Tulane Innovation Institute reveals the winners of the $50K Demo Day pitch competition

The Tulane University Innovation Institute proudly reveals the winners of the $50K Demo Day pitch competition, held on Thursday, March 14, as part of the New Orleans Entrepreneur Week (NOEW) 3rd Coast Venture Summit.

This event showcased the work of ten startups that the Tulane Innovation Institute had previously supported through the Green Wave Innovation Network Mentorship (GWIN) program, educational webinars, previous pitch competitions, or other Tulane University programming from the Albert Lepage Center for Entrepreneurship and Innovation or the Phyllis M. Taylor Center for Social Innovation and Design Thinking.

President Mike Fitts, and Dr. Kimberly Gramm, the David and Marion Mussafer Chief Innovation and Entrepreneurship Officer at Tulane, congratulate the winners of the $50K Demo Day Pitch Competition. Photo by: Cheryl Gerber

The event spotlighted groundbreaking startups based in the New Orleans area using innovation to find solutions to the region and world's problems.

Claiming the first-place prize of $25,000 is Informuta. This healthcare company aims to revolutionize infectious disease detection and enable precision medicine through AI/ML-driven next-generation sequencing (NGS) data analytics. Informuta's vision aligns with addressing a pressing public health issue, where antibiotic resistance results in deaths and significant direct medical costs. Informuta was previously awarded additional grants from the Tulane Innovation Institute, including $50k from the Provost's Proof of Concept Fund and $2.5k from Open MIC (Medical Innovation Challenge) Night in March 2023. Tulane School of Medicine student and PhD trainee Kalen Hall and Tulane Alumni of the Bioinnovation PhD Program Leo Williams founded the company. Informuta also receives GWIN mentoring from Jura Zibas, Larry England, and Dean Teffer.

In second place, EquallHealth secured $15,000 in funding. With software designed to streamline the health insurance appeal process through AI, EquallHealth addresses a critical administrative burden contributing to provider burnout and patient harm. It was co-founded by Tulane Medical and School of Public Health student Claire Romaine, who has received GWIN mentoring support from Leslie Evans.

Cantaloupe AI captured the third-place spot, earning $10,000. As a service and hospitality industry recruiting app, Cantaloupe AI tackles the challenges of high turnover and job dissatisfaction. Its streamlined hiring process promises to reduce costs and improve satisfaction for hospitality industry applicants and recruiters. It was founded by Tulane A.B. Freemen School of Business alumni Rich Simmerman and Connor Gleason and their business partners Joshua Anderson and Lane Degenhardt.

Additionally, TUGS, founded by Howard Moore, received an honorable mention and a $5,000 prize for its innovative household topical solutions to reduce the discomfort caused by braiding and styling thick, curly hair. Tugs has received GWIN mentoring support from Harris Jones, Jeff Goldman, and Steve Ralff.

"As board members of the Tulane Innovation Institute, Tulane Innovation, and Entrepreneurship Council, we enjoyed attending the Pitch competition.”, said Shannon and Mike Acks.  “It is exciting to see the creativity, determination, and ingenuity exhibited by these new founders. We proudly support the university’s efforts to nurture the next generation of entrepreneurs and shape future leaders in innovation and technology. We wish all of today’s participants much success, and we look forward to following the progress of these innovative companies.”

Before the contest, The Tulane Innovation Institute engaged Aaron Foss, an Adjunct Instructor of Management and Entrepreneurship at Hofstra University and an accomplished serial entrepreneur, to work with the ten finalists on their pitch decks and presentations.

"We are thrilled to have had the opportunity to award this funding to four local startups dedicated to starting innovative businesses in our community," said Kimberly Gramm, the David and Marion Mussafer Chief Innovation and Entrepreneurship Officer at Tulane. "The Tulane Innovation Institute offers support, resources, and services to not only members of the Tulane community but also emerging startups in our city."

This event demonstrated The Tulane Innovation Institute's commitment to fostering an ecosystem of access and resources to boost entrepreneurship and the creation of successful businesses in our city and region.

Source:

https://innovation.tulane.edu/demo

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