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2019

THE FIRST AND LARGEST COMPETITION OF ITS KIND IN THE WORLD 2019 IBMC

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2

Competition Booklet


IBMC Administrators If you have any questions regarding the competition, please contact one of the following IBMC administrators:

Jeff Brown

Austin Heath

DIRECTOR

STUDENT DIRECTOR

jeff.brown@byu.edu 801.367.3936

austin.t.heath@gmail.com 385-505-5815

#IBMC2019 @businessmodelcompetition @intlbmc @internationalbmc @intbmc

2019 IBMC

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Contents

5 6 8 10 12 4

Competition Booklet

Prizes

Schedule

Maps

Speakers & Judges

Judging

13 14

How to Win

Competing Teams


PRIZES

Prizes 1st $40,000 2nd $25,000 3rd $15,000

4th $10,000 5th $8,000 6th-10th $5,000

11th-20th $3,000 Remaining $2,500 Teams

IBMC Champions 2018 BEASC Technologies

Riley Lancelot, Nembhard Bescekia, Smith Jermaine. Muhammad Amina

2017 Instapath

Mei Wang, David Tulman, Pete Lawson, J. Quincy Brown

2016 SwineTech

Mathew Rooda, Abraham Espinoza, David Hensley

2015 Kaitek Labs

Emilia Diaz, Cristobal Aller

2014 Veritas Medical

Nate Rhodes, Martin de la Presa, Mitch Barneck

2013 Owlet Baby Monitors

Kurt Workman, Jordan Monroe, Jacob Colvin, Tanor Hodges, Zach Bomsta, Adam Rogers

2012 XoomPark

Ken Frei

2011 Gamegnat

Zachary Allaun

Northern Caribbean University

Tulane University

University of Iowa Pontifical Catholic University of Chile University of Utah

Brigham Young University Brigham Young University

American University

2019 IBMC

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SCHEDULE

Thursday, May 9 -

THOUGHT LEADER CONFERENCE

8:30-9:15 AM

Shuttle

9:00-9:30 AM

Check-In and Registration

9:30-10:00 AM

Welcome and Orientation

10:00-10:55 AM

Marriott Hotel to BYU Campus

Attendees will check in, receive the IBMC info packet and mingle with other attendees.

Attendees will receive a welcome and orientation about the conference and competition.

Brant Cooper Training - Impact vs. Vanity Metrics

Just like with a startup, managing your innovation program based on vanity metrics can actually kill it before you know what happened. This hands-on skill building class will teach you HOW to establish the specific metrics you should be measuring and with whom you should be sharing them, in order to stay on track. Whether just starting your innovation lab or in the midst of full blown corporate transformation, the metrics you establish directly affect your success or failure.

11:00-11:55 AM

David Bland Training - Testing Business Ideas

12:00-12:30 PM

Lunch

12:30-2:00 PM 2:00-3:45 PM

Based on David’s upcoming book, we’ll cover what types of assumptions you are making in your business idea and how to rapidly test them. You’ll learn how to run experiments that matter, make better business decisions and reduce the cost of failure.

Campus Tour

Attendees will have the opportunity to experience a hands-on tour of BYU’s unique campus.

David Binetti Workshop - Innovation Accounting for Fun and Profit Is it even legal to use the words “Accounting” and “Fun” in the same sentence? Honestly, yes! In this workshop you’ll learn how to track your progress towards Product/Market Fit while answering pesky questions from your financiers and other stakeholders -- in a fun and profitable way.

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4:00-5:45 PM

Ash Maurya Workshop - The Innovator’s Gift

6:00-7:00 PM

Dinner

7:00-7:45 PM

Shuttle

Competition Booklet

Problems not solutions create space for innovation. But when entrepreneurs go looking for problems worth solving they often frame them in terms of their solution which is vulnerable to bias. In this workshop, you’ll learn a new problem framing technique that positions your product as the only viable alternative for your customers — making the competition irrelevant.

BYU Campus to Marriott Hotel


SCHEDULE

Friday, May 10 -

COMPETITION

8:00-8:45 AM

Shuttle

8:30-9:00 AM

Judge Training and Orientation (First Round)

9:10-11:30 AM

First Round

Marriott Hotel to BYU Campus

Teams will be divided into 4 rooms and present for 10 minutes to a panel of judges with up to 3 minutes of Q&A. Teams are encouraged to watch the presentations of other teams in their room.

11:30-12:00 PM

Break and Judge Deliberation

12:00-1:00 PM

Lunch and Quarterfinal Results

12:20-12:50 PM

Judge Training and Orientation (Challenge Round)

1:00-3:00 PM

Challenge Round/Semifinal Round Preparation

2:20-2:50 PM

Judge Training and Orientation (Semifinal Round)

3:00-4:30 PM

Semifinal Round

4:30-5:00 PM

Break and Judge Deliberation

5:00-6:30 PM

Dinner, Keynote Speaker and Semifinal Results

6:45-8:45 PM

Final Event & Awards Ceremony

8:45-9:30 PM

Shuttle

All teams that didn’t advance to the Semifinal Round will be divided into 3 rooms and present for 10 minutes with up to 3 minutes of Q&A. 4 teams will advance to compete in the Semifinal Round. The semifinalist teams will take this time to prepare for the Semifinal Round while the 4 teams from the Challenge Round will present last in the Semifinal Round so they have time to prepare.

Teams will be divided into 4 rooms and present for 10 minutes to a panel of judges with up to 5 minutes of Q&A. Teams are encouraged to watch the presentations of other teams in their room.

Attendees will eat dinner, hear from our keynote speaker (Karmel Larson, CEO and Founder of Momni) and the results of the Semifinal Round will be announced.

The finalists will compete for the title of “Global Champion” and the winner will take home the IBMC traveling trophy as well as the top cash prize. Teams will present for 10 minutes to our allstar judging panel with up to 8 minutes of Q&A.

BYU Campus to Marriott Hotel

2019 IBMC

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MAPS

BYU Campus Map IBMC 2019

BYU Campus Map SHC

SASB LVES

MTC

Expansion

UPB

UNIVERSITY PARKWAY

Earth Science Museum

LOT 19

UNIVERSITY PARKWAY

HCEB

LOT 20

CONF

MSSC

Restricted Parking

MORC

900 EAST

Bldg 30

Bldg 29

Restricted Parking

Bldg 28

Restricted Parking

MCA

450 EAST

MLBM

May

Merrill

Budge

dg Bl

9

MC

CSC

BYU Staff/ Museum Parking

Bldg 25 Bldg 27

MOUNTAINS

CANYON ROAD (150 EAST)

BYU Staff Parking BYUB

Bldg 26

d vi Da

Bldg 15

HL

Hinckley Center

hn Jo

Parking

Bldg 14

CANC

ey kl nc Hi

Ch ip m an

Faculty/ Staff Parking

BYU Faculty Parking

1230 NORTH

Bldg 6

BYU Faculty Parking

Tanner Building

ASB

MOA

Faculty/ Staff Parking

vv

BYU Faculty Parking

Student

JFSB

Center

ROTC

CTB FB

SWKT

ESC MCKB

150 EAST

Security Gate

BNSN

MB

HGB MSRB

LSB

Faculty/ Staff Parking

Competition Booklet

B-66 SNLB

BRWB

900 NORTH

Y MOUNTAIN

JSB

800 NORTH

8

(HQ)

NICB

BRMB

Construction Zones

CB

MARB

VCTR

700 EAST

TCB

EAST CAMPUS DRIVE

HRCB

SFH

TLRB

Disabled Parking

Wikinson

HBLL FOB

CONE

JRCB

TMCB

RB

IPF

Restricted Parking

AGE DRIV E HERIT

HFAC

SAB

Bldg 9

Bldg 7 HHCB

Security Gate

Bldg 10

Bldg 8

Restricted Parking

CARILLON BELL TOWER

er ov St

900 EAST

Ta yl or

Restricted Parking

1430 NORTH


MAPS

Tanner Building Maps First Floor

Second Floor

Third Floor

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SPEAKERS & JUDGES

David Binetti

David Binetti is a six-time entrepreneur, having served on the founding team of companies ranging from consumer (QFN, later Intuit’s Quicken.com), to industrial (Arch Rock, acquired by Cisco Systems), to government (USA.gov (named USA Today’s Site of the Year in 2000), to political (Votizen, acquired by Brigade) — with three stints as Founder/CEO. Currently, David helps larger organizations innovate faster with less risk through Innovation Options, a valuation framework he created that calculates the ROI of Innovation, allowing Finance and Product to speak a common language in achieving a common goal. David received his Bachelors with Highest Honors and University Distinction from UC Berkeley, and his MBA from UCLA, where he received the Deloitte Consulting Award for Top Thesis in his Graduating Class. He resides in San Carlos with his wife and two daughters, and when not enjoying time with them can be found coding, singing, or both.

David J Bland is the Founder & CEO of Precoil, an innovation agency in the San Francisco Bay Area. He advises global corporations and Silicon Valley startups on how to find product market fit using lean startup, design thinking and agile. David has pioneered GE FastWorks with Eric Ries, advised emerging product teams at Adobe and even mentored Toyota on lean startup practices. Prior to Precoil, David was a Principal Advisor at Neo and BigVisible, where he created lean startup services. Before his transition into advising, David spent over 10 years of his career at technology startups.

David Bland Brant Cooper helps organizations big and small innovate. He is the author of the New York Times Bestseller, ​The Lean Entrepreneur​, and the popular “The Entrepreneur’s Guide to Customer Development.” His most recent book project is The Lean Brand, bringing the rigor of lean startup principles to the marketing black box of branding. As a sought after keynote speaker, startup advisor and corporate mentor, Brant travels the globe speaking with entrepreneurs and intrapreneurs, debunking the Myth of the Visionary, teaching Lean Startup and Customer Development principles, and empowering employees to create new value.

Brant Cooper 10

Competition Booklet


SPEAKERS & JUDGES Karmel Larson is a wife, mother, entrepreneur, community leader, blogger and woman of faith. She is an advocate for strengthening families and defending children. She and her husband Brigham are equal partners in raising their 8 children. With a desire to change the world, Karmel worked for many years at the Center for Women and Children in Crisis and as a Spanish speaking social worker for the Provo School District and Utah Child Protective Services. Raised with a family background in real estate and investing, she also became a licensed Realtor in 2008. Her focus shifted to music in 2009, and she and her husband supported their family by founding Brigham Larson Pianos and Utah Piano Conservatory. In March 2017, Karmel learned about the global childcare crisis and soon after launched the Momni caresharing technology to link together all moms everywhere.

Karmel Larson

Ash Maurya

Ash Maurya is the author of two bestselling books “Running Lean” and “Scaling Lean”, and is also the creator of the highly popular one-page business modeling tool “Lean Canvas”. Ash is praised for offering some of the best and most practical advice for entrepreneurs and intrapreneurs all over the world. Driven by the search for better and faster ways for building successful products, Ash has developed a systematic methodology for raising the odds of success built upon Lean Startup, Customer Development, and Bootstrapping techniques. Ash is also a leading business blogger and his posts and advice have been featured in Inc. Magazine, Forbes, and Fortune. He regularly hosts sold out workshops around the world and serves as a mentor to several accelerators including TechStars, MaRS, Capital Factory, and guest lecturers at several universities including MIT, Harvard, and UT Austin. Ash serves on the advisory board of a number of startups, and has consulted to new and established companies.Ash lives in Austin, TX.

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JUDGING

2019 Judging Criteria Each round of the International Business Model Competition is judged using the following questions:

Hypothesis • • •

Did the team use a canvas to identify and track hypotheses? Did the team clearly state their hypotheses? Did the team identify the most crucial hypotheses to test first (the ones that could kill their business)?

Test • •

Did the team design low cost, rapid, but reliable tests of these hypotheses? Did the team conduct the tests in a reliable manner? • •

Number of tests - should be adjusted for industry, product type (web vs physical product), and business type (B2B vs B2C) Quality of tests - interviews are high quality, surveys & focus groups are much lower quality (you don’t know which questions to ask) unless interviews have been conducted first

If appropriate, has the team developed a prototype or minimum viable product (MVP)? Does the team understand the hypotheses they are testing with a prototype or MVP? Is the prototype or MVP appropriate to answer those hypotheses? (We want to reward the testing of hypotheses using prototypes verses the building of products using untested hypotheses.)

Result • • •

Did the team clearly state their insights and learning, how those validated or invalidated a hypothesis, and if that informed any pivots (changes)? If changes were made, was the pivot the team made supported by evidence or did they fail to pivot when the evidence clearly stated it? Does the team have significant evidence that the solution is validated (i.e., letters of intent, purchase contracts, sales, partners, etc.)?

Other •

Is the team solving a significant problem (defined in terms of money or impact)?

NOTE: Because web-based businesses are easier to test, these companies can often pivot faster. Judges are asked to not penalize physical product companies or health-related businesses because they have not pivoted as much or made as many iterations as web-based businesses.

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Competition Booklet


HOW TO WIN

What Winning Teams Do The purpose of the International Business Model Competition is to reward the process entrepreneurs follow to eliminate uncertainty in their businesses. We encourage smart entrepreneurs that identify and test key business hypotheses, seek input from potential customers, and make necessary changes based on what is learned. Remember, this is not a business plan or venture pitch competition!

Tell us your story. If you watch any past winner present, you will see that they start by connecting to the audience through a compelling, but truthful story about their business. In your story, describe the pain you uncovered and how you plan to solve it.

Use a canvas. Start with a blank canvas and step-by-step show your hypotheses , how you tested them, and the results. Demonstrate visually which hypotheses were validated and which were not. Don’t throw all of your information on the canvas at once, walk the judges through your validation in digestible portions.

Describe the validation. Each hypothesis you make has to be accompanied with a test or an activity that aims to prove or disprove your hypotheses. Zoom in close on all of your tests and explain the hard work you did. We want you to justify your decision-making and the course of your business with real data from credible sources.

Highlight the lessons learned. Each test has to lead to the lessons learned and future plan of action. Show what each test taught you, what was validated, what wasn’t, and what hypotheses and tests you made next.

Explain your pivots. Most of you had to pivot or change a portion of your business in response to customer feedback. We want you to justify your pivots with concrete data. Just saying that you made a pivot is not enough. Realizing that your hypothesis is inaccurate is not a weakness, but evidence that you learned something. In conclusion, judges want to see multiple rounds of hypotheses and tests. One or two tests is not enough to show that you thoroughly researched your business idea. It is not possible to walk through the entire canvas in 10 minutes, so focus on the hypotheses and tests that are crucial to your business.

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COMPETING TEAMS

Competing Teams

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Asonus Tech

MIZI

AvoMD

MMtutors

Brainery

Nano Freaks

Careerquo

NEER Agriventures

CCML Formula

Neptune

Comexchain

Origin Innovations Co.

DetectAn

Pantheon Robotics

DigiMatrix

Plugmusix

FlykeArt

PreeLabs Watchdawg

Franklin

Rent Check

Global Sign

RepowerU

Grid It

SnapWire

InfiinityBox

SymMEDtry

Inosightech

The Artemis Company

JA Bio Plastics

The De-Alcoholizer

Kilo Medical Solutions

The Girls Co.

Life Drop

Thrive Smart Systems

Locker Lifestyle

Triciclo Peru

MarijTech

True Adherence

Millions for Medicine

Xermosol

Competition Booklet


COMPETING TEAMS

Asonus Tech University of Iowa The deaf and hard of hearing communities struggle to hear noises in their environment, such as doorbells and fire alarms. To solve this problem, Asonus Tech is developing software on smart devices (e.g. Apple watches, Google OS Wear watches, smartphones) that will notify the user via vibration and light whenever an important noise is heard. Asonus Tech uses the smart device’s microphone as an “extra set of ears” that will listen when the user cannot.

AvoMD Columbia University, SUNY Downstate A pervasive issue in medicine is that 50% of patients don’t receive the standard of care, resulting in wasted spending and medical errors. The explosion of knowledge in medicine is one of the primary causes for this issue - doctors that are already overworked are tasked with staying abreast with the frequent changes to 100 page+ guidelines in their fields. AvoMD’s mission is to arm physicians with curated and personalized segments of the medical guidelines at the point of care. Our solution does this through the means of a conversational user interface, which guides the clinician through the process of diagnosis and treatment. In this way, clinicians can be confident their patients are receiving the latest standard of care. Additionally, the clinical scenarios are designed by independent physicians using our innovative design tool that allows doctors with no programming experience to build modules.

Brainery Quinnipiac University Brainery is a freelance network that connects college students and local businesses. Many college students have a lack of work experience upon graduation and struggle to find jobs. At the same time, there are local small businesses that cannot afford to hire part-time or full-time and need affordable temporary work. We provide students from business, design, tech, and research majors opportunities to assist businesses and receive valuable work experience while doing so.

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COMPETING TEAMS

Careerquo The University of Memphis Careerquo is an on-demand social video platform that provides career discovery sessions by connecting students with their alumni or professionals in any field globally for career guidance and feedback on areas of improvement. It provides additional income to professionals who are willing to help mentor students across different fields/industries. Professionals can also choose to donate their proceeds directly from the platform.

CCML Formula University of Technology, Jamaica There is an agonizing struggle faced by women that have developed a vaginal yeast infection and/or bacterial vaginosis. With this also comes the high chances of reoccurrence. Based on our research we found the main causes of a yeast infection and bacterial vaginosis and this we created CCML formula as the solution. How did we solve the pain? We created an all natural, easy to use and cost effective solution that provides instant relief from scratching. Our solution limits the recurrence of the yeast infection. We want to create awareness of the infection and product so that women can have their over the counter, easy to use treatment on stand by, thus reducing the risk of developing or recurring yeast infection and bacterial vaginosis.

Comexchain Federal University of Santa Catarina The platform that integrates all participants of international business. Comexchain is a collaborative platform that makes use of Blockchain technology to transact international business documents. We allow communication between all the related agents on the chain, promoting efficiency and security. Our goal is to boost the performance of the importer and exporters, offering a greater control and management of their daily information, automating the procedures. We integrate people and aggrgate data, saving agents time and enabling cost reduction.

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Competition Booklet


COMPETING TEAMS

DetectAn Monterrey Institute of Technology and Higher Education We are DetectAn, a medical innovation project, dedicated on translating traditional laboratory blood tests into easier, more accessible tests that can fit right in your hand. We are creating a fast, efficient and disposable screening and diagnostic device that uses saliva instead of blood to detect not only iron deficiency anemia, but also pre-anemic stages. The device also monitors users, giving the results in five minutes. It can be used in any location without the need of a health professional or additional equipment.

DigiMatrix KMD Institute DigiMatrix is a young tech startup specializing in gaming and e-sports. We are incubated by Myanmar Computer Federation and MPT (the largest telecom in Myanmar). Our vision is to lead the digital transformation of the gaming and e-sports ecosystem in Myanmar, one step at a time. Our first step solves a common problem that many gamers in Myanmar face - we cannot use memberships from one e-sports centre to go play at another. So, our solution is the DigiWallet, which is a mobile application platform that will allow gamers to buy membership packages and play at any of our partnered e-sports centres at discounted rates, giving them universal membership using our digital point payment system. In the future, we plan to use the platform and its technology to connect gamers, gaming fans, e-sports centres, e-sports tournament organizers, and advertisers. Our small team has diverse backgrounds in business development, marketing, multimedia creation, and software development. We are also passiomate about gaming and e-sports.

FlykeART Purdue University FlykeART helps airlines to become more efficient and cost-saving while providing passengers with relaxing and enjoyable air travel experiences. Airlines are overspending millions of dollars every year in fuel costs because current airplane food carts are heavy and inefficient. FlykeART introduces a smart airplane food cart that connects to the cabin using Wi-Fi. FlykeART helps airlines to optimize their catering process and reduce their operating costs.

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COMPETING TEAMS

Franklin University of Wisconsin-River Falls Franklin is a smarter and more affordable parking ramp management system designed to minimize the amount of time and effort it takes to manage a parking ramp or garage. It utilizes artificial intelligence, mobile applications, and cloud computing to automate routine tasks that require manpower, such as payment processing, security monitoring, and contract parking renewal. It also gives managing staff the ability to view on site vehicle information, surveillance, and receive automatic alerts triggered by Franklin when it detects any abnormal activities on premises from their mobile devices. More importantly, we made our fee structure friendlier by removing the capital expenditure so our customers only need to pay a low monthly fee rather than entering a lengthy binding contract, or paying a large up-front fee. Finally, a smarter AI-powered ramp manager for everyone.

Global Sign Purdue University Global Sign is an accessibility consulting agency that works with governments, companies, and places of public accommodation to make their digital content deaf/hard of hearing accessible. There is a misconception that closed captioning makes digital content accessible for the deaf, however, for many deaf individuals sign language is their native language, not English. This makes closed captioning difficult to follow for those who are deaf, especially when it comes to accessing educational video content. Global Sign has partnered with educators, non-profits, and respected deaf institutions to develop the golden standard of sign language video translation. Global Sign plans to use this golden standard to help companies, governments, and places of public accommodation to create an environment that fosters diversity and inclusion.

Grid It University of Waterloo Grid It is a bioenergy company, providing training, jobs, and biogas electricity to communities that do not have access to consistent, reliable energy. By training and employing people within the communities we serve, we aim to empower local communities and economies. We have decided to focus our initial work in Colombia, a country we have local connections to, that supports businesses in the green energy sector, and has villages in need of electricity.

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Competition Booklet


COMPETING TEAMS

InfinityBox IIT Kharagpur InfinityBox aims to reduce the 20,000+ tons of plastic waste generated by the online food-delivery industry every month because of it’s single-use plastic packaging. We plan to integrate reusable and sturdier containers in the food delivery value chain, allowing users to return their containers by either returning it to the delivery person when their food is delivered, when they next order food online, or by dumping them in our smart-bins that will be placed in strategic locations across the city. We pick up the containers, clean them, sanitize them, and send them back to the restaurants for the next reuse, thereby establishing a circular economy while creating a profitable business and adding value to all the stakeholders involved.

