Summer Fellowship Highlight Series: YouCOMM

UConn School of Engineering graduates Daniel Yasoshima and Tom Cotton and College of Liberal Arts and Sciences student Jeren Koh have developed a multi-lingual tablet application that provides patients with an easier way to communicate with caregivers, called YouCOMM.

This app has hands-free and voice recognition capabilities that allow patients with hindered movement to also be able to use the device. The goal is to provide specification and prioritization to a caregiver, and thus enhance the quality of care in various healthcare facilities.

Yasoshima states, “The opportunity of expanding our education in business, strategy, marketing, customer acquisition, financing, and using the resources that this Summer Fellowship is providing is so valuable; truly an exceptional way of having our venture move forward. Some of the concepts we are learning is so useful –  not just for YouCOMM, but for life.”

Thus far in the Summer Fellowship program, YouCOMM feels they have learned “The importance of providing value. It’s so critical for us to understand the solution we are offering makes sense and that it is better than what is currently on the market. In addition, there are so many factors that can make or break a venture, and understanding the jobs, pains, gains of each stakeholder is a major contributor of what will drive our success.”

By the end of Summer Fellowship, the YouCOMM team hopes to learn “ the answer of the first question that was posed to us in our first class: do you have a viable business? I would not be in this Summer Fellowship if I did not believe in this venture. It takes hard work, nonstop preparation, and an open mind to continuously move a venture forward and to be able to answer “yes, I do have a viable business”.


Summer Fellowship Highlight Series: Dyadic Innovations

 

The next team to be featured in our highlight series is Dyadic Innovations, composed of Ruth Lucas, UConn School of Nursing faculty, Jimi Francis, University of Texas at Tyler faculty, and Patrick Hocking, UConn School of Engineering undergraduate student. This venture is in the process of designing a breastfeeding diagnostic device that would provide an objective measurement of an infant’s breastfeeding efforts to mothers and clinicians.

 

The team hopes their product will help intensive care professionals to maintain weight gain and improve breastfeeding outcomes of high risk cases.

 

Dyadic Innovations’ entrepreneurial lead Patrick Hocking states the team decided to join the summer fellowship to gain a better foundational understanding of their market, as well as receive guidance in navigating their product to market.

 

“The most important thing we’ve learned so far is clarifying our target market. Identifying the NICU as an early adopter was essential in creating our market map,” says Hocking.

 

When discussing goals going forward, Hocking states that by the end of Summer Fellowship, Dyadic Innovations hopes to better define how their product will fit into the marketplace.

 


Summer Fellowship Series Highlight: Spore

The next Summer Fellowship team highlight is Spore.

 

Spore is led by College of Agriculture, Health, and Natural Resources graduate Cameron Collins and College of Liberal Arts and Sciences graduate James Polo-Lossius.

 

Spore is dedicated to providing local options for fresh or processed gourmet and medicinal mushroom products. They aim to broaden the scope of mushroom varieties available locally as well as offer products that allow those who are not inclined towards mushrooms to enjoy their health benefits.

 

Collins and Polo-Lossius state that they were motivated to join Summer Fellowship because ”the two of us have little business experience and we knew that in order to get our venture off the ground we needed a lot of help with all of the topics that are covered in the Summer Fellowship program. This opportunity offers us priceless experience, as well as resources, that will enable us to make effective and meaningful business decisions.”

 

Over the past weeks of Summer Fellowship, the Spore team feels they’ve learned “how important it is to have a clear definition of not only who your future customers are, but what their personal struggles and victories are in day to day life. Putting ourselves in the shoes of our potential customers has been incredibly helpful for clarifying our path to market and prioritizing goals.”

 

Going forward, Collins and Polo-Lossius hope to “ learn about our individual strengths and weaknesses when it comes to starting a business. That way we can continue to hone our skills where it is needed as well as make the most of our existing strengths.”

 

We look forward to seeing how their venture develops and grows.

 


Summer Fellowship Highlight Series: Snipit

 

 

The teams participating in the 2018 Summer Fellowship cohort have been hard at work all summer advancing their startups. Each team is unique in its vision and goals, and so with this post we would like to begin a team highlight series.

