Congradulations to the EDC Winners!

First prize
Peer Media Inc.

Team Members: Xu Ning, Dimitar Baronov, and Jesse Lock.

Summary: PeerMedia, Inc. is technology entrepreneurial company pioneers in the next generation multimedia content distribution and consumer interaction. Our consumer hardware platform revolutionizes the end-user experience, while our IT platform capitalizes on the technology and user-base to maximize revenue through targeted commercial and content distribution. We are dedicated to the promotion and advancement of the new technology in multimedia content delivery and our goal is to become a major player in the industry.


Second Prize:
A&J Biomedics, Inc.

Team Members: James Flannery, Alec Cerchiari

Summary: The current mission of A&J Biomedics is to develop a revolutionizing technology platform that will promote non-invasive therapies via a product line of medical devices.


Third Prize:
Commonwealth Biomedical

Team Members: Jason Maley, Rahul Vedula, David Rozenberg

Summary: Commonwealth Biomedical's initial product is a neurological shunt monitoring and diagnosis system providing an instant, accurate, and safe diagnosis of shunt malfunctions within a patient's body. Approximately 50% of neurological shunts malfunction within 2 years of initial placement and the diagnosis of problems is costly, time consuming, and often difficult, as 25% of malfunctions do not show up on radiological scans. These problems with diagnosis are eliminated with the creation of a shunt monitoring system that transmits in-vivo data wirelessly from sensors within the shunt to a doctor's computer, instantly identifying where and what problems may have occurred within a suspected malfunctioning shunt. Built upon this product, the goal of Commonwealth Biomedical is to create implantable devices that provide doctors and patients with a better look at the workings of the body, whether it be for use during surgery, diagnosis, or everyday life.


Fourth Prize:
IMAGINE

Team Members: Fabio Malangone, Vivek Ashar, William Stucker.

Summary: Imagine will be a dynamic web application accessible to everyone with an Internet browser; it is an image based search engine. Imagine allows a user to upload an image or a photograph in order to provide a "keyimage", or base image, which is used to compare with other images across the web. Imagine's search engine can then seek media with similar image content. Alongside the search results, advertisements and other related information will be provided to the end user.

Boston University SAGE Entrepreneur Design Contest

The Entrepreneur Design Contest is intended to...

• Encourage entrepreneurship in the college of engineering: By providing incentives for entrepreneurs, SAGE is trying to help and encourage graduate and undergraduate students to consider starting companies based on technology they have been studied and ideas they have developed while pursuing their studies.
• Build ties between the COE and the SMG: The competition is designed to encourage collaboration between students in the College of Engineering and the School of Management. By bringing students from both schools together, teams will have many of the necessary resources for laying the ground work of a small business.
• Bring industry recognition to the COE: Successful entrepreneurship by students from the College of Engineering will add to BU's presence in industry. Such recognition will serve to positively reinforce and attract additional relationships with businesses.

The contest consists of two phases:

Phase 1

In phase one, teams of participants will find a problem with a marketable solution. They will produce a document in which they propose a solution that uses a novel application of new or existing technology for which there is a market need. A convincing proposal will require teams to perform market research to demonstrate the need for a solution and then devise a solution to satisfy this need.

In this phase teams will be evaluated based on how well they demonstrate the market deficiency they are addressing and on how applicable and effective their solution is at addressing that deficiency.

Phase 2:

In phase two, teams will evaluate the feasibility of their proposed solution. The teams will produce a document containing an evaluation of the technical requirements of the solution, addressing the feasibility and practicality of their solution. The teams will also prepare and deliver a presentation to university faculty, venture capitalists, and other businessmen with the objective of convincing the audience that the solution is in fact practical, feasible, and could result in a marketable product.

In this phase teams will be evaluated based on the feasibility of their solution and on their demonstration of intent to create a company based on this solution.

The prize for the competition includes a first prize of $1000, second prize of $500 and two prizes of $250,and the application fee for a provisional patent if the team wishes to attempt to obtain one based on their proposed solution. Additionally, all participants will receive exposure to local venture capitalists, giving each the possibility of receiving funding to create a company based on their proposed solution.

Feedback

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