Congratulations McGuire New Venture Competition winners, Specteros!

On Friday, April 28, the McGuire Entrepreneurship Program held their annual New Venture Competition. Eighteen student teams pitched their startups to a panel of esteemed judges for the chance to win free hosting, office space, and cash prizes.

Six teams advanced to the competitive final pitch round where they were able to provide the judges more information, elaborating on the traction and validation of their companies, financial plans, and opportunities for growth.

Specteros, an LED grow light manufacturing company, wowed the judges and walked away with cash and prizes valued at $31,300 including the $10,000 grand prize, Microsoft Social Impact Award ($5,000), Connect Coworking Award (valued at $11,600), and StageXchange Award (valued at $4,700).

Winners of the McGuire New Venture Competition, Specteros. Pictured (left to right): Cory Owan, electrical and computer engineering junior; Jonathan Besquin, marketing and entrepreneurship senior; John-Michael Stilb, marketing and entrepreneurship senior; Edward LaVilla, optical engineering doctoral candidate; and Wesley Stiner, Juris Doctor candidate.

Nunami Labs, creators of cutting-edge sensor technologies for self-driving cars, took the $5,000 second place award. Nunami Labs was also a finalist in April’s ASU Innovation Open winning $5,000.

In third place winning a $2,500 cash prize was Pocket Pantry, an app that allows users to watch cooking videos, create shopping lists, and order ingredients for doorstep delivery.

Winners of Startup Tucson’s 2016 Startup Weekend, Pocket Pantry. Pictured (left to right): Robert Johnson, Quinn Miller, Leo Shix, and Matthew Poulton.

As winners of Startup Tucson’s Startup Weekend in September 2016, Pocket Pantry took their business idea to the next level, continuing to develop and perfect their presentation throughout the McGuire Entrepreneurship Program.

Specteros will present at 1 Million Cups on Wednesday, May 10, 2017, 8:00AM – 9:00AM. Come out and congratulate the Specteros team and see what makes them amazing entrepreneurs and innovators!

Congratulations City High Demo Day Winner, ELO!

On Friday, April 21, Startup Tucson and City High School partnered to host the first Demo Day for City High students. Nine student teams competed for the opportunity to advance and pitch their startup idea at SEED SPOT NEXT in Phoenix on May 6, to a crowd of 13,000.

City High Demo Day celebrated the conclusion of City High School’s Social Entrepreneurship course taught by Krista Gypton. The course took students through the entrepreneurial journey where they learned real world lessons about what it takes to solve problems through innovation. Throughout the course, the student teams identified problems in the world, created viable solutions to those problems, and conducted market research to validate their solutions and to generate impact. From this process, the students built their innovative business ideas.

Each team delivered three-minute pitches to a panel of judges, including Aaron Gopp, Founder of Localoop; JP Martin, CEO of Brimstone Media; Becky Pallack, Innovation Team at the Arizona Daily Star; and Justin Williams, Founder and CEO of Startup Tucson.

Taking third place and winning free passports to the TENWEST Festival was SLIP, short for Sustainable Living in Your Pocket that aims to solve the problem of pollution and environmental damage by producing a gamified app for making sustainable improvements to one’s environment.

In second place and also winning passports to TENWEST Festival was N/O, a group of two middle school girls working to change the way we talk about rape by introducing a curriculum around rape culture into middle schools and high schools.

The first place winners of one-on-one coaching with both Startup Tucson and Localoop to perfect their pitches was ELO. ELO’s goal is to solve the problem of language barriers and language learning faced by children and teens whose first language is not English through the creation of an interactive fantasy board game.

The judges surprised two more teams with an additional prize. WAM and Wobblebox will be recommended into S.Y.STEM Coalition’s Junior Shark Tank.

All teams who participated walked away with Startup Tucson t-shirts and will have the chance to pitch to small groups of mentors for opportunities to continue growing their businesses.

Congratulations to all of the teams, and good luck at SEED SPOT NEXT, Team ELO!

Early Stage Investors Converge on Tucson at Southwest Regional Angel Summit

This week Tucson played host to the 5th Annual Southwest Regional Angel Summit.  Organized by Bob Morrison of the Desert Angels and the McGuire Center for Entrepreneurship, the yearly Summit attracts early stage investors from Arizona, California, Utah, and New Mexico as well as from as far away as New York City and Mexico.