Inosightech Univerity of Technology Malaysia Inosightech is founded by Abu Hassan. Currently, we are developing a rubber tapping robot. The pain experienced by the rubbers tappers is the tiring work. They have wake up early and rush for the optimum time (3-7am) to obtain the best yield, furthermore, there are about 500 trees per hectare. By the time they are finished, the sun is up, the heat causes the latex to harden therefore, they obtain less yield. Labour cost is also a pain to rubber tappers. Local communities and the younger generation show less interest in this industry and foreign workers cost a lot of money. Besides, raining season and lack of proper skills also cause losses to rubber tappers. As a result, a lot of rubber estate is abandoned. We from Inosightech aim to revolutionize this historical industry with automation and technologies. With the robot installed, their burden will be reduced significantly.

JA Bio Plastics University of the West Indies The accumulation of single-use plastics in the environment causes plastic pollution. This pollution affects land, soil, air and water qualities. Additionally, plastic pollution threatens the lives of everyone, especially our fish and whales who consume these plastics. This has serious negative effects on our ecosystem. Our solution, JA Bio Plastic, is to provide a eco-friendly and biodegradable alternative single-use plastic. JA Bio Plastics degrade naturally in the environment and in water.

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COMPETING TEAMS

Kilo Medical Solutions Virginia Commonwealth University Brise-Solette is a system of films used to mimic a womb like optical environment to improve health of neonates, and reduce stay in the NICU. The films are programmed to adjust light transmittance as a response to various variables, such as vitals, caretaker input, and time. Brise-solette is used as a notification system to reduce care-provider response time, and to generate a supportive light environment with automated light cycling. Light cycling is an important factor that determines how quickly the premature infants can develop healthy organs. Brise-Solette also allows Individual sides of the isolette to be opaque and clear at the same time, allowing caretakers to check on the baby without disturbing the whole light environment.

Life Drop* Monterrey Institute of Technology and Higher Education Life Drop is a non-invasive device that detects variations in the pH balance, which helps in the prevention of fungal infections. According to the Ministry of Health, fungal infections are the third highest cause of mortality for women in Mexico and, according to data from the Ministry of the Interior, affects 75% of women in the world. The product, similar to a feminine towel, contains intelligent spheres that change color before pH variations. Life Drop is a rapid, effective, disposable and very low cost test that leads to better treatment. With a more exact diagnosis, Life Drop brings an effective treatment against potential female fungal infections.

Locker Lifestyle Grand Valley State University I started Locker Lifestyle after having my valuables stolen out of my gym locker. I realized no one should need to worry about their essentials when on the go. I make wearable wrist wallets and pocket headbands to stash small valuables, such as cash, keys, an ID, phone & more. Locker Lifestyle allows you to bring the basics and adventure with confidence!

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Competition Booklet


COMPETING TEAMS

MarijTech Northern Caribbean University MarijTech was created with the purpose of providing innovative biodegradable packaging that uses sustainable raw materials. We believe that businesses and consumers can benefit from high quality, non-toxic food packaging that is great for our health and the environment.

Millions for Medicine Marshall University

Millions for Medicine is a healthcare lottery system designed to relieve the pain of medical debt. Our lottery system sells tickets for $1, which grows the jackpot, and drawings take place monthly. 50% of the overall jackpot goes to an individual struggling to pay his/her medical debt and use towards paying that debt. 45% percent goes to a lucky ticket winner to use at his/her own discretion. 5% goes back to Millions for Medicine to reinvest in the company. Our company offers a win-win for all parties and provides a solution to the major pain of healthcare debt.

MIZI University of Wisconsin-Milwaukee MIZI is oriented around the manufacture and sales of self-cleaning/�easy-to-clean� cosmetics tools, as developed by Izabelle Villafuerte and Michael Kirsanov. Intended to target high-usage audiences such as makeup artists, beauty schools, and production studios, this team seeks to alleviate the pain of maintaining large amounts of cosmetics equipment -- particularly, the time and effort associated with post-usage cleaning and sanitation. The desired end outcome: users save time and effort on their routine using our proposed tools!

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COMPETING TEAMS

MMtutors Myanmar Maritime University MMTutors was founded in October 2017, by three young entrepreneurs having over 16 years of teaching experiences. The entrepreneurs have long witnessed the existence of difficulties, challenges, and inconveniences in Myanmar’s education system, especially getting the right tutor, efficient learning solutions, and impactful progress in education and career development of students. MMTutors has been serving as an online to offline tutoring platform, which helps parents, students, learners and businesses achieve their desired learning objectives by providing quality learning solutions, insightful and inspiring learning materials as well as connecting with professional and suitable tutors, tailored to their needs, learning styles and preferences.

