Virginia Tech Team Registration Open – Win Up to $40,000

Virginia Tech students are invited to develop their entrepreneurship ideas, enhance their understanding of a successful business venture, and showcase their creativity at the ninth annual Global Entrepreneurship Challenge Semifinals.

Global Entrepreneurship Challenge Semifinals

Students compete to earn $15,000 in scholarships and eligibility for the VT KnowledgeWorks Global Student Entrepreneurship Challenge finals next August, where student teams from around the world compete for the $25,000 grand prize. All participants must be full-time students at Virginia Tech, and the average age of the team must be less than 28.

To enter, submit a 1-page summary of your business concept by February 10, 2017, at www.vtknowledgeworks.com. A panel of faculty and local entrepreneurial business leaders choose semifinalists to then submit a 3-5 page business concept document by March 3, 2017.

Finalists are chosen by a panel of local entrepreneurial business leaders and investors. VT KnowledgeWorks assists the finalists in the preparation of their presentations. Finalists present their business concepts at the Global Entrepreneurship Challenge Semifinals on April 12, 2017, at The Inn at Virginia Tech and Skelton Conference Center. The Global Entrepreneurship Challenge Semifinals contestant registration deadline is February 10, 2017.

Businesses can get details about advertising during this event by contacting Christine Spalding at 540-443-9100 ext. 3 or via email at christine.spalding@vtknowledgeworks.com.

VT KnowledgeWorks wants to thank our generous sponsors of the Global Entrepreneurship Challenge Semifinals including Plastics One Inc. and Virginia Tech Pamplin College of Business.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

ACC InVenture Prize @ Virginia Tech Winner Announced

The winning team of the second annual ACC InVenture Prize @ Virginia Tech competition was selected on November 2, 2016, by a panel of local business leaders at The Inn at Virginia Tech and Skelton Conference Center, Blacksburg, Virginia. The ACC InVenture Prize is an innovation competition in which teams of undergraduates representing each ACC university pitch their inventions or businesses before a live audience and a panel of judges.

 

Tech Wound Solutions Winner in the ACC Inventure Prize @ Virginia Tech

Tech Wound Solutions winner in the 2016 ACC Inventure Prize @ Virginia Tech

Tech Wound Solutions, which included team members Juliana Downey, Tucker King, Kimberly Wyluda, and Elisabeth Rebholz, will advance to the ACC InVenture Prize competition at Georgia Tech in Atlanta, Georgia, on March 30 and 31, 2017, where they will deliver a 3-minute pitch before a live television audience to compete against other ACC universities for $30,000 in prizes. Tech Wound Solutions aims to bring better health care to patients with chronic wounds by implementing an innovative solution. This new form of treatment involves reforming the way you look at active care.

Tech Wound Solutions will also compete against Virginia Tech finalist student teams on April 12, 2017, at the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals for the chance to win one of three scholarship prizes, including the Plastics One Advanced Manufacturing Award of $5,000 for the most outstanding tangible product, the $5,000 VT KnowledgeWorks Information Technology Award for the most outstanding intangible product or service, and the $5,000 People’s Choice Award, sponsored by the Virginia Tech Pamplin College of Business. One of the two teams that receive the Advanced Manufacturing or Information Technology awards will earn the grand prize and receive an additional $10,000 in scholarship assistance, as well as the opportunity to compete on a world stage in the $25,000 VT KnowledgeWorks Global Student Entrepreneurship Challenge next August.

To read more about all finalists of the ACC InVenture Prize @ Virginia Tech, go to http://www.insidevtknowledgeworks.com/2016/10/acc-inventure-prize-virginia-tech-finalists-announced.html.

Tickets to the Global Entrepreneurship Challenge Semifinals are free and include access to the student presentations, networking reception, and awards ceremony. Register online at http://www.vtknowledgeworks.com/gecsemifinals/2017/registration.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

Announcing the 2017 VTKW Global Challenge Virtual Preliminary

VT KnowledgeWorks presents the third annual Global Challenge Virtual Preliminary, where university teams from anywhere outside the U.S. have the opportunity to test the strategic essence of their business concept for a chance to compete on a world stage next August at the VT KnowledgeWorks Global Student Entrepreneurship Challenge.  The Virtual Preliminary celebrates the energy and creativity of university students and their important contributions to the global economy, while encouraging them to develop their entrepreneurial ideas.

