Discovery Competition

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.

KEY DATES:

Friday, February 7, 2020 – Submissions due by 12:00 p.m. Eastern Time (HIGH NOON)
Thursday, February 13, 2020 – Finalists announced 
Thursday, February 20, 2020 – Final presentations at 4:30 p.m. At the i.Lab, 621 Nash Drive

2020 Discovery Finalists and Award Winners:

Arbitrage
(Award Winner)
Jasmanet Chahal, College of Arts & Sciences Class of 2021; Sai Samayamanthula, College of Arts and Sciences Class of 2021; Mihir Tandon, College of Arts and Sciences Class of 2020; Pramod Grama, College of Arts and Sciences Class of 2021; Elie Bashkow, College of Arts and Sciences Class of 2023; Aditya Sorot, College of Arts and Sciences Class of 2021
BioDE Ben Grant, Undergraduate School of Engineering and Applied Science Class of 2022; Beau Bradley, UVA McIntire School of Commerce Class of 2021; Savana Avilla, Arts & Sciences Class of 2021
Brave Virtual Worlds, LLC William Kodama, Undergraduate School of Engineering and Applied Science Class of 2021; Dhyey Parikh, Undergraduate School of Engineering and Applied Science Class of 2021; Evan Magnusson, Undergraduate School of Engineering and Applied Science Class of 2021
Piaz
(Award Winner)
Saule Kassengaliyeva, Darden School of Business Class of 2020
Qrayt Srikar Gullapalli, Darden School of Business Class of 2020
RevArt
(Award Winner)
Patti Pan, Darden School of Business Class of 2020; Jiacheng Li, Darden School of Business Class of 2020; Michael Le Song, Darden School of Business Class of 2020
SergoMED
(Award Winner)
Vikram Seshadri, Undergraduate School of Engineering and Applied Science Class of 2020; Vincent Sciortino, Undergraduate School of Engineering and Applied Science Class of 2020; Kevin Chang, Undergraduate School of Engineering and Applied Science Class of 2020
Shelf Life Anisha Sharma, Undergraduate School of Engineering and Applied Science Class of 2021; Andrew Wheatley, Undergraduate School of Engineering and Applied Science Class of 2021; Jack Herrmann, Undergraduate School of Engineering and Applied Science Class of 2021
Transfoam Alec Brewer, Undergraduate School of Engineering and Applied Science Class of 2021; Simonne Guenette, College of Arts & Sciences Class of 2022
Vaperize
(Award Winner)
Caitlin Nguyen, College of Arts & Sciences Class of 2023; Allison Nguyen; Lance Han

 

2020 Venture Lab Opportunity for Discovery Winners

The winners of the Discovery Competition will be invited to apply to the 2020 Venture Lab. Teams interested in being considered will receive a request to meet with Jason Brewster, Director of the program, who will gather additional information about interested teams and their projects. 

To view more information about the Discovery Competition, follow the links below: