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Students

Origin wins top prize at Venture Adventure Challenge

May 10, 2013
By Steve Porter, Special to Today

Jana and Matt Glanzer won $10,000; 25 hours of accounting and tax assistance; six hours of legal service; 20 hours of consulting time; and four hours of accounting and business process assessment to help bring Cam-Keeper to market.

Origin Ltd., a startup company offering an improvement on the camlock device used by rock climbers, took first place and $10,000 at the first CSU Venture Adventure Challenge held May 3 at Rocky Mountain Innosphere.

Origin’s collapsible cam, called the Cam-Keeper, has a patent pending and is expected to bring in $11.9 million in net income by 2017, according to Origin founders Jana and Matt Glanzer, who told competition judges they have two letters of intent from major retail distribution companies.

Origin also won 25 hours of accounting and tax assistance from EKS&H valued at $5,000; six hours of legal service from Rothgerber Johnson and Lyons valued at $2,400; 20 hours of consulting time from Smart2market valued at $1,650; and four hours of accounting and business process assessment from ASI valued at $2,500.

Day-long event

Twenty individuals and teams from CSU vied for $22,000 in cash and prizes at the day-long event, making their 10-minute presentations before panels of judges of entrepreneurs – including Congressman Jared Polis – and angel and venture capital investors. About 300 people attended the event throughout the day.

Finals competition judges included Peter Adams, Rockies Venture Club executive director; David Gold, Access Venture Partners managing director; Mark Kent, Access Venture Partners executive in residence; Erik Mitisek, Colorado Technology Association CEO; and Brian Thomas, OtterBox president and CEO.

The competition was hosted by CSU College of Business’ Institute for Entrepreneurship. Charisse Bowen, Institute director, said choosing the top five teams was not easy.

“Every team has exceeded expectations as far as their delivery, their concepts and their presentations,” she said. “All the judges were so impressed.”

In fact, one of the judges was so impressed that he made a personal donation on the spot to increase the amount of the awards to the fourth and fifth place teams.

Additional winners

Placing second and winning $6,000 in the competition was Fort Collins Specialty Foods, which is marketing a chocolate chip-enhanced marshmallow for better smores treats.

Third place and $3,000 went to Five Hearts Compost and its Drunken Worm composting system for gardeners.

Fourth place and $2,000 went to The Wild Gym Company, which is producing outdoor fitness equipment for parks.

Fifth place and $1,000 went to Idias BioEnergy, a company whose technology takes CO2 and converts it into valuable algae biomass.

Sponsors for the event included InnovatioNews, EKS&H, Smart2Market, ASI, Rocky Mountain Innosphere, SafeBuilt, Rothberger Johnson & Lyons LLP, Odell Brewing, New Belgium Brewing and Pateros Creek Brewing.


Contact: Charisse Bowen
E-mail: charisse.bowen@colostate.edu