The final results are in, drum roll please, the 2019 North American Camp BizSmart Grand Champion Team out of all first place teams from Summer 2019, is: Ekso Bionics team, A Helping Hand. These aspiring young entrepreneurs attended the Camp BizSmart entrepreneur academy this summer at Santa Clara University in Santa Clara, CA. Pictured above is the team following their product innovation and pitch presentation at the Camp BizSmart Competition on July 19th at Microsoft in Silicon Valley. A special thank you to Eksobionics CEO, Jack Peurach and Jason Jones, VP of Product Development for inspiring our Camp BizSmart students to investigate the future of Eksobionics to provide technology designed for the human hand. Thanks also goes to the panel of judges for this competition who were: Tanya Loh, from Microsoft M12, Ed Lambert, Bridge Bank, George Chao, SVIEF, and Jackson Barrett, Camp BizSmart Alum. Here is a picture of the team’s product innovation rendering held by judge Ed Lambert, during the competition:
Congratulations to the Camp BizSmart team: A Helping Hand, who created the product innovation, SRGI, or the Stroke Rehabilitation Glove. Members of the team are: CEO: David Stolyar, CIO/CTO: Ojas Gupta, CMO: Cynthia Wang, CSO: Michael Wisoff, CFO: George Bechwati, and VOC: Rishab Desai.
These future entrepreneurs formed a team, negotiated their positions and decided to take on the Ekso Bionics product innovation business case while being mentored and coached with just in time hands-on learning of business and entrepreneurship skills. The team then brainstormed cool ideas and took on big challenges to create “A Helping Hand” product design which they defended in competition at Microsoft to the panel of investors. This top team demonstrated the values of Camp BizSmart: Character, Courage and Citizenship: Character, knowing the right thing to do, courage, doing the right thing even when it is difficult, and citizenship, teaching the right thing to others. In addition, they displayed the attributes known from research to produce success – Camp BizSmart calls it: ZOG: Zest, Optimism and Grit. At Camp BizSmart, students practice and gain an entrepreneurial approach that is flexible, scrappy, collaborative and unafraid of risk and failure so that they are ready to take on the challenges that inevitably come in life.
A Helping Hand was inspired by the comment from Ekso Bionics executives that they had yet to develop an exoskeleton that would provide assistive technology for the human hand. The team designed “A Helping Hand”, Stroke Rehabilitation Glove, (SRG1), to speed the recovery process of restoring strength and full use of the hand that was damaged by a stroke. Each year, about 795,000 people experience a new or recurrent stroke and of these, 80 percent will lose function of one of their hands. Approximately 610,000 of these are first attacks, and 185,000 are recurrent attacks. • Stroke is a leading cause of serious long-term disability in the US and the team felt that this product would help these individuals not only regain the use and function of a hand damaged by a stroke, but shorten the recovery time and increase results. See the business case here: https://campbizsmart.org/wp-content/uploads/2019-Eksobionics-Business-Case.pdf See biz case video here: Camp BizSmart Ekso Bionics Executive Shares Case Insight
The team created the A Helping Hand, Stroke Rehabilitation Glove to provide effective physical therapy, in a product design that had the ability to produce results and also be more affordable and convenient to use than other options currently available. Should these hands help Stroke sufferers, it could mean the number of patients that have to start raising questions like “What is long term disability insurance?” could decrease, and with the function of their hands as before, they could perhaps find employment a little easier, without having to look for insurances for loss of income. At the moment, the main features include a waterproof and breathable material, motorized fingers, and an online app. The client places the product on top of their hand then Velcro straps all the fingers and wrist. They can either choose to use the glove without power for support or powered with the app for physical therapy and neuron mapping. On the app, they can choose when they want their physical therapy sessions as recommended by their doctor, and they can see their progress and strength development as calculated by the glove. How it works: There are six cylindrical DC motors, one on each finger and one on the wrist. The motors are controlled by a central micro-Arduino chip connected to a Bluetooth chip that can wirelessly connect to the app. The motors are also quite small, 1mm diameter and 2mm height, but are still able to produce enough torque needed to move the finger. The whole system is powered by two 9-volt batteries that last 16 hours and can recharge in 2 hours. Ultimately, however, the team’s main objective was to restore the use of stroke victim’s hands, who used their invention.
The grand prize for the Camp BizSmart Grand Champion Team is to appear and be honored at the Keiretsu Forum’s Angel Capital Expo on November 21, 2019 in San Francisco, CA. The Angel Capital Expo is the premier gathering of the angel investment community, bringing together investors and entrepreneurs looking for funding. Angel Capital Expo is organized by Keiretsu Forum and was created to foster collaboration among angel groups, as well as reach out to the larger investment community. Randy Williams, CEO and Founder of Keiretsu Forum has supported Camp BizSmart as a strategic partner since 2008. For more information about the Keiretsu Forum Angel Capital Expo see: https://www.angelcapitalexpo.com/
Please visit www.campbizsmart.org to learn more about the Camp BizSmart and BizSmart Global entrepreneur experiences created specifically for students age 11- to 19 which take place in the United States and around the world.