VT KnowledgeWorks Global Partnership

Preliminary contestants compete to earn up to $5,000 in air travel reimbursement to attend the VT KnowledgeWorks Global Student Entrepreneurship Challenge finals, August 17-26, 2017.  The August finals begins with a two-day trip to Washington D.C., where student teams will sightsee at museums and monuments, participate in private tours, and enjoy celebratory meals.  The group then travels to Roanoke and Blacksburg, Virginia, August 19-26, where the winning team of the Virtual Preliminary will compete against other student teams from around the world for the $25,000 grand prize and VT KnowledgeWorks trophy.  During this week-long celebration of entrepreneurship in the Roanoke-Blacksburg region, students are housed with local families, spend interactive time with successful technology companies, and enjoy fellowship with each other and with Virginia Tech students during festive meals and social gatherings.

For more information on the eligibility requirements, rules, and guidelines for the preliminary, go to http://www.vtkwglobal.com/2017/prelim.  The first deadline requires institutions to submit an “intent to support” online registration by midnight EDT of March 3, 2017, committing that at least one student team from their university will participate in the Global Challenge Virtual Preliminary.  Registration is free. After submissions are received, institutions will receive an electronic participation package of helpful resources to help teams maximize their chances of winning. Student teams will then submit a one-page summary of the business concept by following the one-page submission guidelines by midnight EDT of March 31, 2017.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

Keep in the know about VT KnowledgeWorks through Twitter, Facebook, and LinkedIn.

VT KnowledgeWorks

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles, access to timely, relevant information, and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

ACC InVenture Prize @ Virginia Tech Finalists Announced

VT KnowledgeWorks is pleased to announce the finalist teams chosen to present their business concepts at the second annual ACC InVenture Prize @ Virginia Tech competition taking place on Wednesday, November 2, 2016, at 4:00 p.m. at The Inn at Virginia Tech and Skelton Conference Center, Blacksburg, Virginia.

acc inventure @ virginia tech competition

The ACC InVenture Prize is an innovation competition in which teams of undergraduates representing each ACC university pitch their inventions or businesses before a live audience and a panel of judges. Teams will compete for $30,000 in prizes and a chance to be the next ACCIP winner. Virginia Tech teams will deliver a 3-minute pitch in Blacksburg on November 2, and the winning team will represent Virginia Tech at the ACC InVenture Prize competition in Atlanta in March 2017, broadcast live on television and streamed online.

The five Virginia Tech student teams competing for the grand prize include:

  • BioactiVT (Andy Cohen, Ahmad Edrees, Angad Verma, David Hall, Eddie Krutyanskiy, Elan Ahronovich, Eryney Marrogi, Ethan Hodges, Gavin Vess, Gina Muan, Harrison Lavery, Jay Pennington, Kevin Dennis, Lan Le, Lucy Epshteyn, Mishu Barua, Sarah Adam, Sarah Sandquist, Skyler Grunberg, and Travis Swann): Tempo is a solar-powered pulse oximeter designed to improve medical monitoring in low-resource settings such as developing regions.
  • DESA (Anusha Kumar, Srikar Manjuluri, Alyssa Bushhouse, Stephen Lynn, Loukas Valaes, Jonathan Briganti, and Brian Elliott): DESA is a platform application for smart devices, tablets, and computers that houses multiple modules to assess mental well-being and securely integrates with the existing hospital electronic health records.
  • Dough 4 Degrees (Danielle Jeffers): Dough 4 Degrees has been teaching students how to earn scholarships and graduate debt-free since January of 2016. We are pivoting to simplify the scholarship process for applicants through a scholarship tracking app. It will make it easier to track your success and communicate with your team of editors, recommenders, and resources.
  • Exercise Experience (David Thames and Noah Miller): Making virtual reality exercising enjoyable and affordable. Using our cheap DIY bike rig, a smartphone, and crowdsourced 360-degree videos collected from our partners and motivated users, users can virtually bike through adventurous trails and exotic locations from the comfort of their home.
  • Tech Wound Solutions (Juliana Downey, Tucker King, Kimberly Wyluda, and Elisabeth Rebholz): Tech Wound Solutions aims to bring better health care to patients with chronic wounds by implementing an innovative solution. This new form of treatment involves reforming the way you look at active care.

Teams that applied for the ACC InVenture Prize @ Virginia Tech competition will also be automatically entered into the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals competition on April 12, 2017, to compete for $15,000 in scholarships, start-up services, and the opportunity to face global contenders on a world stage next summer for the $25,000 VT KnowledgeWorks Global Student Entrepreneurship Challenge Award.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com. VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Allegheny Logistics Group, Automation Creations, Inc., BAE Systems, BB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion Clinic, Celanese, CIT GAP Funds, City of Roanoke, First Bank & Trust Company, G.J. Hopkins, Inc., National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchool, Rackspace, Shentel,SimulTV, SMBW, SunTrust Bank, TechLab, Third Security, Town of Blacksburg,Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., andWordsprint.

