Tag: iventure accelerator

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Week 11!

This week was the final stretch before the week of the Make-a-thon. Class began with Professor Vishal clearing up everything regarding the Make-a-thon. The expectation and resources available during this event were explained. Once Vishal finished up we were given a presentation from social innovation representative Valerie. Valerie introduced to the class an opportunity to continue furthering their innovative ventures, while receiving non dilutive funding. This opportunity is provided by a program called the iVenture Accelerator. Which is a startup incubator. It’s a 10 week summer commitment and a full academic year seminar course. Participants receive $10,000 of funding and stipends throughout the summer. They not only provide this funding but have a pool of resources ranging from experts to additional funding opportunities. I am actually apart of the iVenture Accelerator. They really dive deep and help further your idea. They’ve introduced us to so many useful/helpful people. It’s really like a family. They bring you along and you become apart of this amazing ecosystem.

After Valerie’s presentation we met with Milestone Labs to give them an update of our progress to date. My team and I are team Solstice (team 1) so we went first. The folks at Milestone gave some good feedback and advice. They were delighted with our interviews and direction we’re going in. One thing we didn’t do was provide as much of our product as possible. We still have to do more sketches and ideation around a few key details regarding our product. From this meeting my team and I reconviented to brainstorm, reflect, and conduct a list of materials we need for the actual Make-a-thon. As a team we found this material called hydrophilic rubber, which is usually used in winter tires. We have a meeting with a material science professor to give us even more insight on materials and such. Also I have a professor who is a shoe cobbler on hi own time and he pointed us to a few materials as well. None the less we’re super excited for this event and our more refined product prototype!

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Week 11: Opportunities, Product Design

Opportunities – iVenture Acceleration

This week, the class begins with a guest speaker who came in to talk to us about the iVenture Acceleration program. The program sounds very cool to me. I think the program is very interesting in a way that it supports student startups not only through providing investment capital but also training courses for student startups to learn about how to manage and gather funding as well as expanding the network that students can reach, which I think is the most important for any startups. Without network and opportunities, it is really hard to be successful. I think the program is very interesting. If I do not have an internship during the summer, I would definitely consider this opportunity. However, I am still not sure whether I would be able to get an internship or not by this point yet, so it is really hard for me to make a decision at this point on whether I should find a team and apply for this great opportunity.

Product Design

After listening to the guest speaker’s section, we went on to team discussion about our project and reported our project update to Milestone Labs. From the conversation, we understand the weakness of our team makeup. The fact that we don’t have any design students in our team makes the product design stage more difficult than expected. When we are trying to express our ideas in design, it is hard for us to sketch out the idea and communicate it accurately to the audience.

Due to this weakness, we consulted with the Maker Lab Guru, William, on Friday. With his help, we were able to figure out ways to improve our design of the product. He also helped us to sketch out the shape and design that we might be interested in exploring further on for our prototype.

As the Make-a-thon is coming up in one week, our team needs to get at least the 3D modeling done before the Make-a-thon to be able to keep on track, especially when during the first half of the Make-a-thon, I would be the only one who is at the Make-a-thon. Therefore, it is crucial for us to get things done as early as possible.

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All Final Checks Completed & Anticipation

PREPARATIONS & LOOKING AHEAD

We started this week’s class with Vishal reviewing the Make-a-thon schedule in case any of us were confused or missed the Pre-Night Event. Following that, he introduced us to Valeri, a representative from Social Innovation @ Illinois. Social Innovation @ Illinois is one of our Make-a-thon’s Gold Sponsors and is funding the appearance of our mentors from Milestone Labs during the weekend of the Make-a-thon event.

Valerie also spoke to us about an opportunity to continue our innovative ventures during school while gaining funding and several experts as resources: the iVenture Accelerator. iVenture is a start up incubator that takes the form of a 10 week internship over the summer and a seminar class for a full academic year that allows participants to further develop their startup. The Accelerator provides $10,000 of funding to the startups chosen as well as stipends for its members to stay on campus over the summer. Throughout the internship and the class portion of iVenture, supplies its entrepreneurs with funding, experts, networking opportunities, and more. My teammate, Trevor Sibby, actually went through the iVenture Accelerator with his startup, Nouvo, which I mentioned last week.

THE LAST CHECKPOINT

Once Valerie finished up her presentation, we had time to work in our teams while we, team by team, met with Milestone Labs for a final project update review and advice session. My team, Solestice, went first. During our review with Milestone, we talked through our new thinking for our prototype. While before, we were thinking of using metal spikes for the tread, we have since then moved onto the idea of using a type of material similar to what is used on winter car tires, which have incredible traction for driving on ice and snow, as the main component to our product. While we have also considered a couple other materials, such as a shape memory alloy, we will be meeting with a materials science professor soon to confirm which option would be the best to use for the Make-a-thon event. We had also considered a couple of other attachment methods aside from Velcro, such as snap buttons. Oded from Milestone actually shared a YouTube video with us which has given us another method to consider – one where the user can simply step into the tread. Milestone also pointed us in the direction of considering the whole experience of using the tread, including what happens if the user falls down, whether or not the user has to take the tread on/off when travelling outdoors/indoors, as well as a keeping in mind the wear and tear of shoes. Overall, it was a very productive and positive meeting.

Once we finished up talking to Milestone, Solestice moved onto brainstorming the types of materials we would need at the Makeathon in order to complete our prototypes. We found out that winter tires are made of a material called hydrophilic rubber, so we tried looking around for something similar. However, since none of us are science majors, we struggled a little with reading all the scientific chemical names thrown at us in our search. In the end, we decided to go with trying to use a bicycle tire as a similar material to the winter tire and explaining to the Make-a-thon judges what our ideal product would include. Next, we looked for sites where we can obtain Velcro, straps, and other methods of attaching the tread with the goal of testing these different methods during the Make-a-thon to see which is the easiest for the user to use.

We are all super excited and cannot wait for the Make-a-thon event we will be attending next weekend!