Nano Freaks Kyushu University We foresee a future where fishermen no longer die in accidents while performing their jobs at sea. This is a topic very close to me as my grandfather was a fisherman and sadly, as many others before him, he passed away after falling overboard. Fishermen are always facing the possibility of suffering these kinds of accidents. We have come up with a solution to these problems with Amulet-type IoT device “Yobimori” With our service, the time it takes to start a rescue operation will decrease from a few hours to a few minutes.

NEER Agriventures Institute of Technology, Nirma University, and NIT (Raipur) Agriventures is to set on a journey to solve some of the grass-root problems in India which are still a developing nation. We develop smart technologies to improve precision in agriculture with user-centric design. Being from a technology background our team has great expertise and have come up with various innovations. e-HAL is an automated seed sower and fertilizer dispenser. NEER has been recognized by prominent institutes in India such as EDII, ISRO, IITGN, IITKGP.

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Competition Booklet


COMPETING TEAMS

Neptune Brigham Young University Neptune makes biodegradable plastic that lasts in the environment for 5 days.

Origin Innovations Co. Brigham Young University Origin Innovations Co. is dedicated to helping parents and children develop healthy screen-time habits. We have created Kiri: the screenless smart toy, which was designed to help children learn through active play.

Pantheon Robotics San Diego State Univeristy Pantheon Robotics is making autonomous strawberry-harvesting robots to solve the labor shortage faced by the strawberry industry caused by the decrease in immigration over the past years. The decrease in labor has led to a decrease in the number of strawberry acres despite steady demand. We will provide robots capable of picking and packaging strawberries to assist farm workers and prevent further reduction of strawberry acres.

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COMPETING TEAMS

Plugmusix National University of Engineering Nowadays, 7 of each 10 concerts organized in Peru fail. This is due to multiple factors such as poor choice of artists, location, ticket price, or even marketing channels. Plugmusix is platform that offers ticket sales optimization service for artists, organizers and owners of pubs based on the musical tastes and other preferences of our community members. We also provide detailed information of the people who attend to their concerts in order to optimize their remarketing campaigns and the user experience in future editions.

PreeLabs Watchdawg University of the West Indies, Mona The PreeLabs Watchdawg seeks to provide a solution tailored to help farmers fight the most significant problem hindering the economy for developing nations across the globe - farm theft. To solve this problem, we incorporate an autonomous UAVbased surveillance service that already works with our sensors for our larger farm clients.

RentCheck Tulane University RentCheck is the essential nationwide provider of transparency and security, enabling landlords and residents alike to achieve serenity. We offer an app that saves money, time, and prevents grief by standardizing move-in and move-out inspections and streamlining the security deposit deduction process. RentCheck solutions empower residents to emulate owners in order to maximize the return of their security deposit.

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Competition Booklet


COMPETING TEAMS

RepowerU Brigham Young University RepowerU creates software for College and Universities to connect their Title IX offices to the students they serve, and empower survivors of sexual assault to find their resources, report crime, and heal.

SnapWire University of Illinois at Chicago Remember those slap bracelets that kids use to play with in the 90s? SnapWire works the same way, but it’s a fastener, like zip ties and velcro. Initially we thought that SnapWire would totally replace zip ties and velcro. After talking with 80 potential customers, we figured out that we created a whole new fastener category. So we patented it.

SymMEDtry Johns Hopkins University SymMEDtry aims to reduce the occurence of limb length discrepancy (LLD) following total hip arthroplasty (THA) procedures. During the THA procedure, surgeons are tasked with inserting implants to reinstate function and stability in diseased hip joints. However, it is challenging to ensure that legs are the same length after the procedure. As a result, up to 30% of THA patients experience LLD, resulting in comorbidities including back pain and gait complications. Furthermore, severe cases of LLD lead to revision procedures, which are the leading source of successful litigation against hip replacement surgeons. This accounts for over ten billion dollars in unnecessary annual US healthcare expenditures. When using our innovative technology, surgeons can rapidly obtain quantitative feedback regarding leg length at any point during the THA procedure. Thus, SymMEDtry enables orthopedic surgeons to correct LLD intraoperatively, thereby increasing the number of successful patient outcomes.

2019 IBMC

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COMPETING TEAMS

The Artemis Company The University of Alabama Driven by her own experience with sexual assault, Lauren Gwin has built a business with the mission of changing the way women think about their safety. During each year in the US, women are the victims of more than 4.5 million violent crimes. The self-defense products on the market today can be intimidating and don’t make much sense for the female lifestyle. The Artemis Company, LLC is where style and safety meet, by creating a unique line of women’s jewelry with built in tools that can be used for self-protection. The first line of its kind, these products are only the beginning of a new brand of safety that is tailored specifically for women.

