Investing in New Student Companies at Universities
PennTAP is looking for Penn State undergraduate entrepreneurs from any Penn State campus to compete and eventually earn a spot on “The Investment” TV show for a share of at least $30,000 in funding. The 2019 Inc. U competition submission deadline has now past. Please contact us to learn more about how to compete in the next competition cycle.
Key Competition Dates:
- April 6, 2019 – taping of the Inc.U – “The Investment 2019” TV show
- May 16, 2019 – “The Investment” airs on WPSU-TV
2019 Inc. U Competition – Top 6 Teams
- Clot Not, from Penn State University Park, is a patent pending device that is designed to provide blood clotting prone home recovery patients an option to continue mechanical therapy for stimulating blood flow, thus reducing the need for blood thinner medications.
- CastPak, from Penn State University Park, is a technology company that uses proprietary encoder technology to compress files and allow for high definition streaming of events via a portable and easy to use camera.
- DermatoloMe, from Penn State University Park, is an innovative testing company that aims to identify the optimal antibiotic treatment for patients who suffer from severe chronic acne.
- Purpose Therapy Box, from Penn State Shenango, is a company that provides gift boxes to the elderly that contain Occupational Therapy based products to stimulate an individual’s independence and reduce depression and loneliness.
- Vitable Health, from Penn State University Park, is a health care app and service that provides certified nurse practitioners for house calls to reduce the high cost of ER visits for non-emergency ailments.
- Vytah-Fit, from Penn State Berks, is a weight-lifting fitness company that uses Internet of Things (IoT) sensors and data analysis to improve a user’s technique to increase workout efficiency while avoiding injury.
Inc.U began in 2015 as a pilot program funded by a grant from the Pennsylvania Department of Community and Economic Development. It was originally a collaborative effort between the University of Pittsburgh at Johnstown, Bucknell University, and Penn State to foster undergraduate entrepreneurship. Each of the three university partners worked in their local areas to support and grow programs for this initiative.
Starting in 2016, the Penn State Inc.U competition, managed by PennTAP, has evolved to become a Penn State program partially funded by a five-year grant from the U.S. Economic Development Administration (USEDA) in partnership with Invent Penn State and their entrepreneurial assistance centers. Part of the USEDA grant funds the development of “The Investment,” a student competition where Penn State student start-ups go head-to-head to win significant investment dollars for their companies.