BOSTON—Chilvaxx, Boston’s TYE Company finalist won 3rd place amongst groups competing from all over the world at the TYE Global Competition in Portland, Oregon.
This year, the TYE Global Final Business Competition was held last month in Portland. Student teams flew in from Seattle, Vancouver, Atlanta, Boston, New York, Washington DC, Dallas, Austin, Los Angeles, Irvine, San Francisco, Raleigh, Detroit, New Delhi, and Hyderabad to participate in the TYE Global Finals. Teams from Hubli, Kanpur, Jaipur, and Ahmedabad presented their business plans virtually. The winning teams won cash prizes totaling $11,500.
Cash prizes were awarded to the following teams at the TYE Global Finals:
Best Overall 1st Place – Focus Four | TiE South Coast — $4,000. Focus Four produces all-natural, tasty, fruit-flavored chews which provide mental focus and energy for up to four hours. Their goal is to keep students away from unsafe performance-enhancing drugs, improve productivity, and well-being.
Best Overall 2nd Place – eMDream | TiE Oregon — $2000. EmDream makes a simple, at-home test for detecting signs of heart disease using only a saliva sample.
Best Overall 3rd Place – Chilvaxx | TiE Boston — $1000. Chilvaxx strives to save lives by optimizing delivery of vaccines to rural areas. Their aim is to prevent disabilities and deaths due to lack of vaccines for preventable diseases, even in remote areas.
Best Customer Validation – Validrugs | TiE Detroit — $1000
Best Execution – Street Yum |TiE Rajasthan — $1000
Best Business Model– Swab | TiE Vancouver — $1000
Best Teamwork – REGEN | TiE Atlanta and Kare | TiE Seattle — $1000
Best Elevator Pitch – Spry | TiE Washington DC — $500
The TYE Global Program is an initiative to inspire, challenge and empower students to become the next generation of entrepreneurs and business leaders. Teenage youth (grades 9-12) are taught business basics and the essentials of entrepreneurship. Through the TYE program, students develop self-confidence, presentation skills, leadership, and creativity.
Since 2010, the TYE Global Competition has been taking place in a different city each year. Some of the past locations have been Boston, Atlanta, Delhi, etc. Winning teams from around the world are invited to the city where the TYE Global Competition is held, and compete with other students from around the world.
The 2017 TYE Global Finals will be held in Orange County, California, organized by the TiE South Coast Chapter.
“TiE has done a remarkable job in giving students from diverse socio-economic and cultural backgrounds the opportunity to become inventors and entrepreneurs. These students will be driving future economic growth in our state and our country. We’re thrilled that TiE is helping them recognize their ability to solve problems and make a meaningful difference in the world,” Rachel Jagoda Brunette, Program Officer at The Lemelson Foundation, one of the supporters for the TYE Program this year, said in a statement.
For the first time, TiE organized a TYE Science Fair as part of the TYE Global Finals, so that student teams could showcase prototypes of their innovations.
During the year-long TYE program, students go through workshops focused on different aspects of entrepreneurship and create products/companies around their ideas. Students also have the opportunity to hone their business plans with 1:1 mentorship with instructors from the local entrepreneurial community. “I feel that I learned more real-world skills in one year (through TYE) than I have in my 2 years in high school.” says Gabe Sutherland, one of the student participants.
The TYE program not only impacts the students in a very positive way, but also brings together the community of teachers, mentors, local companies and parents, to rally around a common purpose. Several students also receive summer internships with successful startups in their local community, as a result of the TYE program.
TiE Global is a non-profit organization dedicated to fostering entrepreneurship around the World. It was founded in 1992 by a group of successful entrepreneurs in Silicon Valley who wanted to give back to the community. TiE’s mission is to foster entrepreneurship globally through mentoring, networking and education. TiE has 13,000 members in 60 Chapters in 18 countries around the world. TiE will be celebrating its 25th anniversary in 2017.
The TiE Young Entrepreneurs (TYE) Program is an initiative of TiE Global, which is a non-profit organization focused on fostering entrepreneurship. The TYE Program seeks to inspire, challenge and empower students to become the next generation of entrepreneurs. Since 2010, high school students have been coached with the TYE curriculum, in 20 cities around the world. Students learn about entrepreneurship, ideation and business basics, over the course of the school year.
“The TYE Program has taken a leadership role in providing high school students with an opportunity to experience entrepreneurship and connect them with mentors and business leaders from their local community,” said Nitin Rai, Managing Director, Elevate Capital, who is the President of the TiE Oregon Chapter, and a TiE Global Board Member.