The second stage of the UVA Entrepreneurship Cup, the Discovery Competition, is all about customer and product development. $25,000 in total prize money will be awarded as part of the Discovery Stage.
The Discovery Competition is based upon the principles of effectuation, a problem solving process that expert entrepreneurs undertake after they have conceived of their idea (Stage I: Concept), but before they invested significant time and money into the project (Stage III: Launch!). By focusing upon the “fit” between customer needs or wants and the project’s product or service, as well as the personal skills, connections and effort students bring to this challenge, this stage of the competition requires students to—and rewards students who—demonstrate that they have taken steps to “de-risk” their idea, perhaps the most crucial step in the startup process.
The top five projects in the Discovery Competition will be awarded $5,000 each, for a total of $25,000 in total awards. Furthermore, these projects will receive additional, in-kind resources in the hopes of helping the projects to the next stage of development.
Friday, February 8, 2019 – Submissions due by 12:00 p.m. Eastern Time (HIGH NOON)
Thursday, February 21, 2019 – Final presentations at 4:30 p.m. in the iLab at UVA
The Finalists and *Award Winners for the 2019 Discovery Competition are:
|BraveX||William Kodama and Dhyey Parikh, Undergraduate School of Engineering and Applied Science '21|
|Clique||Kane Thomas, College of Arts and Sciences '19; Jared Downing, College of Arts and Sciences '18|
|*Flowmaster||Stephen Ramon and Shockley Nunnery, School of Medicine '21; Dr. Brian Fletcher|
|heartbeat||Tomeka Carroll, Graduate School of Engineering and Applied Science '22|
|InternLab||Kate McGinn, McIntire School of Commerce '19; Yash Tekriwal, McIntire School of Commerce '18|
|*MedLock||Rishub Handa and Roy Jad Undergraduate School of Engineering and Applied Science '22; Sahil Parikh, College of Arts and Science '22; Aditya Narayan|
|*MetaCTF||Mariah A. Kenny, Undergraduate School of Engineering and Applied Science '19; Jake Smith and Roman Bohuk, Undergraduate School of Engineering and Applied Science '20; Marina Sanusi, Undergraduate School of Engineering and Applied Science '18|
|Roam||Christian Lessard and Natalie Hunt, College of Arts & Sciences '19; Frayser Wall, College of Arts & Sciences '21;|
|*Single Baked Sweets||Melissa Stefaniak, Darden School of Business '19|
|*Slay||Jade Palomino and Kelly Bonilla, Darden School of Business '20|
|*Trulli||Amanda Joseph and Pat Adams, Darden School of Business '19|
*Award Winners; Single Baked Sweets and MetaCTF tied so each won $2,500; All others received $5,000 each
To view more information about the Discovery Competition, follow the links below: