
In case $50,000 in funding did not get our student participants energized, CNN came to Athens to do a story on the drama and opportunities unfolding at this year’s Next Top Entrepreneur. A group of investors served as judges, including Atlanta serial entrepreneur Jim Beach, no stranger to asking the tough questions. With that much money on the line, students representing over 20 companies knew to come prepared, and they did. Team FishList, with graduating students Eric Spett and Dave Goldstein (story in May newsletter), won the day. Their team gave a polished presentation that demonstrated they had done their homework, were committed to going full-time, and had their own skin in the game. FishList looks to combine the concept of a traditional brokerage with modern social networks to create an innovative platform capable of transforming the way business is done in the seafood industry. Despite their hard work, the race was close. Eric recalls,
“We went 17th, and the majority of the businesses presenting before us had great ideas and excellent presentations.”
Runners-up included Speak.fm, Community Master Calendar, and Helping Savings.

Top Entrepreneur Winners Circle with FishList's Eric Spett & Dave Goldstein
Speak.fm, pitched by Garrett Brewer, lets users listen to Wikipedia articles on any audio device, convenient for on-the-go or visually impaired users. Community Master Calendar, pitched by Jake Berton, creates for a firm a single, shareable calendar that pulls in event information from relevant sources for a customized experience. Helping Savings, presented by Brinkley Warren, pitched Helping Savings’ iCouponBook product, allegedly the world’s first mobile-coupon fundraising platform, designed to help people save so they can give more. Other strong contenders included Jay Hall’s Jinfiniti Biosciences, which boasts proprietary technologies that can process hundreds of thousands of RNA samples at unprecedented speeds, and Jared Carollo’s Link Vision, a software package for airlines that enables free online web surfing.
Though the competition was fierce and only one team was crowned, Next Top Entrepreneur is unique in that Terry-Ent will support and incubate any and all teams that look to move forward. We look forward to an even bigger and better competition next year.
We will keep you posted on when our CNN feature will run!
Ready, set, PITCH!
As this newsletter has chronicled over the past couple of months, UGA’s Next Top Entrepreneur is back again this year, and better than ever. Last year’s Top Entrepreneur-launched businesses had over $212,000 in revenue and angel
investing of $50k. Ths year finds a new class hungry for success. The previous session saw students arrive with two items: their marketing plan and a 30 second elevator pitch. As Director Hanks teaches, conveying your clear path to customers is key. Doing so in a pitch in front of potential angel investors looking to invest $50,000, as set for April 23rd, is another story altogether. UGA undergrad Abigail Derr (above) is getting ready with her novel business- are you?
To facilitate the process, the Digital College Network’s Entrepreneurship Television (DCN E-TV ) was on hand to film these 30 second elevator pitches to help students polish their deliveries and tighten their business models. To get to where they are now, participating UGA students have been through a gauntlet of evening seminars –with heavy doses of “homework”– all geared to help them
prepare for their final pitch to investors. True to last year, and to the spirit of Top Entrepreneur, over a hundred registered students have been whittled down to about 10 teams eager to become UGA’s Next Top Entrepreneur. April 13th’s “Expectations and Prep” seminar will be the final session where students can come and get advice and practice their pitches, though Hanks will host a Venture Eat earlier that day to answer any pre-seminar questions.
If you’re a student and think you have what it takes to get ready in time to compete, it’s not too late for a chance to win $50k in angel funding. Register here then come on April 13th to Sanford Hall 313 at 6:30p and show us what you got. Time is short- the pitch to investors will take place on April 23rd, rain or shine.
If the Terry Entrepreneurship had a brother, it would be the UGA Music Business Program. The two innovators are at it again- this time teaming up for “Start me up! – How to Get Your Music Business Off the Ground,” a free, open to the public panel event with a twist. Set for Saturday, April 24 from 11:00 am-3:00 pm at the always-cool Eddie’s Attic in Atlanta. During lunch a
ttendees will have the opportunity to “speed network” with the panelists, to include moderators Bruce Burch, Director of UGA’s Music Business Program, and Chris Hanks, Director of UGA’s Terry Entrepreneurship Program. Additional panelists include Duncan Freeman, founder of Band Metrics, and Chris Esposito, President and CEO of Digital College Network. A list of other panelists can be found at the end of this post.
After lunch, Chris Hanks will moderate a 2nd panel, “30 Seconds to Pitch Your Plan.” Learn the art of developing your compelling and provocative pitch so you don’t miss a beat when opportunity knocks!
So mark your calendar!
Event: Start Me Up
Date: Saturday, April 24, 2010
Where: Eddie’s Attic in Atlanta
When: 11am-3pm
Cost: Free!
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James Andrews, managing partner/co-founder of Everywhere Social Media
Aaron Arnold, CEO of MusicIsMyBusiness, former assistant to Sean “Diddy” Combs
Mark “Dill” Driscoll, founder of World Sports Promotions, McCann Event Marketing, Momentum Worldwide, Igntion, and Entrepreneur in Residence at UGA’s Terry College of Business.
Chris Esposito, President and CEO of Digital College Network
Duncan Freeman, founder of Band Metrics
Tammy Hurt, founder of Outsource Events, Inc, and Placement Music LLC
Clarkson Logan, co-founder of Maestro
Richard Nailing, co-founder and CEO of free All Media
Doria Roberts, singer/songwriter
Post by @smrosenberg
UGA’s Terry Entrepreneurship took on GA Tech at their annual Tiger Challenge, a business pitch competition. Despite playing on Tech’s turf, at their event, with their judges and format, Terry Entrepreneurship still won 2nd place of 18 teams. We’ve got no hard feelings for our friends over at Tech; they paired students with fascinating biomedical and other technological concepts and presented them well. We appreciated the invitation and look forward to meeting the challenge again next year. Oh, and yeah, we all listened to this on the way up to get pumped!
