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These CU Grads Just Won $100,000

With a high-tech safety gadget for walkers, undergrads hit the jackpot in CU's latest New Venture Challenge.


New StrideTech technology

Timothy Visos-Ely had a lot to celebrate in May: Not only did he and high-school sweetheart Amy Eichman (IntPhys’19) both earn CU °Ēøē³Ō¹Ļ degrees, but Visos-Ely’s souped-up, midnight-gray Nissan Xterra was about ready for summer off-roading.

Also, he’d just won $100,000.

On April 3, before a live audience of about 350, Visos-Ely (EngrPlus’19) and four teammates, all fellow engineering undergraduates, placed first in the 11th annual New Venture Challenge, CU °Ēøē³Ō¹Ļ’s top competition for aspiring entrepreneurs.

ā€œThis means we get to have a decent shot at launching this company,ā€ said the 22-year-old Kansas-bred CEO of , a budding medical device firm that emerged from the team’s senior design project.

In all, 230 students, faculty and affiliates participated in the latest NVC, which this year awarded a record $250,000-plus from a mix of donors, companies and investors.

The StrideTech team designed a digital accessory for walkers intended to improve user health and safety. The device, SmartStep, aims to minimize falls and correct lapses in posture by assessing gait patterns and relaying real-time information about force exerted on the walker.

ā€œVery little weight should be applied to the walker,ā€ said Visos-Ely, whose grandmother’s reliance on a walker inspired the project.

The first-place finish catapults StrideTech’s co-founders into postcollegiate life as bona fide entrepreneurs. This summer, Visos-Ely, Max Watrous (·”²Ō²µ°ł±Ź±ō³Ü²õ’19), Humsini Acharya (EngrPlus’19) and Andrew Plum (MechEngr’19) will work fulltime on their product and company as participants in Catalyze CU, a threemonth business accelerator program. [NVC teammate Tom Saunders (MechEngr’19) has other plans.]

If Visos-Ely gets a breather, he’ll recharge outdoors — hiking, mountain biking, tubing or off-roading in the Xterra. It’s equipped with a suspension he rebuilt himself. ā€œI’ve always liked fixing things,ā€ he said. ā€œThe reason why I work on my truck is to make it better. I find ways to improve it. That’s kind of what inventing is — looking at what’s out there and making it better.ā€

Learn more about the NVC at .

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