2015 Competition Overview
Award winners of the Shocker New Venture Competition were announced at the award ceremony on Friday, May 1, 2015, in Devlin Hall at Wichita State University.
All winning teams were students from Wichita State.
Winners of the competition include:
1st place: Good Flight LLC
GoodFlight LLC is a local startup company that aligns its product design and development with the needs of pilots and flight school facilities to enhance flight training and aviation safety.
2nd place: Medipaq
MediPaq is a reusable, rechargeable, washable and easy-to-wear vest with strategically placed sensors and microphones that works with Smartphones and allow physicians to conduct remote patient evaluations and treatment plans.
3rd place: Mobile HealthLink
Mobile HealthLink provides remote health monitoring solutions that improve quality of life for increasing elderly populations. It also reduces costs for the growing PACE (Program of All-Inclusive Care for the Elderly) organizations that cater to this population.
4th place: Rabbit Method Technologies
Rabbit Method Technologies exists to drive down health care costs and increase revenue of medical professionals by decreasing evaluation time, increasing communication, and enhancing motivation through iOS applications.
Health Care Award: MediPaq
Technology Award: Deployable Drones
Deployable Drones is a start-up company focusing on the photography industry. The plan details its entry into the market, projected financials and competitors in the industry.
People’s Choice Award: MediPaq
Intent to compete forms were submitted by 77 teams, with more than 120 participants from across the state. Those teams then submitted a synopsis of their business concept in a two-page summary.
Judges selected concepts from 32 teams to advance to the 10-page screening round of the competition. From those 32 teams, 16 new venture teams were selected to advance to the trade show round.
Selection for the trade show was based on the concept’s market viability, its stage of development and financial projections.
The trade show, held April 24 at Charles Koch Arena, gave teams the chance to pitch their new venture to about 150 judges. These judges were given $10,000 in “Shocker Dollars” to invest in teams they believed to have the best chance of succeeding in the marketplace.
Sponsors for this year’s Shocker New Venture Competition include 360ideas, Cox Business, Delta Dental of Kansas, Foulston Siefkin LLP, Intrust Bank, Jabara Ventures, KWCH Interactive, Lou and Terry Heldman, Mitchell Richards, NetWork Kansas, Riverside Health Foundation, Scholfield Honda and Wesley Medical Center.