News
The Girls Co. Take 1st Place and $40,000
BYU's, Zoia, Taimi, and Abby; also known as The Girls Co., created a wearable menstrual-cramp pain alleviation belt. Despite giant steps in technology and more options than ever for consumers, menstrual cycle pain seems to be stuck in the dark ages--with over 50 million women forced to adjust their lives to accommodate their excruciating cramps. The Girls Co. were shocked to learn about the way periods had been treated throughout time, and we were forced to wonder--why didn’t solutions for period cramps keep the women using them in mind?
The Girls Co. created a wearable, heated cramp-alleviating belt to be worn under clothing. Measuring under an 1/8” thick, the belt is ultra discreet, with heat pouches lasting 6-8 hours to allow women the long-lasting heat relief they need to accomplish a full day’s work.
They impressed the judges with their massive amount of validation which included over 1000 hours customer testing. In their final presentation they won the crowd as they walked through their lean canvas experience in a captivating story-telling format.
The Girls Co. created a wearable, heated cramp-alleviating belt to be worn under clothing. Measuring under an 1/8” thick, the belt is ultra discreet, with heat pouches lasting 6-8 hours to allow women the long-lasting heat relief they need to accomplish a full day’s work.
They impressed the judges with their massive amount of validation which included over 1000 hours customer testing. In their final presentation they won the crowd as they walked through their lean canvas experience in a captivating story-telling format.
2019 IBMC Top 40 Teams Announced
Provo, Utah – April 30, 2019
The International Business Model Competition announced the top 40 teams from across the globe vying for a share of over $200,000 cash prizes. The international competition will be held May 9-10 on the campus of Brigham Young University in Provo, UT, USA.
The International Business Model Competition, founded by BYU in 2010, is the first and largest competition of its kind in the world. This unique student competition requires active identification and validation of crucial business model hypotheses rather than the writing of a static business plan, talking to customers outside the building rather than gathering secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or changing course rather than executing on the plan. The IBMC’s primary aim is to educate and inspire smarter and more successful entrepreneurs.
2019 IBMC Top 40 (Company, School)
Asonus Tech, University of Iowa
Auxilium, Brigham Young University
AvoMD, Columbia University, SUNY Downstate
Brainery, Quinnipiac University
Careerquo, The University of Memphis
CCML Formula, University of Technology, Jamaica
Comexchain, Federal University of Santa Catarina
DetectAn, Monterrey Institute of Technology and Higher Education
DigiMatrix, KMD Institute
FlykeArt, Purdue University
Franklin, University of Wisconsin-River Falls
Global Sign, Purdue University
Grid It, University of Waterloo
InfiinityBox, IIT Kharagpur
Inosightech, University of Technology Malaysia
JA Bio Plastics, University of the West Indies
Kilo Medical Solutions, Virginia Commonwealth University
Life Drop, Monterrey Institute of Technology and Higher Education
Locker Lifestyle, Grand Valley State University
MarijTech, Northern Caribbean University
Millions for Medicine, Marshall University
MIZI, University of Wisconsin-Milwaukee
MMtutors, Myanmar Maritime University
Nano Freaks, Kyushu University
NEER Agriventures, Institute of Technology, Nirma University, and NIT (Raipur)
Neptune, Brigham Young University
Pantheon Robotics, San Diego State University
Plugmusix, National University of Engineering
PreeLabs Limited, University of the West Indies, Mona
RentCheck, Tulane University
RepowerU, Brigham Young University
SnapWire, University of Illinois at Chicago
SymMEDtry, Johns Hopkins University
The Artemis Company, The University of Alabama
The De-Alcoholizer, University of Waterloo
The Girls Co., Brigham Young University
Thrive Smart Systems, Brigham Young University
Triciclo Peru, University of Wisconsin Milwaukee
True Adherence, Brigham Young University
Xermosol, University of Technology, Jamaica
The International Business Model Competition announced the top 40 teams from across the globe vying for a share of over $200,000 cash prizes. The international competition will be held May 9-10 on the campus of Brigham Young University in Provo, UT, USA.
The International Business Model Competition, founded by BYU in 2010, is the first and largest competition of its kind in the world. This unique student competition requires active identification and validation of crucial business model hypotheses rather than the writing of a static business plan, talking to customers outside the building rather than gathering secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or changing course rather than executing on the plan. The IBMC’s primary aim is to educate and inspire smarter and more successful entrepreneurs.
2019 IBMC Top 40 (Company, School)
Asonus Tech, University of Iowa
Auxilium, Brigham Young University
AvoMD, Columbia University, SUNY Downstate
Brainery, Quinnipiac University
Careerquo, The University of Memphis
CCML Formula, University of Technology, Jamaica
Comexchain, Federal University of Santa Catarina
DetectAn, Monterrey Institute of Technology and Higher Education
DigiMatrix, KMD Institute
FlykeArt, Purdue University
Franklin, University of Wisconsin-River Falls
Global Sign, Purdue University
Grid It, University of Waterloo
InfiinityBox, IIT Kharagpur
Inosightech, University of Technology Malaysia
JA Bio Plastics, University of the West Indies
Kilo Medical Solutions, Virginia Commonwealth University
Life Drop, Monterrey Institute of Technology and Higher Education
Locker Lifestyle, Grand Valley State University
MarijTech, Northern Caribbean University
Millions for Medicine, Marshall University
MIZI, University of Wisconsin-Milwaukee
MMtutors, Myanmar Maritime University
Nano Freaks, Kyushu University
NEER Agriventures, Institute of Technology, Nirma University, and NIT (Raipur)
Neptune, Brigham Young University
Pantheon Robotics, San Diego State University
Plugmusix, National University of Engineering
PreeLabs Limited, University of the West Indies, Mona
RentCheck, Tulane University
RepowerU, Brigham Young University
SnapWire, University of Illinois at Chicago
SymMEDtry, Johns Hopkins University
The Artemis Company, The University of Alabama
The De-Alcoholizer, University of Waterloo
The Girls Co., Brigham Young University
Thrive Smart Systems, Brigham Young University
Triciclo Peru, University of Wisconsin Milwaukee
True Adherence, Brigham Young University
Xermosol, University of Technology, Jamaica
Jamaican Universities Take Home the Gold
BEASC Technologies won first place and $30,000 for its efforts to use technology to improve agriculture in developing countries.
