2024 Venture Showcase

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01 Event Overview

10 Companies founded by women, people of color, LGBTQ+ or other historically marginalized people

1 University

transforming the way changemakers can create real-world impact

Countless community members serving as mentors, advisors, and supporters to help these companies succeed

Only about 5% of U.S. Venture Capital funds in 2022 went to businesses with female, Black, Latino, or LGBTQ+ founders.

This stat is one of many that exemplify the inequity in the American startup ecosystem. Because of this, the Roux Institute chose to launch its flagship startup program, the Founder Residency, to support underrepresented founders. This 12-month program is completely free to founders; we do not charge a fee or take equity in the companies. Instead, we provide these startups with $25K in a non-dilutive grant, free access to office space, an intensive educational curriculum, and access to Northeastern’s network of mentors, students, startup founders, investors, and more.

Today’s Venture Showcase convenes entrepreneurs, investors, government officials, students, industry partners, and the public to hear pitches from the ten technology companies participating in the Founder Residency. This showcase happens halfway through the founders’ time at the Roux Institute, and aims to re-introduce the companies to the local community, celebrate the progress they’ve made during their time here, and re-engage with partners, businesses, and mentors that may be able to to support them along their journey.

The Founder Residency has been an invaluable experience as a solo, female founder. The workshops were thoughtfully curated and rich with information to level up my business. The resources, connections, and support have made me feel part of a team. ”

Click here to get in touch with our startups

4:30–5:00PM

Doors Open

Networking

5:00–5:15PM

02 Schedule

Welcome Remarks

5:15–5:45PM

Keynote Speaker

5:45–6:30PM

Founder Residency Pitches

6:30–8:00PM

Networking Reception: Mingle and chat with the Founder Residency founders as well as other community members. Refreshments will be provided.

03 Speakers

04

The Residency Overview

3 Months of Intensive Programming:

Week 1

Orientation and Introduction to the Maine Entrepreneurial Ecosystem

Startups get to know one another as well as the Roux Institute at Northeastern University and the various resources they will have access to during their time in Maine. We also have sessions with local partners and resources to help the startups get to know the ecosystem and how to take advantage of it.

Week 2

Mentor Match

In conjunction with Northeastern University’s McCarthy’s Venture Mentor Network, founders go through a weeklong matching process to find 2-5 mentors they will work with during their time in residency.

Weeks 3–13

Learning and Building

Founders meet almost daily to learn the basics of building a business so they can apply it to the ventures they are starting. This period includes various workshops from experts, casual sessions with more experienced founders, and working with mentors and the program team. There is also a lot of emphasis on building a supportive community among the cohort.

Months 4–12

Pitching

We work on storytelling and pitching as we get ready to pitch for the Venture Showcase and re-connect with the Maine community.

Scaling and Growth

Startups continue to work in residency from the Roux Institute campus with light, monthly programming to keep the cohort together and supporting one another.

Programming

Recurring Sessions to create community and keep the cohort on track:

→ Weekly All-Hands & Family Meals

→ Weekly CEO Fourms facilitated by Santiago Zindel

→ Weekly CTO Forums facilitated by Shaun Meredith

→ Recurring Team Socials

→ Monthly Progress Reviews

→ 1:1 Executive Coaching Sessions facilitated by Lisa Frusztajer

→ Group Leadership Coaching Sessions facilitated by Cassie Crosby

12 Founder Stories and Investor AMAs to allow the founders to meet and learn from people who have done this before:

Founder Stories:

→David Engle

→ Ian Patterson

→ Joshua Summers

→ JT White

→ Melissa LaCasse

→ Patrick Breeding

→ Scott Weller

→ Torey Penrod-Cambra

→ Vlad Korshin

Investor AMAs:

→Burak Sezen

→ Conor Joseph Mack

→ Julia Brady Alumni Panel:

→ David Tse

→ Helen Cohen

→ Kippy Smith

38 Workshops facilitated by subject matter experts:

Startup Basics & Resources

Intro to Northeastern’s XNs & Co-ops

Intro to Northeastern’s Mosaic Orgs

Making the Most of the Founder Residency

Intro to the Legal Fellow Program

Mock Mentor Meetings

Measuring Progress

The Elevator Pitch

Purpose, Vision, & Values

Sales & Marketing

User Acquisition and Growth Hacking

Customer Discovery Intensive (Through MIT’s iCorps)

Identifying and Communicating Your Value Prop

Pricing & Packaging

Founder-Led Sales

The Customer Journey

Digital Marketing & Lead Generation

Assumptions, Hypotheses, and Roadmaps

Tracey Spinato & David Munger

Tyler Farley

Santiago Zindel

Cecile Tchoujan

Stephen Zamerowski

Ali Goldstein Norup

Grace St. George

Tara Jenkins

Giuseppe Stuto

Beth Kahn & Betsy Peters

Deb Mills-Scofield

Michael Warren

Dan Bodoff

Stephen Lindsay

Rebecca Emery

Santiago Zindel

Leadershi

The Meaning of Impact

Turning Adversity into Advantage

Managing Teams

Employee Equity Incentive Plans

Employment Law Panel

Fundraising

Funding Resources in Maine Panel

Intro to the Maine Seed Capital Tax Credit

Building the Investor Pitch Deck

The Basics of Fundraising (Equity/ Grants/Investment Vehicles)

Fundraising, Term Sheets, and Legal Implications

Fundraising Process

Finances

Basics of Accounting and Finance

Introduction to Financial Modeling

Legal Considerations

Intellectual Property, Trade Secrets, and Patents

Legal Entities & Corporate Governance

Patents in the AI Space

Negotiations

Commercialization

Privacy and Data Security

Tom Keleher

Laura Huang

Sam Dargan

Doug Ginnn, Steven Gerlach, & Tony Paine

Joe Powers, Chandler Jones & Lou Simms, Bill Wahrer & Daniel Strader

Christopher Roney

Stephen Zamerowski

Nina Scheepers

Jeff Spaulding, Andrew Sweeney, & Nina Scheepers

Chris Wolfel

Colleen McCracken

Ashby Green

Bruce Jacoby, Jeff Joyce & Daniel Davies

Darryl Walton & Andrea Suter

Philip Mazoki, Chris Albert, & Dan Wehner

Kyle Glover

Tony Perkins, Lauren Ramirez, and Rohan Vakil

Elek Miller, Ariel Pardee, & Daniel Davies

05 Companies

Algas has developed a patented extraction technology that allows us to identify and extract cellulose and novel compounds from invasive seaweed and agricultural waste to produce costeffective, deforestation-free pulp fiber alternatives to replace wood pulp fiber.

Our solution is low-cost, seaweed-based pulp fiber that can be blended with traditional wood pulp to produce paper and packaging while reducing deforestation. Our material is˜40% cheaper and can be processed using ˜80% less heat/energy than deforestation-derived wood pulp fiber and alternatives.

Brief is building predictive intelligent document management in real estate that automatically understands how documents relate to each other, eliminating issues with duplicate files, version control, and folder structures.

We're integrating Procore, Bluebeam, and Field technologies to deliver a single source of truthenabling multiple teams across projects to find what they need, fast. This lowers compliance and delay risk while freeing up at least 10% of labor hours spent in administration.

Andrew Wu CTO

Dirigo Sea Farm is a women founded materials company using kelp to produce bioplastic films to replace single-use and nonbiodegradable plastic. With in-house biorefining capabilities and existing manufacturing comparability, Dirigo Sea Farm gives brand partners a competitive edge without scarifying the performance or ethics that customers care about.

Drip Labs is building Punch Club, an exclusive membership platform for the hospitality workforce, where service industry professionals access exclusive perks at local businesses, helping small business owners retain staff, and helping service workers feel valued in the communities that they serve.

Integrated Reality Labs is building a technology platform that powers multiplayer games in physical spaces for young people everywhere who are looking for better ways to play and connect in real life. Our sensor fusion algorithms pull data from gyroscope, accelerometer, Bluetooth and GPS to gives us the most accurate representation of individuals' distances from one another using nothing but a smartphone. We’re currently leveraging this proximity tech to transform hybrid games that use smartphones to power real life play.

