RIT Industrial Design students Angela Corrado and Alex Dupont along with teammates Jared Rube and Steven Asselanis were selected this past Wednesday as 1st place winners in the 2013 RIT Shark Tank Competition, sponsored by the Saunders College. The students received a $2,000 prize for their concept Turas, which means “journey” in Irish. The team pitched a plan to make luggage with a built-in device so the luggage can be tracked if it’s lost. The team members proposed to sell the luggage in various sizes and prices, ranging from $700 to $900, and to tap into the $12 billion a year luggage industry.
A total of six teams competed in the Simone Center for Student Innovation and Entrepreneurship. They were selected from 50 teams that applied. Each team had five minutes to explain their business idea, followed by about five minutes of questions from the judges. The ideas were judged on uniqueness, feasibility, and the ability to impact people. RIT ID student Tegan Spinner pictured to the right with team mate Ben Drobiz also pitched a concept for the Canalyzer, a recycling bin that will add up the value of the cans or other recyclables that are put inside it.
Read more about this on a featured article in the Democrat and Chronicle and the RIT University News.
Congratulations to Angela and Alex for winning and all the other students who participated in this event.