Provo, Utah – June 05, 2018
Usain Bolt, Shelly-Ann Fraser-Pryce, and the 1988 Olympic bobsled team aren’t the only Jamaicans to gain international fame.
Two teams of student entrepreneurs from Jamaican universities won first and second place at the 2018 International Business Model Competition (IBMC), hosted by the Rollins Center for Entrepreneurship & Technology. But instead of gold medals, teams competed for international recognition and prize money to help fund their startup companies.
BEASC Technologies, made up of students from Northern Caribbean University in Mandeville, Jamaica, took home first place and $30,000. The company aims to solve agricultural challenges in developing countries. The team’s first project helps local farmers manage beet armyworm infestations through the use of technology.
“I’ve been asked a lot how it felt to win the competition, and I still can’t explain the feeling, but I would say it’s sobering,” says Lancelot Riley, a BEASC Technologies cofounder. “After all the anxiety and excitement, the sleepless nights, the frustrations of failing, and the joys of validation, it’s a sobering feeling to know that our hard work has won us an international trophy.”
Second place and $20,000 went to ECO-Structures Limited. Students from the University of the West Indies in Kingston, Jamaica, developed a way to repurpose plastic waste into construction aggregate. The environmentally friendly mixture will limit solid waste while advancing Jamaica’s infrastructure goals.
The teams’ success demonstrates the entrepreneurial growth happening in Jamaica. Jamaican universities have seen an increase in students interested in entrepreneurship and have gained the attention of outside stakeholders, who are helping develop a sustainable entrepreneurial ecosystem within the country through funding, mentorship, and other efforts. The universities first participated in the IBMC in 2014 and have quickly risen to the top.
“Our primary purposes for starting and continuing to champion the IBMC are to educate and inspire smarter entrepreneurs around the world, and this year’s results are direct evidence of those purposes coming to pass,” says Jeff Brown, IBMC director and Rollins Center associate director of operations. “It is so rewarding to see the impact this competition is making.”
Over five thousand teams from five hundred schools in thirty countries—from Canada to Chile to Cambodia—participated in affiliated competitions throughout the year, vying for a spot at this year’s finals. Last month, thirty-six finalists gathered in downtown Provo to present their business ideas. Teams presented to a variety of judges including local entrepreneurs and investors, BYU and traveling professors, and an all-star final event judging panel of Ash Maurya, David Bland and Aaron Eden. See below for the final IBMC results.
IBMC Winners
First Place - BEASC Technologies, Northern Caribbean University
Second Place - ECO-Structures Limited, The University of West Indies
Third Place - BayWatch Technologies, Brigham Young University
Fourth Place - Portal Entryways, Brigham Young University
Fifth Place - AssistENT, John Hopkins University
Honorable Mentions
Eco-Plastic, American University of Phnom Penh
Fresh Stamp Inc., Brigham Young University
Queritel, The University of the West Indies
Shogjur, Royal Thimphu College
SOULmuch, San Diego State University
Semifinalists
Alban, Monterrey Institute of Technology
E.I. Robotics, Brigham Young University
Khione, Brigham Young University
Speeko, The University of Iowa
Tabnex, University of Waterloo
The Local Food Experiment, University of Wisconsin-Green Bay
UKU, Antenor Orrego Private University
VerdiLife, The University of Iowa
Vertiball, University of New Brunswick
Zito International, Monterrey Institute of Technology
Quarterfinalists
Fluke Operadora, University of Sao Paulo & Getulio Vargas Foundation
GnomikX, Birla Institute of Technology & Science, Pilani
InfoMate, John Brown University
Melijo, University of Brawijaya
NanoPearl, Institute of Chemical Technology, Mumbai
O’heal, Pontifical Catholic University of Chile
PlantBox, Ryerson University
PLIMES, University of Tsukuba
Pneulyfe, Northern Caribbean University
SheLeads, University of Waterloo
Skolastik Oasis, The University of the West Indies
Smart Staffing, Michigan State University
Songen, University of Wisconsin-River Falls
STEM Library Lab, Tulane University
Tried & True Technology, Quinnipiac University
UniRider, John Brown University
Usain Bolt, Shelly-Ann Fraser-Pryce, and the 1988 Olympic bobsled team aren’t the only Jamaicans to gain international fame.
Two teams of student entrepreneurs from Jamaican universities won first and second place at the 2018 International Business Model Competition (IBMC), hosted by the Rollins Center for Entrepreneurship & Technology. But instead of gold medals, teams competed for international recognition and prize money to help fund their startup companies.
BEASC Technologies, made up of students from Northern Caribbean University in Mandeville, Jamaica, took home first place and $30,000. The company aims to solve agricultural challenges in developing countries. The team’s first project helps local farmers manage beet armyworm infestations through the use of technology.
“I’ve been asked a lot how it felt to win the competition, and I still can’t explain the feeling, but I would say it’s sobering,” says Lancelot Riley, a BEASC Technologies cofounder. “After all the anxiety and excitement, the sleepless nights, the frustrations of failing, and the joys of validation, it’s a sobering feeling to know that our hard work has won us an international trophy.”
Second place and $20,000 went to ECO-Structures Limited. Students from the University of the West Indies in Kingston, Jamaica, developed a way to repurpose plastic waste into construction aggregate. The environmentally friendly mixture will limit solid waste while advancing Jamaica’s infrastructure goals.
The teams’ success demonstrates the entrepreneurial growth happening in Jamaica. Jamaican universities have seen an increase in students interested in entrepreneurship and have gained the attention of outside stakeholders, who are helping develop a sustainable entrepreneurial ecosystem within the country through funding, mentorship, and other efforts. The universities first participated in the IBMC in 2014 and have quickly risen to the top.
“Our primary purposes for starting and continuing to champion the IBMC are to educate and inspire smarter entrepreneurs around the world, and this year’s results are direct evidence of those purposes coming to pass,” says Jeff Brown, IBMC director and Rollins Center associate director of operations. “It is so rewarding to see the impact this competition is making.”
