BATON ROUGE, LA (WAFB) - Thousands of dollars are up for grabs in a “Shark Tank” style pitch competition.
The LSU Venture Challenge was held at Tin Roof Brewing Co. Tuesday night. Three teams of students had 20 minutes each to make their pitch for a share of $25,000. This year’s teams included a prescription dispensing device, an online laundry service, and a music app that helps emerging artists. This is the ninth year for the event, and organizers say that seed money can go a long way.
“The student teams that have won this over the past eight years have gone on to raise over $4 million more money on their own, so that’s really what it’s about. It’s about leveraging what they win here today and turning it into what they need,” said Kenny Anderson, director of Stephenson Entrepreneurship Institute.
The teams competing were:
- Revibe - Revibe is a music streaming and sharing application that streamlines the listener experience and includes back end tools for emerging artists.
- Suds - Suds is an application-based wash/fold and dry cleaning service that allows users to schedule pick up, delivery, and other options through their custom software.
- TampeRX - TampeRX is a proprietary medical device setting out to solve multiple problems relating to secure medication procurement and dispensing.
The panel of judges selected Revibe as the winning pitch. All three student teams walked away with a check worth several thousand dollars.
Click here for more about the Venture Challenge.