 

Snipit, led by recent UConn graduate Alexander Ciccio and UConn undergraduate students Andrew Burns of the School of Business and Vincent Turnier of the School of Engineering, is a mobile application that provides users the opportunity to efficiently discover and share new music.

 

Entrepreneurial lead Alexander Ciccio explains that Snipit’s mission is to serve as “a social platform that increases the efficiency and timeliness of new music discovery, as well as enables users to promote their own music or share songs amongst a supportive community of listeners.”

 

During Summer Fellowship, the teams are taught many lessons that help them clarify their goals for their company. We asked Ciccio what lesson primarily resonates for him, and he responded that he learned how “the process of starting a business is a lot more strenuous and time consuming than we initially thought.”

 

Although Summer Fellowship has shed light on some potential hardships of entrepreneurship, the Snipit team is undeterred by the challenge and is continuing to push forward and fulfill their dream of creating a mobile application.

 

The knowledge they have gained thus far in Summer Fellowship has led Ciccio and team to adapt their goals and acknowledge which specific knowledge sets they want to gain by the end of the summer.

 

“We hope to have a viable understanding of the detailed steps that we must take in order to see our product come to fruition and serve the market need that we intend to. It is important for us to be able to clearly identify the market we are trying to serve as well as the competition that will challenge us along the way.”

 

When asked what initially prompted Snipit’s desire to join Summer Fellowship, the team answered that, “we decided to join Summer Fellowship to support our growth as a business, both monetarily and educationally. We value the opportunities to work with other startups in similar positions as our team, as well as network and connect with experienced professionals who have knowledge regarding the various processes related to starting a business.”

 

Undergraduate student Andrew Burns joined the team once it was accepted into the Summer Fellowship program, and he notes that what he is glad he has learned from the experience is that although the teams are different, they all can learn from each other.

 


SUMMER FELLOWSHIP 2018 Participants Announced

Monday, June 4 marks the beginning of the eight-week long Summer Fellowship Program run by The Connecticut Center for Entrepreneurship and Innovation.  Ten teams will work under the guidance of industry mentors to develop their businesses from the conceptual phase into market-ready ventures. Each team will receive up to $15,000 in startup funding per team, dedicated mentorship, professional legal and accounting services, connections to fellow entrepreneurs, and professional work and meeting space.

 

Summer 2018 Cohort

 

YouCOMM

UConn School of Engineering graduates Daniel Yasoshima and Tom Cotton and College of Liberal Arts and Sciences student Jeren Koh have developed a multi-lingual tablet application that provides patients with an easier way to communicate with caregivers.

 

EnCapsulate

Armin Tahmasbi Rad, UConn School of Engineering Ph.D. candidate, and Leila Daneshmandi, UConn School of Medicine Ph.D. candidate, are engineering a diagnosis device to determine personalized treatment for cancer.

 

Spore

College of Agriculture, Health, and Natural Resources graduate Cameron Collins and College of Liberal Arts and Sciences graduate James Pololossius are teaming up to produce gourmet mushrooms with sustainable operations.

 

QRfertile

The UConn School of Engineering’s Assistant Professor Savas Tasoglu, Ph.D. candidate Reza Amin, and Ph.D. student Stephanie Knowlton, are developing an in-home device with a smartphone-based automated analyzer to measure male fertility.

 

Snipit

Recent UConn graduate Alexander Ciccio and UConn undergraduate students Andrew Burns of the School of Business and Vincent Turnier of the School of Engineering are creating a mobile application to allow users to collaborate, share, and explore new music.

 

WickAway

UConn School of Engineering graduate Trevor Svec and undergraduate student Philip Gitman are designing self-extinguishing candle accessories.

 

Dyadic Innovations

Ruth Lucas, UConn School of Nursing Faculty, Jimi Francis, University of Texas at Tyler Faculty, and Patrick Hocking, UConn School of Engineering undergraduate student are teaming up to design a breastfeeding diagnostic device that would provide an objective measurement of an infant’s breastfeeding efforts to mothers and clinicians.