Over five thousand teams from five hundred schools in thirty countries—from Canada to Chile to Cambodia—participated in affiliated competitions throughout the year, vying for a spot at this year’s finals. Last month, thirty-six finalists gathered in downtown Provo to present their business ideas. Teams presented to a variety of judges including local entrepreneurs and investors, BYU and traveling professors, and an all-star final event judging panel of Ash Maurya, David Bland and Aaron Eden. See below for the final IBMC results.
IBMC Winners
First Place - BEASC Technologies, Northern Caribbean University
Second Place - ECO-Structures Limited, The University of West Indies
Third Place - BayWatch Technologies, Brigham Young University
Fourth Place - Portal Entryways, Brigham Young University
Fifth Place - AssistENT, John Hopkins University
Honorable Mentions
Eco-Plastic, American University of Phnom Penh
Fresh Stamp Inc., Brigham Young University
Queritel, The University of the West Indies
Shogjur, Royal Thimphu College
SOULmuch, San Diego State University
Semifinalists
Alban, Monterrey Institute of Technology
E.I. Robotics, Brigham Young University
Khione, Brigham Young University
Speeko, The University of Iowa
Tabnex, University of Waterloo
The Local Food Experiment, University of Wisconsin-Green Bay
UKU, Antenor Orrego Private University
VerdiLife, The University of Iowa
Vertiball, University of New Brunswick
Zito International, Monterrey Institute of Technology
Quarterfinalists
Fluke Operadora, University of Sao Paulo & Getulio Vargas Foundation
GnomikX, Birla Institute of Technology & Science, Pilani
InfoMate, John Brown University
Melijo, University of Brawijaya
NanoPearl, Institute of Chemical Technology, Mumbai
O’heal, Pontifical Catholic University of Chile
PlantBox, Ryerson University
PLIMES, University of Tsukuba
Pneulyfe, Northern Caribbean University
SheLeads, University of Waterloo
Skolastik Oasis, The University of the West Indies
Smart Staffing, Michigan State University
Songen, University of Wisconsin-River Falls
STEM Library Lab, Tulane University
Tried & True Technology, Quinnipiac University
UniRider, John Brown University
Students Converge in Silicon Valley for IBMC
Instapath Bioptics (Tulane University) raises the Global Champion trophy at the 2017 International Business Model Competition hosted in Silicon Valley.
Tulane’s Instapath Bioptics named global champion
Provo, Utah – May 31, 2017
Students from all over the world gathered at the Computer History Museum in Silicon Valley for the 2017 International Business Model Competition, held 11-12 May. Founded by the BYU Rollins Center for Entrepreneurship & Technology, the IBMC is the first and largest lean startup competition in the world with more than $150,000 in cash prizes.
“We were so excited to host this year’s IBMC in Silicon Valley at the Computer History Museum,” says Jeff Brown, IBMC director and Rollins Center associate director of operations. “Our partnership with the Computer History Museum's Exponential Center paid so many dividends and allowed us to accomplish our goals to educate and inspire our student entrepreneur participants. We couldn’t be happier with the outcome.”
The primary aim of the competition is to educate and inspire smarter student entrepreneurs. Before arriving for the final competition, student teams were paired with lean startup mentors to provide feedback on their idea and help them prepare their pitch.
Once they arrived in California, participants were able to hear from two keynote speakers and attend a number of breakout sessions in conjunction with the event. Ash Maurya, author of Running Lean, spoke on the topic, “Beyond the Business Model,” and Marguerite Gong Hancock, founding director of the CHM Exponential Center, spoke on the evolution of Silicon Valley.
Nearly six thousand teams from 575 schools and twenty-seven countries participated in IBMC-affiliated competitions this year, resulting in 39 teams at the final. An interdisciplinary team from Tulane University’s bioinnovation and biomedical engineering departments took first place and a $30,000 prize for their cancer biopsy idea, Instapath Bioptics.
“We felt we were a part of something much bigger than our own small company,” says Mei Wang, a biomedical engineering student on the Instapath team. “We felt we were following in the footsteps of some of the greatest entrepreneurs in history.”
Seth Beal, senior vice president of incubation and strategic partnerships at Walmart; Dan Olsen, author of The Lean Product Playbook; and Rob McMillen, head of growth at Jott Messenger, served as judges.
"I enjoyed the high energy level of everyone at the competition," Olsen says. "They were clearly excited to be there and their enthusiasm came through in their presentations and conversations."
Sponsors for the 2017 IBMC included Walmart and CircusTrix. The CHM Exponential Center served as the competition’s education program partner and Startup Grind was a supporting organization.
Finalists
1st Place - Instapath, Tulane University
2nd Place - Rubi, Brigham Young University
3rd Place - ABAL Therapeutics, University of Iowa
4th Place - NATSIMA Nutraceuticals, Northern Caribbean University
5th Place - Okular Technologies, Brigham Young University
6th Place - Orindi Ventures, Grand Valley State University
Walmart Innovation Prize
Genius, San Diego State University
Honorable Mentions
GenesisWAY, Northern Caribbean University
LIKS, Monterrey Institute of Technology
Landmine Boys, University of Waterloo
Oliber, Pontifical Catholic University of Chile
Semifinalists
AgSpy, University of Wisconsin River Falls
Axem Neurotechnology, Dalhousie University
Breathe Easy Mat, Brigham Young University
Burbank's Mobile Barber Shop, Quinnipiac University
CMDX Biopsy, Tulane University
Genius, San Diego State University
Kaleyedos, Johns Hopkins University
Olride Kreasi Digital, Brawijaya University
SpurDeal, University of Waterloo
TSOTARE, Northern Caribbean University
Quarterfinalists
Apex, John Brown University
Bonzeeball, University of Washington
Cleanopy Inc, University of Toronto
COASS, Gadjah Mada University
Collegiate Tutoring, LLC, University of Mississippi
Curiato Inc., University of Waterloo
Edu Techno, International Islamic University Malaysia
Fastibular, University of São Paulo
General Biotechnologies, Harvard University
Gulpzilla, Yangon Institute of Economics
Help Us Green, Symbiosis Institute of Management
Hiki Foods, University of the Pacific
Medcare, Waseda Business School
Miguri Corp., National University of San Marcos
Prestige Gift, CamEd Business School
Prndl, Michigan State University
ScanFactor, Brigham Young University
Upright Kids, University of Wisconsin Oshkosh
Vacus Tech, Maharashtra Institute of Technology - Pune
Provo, Utah – May 31, 2017
Students from all over the world gathered at the Computer History Museum in Silicon Valley for the 2017 International Business Model Competition, held 11-12 May. Founded by the BYU Rollins Center for Entrepreneurship & Technology, the IBMC is the first and largest lean startup competition in the world with more than $150,000 in cash prizes.