Summit organizer Bob Morrison welcomes everyone to the New Venture Expo

Here are some notes from the 2 day event:

  • Day 1: For the first time, an additional day of events were added with a focus on opportunities for investment in and collaboration with Mexico.  Melissa Guz wrote her first article for Startup Tucson News and covered Sunday’s events in some detail.
  • Day 2 kick off:  On Monday morning with a welcome presentations from Sarah Dickey from the Angel Capital Association.  Sarah provided a national update on trends in angel investing.  She made a special note about the success of this event (in it’s 5th year) and recognized the Desert Angels and the leadership of Chairman Curtis Gunn having funded over $6M in across over 20 companies in the last 2 years.  Most all of the funded companies are located in Tucson.
  • Side Cars: Next, Curtis and Jim Goulka of the Arizona Technology Investor Forum discussed “sidecard funds“.  Curtis and the Desert Angels have implemented a sidecar fund here in Tucson.  It allows investors to passively invest in deals by relaying on the collective domain knowledge of the group by taking investments in the sidecar, which in turn invests in certain deals made by members.  This increases engages investors who might not otherwise being investing money due to time limitations or domain expertise and ultimately results in more dollars invested.
  • Tech Transfer: The next session included Nina Ossanna of UA Office of Tech Transfer, Larry Hecker of Hecker and Muehlebach,  and Bob Morrison.  They discussed how discussed how UA OTT works, with a particular focus on supporting UA researchers as they go through the patent and commercialization.  Challenges facing UA commercialization efforts included limited resources resources available to aggressively support the commercialization of UA research.  This issue was further addressed during the lunch session with Dr. Len Jessup, Dean of the UA’s Eller College of Management who is heading UA’s effort to create Tech Launch Arizona.  This is discussed later.
  • Digital World: Chad Lehrman did a special write-up on the session discussing investing in digital, web and mobile app deals.
  • SyndicationBase Horner, Screening Panel Chairman for the Desert Angels and Jim Gouka handled the next session on how different angel groups often use “deal syndication” to partner together, share domain expertise, reduce risk and improve the ability of the groups to provide for  larger investments for portfolio companies. They also discussed the value of Gust (formerly known as AngelSoft), and how it helps with information sharing and due diligence on deals.
  • Tech Launch Arizona: Len Jessup, provided the luncheon keynote and introduced Tech Launch Arizona.  He explained that his past investigation into University technology commercialization processes allowed him to survey the best and worst practices at public research universities like the UA.  Unfortunately, the UA showed up on the “worst” list.  While the UA is among the nations top public universities with nearly $600M per year in research, it has some of the lowest revenues from research commercialization revenues.  The new plan will more closely align the Arizona Center for Innovation, the Office of Technology Transfer, the Office of Corporation Relations and the McGuire Center for Entrepreneurship.  Read more information on TLA here.
  • Angels and VCs: Harry George of Solstice Capital, Tucson’s only Venture Capitalist, discussed the how the VC sector has been shrinking, going from 2500 firms at its peak to only about 500 firms today.  Additionally, fewer firms are doing early stage deals which leaves a significant gap and increases the importance of angel investment.  He also provided 3 pints of advice for entrepreneurs who are raising money:
    • Send out quarterly newsletters to your  investors, share the bad news first. Don’t try to spin it.
    • Create listening culture in your company (in your portfolio companies if you are an investor) so the CEOs learn to take advice effectively.
    • “Get to revenue fast, if not faster” (to paraphrase a quote from Micky Thompson at Post. Bid. Ship, one of Harry’s portfolio companies and an alumnus of the McGuire Center).
  • Potpourri:  This session included a series of short sessions
    • Larry Hecker discussed the JOBS Act which will be signed into law later this week legalizing certain forms of “crowdfunding” for equity deals.  The practice has previously been limited to deals that didn’t involve equity in return for the investment, typically charitable contributions.  He said that there is both good and bad news in the new law, making it easier for companies to raise money and easier to for people to invest in companies, but it comes with lots of concerns about how complicated the process may ultimately be.
    • Chuck Bolotin provided a presentation on how early stage companies are leveraging free resources to save money during tight times. Resource Examples included (1) The Internet, (2) Google and other search engines, (3) Non-vendor content providers, (4) Vendor content providers, (5) The community
    • Emre Toker of Arch Partners, discussed and some of the limitations of Tucson including limited investment capital, imbalance between business school talent and software talent, and too few incubators.  Emre and Joann MacMaster of AZCI then discussed the latest models for both for-profit and non-profit business incubators.
    • Dan Roberts: Provided an update on the efforts of Maverick Angels, a California-based angel group.
  • New Ventures Expo: Finally, the day ended with the McGuire Center’s student teams hosting the New Venture Expo, a rocket pitch and team competition.  The teams created booths and presented their business ideas to angel investor-judges who visited each booth asking critical questions.  See our write-up on the competition for a summary of teams and the contest winners!

