3 College student Organization Pitches Acquire Once-a-year University student Entrepreneurship Contest

A few Georgetown University entrepreneurs tied for initial location at this year’s scholar company pitch level of competition.

The Bark Tank competition, which took place virtually Oct. 27, seeks to fiscally guidance company ventures produced by Georgetown business people, each undergraduate and graduate, by enabling college students to pitch their enterprise ideas for a probability to gain up to $30,000 in prize income. 

Unlike prior several years, three ventures tied for initially place in this year’s competitiveness: KnoNap, Button Helper and Venture Olas. Each took home $30,000 in prize income.

MAGGIE CHEN/THE HOYA | This year’s winners of the yearly Bark Tank business competitiveness include things like a cocktail serviette that detects rape prescription drugs in drinks and simple-clasp clothes buttons.

KnoNap, founded by Danya Sherman (GRD ’21) in 2017, operates to teach college students about and advocate from drug-facilitated sexual assault. 

“We empower individuals versus consume spiking through accessibility to discreet, gender-inclusive, transportable detection units that check for particular day-rape drug presence,” Sherman wrote in an e mail to The Hoya.

Sherman has spoken and pitched to worldwide audiences about her company, which has permitted her to witness how critical her company is to many people today. She has represented the United States at the 2018 G20 Summit in Buenos Aires, Argentina, and the 2019 GES Summit in the Hague. 

“After pitches or presentations, I have usually been approached by men and women who share with me their activities with consume spiking and or sexual violence,” Sherman wrote. “To me, these discussions reaffirm the relevance of KnoNap and the dialogue we are developing along with KnoNap’s existence.”

Sherman options on working with the prize dollars to progress her business enterprise by finalizing the investigation improvement and preliminary manufacturing operate of KnoNap’s item, a cocktail napkin that detects date-rape medicines in drinks.

Button Helper, founded by Robert Bolen (MSB ’20), aims to support disabled individuals to dress themselves with magnetic buttons. 

Undertaking Olas, which was established by Rebecca Cox (SFS ’23), offers conversational Spanish tutoring taught by moms residing in close proximity to Guatemala City’s premier landfill. Undertaking Olas helps handle two difficulties, according to Cox.

“We aid mothers in the [Guatemala City garbage dump] obtain secure and sustainable work where by they receive a lot more in one particular hour than what they would typically get paid in a working day,” Cox wrote in an electronic mail to The Hoya. “And we offer Spanish pupils the conversational exercise which is tricky to get devoid of heading overseas.”

The coronavirus pandemic has designed troubles for Project Olas, especially since every thing is on the internet and demands a good knowing of technological innovation, in accordance to Cox. The revenue the challenge gained will support gasoline their attempts. 

“Previously we were bootstrapping completely on $10,000 from the Georgetown Entrepreneurship Obstacle. Now we can extend our arrive at substantially, and increase much quicker than we experienced predicted,” she wrote.

The competitors and prize income is supported by Ted Leonsis (CAS ’77), founder, vast majority owner, chairman and CEO of Monumental Sporting activities & Amusement, a Washington, D.C. enterprise that marketplaces are living occasions. 

Though this year’s opposition was held virtually simply because of the coronavirus pandemic, the event was not only a accomplishment, but the very best occasion considering the fact that Bark Tank was launched four years in the past,  according to Jeff Reid, founding director of Georgetown Entrepreneurship Initiative.

“While we missed out on getting the electrical power of a packed auditorium and some worthwhile put up-event networking, we have been still able to experience the drama that comes with a large stakes competition,” Reid wrote. “Ted Leonsis was so impressed, he messaged me in the middle of the celebration to offer extra prize revenue to make absolutely sure each and every workforce was rewarded.”

Reid stated he admired this year’s organization pitches, ones that he stated have been concentrated on benefitting modern society, not just producing income.

“Georgetown students are leveraging entrepreneurship to clear up problems and make the globe improved,” Reid wrote in an e mail to The Hoya. “This year’s Bark Tank winners are presently making a big difference in the world.”