An internal team at the Blackstone Charitable Foundation selected three Blackstone Launchpad venture teams from Case Western Reserve University to participate in their Demo Day, a national entrepreneurship competition that they sponsor.The competition for $50,000 in prizes will take place in New York City and include a dinner hosted at the New York Stock Exchange.
The three teams representing CWRU are Carbon Origins, an aerospace company developing cost-efficient rockets and rocketry sensors, Everykey, a company that has created a Bluetooth enabled bracelet that enables password and key access and SensID, a company that undergraduates Alexis Schilf and Jacob Schwartz founded.
The three teams will compete against 17 other teams from 14 other schools.
“Those are fantastic odds,” said Eugene Sasso, program manager for CWRU’s Blackstone LaunchPad.
According to Sasso, the selections display the strength of CWRU’s entrepreneurship support system.
“It is a terrific win for Case,” Sasso said.
Participants will need to present their products and business plans to a panel of judges in only 10 minutes. In addition to the $50,000 prize pool, the competition will provide teams with an opportunity to network with potential venture supporters.