Gutwein Law is proud to be a sponsor of The Boiler competition, hosted by the student-run coworking space, The Anvil. Started in 2013, the competition’s purpose is to give students the ability to pursue entrepreneurship outside the classroom. The Boiler takes place over eight weeks and provides the teams with mentorship, office space, workshops, and funding.
The teams participating in The Boiler go through three phases. In the first phase, teams submit their initial summaries giving details on their ideas; from those, five teams are chosen to compete. The second phase narrows the competition to three teams who advance to the final phase. Those three teams present their ideas on Demo Day, where the final winner is announced. Third place receives $1500, second place $3000, and the winner receives $5000.
As a sponsor of the event, Gutwein Law meets with the competitors to speak about entity creation, capital raising and intellectual property issues. We are and will continue to provide entity formation and counsel to the three finalists. Last year’s winner was Mimir, who has worked with Gutwein Law to organize as a limited liability company, providing flexibility and liability protection as the company exploded onto the educational technology scene.
Friday was Demo Day for the 2015 competition. The finalists pitched their concepts in front of an audience with West Lafayette's Mayor John Dennis as well as a panel of judges, including Mikel Berger of Delmar, Paroon Chadha of Passageways, and Jason Tennenhouse of 10 IN HOUSE.
The third place finalist was Uprint, an app that allows students to print documents from their H-drive, mailbox, or any application on their phones to any campus printer. Second place went to Dunmo, which sorts your tasks and tracks due dates for you, creating a daily agenda to help ensure your tasks are finished on time. Dunmo prioritizes your tasks and schedules each one into your calendar for you, telling you how much time you’ll need to spend on each.
The 2015 winner was Spotter, a device that tracks a weightlifter’s routine, like how much weight a user lifts, how many times, and over how many sets, and communicates that information to the user’s smart phone. Once completed, the founders also hope to add more like lift velocity and statistics on current gym traffic that users would otherwise be unable to track. The device would be fairly simple, comparable to current fitness trackers on the market. The Spotter team consists of Daniel Golant and Christopher Price. Congratulations to the winner!