A News Journey Begins

Welcome to Startup Tucson News!

In the last several weeks, Startup Tucson has undertaken a quest to build a new, new media organization unlike anything in Tucson before.  Startup Tucson News (STN) is dedicated to setting up shop right at the intersection of innovation, technology, entrepreneurship and design.

We believe there are amazing things happening in our community.   Things were talking about.

We will tell the stories of the amazing people and their creative ideas.  We will share with you our region’s amazing companies and their innovative products.  We will spotlight critical regional projects and important events happening in Tucson.  We will curate, share and archive the stories being told elsewhere that we think you’d want to know about.

Startup Tucson is committed to playing our part in building and strong startup ecosystem and STN is a an important part of that process.  But so are you.  We can’t… well we DON’T WANT to… do this alone.  We want you involved.  Our community and this process is stronger if everyone is engaged in the process.

So get involved.

And if you are interested in becoming a contributor at Startup Tucson, send an email.  The more thoughtful voices, the better off this site and our entire community will be.

We begin this journey in earnest on Tuesday March 6th, 2012 with a full day of coverage of Innovation Day at the UA.   We will be bringing you all sides of this showcase of innovation and entrepreneurship from the campus of the UA.

  • Live blogging
  • Interviews
  • Announcements
  • Photos
  • Video interviews
Stay tuned, we are just getting started!

Building the Next Tucson

Building the Next Tucson

In 2010, Boulder, CO was named “America’s Best Town for Startups”.  Why?

“With the University of Colorado as an anchor and a backyard full of mountains as lifestyle bait, Boulder now has the highest concentration of software engineers per capita in the nation. It’s second only to Silicon Valley in percentage of workers employed in tech, according to the American Electronics Assn. Best-selling author and urban development expert Richard Florida says it has the greatest concentration of the “creative class”—scientists, artists, engineers, and the like—in the U.S.

The university and prestigious research labs such as the National Center for Atmospheric Research and the National Institute of Standards & Technology have long attracted well-educated folks to Boulder.”

Does this sound like any city you might know?

In 2006, David G. Cohen co-founded TechStars.  The idea was simple, but pretty bold – “create a program that would help create a bunch of new startups in Boulder”.

“Our belief was that the mentors–many of whom were experienced entrepreneurs– would engage deeply with the first-time entrepreneurs (the “TechStars”) over the 90-day program to help them get their businesses up and running..”

Then 5 years later, the model Cohen helped build in Boulder has been wildly successful, launching 80 companies, attracting 200 mentors and expanding from Boulder to Boston, Seattle and New York.

So what is the key to success for TechStars and Boulder?  Well, money, for one thing.  TechStars provides $18,000 seed funding to each of the companies accepted into their program.   But money isn’t the only answer.

Each year hundreds of companies from all over the country apply to TechStars and 10 companies per city are accepted into the program.  So the Boulder community benefits from the attraction of nearly $180,000 in startup investments made each year into TechStars companies, many of which move to Boulder.  Young, creative entrepreneurs move there.  They setup shop there.  It was all part of the plan from the beginning.

 “In our best case, we’d help start a bunch of neat new companies. In our worst case, we’d lose all of the money that we invested in the program but we’d end up attracting 20-plus new entrepreneurs to our Boulder community.”

