Centers | Texas Venture Labs

2012 Texas Competition

Retail Intelligence Company eyeQ Wins Texas Venture Labs Investment Competition

February 20, 2012 - As Big Data continues to make headlines in the business world, perhaps it's no surprise that a duo hoping to capitalize on the trend took home top honors at the 2012 Texas Venture Labs Investment Competition (VLIC) finals Feb. 15.

Texas Venture Labs Investment CompetitionClass of 2012 Texas Executive MBA students Harish Jayakumar and Michael Garel's business plan for their company, eyeQ, beat out 15 other teams. The win earns them a spot in the Global VLIC, held May 2-5 on the UT campus.

"eyeQ provides retailers the ability to monitor consumer purchasing behavior, generate retail business intelligence, and influence consumer purchasing at the shelf," explains the team's bio. "Our solution utilizes algorithms based on video analytics to create consumer data for the retailer and provide the customer with a content rich buying experience."  

VLIC simulates the process of raising venture capital. Judges function as an investment group seeking to reach consensus on the business venture they would most likely fund. The judges base their decision on the quality of the idea, the strength of the management team, and the clarity and persuasiveness of the written plan and oral presentation.

Judges for the finals were Texas VLIC alumni who have gone on to pursue their ventures after graduation: Jeff Harbach, Central Texas Angel Network; Hassan Johnson, ThaTrunk; Sangram Kadam, Ordoro; Aaron Lyons, Urban Dish; Jay Manickam, uShip; Brett Newswanger, Xeris Pharmaceuticals; and Robert Reeves, Austin Technology Incubator.

 

2012 Teams

Finals - February 15, 2012

Embarkly - the Orbitz.com for the pet boarding industry.  We help pet owners make reservations at pet boarding facilities. Travis Skelly, MBA 2012

eyeQ - provides retailers the ability to monitor consumer purchasing behavior, generate retail business intelligence and influence consumer purchasing at the shelf.  Our solution utilizes algorithms based on video analytics to create consumer data for the retailer and provide the customer with a content rich buying experience.   Michael Garel, MBA 2012; Harish Jayakumar, MBA 2012 

Athena Laboratories - a medical device company providing a patented laser technology to physicians.  The laser will be sold under the name FemtoSmooth™ and will be used to treat cellulite in a minimally invasive manner.  The treatment differentiates from competing products based on efficacy, shorter duration of treatment and pain.    Ravine Woods, MSTC 2012; Wayne Whitmire, MSTC 2012; Albert Alvarez, MSTC 2012; Wendell Johnson, MSTC 2012;  Wendy Wu, MSTC 2012; Alex Garcia, MSTC 2012 

Simple Invest - For an individual investor, diversification via asset allocation, regular re-balancing and low fees are the best methods to achieve sustained long term returns in financial markets. SimpleInvest is a cloud based automated solution that enables an investor to achieve these goals without the need of an expensive financial advisor.   Rohit Sharma, MBA 2013

Judges

Jeff Harbach, Central Texas Angel Network
Hassan Johnson, ThaTrunk
Sangram Kadam, Orodoro
Aaron Lyons, Urban Dish
Jay Manickam, uShip
Brett Newswanger, Xeris Pharmaceuticals
Robert Reeves, Austin Technology Incubator

Semifinals - February 1, 2012 

Risk in Motion - a provider of advance Commodity and Energy Trading Risk Management software. Its products provide innovative and comprehensive solutions to address the complex commodities value chain and the four key areas of risk: market, operational, counterpart credit and regulatory. Risk in Motion enables transparency into risk measures and analytics and allows organizations to holistically manage and mitigate risk, a requirement to succeed in complex commodity and energy markets.    Lei Ye, TEMBA MBA 2011

TraK Solutions - For wireless telecom carriers that have informational needs and high interactional costs between carriers and service providers, TraK Solutions, a SaaS web and mobile portal with access to unique telecom industry specifics database, provides instant access, project management and collaboration tools to parties involved in delivering large scale telecommunications network projects.  Karin Williams, MSTC 2012; Ricky Blair, MSTC 2012; Carlos Chen, MSTC 2012; Toni Miranda Aranda, MSTC 2012;Steve Beacham, MSTC 2012; Michelle Taylor, MSTC 2012.

