NGOs are trying to solve this problem, their efforts largely fail because poor villagers simply lack motivation to change their sanitation behavior or can’t afford the shift to safe sanitation. Toilet+ is a urine diverting dry toilet, which is structurally similar to Ecosan. It can recycle 100% waste to produce organic fertilizer and is flood resistant. The $110 value toilet is made affordable for the villagers through microcredit from partner MFI. Every 18 households form a cooperative, individually apply for microcredit, and become collectively responsible to repay the total monthly installments to MFI. Member households sell waste (feces, urine, and other bio-waste) to us. By selling waste, a cooperative gets $70 a month (75% of the collective installments) and each household pays only $1.3 out of pocket to repay the collective monthly installments. We, Toilet+ Enterprise convert waste into organic fertilizer and sell it to agro firms to generate revenue. Thus we earn revenue from two sources, toilet construction and fertilizer sale.

Poikos
Winners of Launchpad@CEME 2011 and Shell Livewire 2011

Team:
Eleanor is a technologist with experience in E-Commerce and Information Systems. Watson taught Post-Graduate Computer Science and Computer Forensics for two years before co-founding her first company, Graffiti4Hire Ltd. After developing this successful arts business (one with strong social awareness) she founded Poikos Ltd. http://re.vu/nellwatson Eleanor ‘Nell’ Watson is the founder, leader, and sales / bizdev. The team also includes David Evans, MSc CompSci Warwick, Development Lead and Ms Wafa Mohammed, MSc Marketing & Strategy, Marketing Lead. We also have a number of interns at both of our bases in Birmingham, and London.

Company:
Poikos is the company behind the MeasureCAM technology platform. MeasureCAM is an intelligent body measurement system which enables its customers to take accurate body measurements using webcams and smartphones. We are ready to launch to the public when it suits us. The market potential for this technology is massive due to the range of areas where it may be implemented. The most obvious sectors are in retail and healthcare, which we are offering to two different retail and medical ‘superbrands’ at the pinnacle of both industries. The retail initiative involves the BIG high street clothing retail stores in the UK (22 UK stores in total), whilst the medical initiative has the involvement of the NHS and Mayo Clinic.

Bio-Fiend
Winners of the 2011 I2P Global Competition, Energy Track

Team:
Jamerson Matos is a Chemistry PhD student at UFMG, with research on biofuels and pyrolysis. He holds a MSc. and Bachelor degree in Chemistry (UFMG). At Bio-Fiend he is responsible for technology scale-up. Carla Leite holds a Bachelor degree in Chemistry (UFMG) and is one of the glycerin polymerization patent authors. At Bio-Fiend she is responsible for the development of new technologies. Aluir Dias is a Chemistry PhD student at UFMG, with research on applications to absorb and remove oil from contaminated sites. He holds a MSc. in Environmental Engineering (UFMG) and a Pharmacy Bachelor (UFOP). At Bio-Fiend he is responsible for the technology platform. Fernanda Vidal is a finance student (FDC) and holds an Industrial Engineering bachelor degree (UFMG). At Bio-Fiend she is responsible for finance and business analysis. Pedro Vidigal, not shown in the picture, is an industrial engineering student with experience in evaluation of technologies and new enterprises. At Bio-Fiend he works with Fernanda in viability studies.

Company:
Bio-fiend is a company able to transform waste in new products. Our first initiative is to transform glycerin from biodiesel productive process in a new product: Fragdust. Mining companies have losses while transporting iron ore due to wind and rain action. Contaminated air can cause health problems in the exposed population. Fragdust is a new dust suppressor, reducing ore loss close to zero. It can be applied with the same equipment already used by mining companies and has a higher efficiency and lower price when compared to regular dust suppressors. Fragdust was already tested by Vale’s labs and approved. Small companies are interested in testing the product as well. These tests will work as show room to introduce Fragdust in the market. The low price can be another attractive factor, as well as environmental marketing.

Broad Peak Energy Solutions
2011 Dow Sustainability Student Innovation Grand Prize Winner

Team:
Ahmed Malik is currently pursuing a Master of International Business at Tuft’s Fletcher School, focusing on strategic management and energy policy. He hails from Pakistan, where he has worked at Citibank, as well as the Textile industry. He brings to Broad Peak a strong finance background as well as practical field knowledge of the business environment of Pakistan. At Broad Peak, Ahmed will focus on running local operations including sales, supply chain and marketing. Jonathan Torn brings over three years of field experience working in the renewable energy sector in South Asia. In Bangladesh he worked with Grameen Shakti and as an energy consultant to Gemcon, one the country’s largest conglomerates. He brings practical and technical experience of successful implementation of renewable energy projects. At Broad Peak Jonathan will focus on the technical aspects of the venture as well as sourcing panels, raising funds and international expansion.

Company:
The issue of power shortages is widely prevalent throughout South Asia and particularly in Pakistan. In order to have power when grid electricity is not available, many households use Uninterruptible Power Systems (UPS). UPS are devices that store a small amount of power from the grid for use during power outages. They have the perverse effects of drawing power from an overtaxed grid, adding costs to the consumer and increasing the burden on the overall system. Broad Peak Energy views this situation as an opportunity to introduce solar power as means to improve the quality of life of those affected by power cuts. Broad Peak aims to become the premier solar retail brand in Pakistan. By being the first to introduce the widespread use of small scale solar power, Broad Peak will also raise awareness of the social and environmental benefits of solar power. Should Broad Peak Energy’s product become widely used, it would have wider societal benefits beyond those using it directly.

