November Newsletter Feature

MESSAGE FROM THE DIRECTOR

This month we hosted our fall Pitch & Pizza event. We had 20 teams from 6 different colleges competing in a one-minute pitch contest. Expert judges were drawn from Alumni, sponsors and faculty. This is the first round of our New Venture Competition with the top 5 teams progressing to the semi-finals.

In the incubator this month, we hosted a visit from Phil Libin, Chairman of Evernote and now a partner at General Catalyst. Phil did his computer science studies here at BU. He met with 5 of our BUzz Lab teams and gave crisp feedback and actionable advice to the teams.

The first round of the VCIC competition was completed this month. This is a national competition which puts graduate students into the shoes of a Venture Capitalist. This first round selected the BU students who will represent BU at the regional competition at Dartmouth in the New Year.

Our graduate entrepreneurship and innovation club hosted a great panel with over 500 students and alumni attending an entertaining discussion on disruption in the media industry. The undergraduate club concluded their semester long start-up challenge event. In this competition student teams are formed to come up with entrepreneurial ideas that answer a major problem put to them at the start of the semester.

We are launching a new initiative in the spring where we will host a chapter of Junior Achievement on the BU campus. This program teaches high school students how to start a business and sell its products in a semester. We are currently recruiting volunteer mentors from various backgrounds and business affiliations for this program. If you are interested, please sign up here by Friday, December 11th.  As you can see, we have had a busy month before the fall semester winds down. We have great plans for the spring and look forward to sharing those with you.

We hope you enjoy your holiday season!

Warmest regards,
Professor Ian Mashiter
Director of the BUzz Lab

Fall in the BUzz Lab
BU Hosts Junior Achievement Program  

This spring we will host a chapter of Junior Achievement on the BU campus. This program teaches high school students how to start a business and sell its products in a semester. The volunteer mentors will come together to guide students and network with other Boston-area professionals. The JA Academy program success does not only rely on the students but also the dedicated volunteer mentors.We are recruiting volunteer mentors for this program, so if you are interested, please sign up here  by Friday, December 11th.

Interise Awards   

In 2004, Pete Russo from Questrom and Dan Monti from BU’s Sociology Department collaborated to create a program called Inner City Entrepreneurs (ICE). Dan Monti’s interest was to bring the different ethnic groups of Boston together around economic development. We saw an opportunity to create entrepreneurial success by helping existing entrepreneurs in the inner city scale their ventures, rather than create another program to help people start new ventures.

Continue reading…

G-51 and MBA Students Rock Boston with the First Ever Mobile Deal Review

G-51 brought its first ever mobile deal review meeting to BU’s Questrom School of Business on Friday. Throughout the afternoon, participants included BU, Babson, BC, MIT, one of Boston’s largest insurance companies and a Ph.D. exchange student from Italy. Concurrently with the Boston-based presentations, several participants across the country delivered analyses either over the phone or from their Austin, TX headquarters.

Fall New Venture Competition Winners 
This month we held the first round of the New Venture Pitch & Pizza Competition where five teams were selected to go on to the semi-final. The winning teams are Modern Bottle (SHA, 2016) – an urban wine bar; Sonique (Questrom 2016) – an ultrasonic mouth cleaner designed to clean all your teeth simultaneously at a fraction of the time; Orco (BU Dental School, 2016) – a dental networking platform designed to solve the inefficiency of patient care; Tumvi (ENG, 2016) which is designed to bridge gaps between university dining services, nearby restaurant owners, and students; and Uncle Rick’s Diner (SHA, 2017) – a diner committed to reviving the eater-tainment industry.

IN THE NEWS
The Latest Student Startups Coming Out of BU
By Olivia Vanni, BostInno

As I keep tabs on startup activity throughout Boston’s various college campuses, the continuous stream of new ventures never ceases to amaze me. Every time I think I have a good grasp on the latest and coolest companies starting at each school, a whole new crop comes onto my radar.
BU Alums Matt Marba and Fred Townes, Founders of Placester Get $27M Series C in 2nd Big Round of the Year

By Kyle Alspach, BostInno

Seven months after raising a $15 million Series B round-and following a number of major milestones-Boston startup Placester has raised another $27 million, a Series C round that’ll go toward accelerating its already fast-growing software business for real estate marketing. The new funding comes from returning investors New Enterprise Associates and Romulus Capital, and the Techstars Boston alum has now raised $50 million since its launch in 2011.