Interestingly, the differences between our programs were on display at the challenge. Whereas the GA Tech entries were research based and in some cases years from market, Terry Entrepreneurship’s companies were up-and-running businesses already pulling revenue. To paraphrase sponsor and judge Scott Burkett, both programs are terrific, and each plays an important role, but Terry is focused on “pure entrepreneurship.” We’ll take that compliment over an outright win any day.
First Place Winner was Tech’s Elastec Medical, pitched by Adam Martinez of the Biomedical Engineering program. Elastec is a concept for building protein-derived heart stents versus traditional permanent versions which can re-clog arteries over time. Elastec promises to tap into the $1.2b stent market it thinks is ready for organtic stents that biodegrade once an artery is opened.
Second place went to UGA’s Digtial College Network (DCN), pitched by MBA students Rachel Martin, Erin McCrary, Stephen Rosenberg, and Joyce Scott. The company has screens in over 310 college bookstores where it pushes student-generated and professionally produced content, driving traffic to DCNlive.com. With its own campus operations and multi-platform engagement tools, DCN is making an audience for advertisers out of the $200b college student market.
Third place went to Tech’s GreenBrane, pitched by Anestis-Richard, with teammates Justin Harper, Jeff Murray, and Steve Balcof. GreenBrane is working on the next generation of a fuel cell by focusing on the membrane, which currently accounts for approximately 75% of a fuel cell’s cost. With new advancements, GreenBrane hopes to improve the flexibility and durability of the fuel cell while also significantly driving down its cost, potentially paving the way for commercialization in mobile device applications.
The formidable array of Terry Entrepreneurship teams included:
Amenity Club, presented by Carla Brackman, Elise North, and Meredith Robinson. Amenity Club creates gives potential buyers an incentive to purchase by including points reedemable at hundreds of vendors, from dog walking to gourmey delivery.
“I enjoyed the creative challenge of having to pitch a business model in a compelling and memorable way in only three minutes Overall we all had a lot of fun at the Tiger Challenge.” -Meredith Robinson, 2nd year Terry MBA
STATS (Solutions Taking Athletes to Success), presented by Jon Hillard and Jay Hall, with teammates Brandon James and Brittany Lee. STATS
has a mission to provide athletes with training solutions to improve the performance of the athlete. The first product, The FIX™, which as a patent pending, is focusing on baseball and fast pitch softball. The FIX™ is designed to help batters stay in a correct stance as they swing.
Sustainable Solutions presented by David Alexander, with teammates Will Stewart and Jason Safier. Sustainable Solutions creates energy from bio-gas otherwise lost when created from water treatment processes.
Stinky Kids, presented by Slav Lyepyenin, Will Ngo, Jon Wales, and Christen Wright. Stinky Kids is a line of books, plush dolls, and apparel. It is made up of ten unique characters (each with a unique background) to who children can relate. The characters get into innocent mischief and learn about making the right decisions.
Direct Receipts, presented by Prince Njoku, Damian Luna, and Min Tang. Direct Receipts is a corporate expense tracking solution that entirely does away with the printing of receipts at the point of sale.
“It was great to work with a highly motivated team, and challenge ourselves against teams from another school. In a very brief amount of time I was able to get a taste of pitching a new business idea. I hope this becomes a regular event in the future.” -Damian Luna, 2nd year Terry MBA
Evirix, presented by Zander Lentz, Michael Parker, and AJ Fraser. Evirx focuses on providing remote evaluation in the education field, specifically targeted at the student teaching observation need. By evaluating video taped classroom sessions over the Internet, Evirx’s video analysis tool allows universities to remotely observe student teachers in their classrooms.
In My Square, presented by Qiana Williams. In My Square provides employment and training opportunities to low-income youth in Columbus,
Cleveland and Cincinnati. The nonprofit operates a market research
firm that employs young people trained in research and analysis. The company has a triple bottom line approach in which the social and economic development missions are balanced with financial returns.
The GA Tech competing teams included:
Mudtadple, pitched by Jacob Cohen, with teammates Jake Sisley, Nihil Patel, and Adam Masarek. Mudtadple is developing a laser diagnostic tool for the telecommunications and medical imaging industries, to improve fiber optic communications and improve the quality of medical images, respectively.
AlpZhi, pitched by Amit Jariwala, with teammates Greg Sheridan, Nancy Rosenberg, Brian Baum. AlpZhi is developing a micro-manufacturing process to build smooth, micro-fluidic devices used in medical applications like that used to maeasure blood sugar.
CereCom, pitched by Brett Matthews, with teammates Rohit Merh, Winston Kim, and Betty DeLos Reyes. CereCom is developing “prosthetic speech,” a device that reads the signals from your brain and converts them to a speaking voice, potentially benefitting patients who have suffered from neurological damage.
NanoVate, pitched by Michelle Schlea, with teammates Michelle Louie, Andres Velarde, Melissa Johnson. NanoVate is developing carbon nanotubes for improving composite components, so lighter, stronger, more heat-resistant materials can be used instead of metal.
Zyfion, pitched by Chris Shen, with teammates Jaimie Anderson, John Phelps, and Sharon Lee. Zyfion is developing nanoparticales that, when bound to a cancer drug an injected into a patient’s bloodstream, will seek and destroy cancer cells without harming healthy cells.
NanoShield, presented by Toni South, with teammates Eddie Sloan, Meghan McIntee, Payal Keshvani. NanoShield is a prodcut that coats breast implants used for reconstructive purposes, preventing scar tissue development that requires additonal surgery.
PowerTrak, pitched by Erich Stuntebeck, with teammates Andy Adams, Richard Driftmeier, Akash Jariwala. PowerTrak is developing a real-time indoor location system built into a building’s existing power distribution system to better the lives of the aging population.
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Article by Stephen Rosenberg
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Funny thing happens when your entrepreneurship program gets lots of national exposure: people start showing up to pitch. Modeled after ABC’s Shark Tank, presenters made their case to a class in the process of selecting its business plan competition teams.