While money is key, it’s not the only thing.  Cohen published an article on his blog, describing a recent discussion he had with a group of entrepreneurs and investors in San Diego, where he shared with them 7 things that really made Boulder work:

“So, I rattled off 7 things to the dinner group to spur discussion:

  • Richard Florida’s work on the Creative Class matters. Please read it. This is now table stakes.
  • I talked about how the real up and coming communities are entrepreneur led. Everyone else’s job is to support the entrepreneurs who are leading. I referenced Tony Hsieh in Las Vegas as a great current example of this.
  • We discussed the idea of a “high quality focal point.” – This is the notion that you need something in your community that engages everyone deeply across the spectrum of first time entrepreneurs, more experienced entrepreneurs, service providers, angels, venture capitalists, students, etc. They have to have something “real” to do together. TechStars provides this for the communities that we’re in. But it can be anything, as long as it drives real activity and energy together and it’s something that’s not shallow.
  • We talked about Brad Feld’s notion of entrepreneurial density. If the best efforts of a town occur in a dense area, you will have more serendipity and excitement around startups a compact area. In Boulder, this is palpable.
  • We talked about what Brad calls “fresh meat” – a constant inflow of new talent. Again, TechStars provides this. But so do universities. The best entrepreneurial communities seem to do this well.
  • We talked about being vocal about your community. I told the folks from San Diego “I can’t hear you!”. Talk about this more, and let the world know about your successes. Again, this has to come from the entrepreneurs (and be amplified by the media).
  • Finally, I said that a community needs visible entry points. Boulder’s new tech meetup and boulder.me web sites are great examples. I love the “ambassadors” part of Boulder.me. Look at the entrepreneurial leaders who have stuck their hand up to say “I’ll show you around here.” Amazing.”

This is a set of recommendations that leaders in Tucson should look at closely.  Startup Tucson and many other people and organizations are having this discussion right now.

At Startup Tucson, we are committed to helping build a robust startup ecosystem here in Tucson.  In the weeks and months ahead, we will be rolling out tools to help create a more connected and informed community.  We are launching Startup Tucson News to cover the startup events and companies from our local community.  We will be launching a collaborative calendaring platform to help inform people of what’s going on in the community.

Please join us.  The first step is to get involved:

To pull this off, we need you, the creatives, developers, designers, inventors, and investors… to show up… speak out…  contribute… create…. and do your part in Building the Next Tucson.

Please share your thoughts with us and each other in the comments section, on our Facebook page, on Twitter or just send send me an email.

Welcome to Curtis Gunn!

Startup Tucson is really excited to have Curtis Gunn join the Startup Tucson Team.  Curtis is a long time Tucsonan and Chairman of the Desert Angels investment group.  He’ll be blogging about interesting startup and angel investing news and content from Tucson, Arizona and around the nation.

Welcome @fastgunn as a blogger and contributor to @startuptucson! He’ll cover #Tucson startups, entrepreneurs and angel investing.

7:00 PM – 23 Jan 12 via web · Embed this Tweet

via Twitter / @startuptucson: Welcome @fastgunn as a blo ….

Join the Startup Tucson Team in 2012!

Launching in 2012, Startup Tucson News (STN) will provide extensive coverage of Tucson’s fast moving technology, innovation and startup scene.

The STN Intern will have the opportunity to interview leading entrepreneurs, investors and creatives, cover key events and report on local startups and established companies.

Qualifications

  • University student (undergraduate or graduate)
  • Interest in entrepreneurship, funding and tech industry
  • Proficient writer with strong attention to detail
  • Self motivated,
  • Provide own computer
  • Familiarity of WordPress or another CMS
  • Active social media user (mainly Facebook and Twitter)
  • Understanding of video editing software (optional)

Responsibilities

  • Work with managing editor to execute content strategy
  • Research companies and individuals
  • Market content through various online channels
  • Categorize archived content to improve site structure
  • Contribute blog content (reports, interviews, updates, etc.)
  • Upload and categorize photos and videos
  • Organize offline content assests

To apply, please send resume to justin@startuptucson.com.

Tucson's First Metrics Driven Start-up Competition!

Lean Startup Machine is a metrics-driven startup competition where teams are taught how to identify key customers and iterate their products through a framework of Lean Startup tools and techniques.

Lean Startup Machine will change the way you view startups forever — for the better.

Over the course of this mind-expanding weekend you will learn strategies applied by successful start-ups like Groupon, FaceBook, Twitter and Zynga.  You’ll also have incredible mentoring from some of the best and brightest lean startup mentors in the world.

To bring Lean Startup Machine to Tucson we need your help.

1) Go visit http://theleanstartupmachine.com/unlock/

2) Select “Tucson, AZ” from the city list

3) Enter your personal details

4) Either pre-purchase a ticket to the event or request a notification when the event launches

We will follow up with you as soon as we have interest to set a date for the event.