Mycozap

Faculty Cindy Tian and undergraduate student Elizabeth Johnson from the UConn College of Agriculture, Health, and Natural Resources are creating a plant-derived antimicrobial treatment for illness in cattle caused by microplasma bovis.

 

WellTech

The UConn School of Medicine’s Faculty Robert Aseltine, and postdoctoral fellows Chonglian Luo and Riddhi Doshi, along with the UConn College of Liberal Arts and Sciences graduate student Wenjie Wang and Undergraduate Student Madeleine Aseltine, and in collaboration with industry mentor Cal Colins, are building a program to assist healthcare providers in collecting patient information to improve quality measurement, increase patient engagement, simplify reporting, and maximize reimbursement.

SAVKAR.AI

The UConn College of Liberal Arts and Sciences’ Faculty Amit Savkar, graduate student David Nichols, and industry partner William Moschella are creating a predictive analytics platform for student retention in STEM fields.

 

Summer Fellowship program is highly competitive with over 79 applicants across 41 teams for the 10 spots in the program.  Applicants came from 8 different schools/colleges and 30 different majors/programs/departments across the University. The ten teams selected for this program have been preparing for the kickoff since March and will spend the 8 weeks of the program launching their ventures.  The program will conclude with a Finale event on August 2nd at the Connecticut Center for Entrepreneurship and Innovation in downtown Hartford in which teams will be ready to present what they learned and will be prepared to take their ventures to the next level.


The Verge Consulting Program: Practical, Experiential & Entrepreneurial

Last summer, I had an excellent opportunity to work with the CT Small Business Development Center (SBDC) and the Connecticut Center for Entrepreneurship and Innovation (CCEI). I was a part of the Verge Consulting team, a program coordinated by CCEI in  collaboration with the SBDC, consisting of six UConn graduate students. As a Verge Consultant or “business consultant”, we worked with SBDC Business Advisors to aid startups and small businesses of the state of Connecticut.

Exposure to startups

One of the primary reasons of my application to Verge Consulting program was the promise of exposure to challenges and business conditions unique to startups. The program certainly delivered on it’s promise. I worked with startups and small business from industries spanning healthcare, medical devices, food, cosmetics, analytics, e-commerce, mobile applications, online education, apparels & technology. I was exposed to a plethora of business factors affecting these industries, which was all brand new information for me learn. Our clients faced multiple challenges some of them unique to their businesses and some were caused by macroeconomic factors. Deciphering their needs and prioritizing them was just the beginning. We carefully curated our services and equipped our clients with required tools, knowledge and advice to face their challenges better.

Entrepreneurial Stories

My favorite part of the program was meeting each entrepreneur. In client meetings we had a chance to meet the founders and executives of the businesses that we worked with. Many times I found myself inspired by their stories because their passion for entrepreneurship was contagious. The challenges, triumphs and mistakes they shared were both thought provoking and contributed to my knowledge and understanding of how to start and sustain a business. The feedback that I received from our clients was also immensely helpful and insightful.

Experiential Learning

Business education was new to me when joining the MBA program and so were many concepts of business. Verge Consulting provided me an opportunity to apply the business concepts that I learned in the classroom to real world business problems. The classroom concepts were a solid foundation to get me started. I learned quickly that there was no predefined way to proceed in a business. We advised our clients and provided them with required tools and knowledge to enhance their capability to face their business challenges to better set them up for growth. For each client and unique challenge they faced, the advice was different.  We had the ability to design analytical dashboards to formulating acquisition, engagement and monetization strategies, all of which were new skills I was able to add to my arsenal.

Excellent Mentors

Our team of consultants worked with and reported to SBDC business advisors. The business advisors are industry veterans who are entrepreneurs themselves. From education at Ivy League universities to years of experience and success stories, their qualifications and subject matter expertise were second to none. They gave us our freedom to learn and enhance the knowledge and skills that was of interest to each of us. Most importantly they tried not to influence our decisions but rather guide us. This paved way for us to define our unique approach to problem solving. This program allowed me to be mentored by the best I could have asked for.