Traditionally in an academic environment it is the students that get judged. That model got turned on its head today as students in Director Chris Hanks’ Business Plan Development class judged the pitches from some of the best new startups around. Four different business owners each pitched for three minutes then opened themselves up to critique from the class. The students were urged by the presenters to probe weaknesses in their respective business models and presentations.

StinkyKids founder Britt Menzies
Britt took up painting in response to her 2-1/2 year old daughter’s question, “Mom, can you draw me as a ballerina?” Her child loved the painting and demand grew among friends and family for images of different children. When a local retailer asked for the rights to the characters for a line of children’s t-shirts she politely refused, certain she had a unique opportunity on her hands. Fast forward a couple of years and StinkyKids apparel and plush toys are sold by Nordstrom and other large retailers. Britt even recently finished a children’s book starring the StinkyKids characters. Her company has been featured in a huge array of major media, including the Big Idea with Donny Deutsch, The Today Show and on ABC and Fox News.
Next up was Real Estate Technologies Inc. (RETI) Co-founders Paul Evans and David Drake pitched their SaaS company. Designed as a one stop shop for the real estate industry, the interface enables brokers and agents to automate sales, marketing and business management activities. They hope to address increasing technology costs, redundant data entry, and the customer’s increasing desire to stay aprised of the real estate deal at hand.
After RETI came Local Flavor, pitched by CEO Mike Katz. The company uses “Smart Card” technology to guarantee that restaurants only pay for

