Oxymoron Ink Wins TVLIC

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Oxymoron Ink winner of 2020 Spring TVLIC

Oxymoron Ink won first place in the first ever virtual 2020 Spring Texas Venture Labs Investment Competition (TVLIC) on May 8, 2020. Because of COVID-19, the competition was conducted over Zoom.

Millions of people around the world are interested in tattoos, but avoid them because they know they might regret their decision later in life. Oxymoron Ink solves this problem by offering inks that disappear after six months, nine months or one year.  The company manufactures the world’s first semi-permanent tattoo ink. These biodegradable, patent-pending inks were developed at UT Austin by CEO Matthew Miller, a NSF Graduate Research Fellow in Chemical Engineering.competitive with manual processes.

As the first place winner, Oxymoron Ink receives a cash prize of $15,000 and a seat in the Company-in-Residence Program at the McCombs School of Business plus a wealth of services including free three months at Capital Factory, access to the LeanStack.com tools and a personalized coaching session with the creator of the Lean Canvas, Ash Maurya and $10,000 in Amazon Web Services credits.

Release won the $5,000 second place prize plus $3,500 in Amazon Web Services credits. Release is a web and iOS based platform which offers tenants a straightforward and painless alternative to finding sublessees in Austin by taking over the subleasing process from end-to-end.

The third place winner of $2,500 and $1,500 in Amazon Web Services credits was CooMoo Travel. CooMo Travel is an online platform that allows an individual to plan and book their entire trip, from start to finish, while allowing other real users to provide recommendations and suggestions based on their own personal experiences.

The E. Craig Nemec Elevator Challenge Award honoring Craig Nemec, a successful graduate and entrepreneur, gives out three $1,000 awards to the teams with the best three-minute elevator pitches.  This year’s winners were Good Apple, Empire Learning and Oxymoron Ink.

The James D. Pippin Veteran Award awards $1,000 to a team with one or more U.S. military veterans. The award was endowed by the founders of RideScout to honor James D. Pippin, a Retired Command Sergeant Major with the U.S. Army who served with Joseph Kopser. CooMoo Travel was this year’s winner.

Hosted by Jon Brumley Texas Venture Labs at the McCombs School of Business at The University of Texas at Austin, TVLIC is open to all graduate students at any University of Texas System school. TVLIC simulates the real world process of raising venture capital.  In evaluating the student ventures, judges function as an investment group seeking to reach consensus on the business venture they would most likely fund. This spring’s competition featured 24 startup companies.

For more information on the teams selected to compete in the 2020 TVLIC, visit the JBTVL blog announcement or to learn more about JBTVL’s programs visit tvl.utexas.edu.

ABOUT JON BRUMLEY TEXAS VENTURE LABS
Jon Brumley Texas Venture Labs (JBTVL) at The University of Texas at Austin is a campus-wide initiative to accelerate both student and community startups. The mission is to help graduate students learn to take their innovations to market and become great entrepreneurs and business leaders. Since 2010, TVL has accelerated over 220 Austin-area startups in a wide range of industries and 43 percent of these companies have gone on to raise total funding in excess of $836 million. Over 716 graduate students from a variety of disciplines have earned experience working with these area startups. In addition, JBTVL has helped launch more than 80 graduate student companies through the Texas Venture Labs Investment Competition (TVLIC).

Texas Venture Labs Investment Competition Schedule of Spring 2020 Competitors

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Semifinals – May 8, 2020

Division I

9:00 AM – Empire Learning
Real estate professionals are required to complete continuing education (CE) in order to renew their license. At Empire Learning, we make CE easy. We are the highest rated online provider in the nation, providing a seamless user experience in 11 states.  John Wheeler, MBA ‘21

9:35 AM -ConsultEd
ConsultEd helps today’s students seamlessly navigate multiple educational systems, into the jobs of tomorrow. ConsultEd’s foundation is built through the use of blockchain to secure student records, machine learning to better inform institutions and policymakers which student pathways are broken, and real-time geographic economic data provided by economist labor reports and investment banking analysts, to shape students major selection. Matthew Parson, MBA ’20