Peer Learning

Our team of business consultants was the cherry on the cake. With our entrepreneurial backgrounds and expertise in various industries and domains we constituted a diverse team. The best element of this team was knowledge sharing. To state a few, I learned market research techniques from Szu-Tung, financial analyses from Keshav, medical device knowledge from Guanwei and search engine optimization from Surya. Our team was dubbed “the dream team”. We were effective presenters who finished each other sentences to a point of scary coordination.  It was combination of our skills and varied areas of interest that allowed us to work with so many different small businesses and startups.  We were each able to contribute to the problems we were solving in a meaningful way, all the while, learning from each other.

Overall, I not only have gained working business knowledge and entrepreneurial skills but also have made friends and mentors for life. If you are looking for a great summer learning experience to work on business problems that would expand your learning and skills, Verge consulting is an excellent program to consider. Learn more about the program through the link below.

https://ccei.uconn.edu/programs/verge/

This post was written by:

Sreeman Kumar Podisetti
MBA, Class of 2018UConn School of Business

 


Winter in Israel: Day 8

Our final day in Tel Aviv was bittersweet, as we knew our incredible journey was coming to an end. We started the day meeting at YL Ventures, a venture capital (VC) firm like many in Israel that focused on early-stage investing. I was astounded that while the US was trending towards less early/seed-stage capital and much more later-stage investments, Israel seemed to embrace their unique VC ecosystem. YL’s Head of Intelligence, Yuval Mond, said it best as I spoke with him walking out of their office. “Because startup companies in Israel focus mostly on the foreign market,” he told me, there must be a system set up that caters to helping these startups get through the countless foreign market hurdles. This allows for a collaborative environment in Israel where companies have to begin bringing their company to the foreign market very early on, where US-based startups have the luxury of often first focusing on their domestic market.

Following our meeting with the intelligent people at YL, our group walked to briefly visit Independence Hall, which was the location of the signing of Israel’s Declaration of Independence in 1948. As excited as we were to see this important place, our worn-out group was nearly as excited when we saw the Aroma Coffee shop at the corner of the street. Instead of refueling on caffeine at Aroma, we saw our trusty driver pull up across the street, and had to quickly head to our next location.

The group in Independence Hall
Outside of Independence Hall

Our group next visited the Old Jaffa market and port. While some split off and went shopping, many of the students walked around and enjoyed the beautiful views of Tel Aviv, dodging numerous “gifts” from the welcoming pigeons on our way to one of the oldest known ports in the world.

 

Old Jaffa Port

Following the walk, we visited Phoenix Insurance Company, the 3rd largest insurance company in Israel, to check out their investment department and recent InsurTech initiatives. While meeting with many of their c-level executives, our group hopes to establish partnerships and apply what we learned to rebuild the city of Hartford.

The view of Tel Aviv from the conference room at Phoenix Insurance Company

Our final meeting in Israel brought us to The Junction, which is an accelerator program that had launched over 125 companies. We experienced the entrepreneurial spirit first-hand when we celebrated with a team who just finished raising $3M in seed money for their startup. You could feel the excitement and promise in the air from those working at the startup, and I realized that this feeling is often what helps drive some of the world’s most innovative people.

At our final dinner in Israel, we all reflected on everything we learned and saw while in Israel. Many of us had realized that Israel is not the country you hear about in the news. It is a country full of innovation and of people extremely prideful of their nation, of chutzpah and falafel. It is astounding that one of the most important areas in biblical times now serves an equally important role in the global innovation economy today.

I can say for myself that I was very moved by what I learned on the trip. It is an experience that I will remember for a long time. I was sad to leave such a beautiful country, but knew it wouldn’t be the last time I’d be in Israel. “Israel is your second home,” our tour guide had said, and boy did I feel at home there.

Post written by: Nicholas Wehrle

Nicholas Wehrle: I am a 5th semester student double-majoring in economics and psychological sciences, with a minor in business. I am passionate about the “business behind innovation”—the space where entrepreneurs and investors collaborate to grow an idea into a successful company. This past summer I interned in Life Science & Healthcare Venture Banking at Silicon Valley Bank. I am an avid reader of The Economist, and enjoy playing rugby at UConn.