“We were so excited to host this year’s IBMC in Silicon Valley at the Computer History Museum,” says Jeff Brown, IBMC director and Rollins Center associate director of operations. “Our partnership with the Computer History Museum's Exponential Center paid so many dividends and allowed us to accomplish our goals to educate and inspire our student entrepreneur participants. We couldn’t be happier with the outcome.”
The primary aim of the competition is to educate and inspire smarter student entrepreneurs. Before arriving for the final competition, student teams were paired with lean startup mentors to provide feedback on their idea and help them prepare their pitch.
Once they arrived in California, participants were able to hear from two keynote speakers and attend a number of breakout sessions in conjunction with the event. Ash Maurya, author of Running Lean, spoke on the topic, “Beyond the Business Model,” and Marguerite Gong Hancock, founding director of the CHM Exponential Center, spoke on the evolution of Silicon Valley.
Nearly six thousand teams from 575 schools and twenty-seven countries participated in IBMC-affiliated competitions this year, resulting in 39 teams at the final. An interdisciplinary team from Tulane University’s bioinnovation and biomedical engineering departments took first place and a $30,000 prize for their cancer biopsy idea, Instapath Bioptics.
“We felt we were a part of something much bigger than our own small company,” says Mei Wang, a biomedical engineering student on the Instapath team. “We felt we were following in the footsteps of some of the greatest entrepreneurs in history.”
Seth Beal, senior vice president of incubation and strategic partnerships at Walmart; Dan Olsen, author of The Lean Product Playbook; and Rob McMillen, head of growth at Jott Messenger, served as judges.
"I enjoyed the high energy level of everyone at the competition," Olsen says. "They were clearly excited to be there and their enthusiasm came through in their presentations and conversations."
Sponsors for the 2017 IBMC included Walmart and CircusTrix. The CHM Exponential Center served as the competition’s education program partner and Startup Grind was a supporting organization.
Finalists
1st Place - Instapath, Tulane University
2nd Place - Rubi, Brigham Young University
3rd Place - ABAL Therapeutics, University of Iowa
4th Place - NATSIMA Nutraceuticals, Northern Caribbean University
5th Place - Okular Technologies, Brigham Young University
6th Place - Orindi Ventures, Grand Valley State University
Walmart Innovation Prize
Genius, San Diego State University
Honorable Mentions
GenesisWAY, Northern Caribbean University
LIKS, Monterrey Institute of Technology
Landmine Boys, University of Waterloo
Oliber, Pontifical Catholic University of Chile
Semifinalists
AgSpy, University of Wisconsin River Falls
Axem Neurotechnology, Dalhousie University
Breathe Easy Mat, Brigham Young University
Burbank's Mobile Barber Shop, Quinnipiac University
CMDX Biopsy, Tulane University
Genius, San Diego State University
Kaleyedos, Johns Hopkins University
Olride Kreasi Digital, Brawijaya University
SpurDeal, University of Waterloo
TSOTARE, Northern Caribbean University
Quarterfinalists
Apex, John Brown University
Bonzeeball, University of Washington
Cleanopy Inc, University of Toronto
COASS, Gadjah Mada University
Collegiate Tutoring, LLC, University of Mississippi
Curiato Inc., University of Waterloo
Edu Techno, International Islamic University Malaysia
Fastibular, University of São Paulo
General Biotechnologies, Harvard University
Gulpzilla, Yangon Institute of Economics
Help Us Green, Symbiosis Institute of Management
Hiki Foods, University of the Pacific
Medcare, Waseda Business School
Miguri Corp., National University of San Marcos
Prestige Gift, CamEd Business School
Prndl, Michigan State University
ScanFactor, Brigham Young University
Upright Kids, University of Wisconsin Oshkosh
Vacus Tech, Maharashtra Institute of Technology - Pune
2017 IBMC At-Large Round Winning Teams Announced
Ash Maurya and Marguerite Gong Hancock will be keynote speakers at the 2017 International Business Model Competition held at the Computer History Museum May 11-12.
Mountain View, California – April 13, 2017
The International Business Model Competition announced April 12 the winners of its At-Large Round with teams from across the globe vying for the top spots.
The 17 teams listed below will compete with 23 winning teams from IBMC-affiliated qualifier competitions for a share of the over $150,000 cash prizes. The international competition will be held May 11-12 at the Computer History Museum in Mountain View, CA, USA, the heart of Silicon Valley.
The International Business Model Competition, founded by BYU in 2010 and cohosted by Harvard, is the first and largest lean startup competition in the world. This unique student competition requires active identification and validation of crucial business model hypotheses rather than the writing of a static business plan, talking to customers outside the building rather than gathering secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or changing course rather than executing on the plan. The IBMC’s primary aim is to educate and inspire smarter and more successful entrepreneurs.
Company, School
AgSpy, University of Wisconsin River Falls
Apex, John Brown University
Bonzeeball, University of Washington
Cleanopy Inc, University of Toronto
CMDX Biopsy, Tulane University
Curiato Inc., University of Waterloo
Edu Techno, International Islamic University Malaysia
General Biotechnologies, Harvard University
GenesisWAY, Northern Caribbean University
Instapath, Tulane University
Kaleyedos, Johns Hopkins University
Miguri Corp., National University of San Marcos
Olride Kreasi Digital, Brawijaya University
Orindi Ventures, Grand Valley State University
Prestige Gift, CamEd Business School
SpurDeal, University of Waterloo
TSOTARE, Northern Caribbean University
The International Business Model Competition announced April 12 the winners of its At-Large Round with teams from across the globe vying for the top spots.