VT KnowledgeWorks announces 2nd annual ACC InVenture Prize at Virginia Tech

VT KnowledgeWorks will host its 2nd annual ACC InVenture Prize @ Virginia Tech competition at The Inn at Virginia Tech and Skelton Conference Center in Blacksburg, Virginia, on November 2, 2016.

 

acc inventure @ virginia tech competitionVirginia Tech undergraduate student teams will present their business ideas in a 3-minute pitch to a live audience and panel of judges. The winning team will win transportation and accommodations to compete against other ACC universities in Atlanta on March 31, 2017, at the ACC InVenture Prize competition, a Shark Tank-style pitch competition offering $30,000 in prize money.

Teams that applied for the ACC InVenture Prize @ Virginia Tech competition will also be automatically entered into the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals competition on April 12, 2017, to compete for $15,000 in scholarships, start-up services, and the opportunity to face global contenders on a world stage next summer for the $25,000 VT KnowledgeWorks Global Student Entrepreneurship Challenge Award.

Obtain a free ticket to watch the teams present their pitches on November 2, 2016, at http://www.vtknowledgeworks.com/accinventureprize/2016/registration.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Allegheny Logistics Group, Automation Creations, Inc., BAE Systems, BB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion Clinic, Celanese, CIT GAP Funds, City of Roanoke, First Bank & Trust Company, G.J. Hopkins, Inc., National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchool, Rackspace, Shentel, SimulTV, SMBW, SunTrust Bank, TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

Announcing the Fall 2016 Game Changers Challenge

VTKW Game Changers Challenge
VT KnowledgeWorks is pleased to announce the Game Changers Challenge, an opportunity for one entrepreneur or entrepreneurial team to qualify for a $25,000 “Running Start” loan plus a package of free startup assistance services.  Solid runners-up may also qualify for free startup assistance.

Any aspiring entrepreneur or entrepreneurial team may enter by submitting an application by October 7, 2016.  The challenge is open to all who meet the following criteria:

  • The product or service to be provided by the venture must either be consumed (not simply re-marketed) by another business, or be integrated into a more complex end-product for downstream sale.
  • The targeted buyers must constitute a relatively narrow demographic niche that can be addressed with limited resources.
  • The proposed product or service must powerfully address some widely acknowledged niche need.
  • High leverage must be obtained by the $25,000 (not just the first $25,000 out of a $1M needed for launch, for instance).
  • The entrepreneurial team must be able to fill the technology leadership roles in the proposed venture.
  • The team must be committed to locating business operations in the Virginia Tech Corporate Research Center.
  • Any intellectual property related to the enterprise must be appropriately owned or licensed by the enterprise.

Finalists will be selected by VT KnowledgeWorks staff, and will then be invited to make a 15-minute presentation to the Running Start Committee on their proposed new ventures.  There will be no public events, nor will competing teams be allowed to attend each other’s presentations.  In the absence of a solid applicant, no loan will be made.  This is a qualifying process, not a contest.

Proposals must be submitted in accordance with the guidelines available on the VT KnowledgeWorks website www.vtknowledgeworks.com.  The deadline for the fall 2016 application submissions is October 7, 2016.  Applications should be submitted to info@vtknowledgeworks.com.  The selection committee will review applications and VT KnowledgeWorks will communicate with applicants shortly thereafter.  Awards will be announced in December.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

Keep in the know about VT KnowledgeWorks through Twitter, Facebook, and LinkedIn.

VT KnowledgeWorks

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles, access to timely, relevant information, and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

The Entrepreneurship Option Workshop

VT KnowledgeWorks is hosting The Entrepreneurship Option workshop on Thursday, October 6 at the Virginia Tech Corporate Research Center in the Crescent Conference Room from 1-3:30PM, 2000 Kraft Drive, Blacksburg, Virginia, 24060.

This interactive workshop will help you identify what it takes and what it means to be a true entrepreneur instead of an employee.

entrepreneurship workshop

Who should attend? Anyone considering the launch of a technology-based business.

  • Inventors with exciting technological developments
  • University faculty members with revolutionary research results
  • Web developers with fresh business concepts
  • Career shifters thinking about starting a company

When you should attend? Very early in the planning process.

  • When your business concepts are still forming
  • Before you incorporate, write a business plan or launch a web site
  • Before you spend any significant time or personal money

What you will study…

  • Fundamental Factors that govern startup success
  • Powerful Habits used by many good managers
  • MOXIE and why it matters

And the best part? This event is free.