Winter in Israel: Day 7

Today was our second to last day of this trip. Heading out the hotel door at 8:30, we went to our first destination for the day, Caesarea. This is an ancient Roman and Byzantine city that was designed and created by Harrod. In it’s heyday, Caesarea was a majestic city by the sea with massive ports to allow for exchange of goods. While walking around the ruins, it was crazy to imagine what the city looked like at its peak. Our tour guide Yoram told us to take a seat at this one section of the ruins and most of us obliged just to find out that we were sitting in the ruins of the old bathrooms of the amphitheaters built in the city. We also had the opportunity to watch a short historical clip on the past, present, and future of Caesarea. We visited the ruins of an aqueduct that was used to bring water from the Mediterranean into the city. The city was an excellent example of how innovative and cutting edge technology of the time helped society flourish. On our way back to the bus, we encountered an entrepreneur who tried to sell us pieces from his extensive scarf and fur coat collection.

The Roman theatre that Harrod designed for large performances.

 

The group sitting on unexpected toilets.

After our visit to Caesarea, we hopped back on the bus for a relaxing ride along the shoreline to Haifa, the third largest city by population in Israel. Haifa is known as a technology hub, with companies such as Phillips and Microsoft having offices there. We drove up the steep roads until we reached the Ba’hai Garden, an area preserved by the people who practice the religion Ba’hai. We looked down onto the gardens from above and learned about the importance of symmetry and of the numbers 9 and 19. They built these garden up on top of a hill and it is rumored that the hill underneath is actually a bomb shelter that the Ba’hai intend to use if the city of Haifa comes under attack. The city of Haifa as a whole is a very innovate city. It is known as a port city to the state of Israel, as it brings in imports that will later be distributed to the rest of the country. Unfortunately, Haifa is also experiencing increased pollution due to many chemical companies creating plants there.

The group at the beach near the aqueduct. We picked up special shells and skipped stones.

 

The view from the top of the Ba-hai Gardens.

Heading out of the city, we stopped at a rest area to check out the acclaimed Aroma, an Israeli coffee shop renowned for their iced coffee. There also ended being a McDonald’s at the same stop, and a few students decided to grab lunch there to compare and contrast an Israeli McDonald’s to that of an American one (also they just wanted a burger with cheese on it, which usually isn’t allowed because of the typical kosher diet).

Full from lunch, we headed to RAFAEL, the primary missile defense company for Israel. This was a particularly special meeting because we all needed background checks and security clearance, completed in advance, to enter the facility. We learned about the dangers that Israel faced as a nation due to its precarious position in the Middle East. As Yoram likes to say, “Israel’s best neighbor is the Mediterranean Sea”. We also learned more about the Iron Dome, a system that RAFAEL helped put into place to help detect missiles that are targeted toward the country. Learning about the company shed some light on the technology and innovation that Israel brings to the global marketplace. For one, the company has been very innovative in designing its missiles. In building one of their rockets, they ended up using the connectors from the Buzz Lightyear and Woody toys from Toy Story to help bring the cost down $4,000, without sacrificing the effectiveness of the missile. RAFAEL is also very collaborative with related companies in the United States such as Lockheed Martin and Boeing by partnering with them to bring technology to the US military. This global partnership and collaboration helps them become a leader in the field. The success of this company and the innovation of their technology is very much driven by their desire to make Israel the best it can be, a foundation that has also helped it become a “start-up” nation.

Our busy day concluded with a visit to a local winery called Jezreel, which specializes in producing Israeli wine. The winery is very young, founded in 2012. It arose due to the founder’s need for wine that fits the Israeli people’s cuisine, climate, and personality. Like many other Israeli companies, this one found a niche in society and capitalized on it. We had the opportunity to learn about the wine making process and ended our tour there with a wine tasting.

We had an extremely busy and productive day. From visiting traditional tourist locations such as Caesarea and the Ba’hai gardens to visiting RAFAEL, a place that most Israelis will never visit in their lifetimes, and a start-up Israeli vineyard, we learned more about Israeli culture and the entrepreneurial spirit that has helped them become such a successful nation in less than 75 years.