Dr. Marc Ilgen CTO
Frank Chen CEO
Rob O'Toole CTO
Lauren Steidel CEO
Ian Andolsek President
Sean Nissenbaum Chief Growth Officer
Alexa McGovern CEO

We help schools and childcare facilities address challenging behaviors and bullying with a program that teaches adults and children how to regulate, be kind, and feel ready to learn.

Beyond teaching lessons we provide a simple, practicebased curriculum that has been proven to lower; anxiety, conduct problems, and ADHD symptoms, while increasing children’s ability to regulate independently, and have a strong sense of belonging. With 92% customer retention , yearly expansion since 2020, and protability, we are preparing to scale globally.

MyOrbit is a private engagement platform built for organizations that support people. It helps groups like AA chapters, veteran programs, and mental health communities stay connected between meetings—with structured check-ins, AIassisted moderation, and tools that make it easier to notice when someone might need support.

Most people want better friendships, but don’t know how to get there. Pulse is rethinking how friendships form in the 21st century— using technology to guide small groups from first connection to real-life community in a way that feels natural, playful, and deeply human.

Quill & Pigeon is a Mainebased startup that is revolutionizing thoughtful communication. We are creating an online marketplace for eco-friendly, artistically unique greeting cards sourced from local artists. We are a bridge between technology with tradition, making it effortless to send beautiful, handwritten notes that arrive precisely when they matter most.

Our curated subscription service delivers more than just stunning, sustainable cards—it's a complete solution featuring personalized event reminders, AI agents to help you remember, and preaddressed, pre-stamped envelopes that eliminate every barrier to meaningful connection. We want to rekindle personal connections—one beautiful, locally-crafted card at a time.

TheWellSortplatformhelpsstudents andemployeesprioritizetheirmental healthandwellbeing.Users experienceasimpleandengaging draganddropcardsortingactivitythat helpsthemarticulate,clarify,and organizetheirwellnesspriorities, guidesthemthroughastructured action-planningprocess,anddirects themtootherwellbeingresources availabletothemthroughtheirschool oremployer.

Onthebackend,theschool/employer receivesaggregateuserdatathatthey canusetotailorprogramsand optimizeresourceallocationbasedon whatservestheirstudents, employees,andbudgetsbest, replacinglesseffectiveperiodical surveys.

Click here to get in touch with our startups

06 Special Thanks

34 lead mentors who volunteered to meet weekly with our start-ups to guide and support them along their journey

Adam Levy

Barry Wark

Barry Wolfield

Carl Blume

Chris Selland

Conor Joseph Mack

Conor Laver

David Burnham

Deb Mills-Scofield

George Matelich

Hilary Folger

Ian Patterson

Isabel Van de Keere

Jake Mastrandrea

Jan Illets

Jana Rich

Jeffrey Eyestone

John Murdock

John Thompson

Keri Lyle

Keyur Patel

Lauren Ramirez

Mary Lynn Engel

Matt Kennedy

Phil Glowatz

Rebecca Emery

Richard Corps

Roland Scott

Sam Aborne

Sam Dargan

Sarah Delmar

Scott Wilkerson

Stephen Lindsay

Vikas Periwal

Plus all of the other coffee mentors who offered to meet with the startups on an ad-hoc basis.

Thank you to these five partner firms who provide pro-bono legal counsel and leadership coaching to our startups.

Thanks

Nina Scheepers Principal, Maine Venture Fund

Shaun Meredith Founder & CEO, Omnic Data

Deborah MillsScofield Founder, Finding Blue Lobsters

Burak Sezen Co-Founder & Partner, The 6th Event

Julia Brady Partner, Valo Ventures

Ali Goldstein Norup Head of VC & Startup Ecosystem, Google

Michael Johnson SVP & Chief Human Resources Officer, IDEXX

Torey Penrod Cambra CCO, HighByte

Colleen McCracken Executive in Residence, MTI

Huge thank you to our sponsors, the Willmington Trust, the US Economic Development Administration, and the Maine Technology Institute, for their generous support and partnership. Your commitment to innovation and entrepreneurship helps power meaningful programming that drives impact across Maine.

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2024 Venture Showcase by rouxinstitute - Issuu