The Idea Pitch

students participating in the 2024 fall idea pitch

The Idea Pitch

The Idea Pitch Competition

November 22, 2024 | 4:30 - 6 p.m.

Location: Crawford Hall | John S. and Marlene J. Brinzo Center for Entrepreneurship (Room 116)

Reception to follow. Limited spots available - RSVP required to attend!

THE 2024 IDEA PITCH

Eight finalists will pitch their business ideas to a panel of judges. All finalists will win a cash prize.

Meet the Idea Pitch Finalists

Ishwor Acharya - Legacy Webs

Sai Venkata Aravind Bandhanadam - AI-powered job application platform

Olivia Fenneken - Fidget-able, collectable bracelets

Nick Hugar - Boobys Coffee and Tea

Marissa Jackson - Beauticase

Niree Lowe - M1A (Missing in Action)

Bradley Smith - Entrepreneurial podcast

Kay Strahler - WanderLust Remedies

2024 JUDGES

Bill Baumel - Managing Director, Ohio Innovation Fund
Bill Baumel is a seasoned venture capitalist who spent more than 20 years investing in Silicon Valley before returning to his home state to found the Ohio Innovation Fund in 2016. OIF has already returned a majority of the fund, with the most recent exit, the merger of Stirling Ultracold and BioLife Solutions (NASDAQ: BLFS), currently valued at over $2 billion.

Faith Voinovich - Principal, Ohio Innovation Fund
Faith Voinovich serves as a key member of the investment team at Ohio Innovation Fund. She has led investments spun out of top research institutions, assisted companies in raising tens of millions in follow on funding, and served in a variety of board director, board advisor, and board observer roles, including at Invirsa, Clarametyx, Genetesis, DatAnchor, Complion (merged with RealTime CTMS), and Stirling Ultracold (exited to BioLife Solutions, NASDAQ: BLFS). In addition to her investment work, Faith is passionate about making venture capital more accessible, especially to demographics underrepresented across the industry. She's a founding mentor for VentureForward's Mentor Forward program, leads the OIF Student Experience Program (SEP), and serves as a College Coach for Breakthrough New York. Faith received the Rising Star Award from the National Venture Capital Association in 2023.

ABOUT THE IDEA PITCH

Pitch Your Idea for Funding

The Kent State Ambassador Crawford College of Business and Entrepreneurship’s John S. and Marlene J. Brinzo Center for Entrepreneurship is now offering a fall pitch competition for students who have an idea. The CEBIdea competition creates an opportunity for students to receive mentoring and feedback on their business idea, as well as win seed money. Ten finalists pitch to a panel of judges. All finalists will win a cash prize, and the first-place winner will earn a guaranteed spot as Spring Pitch finalist.

Presenting Sponsor:

Ohio Innovation Fund (OIF) is a venture capital firm based in Columbus, Ohio whose member institutions include ��, The Ohio State University and Ohio University. The OIF team has turned ideas into over $10 billion of market value, including several Initial Public Offerings and acquisitions by SAP, Medtronic, Dell, Intuit and Stryker. OIF's companies have been featured in prominent media outlets such as CNN, Forbes and The Wall Street Journal. Many Fortune 500 companies and leading universities are customers of OIF’s portfolio, and their strategic partners include Microsoft, Facebook, Citi and SAP, among others. Combined revenue growth was approximately 100 percent between 2016 and 2017 for OIF’s portfolio.

Bill Baumel oversees all operations of The Ohio Innovation Fund (OIF), a venture capital firm based in Columbus, Ohio. OIF has the largest early-stage venture capital portfolio of Ohio-based companies. Member institutions include ��, The Ohio State University and Ohio University. OIF’s companies have been featured in prominent media such as CNN, Forbes and The Wall Street Journal. Many of the Fortune 500 and leading universities are customers of OIF’s portfolio companies, and their strategic partners include Microsoft, Facebook, Citi, and SAP, among others. Combined revenue growth was approximately 100% between 2016 and 2017 for OIF’s portfolio.

Turning "Bold Ideas" into thriving enterprises is what OIF partners with entrepreneurs to accomplish. One such bold idea was from a diabetic, who each night worried that they might not wake up in the morning because their glucose levels may go too low overnight, and the only diabetic testing was periodic finger pricks. Out of that bold idea came Dexcom and its continuous glucose monitor, which provides a glucose reading to diabetics' mobile devices every five minutes. A great step forward for diabetics, and a company now worth over $10 billion. This could be you!

OIF fosters commercialization efforts at KSU, OSU, and OU through appointments to university's Accelerator Award Committees, sponsoring internship programs, career linkage among member schools’ students/alumni and OIF companies, speaking engagements, mentoring of faculty members, incubating faculty start-ups, and guest course, panel, and business plan competition participation.

With more than twenty years of experience investing in Silicon Valley, and close ties with a significant network of key Silicon Valley leaders, Bill has spent his career investing in venture capital-backed emerging growth companies. Awarded Venture 100 status as one of the top 100 VC’s in the United States, with successful exits via multiple Initial Public Offerings and acquisitions by companies such as Medtronic, Dell, SAP, Intuit, and Stryker. Areas of focus include SaaS, Big Data, Cyber Security, Med Tech, and Advanced Manufacturing. Having served as a CEO, COO and CFO of successful public and private companies, he understands what it takes to build and scale a leading company in a high growth market.

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The Idea Pitch