Escapaide - provides customized leisure itineraries via web and mobile device for international business travelers based on their unique situation (preferences, travel plans, location, time available, etc.).   Andrew Allen, MBA 2012; Harsh Gupta, MBA 2012; Gui Sessa, MBA 2012;  Aniket Srivastava, MBA 2012 

FairMarkets - will provide a web platform for customers to get the best possible package at any specific time by making suppliers compete with each other in a reverse auction model. It will initially concentrate in the new car market where products are very standard but customers get different prices from different dealers with a lot of room for haggling. In other words, our platform will help customers capture that hidden value under the haggling process.  Rajesh Jangareddy, TEMBA MBA 2012; Brian Hopkins, TEMBA MBA 2012; Sofia O’Malley, TEMBA MBA 2012

Connectiva Mobile - Introducing GlucoseAlert, the world’s first connected glucose meter, providing peace of mind for the parents of diabetic children and caregivers of elderly diabetic loved ones.  Powered by the Cloud, this device can send patient data (including GPS location and blood sugar readings) and will alert caregivers by text and/or email message as dictated by the patient or their legal guardians. Chris Jones, MBA 2012; Salvador Mandujano, MBA 2012

PACT - an education service company with a primary focus in online professional development for classroom teachers. PACT is positioned to deliver high quality, subject expert developed training materials to school districts and individual teachers. Our goal is to improve the teacher’s daily experience, thereby improving the quality of education.   John Pruett, MSTC 2012

GoodsWorth - Under our proposed business model, buyers list what they want to buy. Sellers can see what the going market prices are for goods they own and decide if they would like to sell. Based on this information, sellers will realize that what they own has value. GoodsWorth will track historical selling prices of goods, helping original purchasers and secondary owners understand the depreciation curve of their items. We will facilitate these interactions via social platforms like Facebook.  Ben Pruden, MBA 2012; Josh Gladding, MBA 2012; Ryan Black, MBA 2012

Green Monster - will develop tools to enable realtors to provide their clients with accurate, simplified and easy-to-compare information regarding the true cost of home ownership. The software will incorporate home energy performance as well as energy usage habits to predict a home buyer’s actual energy expenditures in their new home.  Eric Fehr, MBA 2012; Jessica Filante, MBA 2012; Paul Pine, MBA 2012   
  
VecturaLux - Accelerating demand for streaming video and cloud computing has left a wide gap between the capabilities of existing fiber optic technology and what high speed networks need today. VecturaLux has bridged that gap with Paralux; a communication chip that brings up to 40x bandwidth or 10x distance to fiber networks.   Matt Clayton, MBA 2012; Kumar Appaiah, PhD Electrical Engineering

Chorus - a cloud based social application that allows virtual teams to collaborate and manage their workflow.   Nilesh Bagad, MBA 2012; Dave Bhattacharjee, MBA 2012

Simple Invest - For an individual investor, diversification via asset allocation, regular re-balancing and low fees are the best methods to achieve sustained long term returns in financial markets. SimpleInvest is a cloud based automated solution that enables an investor to achieve these goals without the need of an expensive financial advisor.    Rohit Sharma, MBA 2013

Quorum -
an online commerce company focused on group purchases directly from manufacturers, cutting out retailers and minimizing inventory while saving customers money.  Adam Guerra, MBA 2013; Anne York, MBA 2013 

BioReplicon - plans to develop a commercial version of Sepsis diagnostic test based on its proprietary universal bacteria MDx test technology and license the IP to key current players in the IVD industry. Bio-Replicon holds exclusive rights to a patent pending MDx technology capable of detecting a full range of pathogen bacteria and identifying their specific types within four hours.  Matthew Lee, MSTC 2012; Vinod Boopalan, MSTC 2012; Jason Clark, MSTC 2012; Leonid Kurza, MSTC 2012; Nelson Leung, MSTC 2012

Judges

Greg Greeson, Industrial Designer/Entrepreneur
Jonathan Kaplan, DLA Piper
Casey Leaman, Escalade
Richard Piotrowski, Outram Capital
Marc Yagjian, Origin Partners
Isaac Barchas, Austin Technology Incubator
TJ Harais, AMD
JT Keating, Entrepreneur
Dick Moeller, Enovate Enterprises 
Glenn Reinus, Reinus Strategy Partners
Chris Eckerman, Covera Ventures
Toney Jennings, CoreTrace Corporation
Michael Kentor, The Kentor Company
Mark Murdock, Attorney
Steve Sigler, Thirdwave Partners
Jim Farrell, Phunware
Walter Kalmans, Lontra Ventures
Tim Klitch, Comerica Bank
Pat Noonan, Austin Ventures
Van Williams, Vosk Energy


Page last updated: 10/25/2012