Local Flavor CEO Mike Katz points the way through the tank
revenue generated. When patrons use their Local Flavor Visa/MC ’s to pay for meals at participating restaurants, the special promotion rate is automatically deducted from the deal. Never cut a coupon again. Mike hopes to boost sales at local restuarants and level the playing field with big chains.
Finally, Chuck Scheid pitched Echo Housing, a plan to address the rising living costs of aging boomers through green building. Rather than prematurely submit to an expensive living arrangement, Scheid proposes that a senior adult instead invest in a small, cutomized house literally in the back yard of family. Modular construction decreases cost, as does delayed need of expensive communities farther from family.
The sharks were circling, but it was the sense of opportunity that fed the energy.
-Article by Stephen Rosenberg
New Terry Entrepreneur in Residence Dill Driscoll is fond of saying “Go small to be big.” After a
busy, state-trotting day of tech demos, networking, and strategy sessions, it is easy see what he means. Last Friday, Driscoll used his private plane to fly down Terry Entrepreneurship Director Chris Hanks and MBA marketing stars Erin McCrary, Rachel Martin and MBA candidate and entrepreneurship program assistant Stephen Rosenberg to Tifton, GA for meetings on “The Fix.” The innovative sports technology provides a solution to footwork problems that afflict most anyone that plays baseball or softball regardless of age or experience level. Team Leader Jason
Womack plans to build a global “sports solutions” company around The Fix called S.T.A.T.S., or “Solutions Taking Athletes to Success,” with more additions to the product line to come soon. Major League talent was literally on hand to validate the technology, including Los Angeles Angels talent scout Chris McAlpin and Representative “Coach” Jay Roberts, Chairman of the House Transportation Committee and member of the Ways and Means Committee. Despite all the excitement, inventor Walter Lentz, who was inspired to develop the technology while coaching his son, wants the world to know it all started with one child. This is the message that drives the company and serves as a reminder about what makes America’s favorite pastime so great.
Enter the student-powered Terry Entrepreneurship Program. In exchange for a vested interest in the company, Terry students will partner with S.T.A.T.S. to work on business development, marketing, logistics and anything else where their considerable skills, experience and brainpower are of value. Erin, Rachel and Stephen flew to Tifton to spearhead this effort, in effect working as program ambassadors as well as consultants. Their mission is
to integrate the real business of S.T.A.T.S. into the academic setting of Terry. Talks are already underway for a business plan competition team for The Fix. Whereas other schools compete with “aspirational” companies, or those that exist only on paper, Terry Entrepreneurship is committed to winning with real companies that motivate students with a “piece of the action.” Erin weighs in, “As a student at Terry, I have access to some amazing resources, but I would have to say that having the opportunity to work alongside the S.T.A.T.S. team as they launch their business has truly been invaluable. We have only just begun working with them and I have already learned so much. And, having Dill and Chris there to discuss and ask questions has been incredibly helpful.” The action is good for Terry, too. The disruptive technology of The Fix in the relatively sexy sports industry makes it an attractive project. This is especially true given the company’s determination to succeed by doing right by its community and customers.

Jay Roberts (left) and Jason Womack talk jobs over lunch
That is where Terry Entrepreneur in Residence Dill Driscoll got involved. Driscoll attributes his success to his lifelong desire to help people. He and his wife Susan spend much of their time building businesses that prize good people over profits. It is no surprise that this investment strategy ends up achieving both ends. In S.T.A.T.S. Driscoll saw more than an opportunity to grow the Terry Entrepreneurship Program, spur economic development and generate desperately needed jobs. He also saw a way to partner Terry with a management team committed to charity and community development, an ethos that fits in perfectly with Terry Entrepreneurship’s commitment to social entrepreneurship. A generous percentage of profit from The Fix is already earmarked for charity and a vision for a cutting edge sports facility for the Tifton community is already in the works. In this context Driscoll’s “go small to be big” business philosophy comes into clear relief: succeed through helping people.
The ability of this group of hardworking, well-intentioned people to take a great idea and build a business around it is impressive. Rachel is particularly taken by the
network that made it happen. She sums up, “What really struck me was witnessing the power of the network. The business began with a father just trying to help his son improve his Little League batting average. It quickly grew to include a baseball scout from a pro-team, a state representative, proven businesspeople from a variety of backgrounds and now a handful of Terry MBA students. That, I think, is truly remarkable. For me, it was that ‘a-ha’ moment that connected a lot of what I’ve learned in the classroom with what goes on outside the safe walls of academia.”

