ASU student startup takes home top prize at ACVC
An Arizona State University student startup won the top prize at the second annual Arizona Collegiate Venture Competition on March 28. Force Impact Technologies took home $10,000 in prize money and secured ASU the Startup Territorial Cup, a perpetual trophy that goes to the winning team’s university each year. Force Impact Technologies integrates technology into sporting equipment to increase awareness of potential injuries.
The Arizona Collegiate Venture Competition (ACVC), sponsored by Hool Coury Law and MAC6, was developed in collaboration with ASU’s Edson Student Entrepreneur Initiative, Northern Arizona University’s NACET LaunchBox and the University of Arizona’s McGuire Entrepreneurship Program. Four select student teams from each university competed in the event, which showcases Arizona’s top student startups, fosters collaboration among the state’s universities and highlights the outstanding entrepreneurship efforts at all three schools.
“We were excited to see the students pitch,” said Kyle McIntosh, co-founder of MAC6. “We love seeing that students from all three schools have been working toward creating some awesome companies and doing amazing things in the world.”
The second place winners, PowerPitch from the UA and Onvard from ASU, received $7,000 each. The third place winners, Duo Kitchenware and SafeSIPP from ASU and NAK from NAU, each received $2,000.
Each team delivered a seven-minute pitch and had seven minutes of Q&A with the ACVC judges. The panel of five judges, which included entrepreneurs, lawyers, and investors, evaluated each team’s pitch on seven criteria: problem and proposed solution, strength of team and advisors, market opportunity, go-to-market strategy, budget, progress made toward launch, and overall quality.
The location of the ACVC rotates. Last year’s inaugural event, then called the Arizona Student Startup Demo Day, was held at ASU. This year the McGuire Center for Entrepreneurship at the UA’s Eller College of Management hosted the event at Crowder Hall on the UA campus.
Visit entrepreneurship.arizona.edu/events/acvc.asp for more information.