Thursday, June 18, 2009
MIT Enterprise Forum – Chicago Whiteboard Challenge 2009
Entrepreneurial Innovators Take to the Stage
Part One: The Winners
Tuesday, June 16, 2009
Ten entrepreneurs presented their five-minute pitches in an effort to win the top prize of $3,000 in the MIT Enterprise Forum’s annual Whiteboard Challenge. The top three presenters won $3,000, $1,500, and $500 in prize money from sponsor law firm K&L Gates.
There were about 90 entries this year. A panel from The Big Idea Forum preselected the ten finalists. Last year’s Whiteboard Challenge received entries from approximately 60 entrepreneurs.
The Winner: TiltAlign Therapy for Cerebral Palsy
This year’s winning entrepreneurial idea, as selected by a panel of four judges and a phone-in vote from the crowd, was Northwestern student, James Rein. Rein’s winning concept was called "TiltAlign", a therapy for people with cerebral palsy.
Rein, a Biomedical Engineering student at Northwestern stated that there are 800,000 people with cerebral palsy in the US. One of the symptoms of the disease is that patients have poor motor control and poor perception of where they are in space. Their spine and extremities get tilted from vertical and movement becomes difficult and strenuous.
This symptom of cerebral palsy is generally treated by physical therapy. One of the more common treatments is to teach them to move in a six foot cage, as seen in these videos. Rein pointed that the efficacy of "cage therapy" for cerebral palsy is "just OK" and the cage itself costs five- to six-thousand dollars and is too big to fit in most homes. Thus the patient doesn’t have frequent access to the therapy.
Rein’s TiltAlign concept is to provide a more portable feedback mechanism to provide feedback to patients when they are misaligned. The device he described uses 1) a device with an accelerometer (the electronics that tell when an iPhone or Wii controller is moving), 2) attached to the chest, arms, or legs by a Velcro strap. The controller communicates to 3) a transceiver which controls 4) a device, either a DVD Player or Music, so that music or video instructions pause when the patient becomes misaligned during therapy.
The TiltAlign concept provides rewards for maintaining good habits and provides instant feedback. It can be used at home and the controls would have adjustable sensitivity, customizable for each patient’s needs. He estimated that the cost of each unit would be $200, compared to the thousands for the "therapy cage".
My question, prior to Rein's winning the prize, was to ask why this couldn't be a software solution built on Nintendo's Wii platform?
Second Place: The BFF <3 Necklace
The second-place prize of $1,500 went to Avelo Roy, who presented eMotion’s "BFF ‹3 Necklace". Roy said eMotion’s vision is to serve people who are physically separate and emotionally connected. Roy is also no stranger to entrepreneurial competitions, the eMotion team won $25,000 in November at Entrepreneur Idol, held at Northwestern University.
There are 8 million "tweens", girls between the ages of eight and thirteen. 27% of them participate in online social communities. These girls are three times more likely to be the victims of cyber bullying or pedophiles. eMotion’s product, the $29.99 BFF<3 Necklace gives people a way to add friends in person. Once matched, you can share private messages and communicate via the necklace. CNN.com describes the "BFF ‹3 Necklace" as "a wireless communication device that takes the form of a fashion accessory."
The BFF Necklace is heart shaped and has color LEDs. The units are encoded so that friends who share necklaces can join each other’s networks. They can send messages that are conveyed by coded configurations of the blinking LEDs and they can exchange private messages on the eMotion web site.
The actual use of the BFF Necklace wasn’t clear to many audience members (anecdotally), nor was it clear (to me) how this product could protect from either cyber bullies or pedophiles. However, the company has assembled an impressive board of advisors, is selling an introductory product, and, according to Roy, the site is "becoming a destination" for their target audience.
Third Place: Portion Controlled Dinnerware
The third-place prize went to Thu Nguyen, who brought to the competition a simple, practical entrepreneurial idea: Portion Controlled Dinnerware. "For as long as I can remember, I have been dieting," said Nguyen in her opening.
After many diets, Nguyen was diagnosed as being "pre-diabetic". She was put on a special diet that required counting points – "I had ten choices per day, compared to the twenty to thirty choices I was eating before the diagnosis." She started measuring her portions, especially when eating carbohydrates. This meant that when she dined with friends, she had to take her portions in measuring cups. It was both complicated and stigmatizing.
Nguyen’s entrepreneurial solution to this situation was to conceptualize dinnerware that integrates portion control into the design. The designs on the bowls and plates clearly and artistically identify half-cup and one-cup servings. Nguyen envisioned, on the whiteboard, a wine glass with portion control markings for eight or sixteen ounces, much to the amusement of the audience. Her concept enables portion control to be managed without having to pull out measuring cups.
Food can be attractively served without the extra, potentially embarrassing, step of measuring when serving. Nguyen placed in the competition with a simple solution to a non-obvious, but frequently recurring problem.
Those were the winners. Over the next couple of days, I’ll provide a write-up of the other seven entrepreneur’s presentations from the 2009 MIT Enterprise Forum Whiteboard Challenge.
Labels: bff necklace, chicago networking events, competition, entrepreneurs, innovation, MIT-EF, portion controlled dinnerware, tiltalign
