Keiretsu Forum Mid-Atlantic Invites West Chester University Business Pitch Winner to Present at Investor Capital Expo
The Seventh Annual Business Idea Competition was co-hosted by the Dr. Edwin Cottrell Entrepreneurial Leadership Center, the Keiretsu Forum Mid-Atlantic, and The Greater West Chester Chamber of Commerce. Ideas were submitted and reviewed by investment angels, entrepreneurs, and business advisors. The top-rated ideas were selected for the Business Idea Finals that took place on April 17th, 2019. The Grand Prize winner, U-Check-It, was awarded $2,500 and invited to pitch before accredited angel investors at Keiretsu Forum Mid-Atlantic’s Investor Capital Expo in October.
Keiretsu Forum Mid-Atlantic is part of a global network of accredited angel investors. As Grand Prize winners, U-Check-It will be given an opportunity to pitch to over 250 accredited investors at Keiretsu Forum Mid-Atlantic’s Investor Capital Expo that will take place at the Union League of Philadelphia in October.
U-Check-It was founded by Alfred Bedell, Alice Bedell, Franklin Chukwu, and West Chester University’s Susan Gans, professor and assistant chair of the psychology department. Their innovative product is an integrated non-invasive health monitoring system that tracks stress and opioid usage in real time. The wearable device will allow prescription opioids to be dispensed only as directed. In addition, it will also be able to monitor a person’s stress levels.
Howard Lubert, Co-Founder of Keiretsu Forum Mid-Atlantic and South-East and Chuck Carter, Keiretsu Forum Philadelphia Chapter President served on the judges panel for the competition. He noted that prize winners in each of the pitch categories came from the Life Science silo and specifically represented innovative medical devices. This is indicative of the focus of many local entrepreneurial ecosystems.
In 2018, members of Keiretsu Forum Mid-Atlantic and South-East invested in 66 emerging businesses of which 55% were from the Life Sciences sector and 32% in the Tech sector. However, one of the significant advantages of pitching in a Keiretsu Forum is that investment deals can be syndicated to other regional angel investment groups as well as the Keiretsu Forum global network.
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WCU’s Edwin Cottrell Entrepreneurial Leadership Center, which recently celebrated its 10th anniversary, serves as the linchpin of entrepreneurship in Chester County. The mission of the Cottrell Center is to foster entrepreneurship across West Chester University and throughout Chester County by preparing students to contribute to the entrepreneurship ecosystem, providing access to a rich network of entrepreneurship resources and enhancing the startup and growth of new ventures to develop a strong WCU entrepreneurship culture and a vibrant Chester County entrepreneurship ecosystem. This year’s pitch event was sponsored by Meridian Bank and Univest..