Welcome to “Innovation Pipeline,” an online newsletter updated regularly, highlighting innovation and entrepreneurial activity
by RIT students, faculty and staff–as well as companies of RIT’s Venture Creations. If you have a story idea for “Innovation Pipeline,”
please submit it to Greg Livadas at Greg.Livadas@rit.edu.
RIT Hosts Video Game Industry Meeting for State Senate
The New York State Senate Select Committee on Science, Technology, Incubation, and Entrepreneurship held a panel discussion at RIT’s Student Innovation Hall on Oct. 22 that focused on the potential growth of the video gaming industry in New York state.
Leveraging RIT’s new MAGIC Center, State Sen. Martin Golden, R-Brooklyn, chaired an all-day discussion of the potential job creation opportunities that exist with video games and how state policy could be enhanced to encourage this type of economic development.
He was joined by State Sens. Joseph Robach, R-Rochester; Ted O’Brien, D-Rochester; and Patrick Gallivan, R-Elma, who represent the Rochester area; representatives of the gaming industry; executives from video game companies located in Upstate New York; and Darkwind Media, a game development company founded by three RIT alumni, based in RIT’s Venture Creations Business Incubator.
Golden recognized the reputation that RIT has in the field and how sought after its graduates are in the $4.9 billion video gaming industry.
During a working lunch, Colin Doody, one of the founders of Darkwind Media, presented on his company’s history, current status and the challenges it faces operating in New York state.
To see TV coverage, go to http://www.youtube.com/watch?v=CfhFSV8jqlc.
Starting in RIT’s Innovation Pipeline: RIT48
How does innovation happen? One way is to gather a group of diverse people to talk about problems and come up with a novel way to solve those problems. Sometimes the best growth happens when the group is focused and momentum and motivation are high.
So why not devote just 48 hours to solving a problem and see where things go? That’s the concept of the student-run RIT48 competition, held Nov. 22-24. Below is a story on the competition by Tiffany Lankes of the Rochester Democrat and Chronicle:
The challenge: Come up with an idea, create a business plan and launch a web or mobile startup.
The catch: Do it all in 48 hours.
That was the goal of this weekend’s RIT48 contest, in which dozens of Rochester Institute of Technology students competed for $3,000 in prize money for coming up with their own businesses.
Most of the students already had their ideas when the contest started Friday. It was then up to them to form teams, make an initial pitch to judges and then come up with a prototype of their project. The projects were then reviewed by a panel of expert judges.
The competition brought together students from an array of academic backgrounds, with majors ranging from business and finance to programming.
“RIT has the all the diversity of students and programs that you need for a start-up company,” said Nikko Schaff, a student coordinating the competition.“What they accomplish in a short amount of time this weekend can possibly be an incentive to keep their ideas and products going.”
The event was started four years ago by two students who wanted to bring the campus together to collaborate and think creatively about practical business solutions.
For Raj Adhikari and his team, that idea was an application that matches customers with contractors who provide various home improvement services. The user can select the desired service, the date and time needed and the application matches them with a contractor the company has vetted.
“The process is streamlined,” said Adhikari, a first-year student. “It makes it really easy.”
“I absolutely love having challenges over a short period of time,” said his partner Kevin Hill, a third year student studying information technology.
Another team came up with an idea for a web site for eBay flippers that allows users to identify the hottest items trending on merchandising and online classified sites, compares prices and reports the best deals. The application is intended for people looking to purchase items on one site and resell them on another.
And another team came up with an application that allows users to post events or social gatherings and find other people interested in meeting up. For example, someone who wanted to meet new people for lunch could post the event and see if anyone else using the program was interested.
“When you are a freshman you can just walk down the hallway and say ‘You in,’ ” said Jason Smith, a sixth year student. “This is the hallway.”
As for the winners, the prize money could serve as seed money to go on and start the business.
But some of the participants had other ideas.
“Or buy margaritas,” Schoff said.
“Drinks on me,” Adhikari joked.
Nose Bleed Product Entry Wins Tiger Tank
Another way innovation fostered at RIT is by encouraging students to come up with feasible products or business ideas. The latest Tiger Tank competition at RIT’s Simone Center for Student Innovation and Entrepreneurship featured five finalists from a field of 45 applicants. The finalists shared nearly $5,000 in cash prizes from RIT’s Saunders College of Business. The top winner: StaxPax, a compact kit that treats and prevents nosebleeds that can be applied with one hand, created by Gino Santaguida.
For more information, go to http://www.rit.edu/research/simonecenter/nosebleed-remedy-tops-rit-tiger-tank-competition.
FluxData Graduates from Venture Creations
And at the end of RIT’s Innovation Pipeline is a graduation for FluxData, the most recent company in RIT’s Venture Creations business incubator to move out to its new headquarters in Rochester’s Village Gate. FluxData produces high-tech cameras that can take photos of spectral light other cameras cannot. One of their creations was used in the International Space Station.
To read the full story, go to http://www.rit.edu/news/story.php?id=50426. To see a video, go to http://www.youtube.com/watch?v=SY5ycbMp1oY.
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