HTC Client Shower Stream Brings Home $35K in TNVC Competition
HTC client company Abstract Engineering took second place in this year’s Texas A&M New Ventures Competition (TNVC). The Company’s Shower Stream innovation is an Internet of Things smart shower for hotels that helps them save water, energy and money while improving their guests’ shower experience.
EPA studies show that the first 2 minutes of a typical 10-minute shower are wasted due to bathers leaving their shower unoccupied after it has warmed-up. Shower Stream eliminates this waste with a motion-activated shower head adapter which saves buildings water, energy and money on their utility bills every month.
The 2017 Texas A&M New Ventures Competition (TNVC) brought an experienced lineup of judges including Graham Weston, co-founder of Rackspace Hosting, and Dr. Billy Cohn, renowned heart surgeon and vice president at Johnson & Johnson’s Center for Device Innovation at the Texas Medical Center in Houston.
This year’s lineup was an impressive group of startups with companies from across a wide spectrum of fields including infrastructure analysis, medical devices, clean technology and artificial intelligence. The 2017 prize pool was the largest yet at $300,000 in cash and in-kind services.
According to M. Katherine Banks, vice chancellor and dean of Texas A&M Engineering and director of TEES, the event was another good example of the emphasis on entrepreneurship at Texas A&M.
“Entrepreneurism is the cornerstone of the Texas A&M Engineering program,” said Banks. “We support this competition to help our faculty, students and researchers take great ideas and move them into the marketplace.”
The competition was open to Texas-based companies seeking to bring new or enhanced technology to the marketplace, and required the companies in the pre-seed/seed, start-up or early growth stages to pitch their ideas to judges that included angel investors and venture capitalists, experienced entrepreneurs, non-profit founders, legal professionals, patent experts and banking/investment professionals.
The companies were previously selected from a larger pool of applicants prior to the event. As part of the competition, participants received personal coaching and access to mentor strategists as they developed their competition business plans and presentation pitches.
Full list of winners:
1st – $50,000 – IntuiTap Medical
2nd – $35,000 – Shower Stream
2nd – $35,000 – NHC, Inc. (Otricath)
4th – $15,000 – Clear River Enviro, Inc.
5th – $10,000 – Thermascape Technologies
6th – $5,000 – Fortis Biosciences
Elevator pitch competition:
1st – $5,000 – GuidaBot, LLC
2nd – $3,000 – Sensytec
3rd – $2,000 – Resthetics
TMCX investment prize + accelerator admission – Resthetics
TMCX Accelerator admission – GuidaBot
InnovateX/RVF Prize – Shower Stream
Cleantech Prize – Wells Fargo/TEES Clean Energy Incubator – Claridge-Culp
Ramey & Schwaller IP Legal Services Prize – Fortis Bioscience
Biotex Investment Prize – IntuiTap Medical
Amerra Visualization Services Prize – Thermascape
AM Innovation Center Prize – Thermascape