The 17 teams listed below will compete with 23 winning teams from IBMC-affiliated qualifier competitions for a share of the over $150,000 cash prizes. The international competition will be held May 11-12 at the Computer History Museum in Mountain View, CA, USA, the heart of Silicon Valley.
The International Business Model Competition, founded by BYU in 2010 and cohosted by Harvard, is the first and largest lean startup competition in the world. This unique student competition requires active identification and validation of crucial business model hypotheses rather than the writing of a static business plan, talking to customers outside the building rather than gathering secondary data inside the building, applying customer development rather than relying on product development, and “pivoting” or changing course rather than executing on the plan. The IBMC’s primary aim is to educate and inspire smarter and more successful entrepreneurs.
Company, School
AgSpy, University of Wisconsin River Falls
Apex, John Brown University
Bonzeeball, University of Washington
Cleanopy Inc, University of Toronto
CMDX Biopsy, Tulane University
Curiato Inc., University of Waterloo
Edu Techno, International Islamic University Malaysia
General Biotechnologies, Harvard University
GenesisWAY, Northern Caribbean University
Instapath, Tulane University
Kaleyedos, Johns Hopkins University
Miguri Corp., National University of San Marcos
Olride Kreasi Digital, Brawijaya University
Orindi Ventures, Grand Valley State University
Prestige Gift, CamEd Business School
SpurDeal, University of Waterloo
TSOTARE, Northern Caribbean University
Student Entrepreneurs Win Big at International Business Model Competition
Matt Rooda, president and CEO of SwineTech from University of Iowa, presents at the 2016 IBMC Final Event.
Redmond, Washington – May 11, 2016
The International Business Model Competition is the first and largest lean startup competition in the world. But who’s thinking lean when they can bring home the bacon?
Student entrepreneurs faced off for almost $150,000 in prize money at the competition, which was founded by Brigham Young University’s Rollins Center for Entrepreneurship and Technology and hosted by Microsoft Ventures on Microsoft's sprawling campus in Redmond, Wash.
Making it to Washington wasn’t easy. More than 5,000 teams from nearly 500 schools in five continents participated in affiliated competitions. However, only 41 were invited to participate in the final event, where students presented their business models and received training from some of the world’s top business leaders.
SwineTech, a student startup from University of Iowa, took home first place and $30,000 after wowing the judges with its presentation and product, Echo. Echo helps pig farmers reduce piglet crushing, a major cause of piglet mortality, and gives a real-time health analysis to help save piglets’ lives. The product detects when a piglet is being laid on by its mother and communicates to a belt-like structure — similar to a Fitbit — on the mother, which alerts her to stand up.
“This is huge win for my team and me,” says Matthew Rooda, president and CEO of SwineTech. “This really shows that, even though we are only 22 and 23 years old, we’ve done a really good job running the company to this point. It’s a good boost of confidence.”
Teams from BYU were close behind, finishing second and third. Second place and $20,000 was awarded to Wavio, a startup that creates and sells a small hands-free, off-grid communication device for outdoor enthusiasts. Third place and $10,000 went to Whistic, a cloud-based platform that provides workflow solutions to challenges surrounding third-party vendor security risk.
Co-hosted by the Rollins Center and Harvard, the IBMC is a unique student startup competition that focuses on the process entrepreneurs use to develop and launch validated products and companies. This year the competition was held in conjunction with the first-ever Lean Startup Thought Leader Conference.
“While most competitions emphasize outputs like business plans, the IMBC is laser-focused on the inputs of the entrepreneurial process,” says Jeff Brown, director for the IBMC and assistant director of the Rollins Center. “Our primary aim is to educate and inspire smarter entrepreneurs, who in turn launch more successful ventures.”
Keynote speakers at the event included entrepreneurial gurus James Whittaker, a distinguished technical evangelist at Microsoft, and Brant Cooper, author of the New York Times best-seller, The Lean Entrepreneur.
IBMC Winners
First Place ($30,000): SwineTech, University of Iowa
Second Place ($20,000): Wavio, Brigham Young University
Third Place ($10,000): Whistic, Brigham Young University
Fourth Place ($6,000): Hewa, Monterrey Institute of Technology
Fifth Place ($5,000): Nisoltus Medical, LLC, Michigan State University
Sixth Place ($4,000): Guardana, Northern Caribbean University
For complete results and information, visit businessmodelcompetition.com.
2016 Final Judges
Alex Osterwalder, author of Business Model Generation and co-founder of Strategyzer
Brant Cooper, author of The Lean Entrepreneur and founder of Moves the Needle
Nathan Furr, author of The Innovator’s Method and co-founder of the IBMC
Paul Ahlstrom, author of Nail It Then Scale It and co-founder of Alta Ventures Mexico
Tim Enger, business manager of Microsoft Ventures
Published by the BYU Marriott School of Management
Media Contact: Chad Little (801) 422-1512
Writer: M'Leah Ricker Manuele
The International Business Model Competition is the first and largest lean startup competition in the world. But who’s thinking lean when they can bring home the bacon?
Student entrepreneurs faced off for almost $150,000 in prize money at the competition, which was founded by Brigham Young University’s Rollins Center for Entrepreneurship and Technology and hosted by Microsoft Ventures on Microsoft's sprawling campus in Redmond, Wash.
Making it to Washington wasn’t easy. More than 5,000 teams from nearly 500 schools in five continents participated in affiliated competitions. However, only 41 were invited to participate in the final event, where students presented their business models and received training from some of the world’s top business leaders.
SwineTech, a student startup from University of Iowa, took home first place and $30,000 after wowing the judges with its presentation and product, Echo. Echo helps pig farmers reduce piglet crushing, a major cause of piglet mortality, and gives a real-time health analysis to help save piglets’ lives. The product detects when a piglet is being laid on by its mother and communicates to a belt-like structure — similar to a Fitbit — on the mother, which alerts her to stand up.