To register, please visit our website, call us at 540-443-9100 Ext. 3, or email us at info@vtknowledgeworks.com.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

Keep in the know about VT KnowledgeWorks through Twitter, Facebook and LinkedIn.

VT KnowledgeWorks

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters are in Blacksburg, Virginia, USA.

VT KnowledgeWorks Sponsors

Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

Meet the Winners of the 2016 VT KnowledgeWorks Global Student Entrepreneurship Challenge

We’re excited to share with you pictures of the winners of the the Seventh Annual VT KnowledgeWorks Global Partnership Event held on August 11-20, 2016. This unique opportunity gave student teams and faculty from all over the world a chance to collaborate and initiate their personal global networks through learning, socialization, and friendly competition in Blacksburg and Roanoke, Virginia, and Washington, D.C.

The competition winners are:

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Grand Prize Winner ($15,000) and Winner of the Plastics One Advanced Manufacturing Award ($10,000) – $25,000
Pictured left to right: Jordan Klein and David Hall of Virginia Tech, USA

 

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Winner of the VT KnowledgeWorks Information Technology Award – $10,000
Pictured left to right: Dr. Joe Meredith, of the Virginia Tech Corporate Research Center, as well as Jan Schroeder, Tommaso Armstrong, Hartley Pike, Samuel McDonnell, and Monique Potts from the University of Technology, Sydney, Australia.

 

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Winner of the People’s Choice Award – $5,000
Pictured left to right: Rayyan Sorefan, Dr. Karl Markgraf of Virginia Tech’s Outreach & International Affairs, Cesare Dunker, and Marcus Wright of the University of Kent, England, as well as Dr. Joe Meredith of the Virginia Tech Corporate Research Center.

To learn more about the VT KnowledgeWorks Global Student Entrepreneurship Challenge, visit our website at www.vtkwglobal.com. To view a list of all participating University Partners from around the world, go to http://www.vtkwglobal.com/2016/partners.

These generous sponsors make this very special week of education, competition, relaxation, and relationship-building possible: Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

For a complete list of other contributors of the VT KnowledgeWorks Global Partnership Event, please visit our website at http://www.vtkwglobal.com/2016/contributors.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

Winners Announced – VTKW Global Student Entrepreneurship Challenge

The Seventh Annual VT KnowledgeWorks Global Partnership Event held on August 11-20, 2016, provided a unique opportunity for student teams and faculty from all over the world a chance to collaborate and initiate their personal global networks through learning, socialization, and friendly competition in Blacksburg and Roanoke, Virginia, and Washington, D.C.

During this celebration of entrepreneurship, student teams from Australia, Austria, Belgium, Chile, Ecuador, Egypt, England, Germany, Italy, Jamaica, Mexico, Switzerland, Thailand, and the USA competed in the Global Student Entrepreneurship Challenge for a $25,000 grand prize and the VT KnowledgeWorks Global Challenge Trophy.

The grand prize of $25,000 was awarded to Park and Diamond, Inc. of Virginia Tech, USA, which included Jordan Klein and David Hall. Their prize package included the $10,000 Plastics One Advanced Manufacturing Award for the most outstanding tangible product. In addition to that, they were awarded another $15,000; and as a permanent tribute to their success, their name and university will be etched into the base of the Global Challenge Trophy, which will reside at VT KnowledgeWorks in the Virginia Tech Corporate Research Center. Their winning concept was an improved cycling helmet that is ultra portable. Their helmet eliminates bulkiness and the stigma of current bicycle helmets.

The $10,000 VT KnowledgeWorks Information Technology Award for the most outstanding intangible product or service went to Construction Cloud of University of Technology, Sydney, Australia, represented by Hartley Pike, Samuel McDonnell, Tommaso Armstrong, and Jan Schroeder. Construction Cloud lets construction teams function like they have a photographic memory. Construction teams can create a visual timeline of their project from start to finish, keeping all photos and videos stored securely in one place. Accessible by all team members via mobile and web, Construction Cloud saves time, improves team communication and protects companies in disputes. Users have the details remembered for them, so they can get on with building their project on time without headaches. It’s like the Instagram and Dropbox for the construction industry – a photo library stored in the cloud.

The People’s Choice award of $5,000, sponsored by Virginia Tech’s Outreach and International Affairs, was selected by vote of the event attendees at the Global Student Entrepreneurship Challenge. The People’s Choice was awarded to eLog, of University of Kent, England, whose business concept aims to use technology to help displaced people across the world fleeing political persecution and war. Refugees use eLog to map their migration and provide evidence of their journey when applying for asylum as well as family records. This revolutionary application speeds up the integration program, helping to settle refugees into their new home. Cesare Dunker and Rayyan Sorefan presented the concept.

