This past week we announced the names of the six finalists who will compete for $70,000 in design and development costs at the May 3rd finals. The finals will take place at General Assembly in New York, where the six companies will pitch to judges from leading venture capital firms such as Greycroft Partners, First Round Capital, Norwest Venture Partners, Samsung Ventures, and 645 Ventures. Recently added to the judging panel is John Biggs, an entrepreneur who spent fifteen years as an editor for Gizmodo, CrunchGear and TechCrunch.
The finalists are:
- Conductor: a mobile assistant for transit that uses crowdsourcing and machine learning to make simple, real-time recommendations. (San Francisco, CA)
- FactoryShop: a B2B app that helps factories efficiently order new machine parts. (Cambridge, MA)
- Mindset: a wearable-connected app that helps users manage stress by providing bite-size therapy exercises. (St. Louis, MO)
- Silvernest: an online roommate-matching service for baby boomers and empty nesters that have (or need) rooms to share. (Boulder, CO)
- SoftSpot: a sensor system for clothing that monitors biometric and environmental metrics and provides fitness data through an app. (New York, NY)
- Tuckrbox: a farm-to-lunchbox delivery app for kids. (New York, NY)
We have also named one runner-up: Who's Got Game, an app that helps users find the best place to watch sports games they want to see. (Los Angeles, CA)
With submissions coming from more than 30 states and 35 countries, the App Idea Awards represents a diverse pool of aspiring entrepreneurs. We asked entrants to demonstrate both entrepreneurial vision and the ability to execute the proposed app business plan, as well as an understanding of user flow, design and monetization. A panel that included representatives from Microsoft Ventures, Two Sigma, ERA Accelerator, and the J&J Innovation Center whittled hundreds of app ideas down to the six finalists.
The next phase for the remaining app inventors will be preparation for next month's pitch-off. The App Idea Awards has connected the six finalists with mentors who will help them improve their pitches and streamline their business plans.
"I'm thrilled to be working with the innovative thinkers who submitted their app ideas for this competition," said Sergio Monsalve, Partner at Norwest Venture Partners and an App Idea Awards judge. "As a longtime investor in entrepreneurs, I am excited for this chance to guide the next generation of founders as they bring their products to market. The ideas coming out of this competition have been extremely high quality."
Created by ROKO Labs in partnership with General Assembly, Harvard Business School Alumni Angels of Greater New York and the Columbia Venture Community, the App Idea Awards makes it possible for anyone with an idea to build a product, whether or not the individual is a coder. The winning company, as decided by the judges, will not have to give up any intellectual property rights or equity in exchange for the grand prize. Additional prizes, including the ability to work with TBWA on launch plans, will be awarded to the winner.
"Hosting the App Idea Awards has shown us that the amount of creativity among current and aspiring inventors is even more than we ever could've imagined," said Dmitry Rakovitsky, Founder and CEO of ROKO Labs. "We look forward to seeing what all of the companies that participated in the Awards accomplish in years to come."
Finals Event Details
When: May 3rd, 2016, 6pm - 9pm
Where: General Assembly, 902 Broadway, Level 4, New York, New York 10010