Smartphone-enabled door lock, water purification, pepper-spray bracelet ideas win sixth annual Terp Tank competition
Student company ideas for smart dorm room locks, easier water purification, and pepper-spray bracelets were among those recognized by judges as the most promising new venture plans in the sixth annual Entrepreneurship & Innovation Program’s Terp Tank competition, held online on Monday, May 11, 2020.
This year’s program was held via Zoom and simulcast via Facebook Live. Student teams presented their ideas to a panel of judges for a chance to win cash prizes made possible by sponsors.
Terp Tank is the culminating capstone event of two years of study in the Entrepreneurship and Innovation Program (EIP). For their capstone, second-semester sophomores work in teams to develop a for-profit business plan that achieves bottom-lines of both profitability and social benefit. These projects address the global necessity to develop and implement solutions to critical social and environmental concerns in ways that are technologically viable and economically sustainable.
Winning the “Ready to Launch” Team Presentation Award and $2,500 was LockOUT, a team proposing a new dorm room lock with smartphone-based control to make college campuses safer. Team members included Samantha Amo (Communications) and Lauren Bolger (Materials Science and Engineering). This award recognizes the team with the most compelling plan for a viable business opportunity and sustainable business model. The award was supported by Lockheed Martin.
The Outstanding Presentation award and $1,000 went to Safety With Style, a team proposing a new, pepper spray-enabled bracelet for enhanced personal safety. Team members included Ethan Hwang (Finance), Anjali Kalra (Finance and Marketing), Hannah Vinner (Mechanical Engineering) and David Umansky (Aerospace Engineering). This award is based on a team’s overall concept, content, creativity, clarity and style. The award was supported by the Do Good Institute.
Winning the Most Innovative Idea Award and $1,000 was EcoPrints, a team proposing to recycle plastic pollution into 3-D printing filament. Team members included Madeline Albee (Environmental Science and Policy), Sabrina Eason (Mechanical Engineering) and Pranavi Sayyaparaju (Mechanical Engineering). This award is given to the team with the most innovative solution to address their overall mission. The award was supported by Lockheed Martin.
The “Do Good Now” Social Impact Award and $500 was won by UV Life, a team proposing easy access to safe and reliable drinking water using inexpensive ultraviolet and filter-based purification technologies. Team members included Evan Candey (Mechanical Engineering), Kyle Pichney (Mechanical Engineering) and Zach Wilhelm (Biochemistry). This award is given to the team that clearly defined a large social problem and the social and/or environmental impact of their solution. The award was supported by the Do Good Institute.
Winning the Audience Choice Award and $500 was LocBox, a team proposing a cloud-protected, digital diary platform. Team members included Andy Bae (Mechanical Engineering), William Liu (Computer Science and Finance) and Gloria Ngo (Accounting and Information Systems). This prize is given to the team that receives the greatest number of audience votes. The award was supported by Telesis Partners.
The Outstanding Capstone Entrepreneur Award and $250 went to accounting major Emma Rowe, whose Sip Savior team proposed an online risk-management educational service for college-town bars. This award is presented to a student who is intellectually engaged and highly involved in his or her EIP capstone team. The award was supported by MyFridgeRental.com.
Winning the Outstanding Team Leader Award and $250 was Kyle Pichney (Mechanical Engineering) from the UV Life team. This award recognizes a student who has demonstrated excellent organizational, interpersonal, and communication skills and has played a key role in clearly motivating his or her team over the past semester. The award was supported by MyFridgeRental.com.
Judges for the Terp Tank competition included: Jolene Gurevich, Manager, Mtech Ventures & Chesapeake Bay Seed Capital Fund; Kisha Logan, Manager, Do Good Accelerator, Do Good Institute, University of Maryland; Lindsay Ryan, Venture Development Director, University System of Maryland; Adam VanWagner, Technical Program Manager, Amazon Web Services, and Co-Founder, MyFridgeRental.com; and Chris Van Buiten, Vice President, Sikorsky Innovations, Sikorsky, a Locheed Martin company.
Gold level sponsors for Terp Tank included Lockheed Martin and the Do Good Institute. Black level supporters included University of Maryland Honors College, Maryland Technology Enterprise Institute (Mtech), A. James Clark School of Engineering, and Telesis Partners. Red level sponsors were MyFridgeRental.com and the Academy for Innovation and Entrepreneurship.
May 29, 2020