Post written by: Amisha Dave

Amisha Dave: I am a senior biomedical engineering major in the Honors Program and plan on attending medical school next year. I am pursing minors in computer science, information technology, and bioinfomatics and through taking classes for minors, I have found myself getting more and more interested in both healthcare technology and startups. In addition, I have been looking study abroad for the last three years and found this to be the perfect opportunity to visit a unique country that integrates many of my interests. I can’t wait to exploring both the historical and entrepreneurial culture of Israel and start off 2018 there!


Winter in Israel: Day 6

As our sixth full day in Israel comes to a close, I find myself already reflecting on the trip two days before we fly home.  Being here has opened my eyes up to not only the differences between the United States and Israel, but the similarities we share as well.

We started off this morning with the Palestinian Internship Program (PIP).  This is a nonprofit that is dedicated to providing young Palestinian professionals with high-level internships at leading companies with the aim of PIP graduates using their experience to contribute to the development of Palestinian technology and innovation.  We spoke with program director Jesse Divon, as well as his successor Anna Gol, about the goals of PIP.  This was particularly interesting for me, because as the trip has gone on, I have begun to focus my research on whether business ties have the power to ease tensions in the Palestinian-Israeli conflict.  For some, this has been seen as an optimistic dream, but with this program I see the possibility in it becoming a reality.  It makes me proud to know that the US is funding this initiative, bringing innovation and technology into Palestine.

Speaking with Jesse Divon, Program Director of the Palestinian Internship Program (PIP)

After PIP, we traveled to IDC Herzliya, a nonprofit private research college located approximately forty minutes outside of Tel Aviv.  There we met up with Professor Levi Shapiro, whose class we would be attending.  After we ate lunch in the outdoor student cafeteria, Shapiro met us at the Adelson School of Entrepreneurship.  We were each given the opportunity to meet with a group of ten students to learn more about them and their final projects in the class, where they had to create a Wikipedia page for an entrepreneur who didn’t have one.  Not only was it interesting to hear about their personal interests in entrepreneurship, but being able to have a conversation with people close to my age from a different culture.  As I have been reminded many times on this trip, our two worlds are not so different, as we shared common thoughts about education, music, and more.  I even had one person in my group who was familiar with Connecticut and where I was born in Chicago as well.

In the lecture hall at Adelson School of Entrepreneurship

Finally, we ended the day at the Pearl Cohen law firm in the Azrieli Sarona Tower, the tallest building in Tel Aviv.  Arriving at the top floor, we were welcomed by the warm sunset overlooking the city and the Mediterranean.  There we met with partner Joel Stein and senior partner Anna Moshe.  They spoke with us on the about the importance of understanding the process of creating a start-up instead of just knowing in stages.  It was interesting to get a lawyer’s perspective of a successful start-up, as well as listen to their thoughts of why Israel is a “Start-Up Nation”.

The Group Overlooking Tel Aviv

This trip has been truly eye opening to the entrepreneurial ecosystem in Israel, as well as the ties between the two nations that have been here all along.  I look forward to continue learning about entrepreneurship not only throughout the rest of the trip, but back in the United States.  I will never forget the experiences I have had and the things I have learned here in Israel, and I am excited to bring these experiences back home with me.

Post written by: Mia Jensen

Mia Jensen: I am a sophomore majoring in Political Science with a minor in ASL/English Interpreting. I am participating in this trip because I have a passion for learning, and am fascinated by the rapid growth of Israel. I am looking forward to discovering how the political climate between Israel and the United States affect business relations, and in turn, if business relations have an effect on the political climate.


Winter in Israel: Day 5

And on the fifth day there was light! Up until this point in our trip, our understanding of what makes Israel’s startup culture unique was almost entirely secondhand. That all changed today with our visits to a couple of successful Israeli “startups,” and to an organization that is committed to building stronger business ties between Israeli and the US.