Though Terry Entrepreneurship is growing incredibly fast both in size and reputation, Chris, Dill and the MBA’s all agree that future success rests on continuing to provide opportunities for students to get involved with real businesses. Since no other entrepreneurship program carves out roles for students that go so far beyond merely business plan development, there is no doubt that TerryEntrepreneurship = Big
Article by Stephen Rosenberg
StartupRiot backnoise declared Athens “not a startup hub.” We may not be Atlanta, but we’re indisputably a startup town.
Over 100 students working on around 70 companies in UGA’s Top Entrepreneur tell a different story.
But what else is Terry Entrepreneurship doing?
The Entrepreneurship & Venture Capital Club gathered recently to chart its own future. After a spirited debate, the Club decided to look at various opportunities in social entrepreneurship. We’re already widely known for engaging the community (we love it!); the goal now is to solidify our standing as one the country’s best social entrepreneurship programs. Look for a piece on us in October’s issue of Entrepreneur Magazine!
We’re also committed to continuing our successful UGA Startups series. The Terry Entrepreneurship Program designed the UGA Startups series as a way for entrepreneurs to have access to some of the most seasoned entrepreneurs in the southeast. Topics include innovation, funding, opportunity analysis, business communications, purchasing businesses, franchising, and much more. Startups events are held once a month at Terry’s Buckhead facility to better serve our extended family of people interested in entrepreneurship.
“Wow. That’s cool.” You’re right! But what ELSE? We’ve also got VentureEAT, an every-other-Thursday lunch meetup with
Entrepreneurship Director Chris Hanks. Occasional special guests like Melanie Brandt spice up discussions about

entrepreneurship. Students come with questions about their own companies or just to soak up and contribute to the conversation. VentureEAT will resume meeting in September.
“So you’ve got ambitious students, a seminar series in Atl and a neat little lunch meetup, but what is Terry Entrepreneurship doing to actually put students in the path of cool opportunities?” The Terry College of Business Entrepreneurship Program
participates in the most significant venture capital and angel investment forums in the southeast. Due to our relationship, the Southeast Venture Capital Conference (SEVC) has offered a special opportunity for our students to participate, including a private reception with influential attendees.
The third annual Southeast Venture Conference featured market relevant investor and executive panels, exclusive networking opportunities, featured speakers and approximately 40 of the region’s top private technology firms presenting to a national audience of venture capitalists, investment bankers and private equity investors. This event was held March 11-12th, 2009 at the Intercontinental Buckhead in Atlanta, Georgia. Students applied for a limited number of spots for the opportunity to play “meet and greet” with the industries biggest wigs. Chances are you now realize why Terry Entrepreneurship = BIG.

Don’t miss out! Join Terry Entrepreneurship’s Official Communications Channel to receive occasional announcements (UGA Startups, special events in Atl, etc.).
Join our “Campus Beat” channel to receive occasional updates about Terry Entrepreneurship events (Entrepreneurship Club, VentureEAT, etc.) around Athens.
“Ultimately, we can’t bail our way out of this crisis. We can only grow our way out – with more innovation and entrepreneurship.” – Thomas Friedman

Stice Enlightens
Organizer Keith Herndon, President of Internet Decisions, LLC and author of Entrepreneurs and Innovation: Creating Value With Emerging Technology, kicked off Thursday’s event with an apt quote. The half-day summit, held at UGA’s Alumni Society’s Buckhead location, focused on the role that innovation plays in restoring economic growth, one entrepreneur at a time. UGA alums Karen Lennon, CEO, Beyond Z Interactive media and Alan Koenning, Fund Manager, UPS Strategic Enterprise Fund joined Chris Hanks, Director of the Entrepreneurship program at UGA’s Terry College of Business on a panel of experts. Attendees of the standing-room only event had an opportunity to listen to the panel’s insight into the innovation process, as well as hear general information about raising capital and leveraging existing resources. Ms. Lennon spoke of the need to keep employees motivated and offered tips on how to listen to your market.Mr. Koenning noted promising new trends in co-working, like the Advanced Technology Development Center’s (ATDC) “seed space” initiative, to provide entrepreneurs

an affordable location to work that is in close proximity to available resources. Mr. Koenning also shared information about exciting opportunities like Shotput Ventures, a technology startup accelerator fund. Mr. Hanks focused on the importance of resonating with a target market so a firm is so closely aligned with that market’s needs it becomes “like a fingerprint.” After a Q&A session, John R. Harris,
Partner at the Technology/Intellectual Property Group of Morris, Manning and Martin, LLC, gave a presentation on realizing value through legal services like patents. After a delicious lunch, Steven Stice, Ph.D., Director of the UGA Regenerative Bioscience Center and Chief Scientific Officer of Aruna Biomedical, literally wowed the crowd (“wows” quite audibly emanated from the peanut gallery) with his presentation of his work commercializing breakthroughs in ethically-sound stem cell research. A highlight of Dr. Stice’s presentation was footage of spontaneously uniting cells beating like a heart. Innovation was on display in more ways than one at UGA’s “Entrepreneurs and Innovation” Summit.
Stephen Rosenberg
@smrosenberg
If Terry Entrepreneurship had a cousin, it would be Techdrawl.com. Check out Techdrawl’s coverage of the Innovations Summit here.