EcoSave International Ltd.
World champions of the 2011 Lee Kuan Yew Global BPC

Team:
Mr. Marco Cheung Hoi Fai is the co-founder of EcoSave International Limited. His company has recently been the only Asian startup recognized by Kairos Society, USA, as Kairos 50 - one of the 50 best student-led ventures globally and showcased at NYSE in early February. He has also been recognized in various entrepreneurship competitions locally and globally, while being the first ever team to represent China in winning 6th Lee Kuan Yew Global Business Plan Competition and the youngest entrepreneur to achieve Bronze Award in 7th Challenge Cup in China at age of 17. He is currently pursuing two degrees in Chemical and Bioproduct Engineering and Business Management at the Hong Kong University of Science and Technology, one of the topmost Asian institutions. His vision is to make a difference to humanity in both social and environmental areas through technological innovations.

Company:
Eco$ave, meaning eco-friendly and money saving, is a new detergent formulation comprised of cutting-edge technologies. Eco$ave is not just a green detergent brand but a vision to revolutionize a green trend that effectively relieves the worldwide water pollution problem. Overconsumption of non-biodegradable household detergents is one of the major sources of water pollution. According to the United Nations, 70% of the world water pollution comes from excessive use of such environmentally-damaging household detergents. The situation is particularly severe in Hong Kong. In 2010, the Hong Kong Standard alerts that currently households are squandering over 30,000 tons of non-biodegradable detergents annually. From the customers’ perspective, with the reduction in overall detergent usage, Eco$ave is a cheaper and greener alternative whilst achieving the same cleaning effect. However, 80% detergents sold in Hong Kong are non-biodegradable detergents. With the increasing green awareness and unsatisfied growing demands for green products, Eco$ave’s introduction will fulfill enormous unmet needs in the market. In the first three years, Eco$ave will aim to be launched in high-end green grocery stores around Hong Kong. To further penetrate Eco$ave to the targeted hybrid segment, Eco$ave will enter high-end supermarket shelves in Hong Kong, such as Market Place by Jasons.

Aquaculture Test Bed and Investment
Winners of the 2010 Seasteading Institute Sink or Swim BPC

Team:
Andac Kolukisa has varied experienced in systems engineering, including work at Ford and BMW. He has his BS in Manufacturing Systems Engineering from Sabanci University in Istanbul. He was on the Dean’s List for his Master of International Business (MIB) Degree at the HULT International Business School. Robert H Lee is a serial entrepreneur with a background in technology law. He has served as consultant in the aquaculture industry, most notably for Pacific Marine Farms, an aquaculture company in Northern California. He has served as CEO of Fly Online, an e-commerce travel portal that was acquired by Travelzoo, and VP Operations of Intellevate, a business process outsourcing company that was acquired by CPA Global (UK). Robert has his JD/MBA from UC Berkeley and his BS/BA (biochemistry and philosophy) from Yale University.Charlemagne Quinitio has broad working experience in the biotech industry, both as a researcher and in designing and executing system processes with focus on quality and implementation, most recently at Ceregene and NovaRx. He has a BS in Bioinformatics and Genomics from UC Riverside, and MBA from the HULT International Business School. Lona (Alia) Duncan's professional experience spans over 7 years in the industries of fashion, medical, banking, airline and automotive. Lona has an innate passion for social entrepreneurship and she has the extraordinary ability to absorb a new industry quickly and produce immediate results. She holds an MBA with Distinction and a Bachelor of Business Administration of dual concentration in International Business and Marketing from the George Washington University. David Baar has a background in banking and finance, including work in at Commerzbank AG in Germany and Singapore, and work in asset management at BMW. He has a Bachelor of Honours from The University of Portsmouth and a Bachelor of Arts from the University of Applied Sciences Munster, both in European Business. He holds a Master of International Business degree from the HULT International Business School. Nikolay Reshetnyak has experience as a project manager and trader in the finance industry, most recently at Lotus Capital in Moscow. He has the skills to effectively lead sales efforts at ATBI. He has a BS in Finance and Credit, from the Finance Academy in Moscow and a Master of International Business degree from the HULT International Business School.

Company:
Aquaculture, in thirty years, is trying to do what agriculture did in six thousand. -- Jason Clay, Senior Fellow, World Wildlife Fund.

World seafood consumption is growing rapidly, and there is no reason to think it will abate. At the same time, wild seafood stocks are rapidly diminishing. Estimates indicate that by 2024, over half the world’s seafood consumption will be from aquaculture, with a value of hundreds of billions of dollars. Seasteading presence will provide Aquaculture Test Bed & Investment (ATBI) with significant advantages in technical validation. These advantages can be bucketed into two categories. The first is that of physical location, namely the open ocean. Aquacopia, the world’s only aquaculture-focused VC fund, puts it very well when it states that “current aquaculture, practiced on land or close to the shoreline, has increased rapidly but is ever nearer to its growth limits due to physical site scarcity, competing water uses, regulation, and environmental concerns. In contrast, offshore or ‘open ocean’ aquaculture is the concept for fish farming that has the greatest potential.”