The day kicked off with our tour guide’s daily download on what President Trump said while we were sleeping. One theme that has emerged during our trip is the strength of the relationship between the US and Israel – both politically and economically. Our guide’s interest in President Trump’s tweets and US policy is not a recent phenomenon, but rather reflects a bond that started in 1948, when, under President Truman, the US became the first country to recognize the Jewish State. President Trump’s decision to see the Jerusalem Embassy Act of 1995 through has undoubtedly made US-Israel policy a hot topic of conversation, but it has also been a decision that has strengthened US-Israeli ties. Based on an admittedly limited sample of daily conversations with local Israelis, President Trump’s decision is not as controversial as it seemed in the US. Interestingly, many of the Israelis that describe President Trump as mashugana (crazy), also tend to respect his chutzpah (boldness) – a trait that Israelis embrace in themselves and one which is often cited as a distinguishing characteristic of Israeli startup culture.

Billboards showing support of President Trump in Jerusalem

Our first meeting of the day was with the US-Israel Binational Industrial Research and Development Foundation (BIRD). Approximately 40 years ago, the US and Israeli governments established an endowment for the Foundation with the stated mission to encourage cooperation between Israeli and American companies by providing funding and assistance in facilitating strategic partnerships for developing joint products or technologies. The idea was to focus on technology that benefits humanity, not on profitability. Because of this, BIRD typically attracts startups in the life sciences or environmental sectors, or projects with longer lifecycles that tend to be less popular with VCs. Similar to the risk-free grants offered to Israeli startups by the Israeli government, if the venture fails, BIRD does not require repayment. It also does not receive equity or IP rights. Since 1977, BIRD has invested in over 1,000 projects, which have yielded direct and indirect revenues of over $10 billion. Over the years, two more endowments have been established – BIRD Energy and Home Land Security/First Responders – reaffirming and promoting the strength of the ties between the US and Israel through entrepreneurial collaboration.

Vendor selling candy in Carmel Market in Tel Aviv

After a quick stop for lunch in Tel Aviv’s Carmel Market, we travelled to the modern planned city of Modi’in to visit BriefCam, where we met with the company’s CTO and Regional Sales Manager. We first heard about BriefCam during our visit to Yissum, Hebrew University’s tech transfer office, on the first day of our trip. In the mid-2000s, Professor Peleg had the idea to develop an AI-driven technology that would make sifting through video as easy as running a search on Google. After having the U.S Department of Defense observe early prototypes – once again highlighting the strong bond between the US and Israel, this time in the university tech transfer context – the engine behind concept, Video Synopsis® began to be more seriously developed, and the company opened a US branch in 2010. The ability to analyze hours of CCTV footage in minutes, or the ability to allow users to search surveillance cameras for, say, every person wearing a red T-shirt or every person walking a particular path, can prove to be an invaluable tool in police investigations. For example, in 2013, the technology was successfully used in the Boston Marathon Bombing investigation to help identify the Tsarnaev brothers. Hartford is another city that utilizes the technology. Tom Edlund, BriefCam’s CTO, credited Hartford with using the technology in innovative ways that has helped drive the development of the technology. Hartford takes a holistic view of safe city security and uses the technology in ways that promote the local economy by decreasing local crime. For instance, Hartford uses the technology to identify drug dealers to make the streets safer for pedestrians, and it uses it during Yard Goats games to make sure that the areas around the stadium remain safe. BriefCam offers a very impressive solution that cities like Hartford is helping to refine and improve. BriefCam is currently working to grow its sales force and target a variety of other industries from retail to urban planning.

A member of Kibbutz Magal describing a drip irrigation solution Netafim developed for UNESCO.

The final stop of the day was at Netafim, located on Kibbutz Magal. Netafim started as a drip irrigation system that was intended to address the local challenges of growing agriculture in a desert with a limited water supply, into a full agriculture solution that touches all aspects of the growing cycle. Netafim is beyond the startup phase and is now a global business that enjoyed over $1 billion in revenue last year. Our tour of the company included a tour of the facilities and the history of the kibbutz’s communist roots and shared communal ideology, which underwent some changes when the community democratically voted to change the ownership model in 2004 in response to the company’s success.

Post written by: Jonathan Hague

Jonathan Hague: I am currently a second-year law student at UConn Law School. I am interested in International Business Law. I enjoy traveling and experiencing new cultures.