Congratulations to Precision Slip, alum of the UMass Amherst Entrepreneurship Initiative and Valley Venture Mentors for making the finals round of MassChallenge and earning a slot in their accelerator program. I am one proud former teacher! 🙂
Precision Slip Pitch: Precision Slip is a superhydrophobic drag reducing surface that utilizes a novel microstructure. This is an early stage technology that has been proven in laboratory tests to reduce skin friction drag by 50%. The results have been peer reviewed and published in Physics of Fluids. This technology has the potential to save commercial shipping companies and the US Navy millions of dollars on fuel costs. There are also many other potential applications for this drag reducing technology to be used.
And if you missed the news, congrats again to two other alumni teams of UMass EI:
- Therapeutic Systems pitch: 1 in every 91 children born in the United States is diagnosed with autism. Our product, based on university research, provides a sensory intervention called deep pressure to patients anytime, anywhere. For many on the autism spectrum deep pressure can improve behavior and anxiety allowing a person to participate in life more fully. We have recently tested and soft-launched our first product with positive feedback; our goal is to develop the insurance reimbursement market and expand access.
- Localocracy pitch: Local Issues matter, but most people don’t have time to spend hours in public meetings. Local governments want better ways to engage a larger portion of citizens, especially in times of tight budgets and cutbacks. Localocracy licenses local discussion and Q&A software to news organizations (such as Boston.com) and local governments. We confirm that users live in the community and are posting with real names and keep citizens in the loop with email updates on the topics they care about.
Mass Challenge blog announcement: http://masschallenge.org/blog/2011-finalists-announcement