Author: Brian Conlin

Student Ventures

O’Connor Fund Showcases Entrepreneurial Spirit of JHU Undergrads

O’Connor Fund Showcases Entrepreneurial Spirit of JHU Undergrads

 

Ralph S. O’Connor and his wife, Becky IMAGE: homewoodphoto.jhu.edu

If interest in the Ralph S. O’Connor Undergraduate Entrepreneurship Fund is any indication, the spirit of entrepreneurship at The Johns Hopkins University is alive, well, growing and diversifying.

This year, 40 student teams applied for support from the O’Connor Fund, up from 22 in 2015 and seven in 2014. From this year’s applicant pool, Johns Hopkins Technology Ventures (JHTV) advanced 19 teams to a pitch competition before selecting six winners.

“We heard a number of strong pitches over two days,” says Kasim Ahmad, JHTV’s student venture coordinator. “It was difficult to whittle the field down to six, but we believe the teams selected for this year’s cohort have the greatest opportunity to benefit from the program as they work to solve challenging problems.”

Launched in 2014-2015, the O’Connor Fund helps undergraduates’ fledgling startup ideas reach their potential. Founded by Ralph O’Connor, a Johns Hopkins Krieger School of Arts and Sciences alumnus, and his wife, Becky, the program provides each cohort member a $5,000 non-dilutive grant, an opportunity to earn $5,000 more for reaching milestones, mentorship from entrepreneurs and investors, and other resources from JHTV.

O'Connor Cohort 2017
The 2017 Ralph S. O’Connor Cohort

The 2017 cohort features:

  • Foragerone – A platform that streamlines and standardizes how students look for university-affiliated research opportunities
    • Ansh Bhammar, Krieger School of Arts and Sciences, Sophomore
    • Yash Jain, Krieger School of Arts and Sciences, Sophomore
  • Fractal Tech – Scalable mobile app security for enterprise applications
    • Alex Sharata, Whiting School of Engineering, Junior
    • James Charles, Whiting School of Engineering, Senior
  • Gaius – An online tool that utilizes college networks to source top technical talent for startups
    • Ron Boger, Whiting School of Engineering, Senior
    • Alex Owens, Whiting School of Engineering, Senior
  • Kaleyedos – Telemedicine for the retinopathy of premature screening procedures
    • Rebecca Miller, Whiting School of Engineering, Senior
    • Erica Schwarz, Whiting School of Engineering, Senior
    • Sami Messai, Whiting School of Engineering, Junior
    • Seony Han, Whiting School of Engineering, Junior
  • Squadz – A social activity platform to find, organize and reserve space for pickup sports and events
    • Nikhil Panu, Whiting School of Engineering, Senior
    • John Stanton, Krieger School of Arts and Sciences, Senior
  • Tearn – An app to help college students connect with peers who can provide tutoring services
    • Pava LaPere, Whiting School of Engineering, Sophomore
    • Andrew Wong, Whiting School of Engineering, Sophomore
    • Brian Cueto, Whiting School of Engineering, Sophomore

“We have a tremendously talented and diverse group,” Ahmad says. “This cohort has a mix of upper and underclassmen, projects at various stages and students representing different campus programs and organizations, including Hophacks, Medhacks, TCO Labs and the school’s Center for Bioengineering Innovation and Design. We believe this group will build on the success of last year’s cohort.”

The students certainly seem intent on doing so. Gaius CEO Ron Boger says he hopes the O’Connor Fund program will enable him to gain traction and build relationships with the startups and universities that will benefit from his mission to connect elite students with the most impactful and talented companies.

“We applied to be part of the O’Connor Fund cohort to obtain the mentorship and support that will accelerate our growth,” says Gaius CEO Ron Boger. “I’m looking forward to gaining perspective from being around such ambitious companies in the program, as well as the mentorship provided by JHTV.”

The entrepreneurs in the 2017 cohort have grand visions for their startups and see the O’Connor Fund program as a way to plant the seeds for sustained success. Take senior Erica Schwarz of Kaleyedos, a company developing a retinal imaging device. For now, the Kaleyedos team is currently focusing on infant retinal imaging but aims to expand the device and software suite to address many retinal imaging needs.

“Long-term, we want to see our device disrupt the retinal imaging industry,” Schwarz says. “Shorter-term, we want to use the resources from the Ralph S. O’Connor Fund to further build connections with key stakeholders.”

The six teams in the last year’s cohort used support from the O’Connor Fund as a springboard to raise $1.2 million in follow-on funding, hire 14 paid employees, interview more than 650 users or customers and complete 84 percent of their milestones.

As the 2017 cohort aims to reach those lofty heights, they will move through a program modified to better enable them to succeed. Based on feedback from the 2016 cohort and the program’s mentors, this year will feature an increase in engagement between teams, greater access to mentors, more networking opportunities, in-person workshops and online assignments based on each team’s individual challenges.

“The O’Connor Fund has evolved and will continue to evolve as we find better ways to serve our student entrepreneurs,” Ahmad says. “JHTV is committed to providing students the avenues that will help them turn ideas into sustainable businesses. The O’Connor Fund goes a long way in helping us achieve that.”

Want to learn more about the O’Connor Fund? Click here!

Awards

Fusiform’s Param Shah and Alex Mathews Named to Forbes…

Add Forbes’ 30 Under 30 to Fusiform’s growing list of awards and accomplishments. The publication placed Fusiform CEO Param Shah and CTO Alex Mathews on its 2017 list of young people reinventing manufacturing.

Param Shah (left) and Alex Mathews

Shah, 21, and Mathews, 22, co-founded Fusiform in 2015 while still enrolled as undergraduates at The Johns Hopkins University to update the decades-old orthopaedic workflow in place today with digital order forms, a 10-minute 3-D scan that replaces an hours-long hand-casting process and automated manufacturing of custom orthotics.

Shah and Mathews currently have their products in two Maryland orthopaedic clinics and have raised more than $550,000. Now, with a team of 15 employees, Shah and Mathews are leading the company’s pivot to the development of middleware that makes custom manufacturing more feasible.

Standing out for their vision and accomplishments, Shah and Mathews were among the 600 honorees selected from more than 15,000 nominations. Forbes, in its sixth year of putting together its 30 Under 30 list, winnowed the field to 30 winners in 20 categories, selecting those who are “challenging the conventional wisdom and rewriting the rules for the next generation of entrepreneurs, entertainers, educators and more.”

“We’re thrilled to be part of the Forbes 30 Under 30 list for Manufacturing and Industry and alongside other young people who are driven to positively impact the world,” says Shah, who was also named to the Baltimore Business Journal’s 2016 40 Under 40 list.

Shah and Mathews were joined on this year’s list by DreamIt Health Baltimore alumnus Niko Skievaski, the co-founder of Redox. The trio continue what is becoming a tradition of JHTV entrepreneurs being featured on the annual list. Last year, Forbes named Sonavex Surgical CEO David Narrow to its 30 Under 30 list.

Shah credits the mentorship he has received at Johns Hopkins and around Baltimore for helping his company achieve this honor. Since forming the company, Shah and Mathews have participated in Johns Hopkins Technology Ventures’ Social Innovation Lab, won the inaugural JHU Undergraduate Entrepreneurship Award and completed ETC’s Accelerate Baltimore boot camp.

“We’re so fortunate for the resources that have helped us grow as a company,” Shah says. “This honor is a credit to all the employees, investors, mentors and programs that have helped Fusiform grow over the past two years.”

Check out the resources available to Johns Hopkins student entrepreneurs? Click here!

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