The competition finals at The Inn at Virginia Tech and Skelton Conference Center on August 18, 2016, were part of a celebration of student entrepreneurship and students’ important contributions to the global economy. The day concluded with an awards banquet and flag presentation ceremony at The Inn at Virginia Tech and Skelton Conference Center.

During the rest of their visit to the USA, global teams enjoyed a two-day trip to Washington, D.C., including sightseeing at museums and monuments, and a United States Capitol tour. Teams attended a lunch at the Embassy of Italy and were welcomed by other embassy representatives from their home region, as well as observed a panel discussion on “Globalizing your Business.”

While in Blacksburg, teams were housed by local families, spent interactive time with successful technology companies and enjoyed fellowship with Virginia Tech students. Some of the activities included tours of the Virginia Tech campus, Lane Stadium, Dairy Science Complex – Kentland Farm, and the Moss Arts Center; souvenir shopping experiences in Roanoke and Blacksburg; and festive meals throughout the entire event. The event concluded with a regional audience attending the Tastes and Sounds of the Valleys Reception at The Hotel Roanoke on August 19, 2016, where winning teams were honored and all participants of the Global Partnership Event were recognized.

To learn more about the VT KnowledgeWorks Global Student Entrepreneurship Challenge, visit our website at www.vtkwglobal.com. To view a list of all participating University Partners from around the world, go to http://www.vtkwglobal.com/2016/partners.

These generous sponsors make this very special week of education, competition, relaxation, and relationship-building possible: Allegheny Logistics GroupAutomation Creations, Inc., BAE SystemsBB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion ClinicCelaneseCIT GAP Funds, City of Roanoke, First Bank & Trust CompanyG.J. Hopkins, Inc.National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchoolRackspace, Shentel, SimulTV, SMBWSunTrust Bank , TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.

For a complete list of other contributors of the VT KnowledgeWorks Global Partnership Event, please visit our website at http://www.vtkwglobal.com/2016/contributors.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

Registration Opens Virginia Tech’s ACC InVenture Prize

Registration is open for Virginia Tech undergraduate students with a business idea to enter the second annual VT KnowledgeWorks ACC InVenture Prize @ Virginia Tech competition. Selected finalists will deliver their ideas and inventions in a 3-minute pitch at The Inn at Virginia Tech and Skelton Conference Center on November 2, 2016.

ACCinventure2016_logo560

The winning team will receive transportation and accommodations to compete against other ACC universities in Atlanta on March 31, 2017, at the ACC InVenture Prize competition, a Shark Tank-style pitch competition offering $30,000 in prize money.

Teams that apply for the ACC InVenture Prize @ Virginia Tech competition will also be automatically entered into the VT KnowledgeWorks Global Entrepreneurship Challenge Semifinals on April 12, 2017, to compete for $15,000 in scholarships, start-up services, and the opportunity to face global contenders on a world stage next summer for the $25,000 VT KnowledgeWorks Global Student Entrepreneurship Challenge Award.

Student teams must register by September 23, 2016, at http://www.vtknowledgeworks.com/accinventureprize/2016/registration.

Obtain a free ticket to watch the teams present their pitches on November 2, 2016, at http://www.vtknowledgeworks.com/accinventureprize/2016/registration.

For more information contact Jim Flowers, Executive Director of VT KnowledgeWorks, at 540-443-9100, extension 1 or at jim.flowers@vtknowledgeworks.com.

VT KnowledgeWorks encourages and enables creative entrepreneurship world-wide, through innovative curriculum, local business resource centers, and a global network of cooperating regions, all focused on three essential contributors to success: clear understanding of fundamental business principles; access to timely, relevant information; and meaningful personal and corporate relationships. It is a subsidiary of the Virginia Tech Corporate Research Center, supported by the continuing confidence and enthusiasm of its clients, sponsors and friends, both corporate and individual. Its world headquarters is in Blacksburg, Virginia, USA.

VT KnowledgeWorks sponsors include Allegheny Logistics Group, Automation Creations, Inc., BAE Systems, BB&T, The Branch Group, Inc., Brown, Edwards & Company, LLP, Carilion Clinic, Celanese, CIT GAP Funds, City of Roanoke, First Bank & Trust Company, G.J. Hopkins, Inc., National Bank, New River Valley Intellectual Property Law, Plastics One Inc., PowerSchool, Rackspace, Shentel, SimulTV, SMBW, SunTrust Bank, TechLab, Third Security, Town of Blacksburg, Town of Christiansburg, Union Bank & Trust, Virginia Tech Corporate Research Center, Virginia Tech’s Outreach and International Affairs, VPT, Inc., and Wordsprint.