“This is huge win for my team and me,” says Matthew Rooda, president and CEO of SwineTech. “This really shows that, even though we are only 22 and 23 years old, we’ve done a really good job running the company to this point. It’s a good boost of confidence.”
Teams from BYU were close behind, finishing second and third. Second place and $20,000 was awarded to Wavio, a startup that creates and sells a small hands-free, off-grid communication device for outdoor enthusiasts. Third place and $10,000 went to Whistic, a cloud-based platform that provides workflow solutions to challenges surrounding third-party vendor security risk.
Co-hosted by the Rollins Center and Harvard, the IBMC is a unique student startup competition that focuses on the process entrepreneurs use to develop and launch validated products and companies. This year the competition was held in conjunction with the first-ever Lean Startup Thought Leader Conference.
“While most competitions emphasize outputs like business plans, the IMBC is laser-focused on the inputs of the entrepreneurial process,” says Jeff Brown, director for the IBMC and assistant director of the Rollins Center. “Our primary aim is to educate and inspire smarter entrepreneurs, who in turn launch more successful ventures.”
Keynote speakers at the event included entrepreneurial gurus James Whittaker, a distinguished technical evangelist at Microsoft, and Brant Cooper, author of the New York Times best-seller, The Lean Entrepreneur.
IBMC Winners
First Place ($30,000): SwineTech, University of Iowa
Second Place ($20,000): Wavio, Brigham Young University
Third Place ($10,000): Whistic, Brigham Young University
Fourth Place ($6,000): Hewa, Monterrey Institute of Technology
Fifth Place ($5,000): Nisoltus Medical, LLC, Michigan State University
Sixth Place ($4,000): Guardana, Northern Caribbean University
For complete results and information, visit businessmodelcompetition.com.
2016 Final Judges
Alex Osterwalder, author of Business Model Generation and co-founder of Strategyzer
Brant Cooper, author of The Lean Entrepreneur and founder of Moves the Needle
Nathan Furr, author of The Innovator’s Method and co-founder of the IBMC
Paul Ahlstrom, author of Nail It Then Scale It and co-founder of Alta Ventures Mexico
Tim Enger, business manager of Microsoft Ventures
Published by the BYU Marriott School of Management
Media Contact: Chad Little (801) 422-1512
Writer: M'Leah Ricker Manuele
2016 IBMC Participating Teams Announced
Brant Cooper will be a keynote speaker at the 2016 International Business Model Competition hosted on Microsoft campus by Microsoft Ventures April 29-30.
Redmond, Washington – April 27, 2016
We want to thank all of the teams that applied to the 2016 International Business Model Competition. The competition across the world was very competitive and we congratulate the selected teams.
The winning teams who are receiving an invite to participate in the international competition on Microsoft’s campus in Redmond, Washington, USA, on April 29-30 are listed below in alphabetical order.
If your team is not listed below, we hope you learned a lot from being involved in this competition and that you were inspired by the approach to entrepreneurship that it represents. The purpose of this competition is to educate and inspire smarter and more successful entrepreneurs who in turn launch. We wish you all the best as you continue to build your ventures and encourage you to use the scoring and feedback that we will provide to continue validating your businesses.
We want to thank all of the teams that applied to the 2016 International Business Model Competition. The competition across the world was very competitive and we congratulate the selected teams.
The winning teams who are receiving an invite to participate in the international competition on Microsoft’s campus in Redmond, Washington, USA, on April 29-30 are listed below in alphabetical order.
If your team is not listed below, we hope you learned a lot from being involved in this competition and that you were inspired by the approach to entrepreneurship that it represents. The purpose of this competition is to educate and inspire smarter and more successful entrepreneurs who in turn launch. We wish you all the best as you continue to build your ventures and encourage you to use the scoring and feedback that we will provide to continue validating your businesses.
Company (School)
3 Meals (Dalhousie University)
Beetech (Brawijaya University)
BioAesthetics (Tulane University)
Borealis Wind (University of British Columbia)
Brand Hero (Quinnipiac University)
Capacitech Energy (University of Central Florida)
ClickDish (The University of Queensland)
Crickets as Fish Feed (Waseda University)
Dollow (Brigham Young University)
Edemy (Royal University of Phnom Penh)
ExVivo Labs (University of Waterloo)
EZplate (Peruvian Univeristy of Applied Sciences)
Gamezop (Delhi University)
Grizzly (University of Waterloo)
Guardana (Northern Caribbean University)
Hewa (Monterrey Institute of Technology)
Hippy Feet (University of Wisconsin- River Falls)
Information Dental (Brigham Young University)
iOCargo (Monterrey Institute of Technology)
Latitude (Brigham Young University)
locKay (Brawijaya University)
Lumos Energy Strips (Queens University)
Lundí (Harvard Business School)
Mohyi Labs (Michigan State University)
Nisoltus Medical (Tulane University)
Ohm Wearables (University of British Columbia)
ORGANizer (University of Iowa)
Periodiza (Federal University of Sao Carlos)
Prev UPP (Federico Santa Maria Technical University)
Protein Pod (Unversity of Wisconsin-River Falls)
ProTell (Saint Mary's University)
Quench (California Polytechnic State University)
Sangria Sage (Fisk University)
SeeMePly (Saint Mary's University)
Sensytec (University of Houston)
Soteria Solutions (Mumbai University)
Sweelevia (University of the West Indies)
SwineTech (University of Iowa)
Tolkidz (University of Technology, Malaysia)
Wavio (Brigham Young University)
Whistic (Brigham Young University)
3 Meals (Dalhousie University)
Beetech (Brawijaya University)
BioAesthetics (Tulane University)
Borealis Wind (University of British Columbia)
Brand Hero (Quinnipiac University)
Capacitech Energy (University of Central Florida)
ClickDish (The University of Queensland)
Crickets as Fish Feed (Waseda University)
Dollow (Brigham Young University)
Edemy (Royal University of Phnom Penh)
ExVivo Labs (University of Waterloo)
EZplate (Peruvian Univeristy of Applied Sciences)
Gamezop (Delhi University)
Grizzly (University of Waterloo)
Guardana (Northern Caribbean University)
Hewa (Monterrey Institute of Technology)
Hippy Feet (University of Wisconsin- River Falls)
Information Dental (Brigham Young University)
iOCargo (Monterrey Institute of Technology)
Latitude (Brigham Young University)
locKay (Brawijaya University)
Lumos Energy Strips (Queens University)
Lundí (Harvard Business School)
Mohyi Labs (Michigan State University)
Nisoltus Medical (Tulane University)
Ohm Wearables (University of British Columbia)
ORGANizer (University of Iowa)
Periodiza (Federal University of Sao Carlos)
Prev UPP (Federico Santa Maria Technical University)
Protein Pod (Unversity of Wisconsin-River Falls)
ProTell (Saint Mary's University)
Quench (California Polytechnic State University)
Sangria Sage (Fisk University)
SeeMePly (Saint Mary's University)
Sensytec (University of Houston)
Soteria Solutions (Mumbai University)
Sweelevia (University of the West Indies)
SwineTech (University of Iowa)
Tolkidz (University of Technology, Malaysia)
Wavio (Brigham Young University)
Whistic (Brigham Young University)
Kaitek Labs Becomes First Int'l and Woman-Led Team to Win IBMC
Emilia Díaz, founder and CEO of Kaitek Labs, celebrates winning first place at the 2015 International Business Model Competition.