10:10 AM – Find My Fit
A B2B fashion technology plug-in licensed to online retailers that replaces the size guide button by plugging into individual product pages to enable customers to accurately predict their size across any brand using 2 – 3 photos taken on their smartphone. The proprietary technology will analyze the image as data points and marry this information with the fabric composition of the item, the individual’s dimensions/proportions and fit preference to predict size with 90%+ accuracy. Heidi Mackay, MBA ’21; Lindsay Marsh, MBA ‘21

10:45 AM – Actionly
Actionly is a multi-sided platform providing users with small daily actions and connecting them to affiliate products that match the challenges of their daily lifestyle and improve their health and well-being. Clayton Key, MBA ’20

11:20 AM – BarTab
BarTab is a mobile payments platform that vastly improves the bar experience for customers, bars and bartenders by streamlining the drink ordering and tab management process. Users are provided with demographic data and friends’ locations via the platform in order to facilitate social experiences. BarTab also provides real-time analytic data to bars in order to improve decision-making related to pricing and forecasting. Jessica Stenglein, Law ’20; Abby Chua, MS Computer Science ’20; Colin Morris, MBA ’21; Tommy Fang, MBA ‘21

11:55 AM – Nudge Analytics
For K-12 school districts who are facing budget issues caused by low student attendance, Nudge Analytics provides a plug and play solution to reduce truancy. Our platform will use machine learning to identify at-risk students and research-driven messaging to get them back in the classroom. Sam Hogan, MBA ’21; Chuk Orakwue, MBA ‘21

Division II

9:00 AM – iTree
iTree is a shading solution, re-imagining solar power in a beautiful form. It replicates the ecological value of a tree, estimating it will qualify for 1,450 metric tons of C02 credits, addresses instances where urban development limits space for a tree, offers water conservation with a vertical growing bio-skin. The bio-solution is a low maintenance alternative for landscaping, making it an attractive alternative to a tree. Rudy Dunbar, MSTC ‘20; Kailey Euceda, MSTC ‘20; Ashley Duffins, MSTC ‘20; Atif Syed, MSTC ‘20; Christian Quinones, MSTC ‘20

9:35 AM – CooMo Travel
CooMo Travel is an online platform that allows the individual to plan and book their entire trip, from start to finish, while allowing other real users to provide recommendations and suggestions based on their own personal experience. In addition, those that plan their trip through the platform will have the ability to see other travelers that will be traveling to the same cities at the same time, allowing people to potentially meet in real life! Tyler Moyer, MSTC ‘20

10:10 AM – KNX
Everyone has looked at business networking from one way only. As a result, existing social business networking gives a false sense of big network and results in superficial, transactional and inauthentic connections. The KNX APP fosters unprecedented and revolutionary ways of business networking. The job search starts with identifying the best smart matches by location, interest and hobbies to meet on a golf course, yoga class, tennis, at the park while walking the dogs etc. Larisa Olteanu, MBA ‘21

10:45 AM – Talent.ai
For enterprises struggling to monitor and give feedback to their remote employees, Talent.ai offers a HR transformation tool that integrates with their primary modes of communication. It then analyzes the mix of written and video communication to provide development plans for the employees and valuable HR information for the managers. It uses AI deep learning techniques, NLP and Vocal/Facial Analysis. Sean Stallings, MBA ‘21

11:20 AM – StyleTravels
StyleTravels is an AI based technology platform that services customers who need help in planning their style choices during their travels such as outfits to wear, accessories to match including shoes so that customers can enjoy their vacation with less hassle and focus more on doing things they love. Sneha Vyas, MBA ’20

11:55 AM – Tripology
Tripology is a field trip marketplace that exists to empower educational institutions. We are an online platform for field trip providers and field trip planners to market, find, and book and manage educational field trips. Nicole Pennington, MSTC ’20; Robin Reynolds, MSTC ’20; Scott Wentworth, MSTC ’20; Nathan Pena, MSTC ‘20

Division III

9:00 AM – StrongPeople
StrongPeople is a health company. We enhance our customers’ health by consistently delivering a quality gym experience.  John Schenck, MSTC ‘20

9:35 AM – Functional Furniture
Functional Furniture is the home gym designed for your living room. Existing solutions on the market are either unwieldy or impractical for an apartment or are poorly made, unsightly and not versatile. During the era of COVID-19, a new use case emerged – the need for a simple and effective bodyweight-focused home gym to supplement existing exercise activities and enable home training for sport-specific needs. Alexander Darvishian, MBA ‘21

