Since its founding 21 years ago, Henry A. University. The Panasci J. Buffalo Technology Entrepreneurship Competition (Panasci TEC) has inspired and financially stimulated some of WNY’s outstanding startups. The highly acclaimed competition was partly thanks to its creators – the UB School of Management and the UB Business Partnership and Entrepreneurship Office – with a funding of $ 1 million by the late Henry A. Panaschi Jr.
This fierce competition (albeit exciting) is helping to prepare the teams to coach and mentor some of the region’s best tech-savvy teams to get started. Winners are not only rewarded with funding, but are also recipients of cash prizes. This year’s winning team – Opollo Technologies (Aint’s healthcare startup) – was deprived of 30 first-round picks and 11 semi-finals.
Two entrepreneurs behind Opollo, Ryan Young, MD / MBA ’21 and Anders Rosen, MBA ’21, managed to win the $ 25,000 award along with in-kind services worth $ 27,000.
Opollo will use increased funding and in-kind services to further strengthen its cloud a machine learning algorithm that predicts the accuracy of surgery and thus allows customers of its medical facilities to “free up” the extra time that is then set aside for health insurance companies on the Opollo exchange. Technology is basically switching these time slots, which are usually unpredictable and rarely used, by converting them into an efficient work schedule.
“Our experiences at UB have been amazing,” says the young (main character), founder and CEO of Opollo. “There are so many people in the university and the larger Buffalo startup community who are leaving everything to help you!”
Second place award $ 10,000 was awarded to Layer Slayers, which calls it “a private cloud-based learning platform for 3D printing that allows companies to take advantage of additional manufacturing technologies.”
A The People’s Choice Award in the amount of $ 1,000 was presented to BOSQ, the start of a breast pump that provides an “individual experience” for breastfeeding mothers.
Main image: Ryan Young, MD / MBA ’21, Jacobs School of Medicine and Biomedical Sciences / School of Management. Photo: Douglas Lever.