Northwestern student startups brought home a total of $100,000 May 24 at the University's annual VentureCat competition, where prize money comes with no strings attached and no equity taken.
First place went to Intelligent Flying Machines (IFM), a data analytics company that uses flying robots to automatically count inventory in warehouses. Tiltas, a new type of social network that provides support to formerly incarcerated people who are trying to re-enter society, took home second place. And Quickpulse, a B2B tool for increasing millennial retention rates, placed third.
Unlike many other university competitions, VentureCat includes undergraduate and graduate students across many disciplines and represent diverse, innovative perspectives. “Students of many backgrounds play a central role in Northwestern's strategy to create a vibrant and distinctive entrepreneurial ecosystem,” said Alicia Löffler, executive director of the Innovation and New Ventures Office, one of the key campus sponsors of VentureCat.