10:10 AM – Helios
Helios makes and sells modern Greek sandals. We redesign timeless Greek styles with modern synthetic materials, creating the first sandal on the market to bridge classic design with modern comfort and functionality. Stuart Smith, MBA ‘21

10:45 AM – Zeus Wild
Our company is developing a solar powered camping tent made from fabric that charges and stores energy during the day to provide self-powered lighting at night. Carlos Colon-Vonarx, MBA ’20; Gokhan Koyuncu, MBA ’20

11:20 AM – Oxymoron Ink
Oxymoron Ink manufactures the world’s first semi-permanent tattoo ink. Millions of people around the world are interested in tattoos, but avoid them because they know they might regret their decision later in life. We solve this problem by offering inks that disappear after 6 months, 9 months or 1 year. These inks are made possible using intellectual property developed at UT Austin. Matthew Miller, Chemical Engineering PhD ‘20

11:55 AM – bruxAway
bruxAway is developing a smart wearable night guard to disrupt the over $10B market of bruxism (unconscious teeth grinding) disorder. One in 5 people suffer from bruxism disorder, but over 80% of people are undiagnosed. We’re solving this through our smart wearable night guard, a custom solution medical-grade night guard designed to protect your teeth and significantly reduce bruxism. It connects to your smartphone and provides analysis of your nightly bruxism behavior and sleeping patterns through an intuitively built app. Sarnab Bhattacharya, Electrical and Computer Engineering PhD ‘22

Division IV

9:00 AM – Allmost Home
Allmost Home is an amenity grocery brand on a mission to empower healthier urban living by making food options more accessible within apartment communities. We build small-footprint, in-building mini-markets which provide personalized grocery selections to building residents at competitive margins, while bringing in additional revenue through partnerships with rental operators. James Wright, MBA ‘21

9:35 AM – Good Apple
Good Apple is an Austin-based produce delivery service on a mission to end food insecurity. We partner with local farmers to rescue produce that would otherwise go unsold. We then operate a 100% locally sourced, organic produce delivery service for paying customers. For every produce box sold, we deliver another box directly to a family in need. Zack Timmons, MD ’21; Alex Wright, MBA /MD ‘21

10:10 AM – Bundle of Joy
At Bundle of Joy, we assist parents by providing more convenient and safe options for taking care of their children while on the go. We do this through a combination of subscription services to the home and daycare as well as conveniently placed vending machines. For those parents who are challenged with the expenses of raising a child, we will donate one diaper for every Bundle of Joy kit sold back to the community. Hiroki Mochizuki, MBA ’21; Tyrone Smith, MBA ’21

10:45 AM – Geo Homes
Geo Homes offers a flexible solution to evolving residential needs. Capitalizing on the runaway popularity of detached Accessory Dwelling Units (ADUs, otherwise known as granny flats or mother-in-law units), Geo Homes differentiates by offering semi-permanent, ADUs-on-demand. Geo Homes ADUs can be quickly installed, easily removed, continually reused and eliminate permanent alteration to your property. Paul Peterson, MBA ’21; Jonathan Ruud, MBA ’21; Joshua Goodman, MBA ’21; Rahul Sekhar, MBA ‘21

11:20AM – Lost Aisle
Lost Aisle delivers the service and product selection of an upscale corner store in a mobile form factor brought directly to your home. Lost Aisle will offer produce from local farms and pre-made meals from local restaurants. We don’t just deliver your order, we deliver the entire store! Customers can order the Lost Aisle truck to their home as if it were an Uber or schedule a weekly stop to restock the pantry. Destin Douglas, MBA / MS Computer Science ‘21

11:55 AM – Release
University students must often sign 12-month lease contracts, even though the academic year is much shorter. As a result, students are often left on the hook to either find a new tenant for themselves or unnecessarily waste money on a vacant apartment when the academic year ends. Release, a web and iOS based platform, offers tenants a straightforward and painless alternative to finding sublessees in Austin by taking over the subleasing process from end-to-end. Justin Malone, MBA ’21; Christian Hundt, MBA ’20; Elmer Melendez, MS Computer Science ’20