Provo, Utah – May 12, 2015
Kaitek Labs, a student-founded company based in Santiago, Chile, took home more than $30,000 in winnings at the International Business Model Competition held at Brigham Young University. This marks the first time an international team has won first place in the history of the event.
Kaitek Labs impressed the judging panels with its business model for a red tide bacteria detection kit — which changes colors to indicate contamination, similar in use to an at-home pregnancy test. The team represented one of eight countries to participate in this year’s competition.
Emilia Díaz, founder and CEO of Kaitek Labs, was excited for the opportunity to showcase her team’s unique viewpoints.
“Winning the competition helps show that people who are underrepresented in business can integrate new views and ideas,” says Díaz, who became the first woman to lead an IBMC-winning team. “I hope we can continue to grow and inspire all types of entrepreneurs.”
Second place and $20,000 went to REEcycle which reclaims rare earth elements from discarded electronics. Resumazing, a web service that helps job seekers land their dream jobs, took third place and $10,000.
These teams joined top student entrepreneurs from around the globe who gathered to compete at the world’s largest business model competition hoping to win a share of the $155,000 awarded during the two-day event. In addition to the main event, teams were also judged on a two-minute pitch about the most significant pivot their company has made during this year’s inaugural Pivot Pitch Competition.
Co-hosted by BYU’s Rollins Center for Entrepreneurship and Technology and Harvard University, 40 teams were selected from a pool of more than 3,800 teams which participated in IBMC-affiliated competitions in recent months. Since the inception of the IBMC, participation has increased yearly from six universities in 2011 to 276 universities this year.
The IBMC allows young entrepreneurs not only a chance to win crucial funding for their ventures but also an opportunity to gain mentoring advice from some of the top business leaders in the world.
“We hope when students come and take advantage of the mentoring sessions that they will learn how to improve their business models and teach others what they learned,” says Pavel Yurich, IBMC student director.
Top IBMC Winners
First Place ($30,000): Kaitek Labs, Pontifical Catholic University of Chile
Second Place ($20,000): REEcycle, University of Houston
Third Place ($10,000): Resumazing, Rensselaer Polytechnic Institute
Fourth Place ($6,000): SimpleCitizen, Brigham Young University
Fifth Place ($5,000): Afri-Sea, Saint Mary’s University
Sixth Place ($4,000): Saans, Indian Institute of Technology
Pivot Pitch Competition ($1,000 each)
First Place: Resumazing, Rensselaer Polytechnic Institute
Second Place: Awake Labs (Reveal), University of British Columbia
Third Place: Kaitek Labs, Pontifical Catholic University of Chile
Kaitek Labs, a student-founded company based in Santiago, Chile, took home more than $30,000 in winnings at the International Business Model Competition held at Brigham Young University. This marks the first time an international team has won first place in the history of the event.
Kaitek Labs impressed the judging panels with its business model for a red tide bacteria detection kit — which changes colors to indicate contamination, similar in use to an at-home pregnancy test. The team represented one of eight countries to participate in this year’s competition.
Emilia Díaz, founder and CEO of Kaitek Labs, was excited for the opportunity to showcase her team’s unique viewpoints.
“Winning the competition helps show that people who are underrepresented in business can integrate new views and ideas,” says Díaz, who became the first woman to lead an IBMC-winning team. “I hope we can continue to grow and inspire all types of entrepreneurs.”
Second place and $20,000 went to REEcycle which reclaims rare earth elements from discarded electronics. Resumazing, a web service that helps job seekers land their dream jobs, took third place and $10,000.
These teams joined top student entrepreneurs from around the globe who gathered to compete at the world’s largest business model competition hoping to win a share of the $155,000 awarded during the two-day event. In addition to the main event, teams were also judged on a two-minute pitch about the most significant pivot their company has made during this year’s inaugural Pivot Pitch Competition.
Co-hosted by BYU’s Rollins Center for Entrepreneurship and Technology and Harvard University, 40 teams were selected from a pool of more than 3,800 teams which participated in IBMC-affiliated competitions in recent months. Since the inception of the IBMC, participation has increased yearly from six universities in 2011 to 276 universities this year.
The IBMC allows young entrepreneurs not only a chance to win crucial funding for their ventures but also an opportunity to gain mentoring advice from some of the top business leaders in the world.
“We hope when students come and take advantage of the mentoring sessions that they will learn how to improve their business models and teach others what they learned,” says Pavel Yurich, IBMC student director.
