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A-Alpha Bio aims to improve clinical trial success rates by helping pharmaceutical companies fully characterize their drug candidates in the pre-clinical stage.They were the winners of the Hollomon Health Innovation Challenge earlier in the year and have participated in the Jones Foster Accelerator Program.
Only four members of a startup team are allowed to address the hundreds of roving judge/investors at one time in the investment round, which plays as a mashup of trade show and carnival midway.
Nair was the fifth in a venture called Green Fern, maker of the Astro sensor system that makes standard refrigerators smart.
Many ideas that start as a seed in the Business Plan Competition continue on into full-fledged startups and act as launch pads for future careers.
Johnson joined the team, A-Alpha Bio, comprised of students from the UW Bioengineering department, prior to the competition—- bringing additional business expertise to the startup which seeks growth outside of the laboratory and the University environment.
The competition began in 1998 as the UW TEC Prize, and from its inception, it helped to hundreds of student teams to de-risk venture ideas.
Several Madison area companies have ties to the contest.
Dialing in on how to execute the plan that will actually lead to a viable business model is super exciting.
Also, it was fun because we all took it very seriously and to watch everyone hone in on the right messaging was like seeing a team come together as one, which is really exciting.
The aim of the competition is to provide real-world experience to student entrepreneurs, encourage venture creation and new ideas, and to expose students to the entrepreneurial community here in Seattle and beyond.
The Business Plan Competition gives students an opportunity to practice and participate in the dynamic journey that is starting a business based on a new technology or idea, which includes the entire process from ideation and founding a team, to writing a business plan, all the way to pitching that idea to investors.