The De-Alcoholizer University of Waterloo Impaired driving kills 4 Canadians, causes 499 crashes, and costs the Canadian taxpayer 56 million dollars every single day. Current Engine Interlock devices prevent the person from driving but only if he has alcohol in his system. I’d like to introduce you to drugless driving: a usb port that connects different 3rd party devices to the car. Before a driver can start the engine, he or she must blow into our designed mouthpiece. His breath is then sent to 3rd party devices to test for various drugs and if tested positive for anything, we prevent the engine from starting. No other product can deal with multiple drugs at the same time.

The Girls Co. Brigham Young University We’re Zoia, Taimi, and Abby; we’re The Girls. We create wearable period-cramp pain alleviation. Despite giant steps in technology and more options than ever for consumers, period pain seems to be stuck in the dark ages--with over 50 million women forced to adjust their lives to accommodate their excruciating cramps. We were shocked to learn about the way periods had been treated throughout time, and we were forced to wonder--why didn’t solutions for period cramps keep the women using them in mind? The Girls Co. belt is a wearable, heated cramp-alleviating belt to be worn under clothing. Measuring under an 1/8” thick, the belt is ultra discreet, with heat pouches lasting 6-8 hours to allow women the long-lasting heat relief they need to accomplish a full day’s work. At The Girls Co. we believe your life shouldn’t stop when your period starts. Period.

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Competition Booklet


COMPETING TEAMS

Thrive Smart Systems Brigham Young University Our goal at Thrive Smart Systems is to make every sprinkler/irrigation systems wireless - whether residential, commercial, or agricultural. Even the most advanced sprinkler systems are still wired from the control box to the valves. This wiring creates many problems from the cost of wire to wire maintenance. Our technology has two devices, a Wireless Forwarder and a Wireless Valve Switch. The Forwarder is mounted next to an existing control box. Wires from the existing control box are connected to it, and converted into wireless signals. The Switch is a device that attaches to the water mainline next to the valves. Existing valves are connected to the device which receives the signal from the Forwarder, telling the valves when to open and close. Our device self-charges through water flow, which eliminates seasonal battery replacements. Thrive will revolutionize the irrigation industry and make wireless irrigation the industry standard.�

Triciclo Peru University of Wisconsin Milwaukee Triciclo Peru started as a food truck and expanded into a Peruvian empanada bar in Milwaukee, WI with a mission to share the culture and cuisine of Peru. Using a fusion of traditional and innovative recipes and high quality ingredients from both Wisconsin and Peru, Triciclo Peru is using its current success to launch a new product line called Pachamama, which offers gluten free, vegan and vegetarian frozen empanadas available via meal plan delivery or in specialty supermarkets. This opportunity to diversify and expand into a known niche market will be the next evolution of healthy, inclusive, delicious and convenient food options across the United States.

True Adherence Brigham Young University True Adherence, Inc. is a biomechanics platform that provides data to fuel your resistance training regimen. We provide real-time hands free feedback to enhance strength training for greater efficiency and safety for all body types and sizes. We provide data to individuals and gyms through a unique kiosk setup enabled through computer vision. We sell these kiosks directly to gyms to help them attract and retain customers, because retention of customers is their #1 metric for profitability. When the last technological upgrade gyms underwent was during the Industrial Revolution in the 1800’s, we provide a 21st Century experience for gyms and their patrons.

2019 IBMC

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COMPETING TEAMS

Xermosol University of Technology, Jamaica Our UV door handles sanitizer, called Xermosol, helps medical facilities and businesses who want to protect their visitors from deadly bacteria and viruses lurking on their doorknobs by automatically sanitizing the door handle on the approach of visitors, eliminating 100% of bacteria and viruses. Unlike our competitors, we supply an add-on product so you save the money and the trouble of retrofitting doorknobs.

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Competition Booklet


IBMC Around the World

2019 IBMC Qualifier Competition Partners

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United States

International

Brigham Young University Marshall University Purdue University Quinnipiac University San Diego State University Tulane University University of Iowa University of Mississippi University of Utah University of Wisconsin-Extension

Brawijaya University Ideation Brasil IIT Kharagpur Jamaica National BMC Mekong Challenge Monterrey Institute of Technology Pontifical Catholic University of Chile Startup Grind Lima Waseda University

2019 IBMC

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Profile for International Business Model Competition

International Business Model Competition 2019  

The printed booklet for the 2019 International Business Model Competition that contains information about the competition and competing team...

International Business Model Competition 2019  

The printed booklet for the 2019 International Business Model Competition that contains information about the competition and competing team...

Profile for intlbmc
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