Top IBMC Winners
First Place ($30,000): Kaitek Labs, Pontifical Catholic University of Chile
Second Place ($20,000): REEcycle, University of Houston
Third Place ($10,000): Resumazing, Rensselaer Polytechnic Institute
Fourth Place ($6,000): SimpleCitizen, Brigham Young University
Fifth Place ($5,000): Afri-Sea, Saint Mary’s University
Sixth Place ($4,000): Saans, Indian Institute of Technology
Pivot Pitch Competition ($1,000 each)
First Place: Resumazing, Rensselaer Polytechnic Institute
Second Place: Awake Labs (Reveal), University of British Columbia
Third Place: Kaitek Labs, Pontifical Catholic University of Chile
Veritas Medical Crowned Global Champion of 2014 IBMC
Student team Veritas Medical won first place at the IBMC after receiving coaching from practiced entrepreneurs through the Rollins Center. From left: IBMC co-founder Scott Petersen; Veritas Medical’s Martin de la Presa, Nate Rhodes and James Allen; and IBMC student director Ryan Davis.
Provo, Utah – May 05, 2014
The International Business Model Competition wrapped up its 2014 season with an exciting weekend of events May 1-3 in Provo, Utah. Forty student teams from around the world were selected from over 2,500 teams in 200 schools and 20 countries that participated in IBMC-affiliated competitions. Prior to the semi-final round teams were provided two in-depth mentoring sessions to help with their presentations and overall business strategy. The focus on feedback and advisement was a refreshing and valuable asset to the teams.
“The lean startup approach to entrepreneurship is all about feedback and learning and we made an extra effort to focus on that this year,” said Jeff Brown, competition organizer and assistant director at the Rollins Center for Entrepreneurship & Technology at BYU. “All competing teams had the opportunity to meet with at least two mentors that walked through their presentation and helped with business strategy.”
Teams also had the opportunity to visit Vivint and Qualtrics, two successful tech companies in the heart of Utah’s Silicon Slopes, and listen to presentations from Jeff Dyer, the Horace Beesley Professor of Strategy at BYU and co-author of The Innovator’s DNA, and John Richards, Head of Operations for Google Fiber – Provo, Utah, and a former professor of entrepreneurship at BYU. At the end of the busy weekend, Veritas Medical from the University of Utah was crowned global champion and winner of the $25,000 first place prize at the competition’s final event held at the beautiful new Utah Valley Convention Center in downtown Provo.
Below are the other top prize winners from the competition. For a complete list of winners click here.
FINALIST
1st Place - Veritas Medical (University of Utah)
2nd Place - Tympanogen (Tulane University)
3rd Place - VolleyMetrics (Brigham Young University)
4th Place - Swaddle-mi-Bili (Michigan State University)
RUNNER-UP
5th Place - Kiband (Brigham Young University)
6th Place - OneWay (Monterrey Institute of Technology)
HONORABLE MENTION
7th Place - Caydian (Stanford University)
8th Place - Herboo Enterprise* (Northern Caribbean University)
* - International Award Recipient
The International Business Model Competition wrapped up its 2014 season with an exciting weekend of events May 1-3 in Provo, Utah. Forty student teams from around the world were selected from over 2,500 teams in 200 schools and 20 countries that participated in IBMC-affiliated competitions. Prior to the semi-final round teams were provided two in-depth mentoring sessions to help with their presentations and overall business strategy. The focus on feedback and advisement was a refreshing and valuable asset to the teams.
“The lean startup approach to entrepreneurship is all about feedback and learning and we made an extra effort to focus on that this year,” said Jeff Brown, competition organizer and assistant director at the Rollins Center for Entrepreneurship & Technology at BYU. “All competing teams had the opportunity to meet with at least two mentors that walked through their presentation and helped with business strategy.”
Teams also had the opportunity to visit Vivint and Qualtrics, two successful tech companies in the heart of Utah’s Silicon Slopes, and listen to presentations from Jeff Dyer, the Horace Beesley Professor of Strategy at BYU and co-author of The Innovator’s DNA, and John Richards, Head of Operations for Google Fiber – Provo, Utah, and a former professor of entrepreneurship at BYU. At the end of the busy weekend, Veritas Medical from the University of Utah was crowned global champion and winner of the $25,000 first place prize at the competition’s final event held at the beautiful new Utah Valley Convention Center in downtown Provo.
Below are the other top prize winners from the competition. For a complete list of winners click here.
FINALIST
1st Place - Veritas Medical (University of Utah)
2nd Place - Tympanogen (Tulane University)
3rd Place - VolleyMetrics (Brigham Young University)
4th Place - Swaddle-mi-Bili (Michigan State University)
RUNNER-UP
5th Place - Kiband (Brigham Young University)
6th Place - OneWay (Monterrey Institute of Technology)
HONORABLE MENTION
7th Place - Caydian (Stanford University)
8th Place - Herboo Enterprise* (Northern Caribbean University)
* - International Award Recipient
2014 IBMC Semi-Finalist Teams Announced
Provo, Utah – April 22, 2014
Forty-two semi-finalist teams were announced today for the 2014 International Business Model Competition. The field of teams from around the world represent almost 2,000 student teams at 200 schools in 20 countries that have competed at IBMC-affiliated competitions this academic year.
The forty-two teams have been invited to participate in the three day international competition scheduled for May 1-3 in Provo, Utah, USA. Teams will have the opportunity to pitch to and receive feedback from competition-provided mentors, listen to special guest speakers talk on lean startup topics, and go on a field trip to the heart of 'Silicon Slopes' among other exciting opportunities. For a full slate of all the competition's activities check out the schedule of events.
We'll find out soon which one of the teams (listed below in alphabetical order) will walk away with the IBMC trophy, $25,000, and the title of global champion!
Forty-two semi-finalist teams were announced today for the 2014 International Business Model Competition. The field of teams from around the world represent almost 2,000 student teams at 200 schools in 20 countries that have competed at IBMC-affiliated competitions this academic year.
The forty-two teams have been invited to participate in the three day international competition scheduled for May 1-3 in Provo, Utah, USA. Teams will have the opportunity to pitch to and receive feedback from competition-provided mentors, listen to special guest speakers talk on lean startup topics, and go on a field trip to the heart of 'Silicon Slopes' among other exciting opportunities. For a full slate of all the competition's activities check out the schedule of events.
We'll find out soon which one of the teams (listed below in alphabetical order) will walk away with the IBMC trophy, $25,000, and the title of global champion!
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