“The final results are in and Leap Insole, who chose to solve a ZEPP Labs business case, has taken the coveted top ranking out of all the first place teams competing in the Camp BizSmart 2015 Summer sessions. Our congratulations go to this team who consists of: Levi Kline, CEO/VOC; Jonathan Kao, CTO; Valerie Duffey, CFO; Rish Bellakka, CMO; Daniel Lan, CSO; and Anant Vasudevan, CIO.
“This team had a great spirit throughout the entire Camp BizSmart two week session which took place at Stanford University”, noted Camp Director, Elian Savodivker. They were persistent as well as innovative in their creation of a solution to the business case they selected. They chose the ZEPP Labs business case provided by Jason Fass, ZEPP labs CEO. Here is the problem statement: In the US about 30 million children and teens participate in some form of organized sports, and there are 3.5 million injuries each year, which cause student athletes to lose playing time. Almost one-third of all injuries in childhood are sports-related injuries. Yet, over 50% of all sports injuries in youth are preventable. Overuse and misuse injuries of a body part are responsible for nearly half of all sports injuries to middle and high school students.
Here are the business case objectives that they were given: Your challenge is to use ZEPP labs motion sensor technology, including: accelerometers, gyros, pressure sensors, GPS, heart rate, etc. to develop a wearable device monitored by a smart phone/tablet app to help prevent injury and keep athletes in the sports/games they love. Choose a sport and identify a common injury that is causing athletes a significant loss in participation time. Using ZEPP Labs technology design a wearable device to lower teen injuries in that sport. The design of the device should: Improve balance, strength, coordination and specific skills in the sport; be comfortable and provide accurate data; address conditioning and proper body mechanics; capture all data from the device and send it wirelessly to the app; have an application that works seamlessly with the hardware providing critical data; and turn the app into a game that helps make it fun and social.
Dr. Mike Gibbs, CEO and Founder of Camp BizSmart stated, “The judges were impressed by each team members’ command of their business strategy, product design and prototype and how clearly the pitched and supported their concept and go to market plan.” The Leap Insole team chose soccer as the sport they would target and specifically targeted ways to reduce ankle and knee strain. They felt that not only is soccer the most played sport worldwide, it also has the highest number of injuries. Their product, Leap, is the next generation of an intelligent insole. Leap will show you how fast you run, how far you run, how high you jump, how far you kick a ball and, most importantly it improves how you run and jump to reduce knee and ankle strain.
The Leap Insole team will be honored on stage at the Keiretsu Forum’s Angel Capital Expo on November 18, 2015, at Microsoft, 1065 La Avenida Street, Mountain View, CA. Keiretsu is a strategic business sponsor of Camp BizSmart. The Leap Insole team will be guests for the day at this premiere event which runs from 7:30am-5:00pm. The expo features 18-20 high quality, diverse investment opportunities in technology, healthcare/life sciences, consumer products, real estate, and funds. Companies that apply to the Keiretsu Forum are typical in their A or B rounds having already secured initial funding of $500k to $2million from founders, friends, family and individual angels. Students will have an opportunity to meet these company executives, hear their pitches on stage and network throughout the day. The Angel Capital Expo was created to bring together Keiretsu Forum members, as well as members of other angel groups around the Bay Area, and connect them with great companies.
Keiretsu Forum was founded in 2000 by Randy Williams in the San Francisco Bay Area. With 39 chapters and 1,500 accredited investor members, Keiretsu Forum is the world’s largest by invitation only angel investor network. Keiretsu Forum members provide early stage capital in the range of $250k – 2 million in high quality, diverse investment opportunities and collaborate in due-diligence, but make their own individual investment decisions. Through the Keiretsu Forum, more than $600 million of capital has been invested into technology, consumer products, Internet, healthcare, life sciences and real estate companies. For more information, visit www.keiretsuforum.com
To learn more about the Keiretsu Forum Angel Capital Expo on Nov 15, 2015 at Microsoft and to sign up to attend, please see, http://www.eventbrite.com/e/november-18-2015-angel-capital-expo-silicon-valley-tickets-18038974057
This will be the 8th year that Camp BizSmart teams have been honored guests at the Keiretsu Forum and the Angel Capital Expo” said Peggy Gibbs, COO and Founder of Camp BizSmart. A special thanks to Randy Williams, Founder and CEO of Keiretsu and his great team for supporting Camp BizSmart and our young aspiring entrepreneurs. Microsoft, the location of the Angel Capital Expo, has been a strategic sponsor since 2008 so a special thanks to Dan’l Lewin , Sr. VP, and to Microsoft Ventures General Manager, Jim Brisimitzis, as well as Brett Laffel and Brian Gorbett. What a great team you guys are!
It is Important that we thank the many industry experts that came to Camp BizSmart to mentor our students this summer: 2015 company business case sponsors: Jason Fass, CEO, ZEPP Labs; Menko Deroos, CEO, Xicato; Stanley Yang, CEO, NeuroSky; 2015 Camp BizSmart Faculty, each who are industry experts and successful entrepreneurs: Kevin Surace, CEO, Appvance; Erica Rogers, CEO, Silk Road Medical; Rich Hilleman, VP Chief Creative Director, Electronic Arts; Ken Haven, CEO, Acorn Product Design; Annie Xu, General Manager, US Alibaba.com; Lars Barford, CEO, MyPurMist; David Walling, Entrepreneur Consultant, Bill Joos, CEO, Start-up Consulting; Bill Reichert, Managing Partner, Garage Technology Ventures, and James Cigler, executive at Apple. We were honored to have Camp BizSmart Alums, Sarina Vij and Matt Cresci, share their start-up and work experiences. A special shout out and thanks to Jim Sweeney, Dir of the Precourt Energy Efficiency Center for sponsoring Camp BizSmart at Stanford University. You guys were awesome! And of course, our great staff who act as entrepreneur coaches to the students throughout each session. In addition to Microsoft and Keiretsu Forum mentioned above, Camp BizSmart Strategic Business Partners are as follows: Alliance of Chief Executives and CEO, Paul Witkay; Garage Technology Ventures, and Bill Reichert, Managing Director; WAGIC, and VP of Ideas, Ken Johnson. To hear many of these mentors view the following link – CEOs share their thoughts on Camp BizSmart: https://youtu.be/skJ6eHdg72w
Continue to read the Camp BizSmart blog and check out the Camp BizSmart website: www.campbizsmart.org for new updates and information on future programs.