Science companies compete in Concept $5K pitch competition

Monday, July 18, 2022

Poster: Concept $5K Finals eight teams compete for $5

An immigration app and waste plastic conversion technology were two Science companies competing in Concept's Spring '22 $5K pitch competition. The competition offers the opportunity for University of Waterloo student led companies with innovative solutions and high potential business ideas to showcase their hard work and compete for grant funding. 

During two nights of competition 20 hopeful student teams pitched to a panel of experienced entrepreneurs at the Concept $5K Semi-Finals. Each competitor had just 3-minutes to present their idea and convince the judges it has the potential and viability to succeed. Two companies featuring Faculty of Science students competed - From waste plastic to building material and NEXT: Immigrant Services All-in-One App.

NEXT: Immigrant Services All-in-One App 
Our product acts as a bridge to information and service gaps that will help immigrants integrate into Canada by providing essential functions including housing, language barriers, employment opportunities, etc.
Team members: Jia Qi Liu (Science and Business), Boon Kent Chin (Arts), Chenyong Qin (Engineering), Miley Xu (Environment)

From waste plastic to building material 
Our project is the development of a technology to convert waste plastic into a construction grade material when combined with soil/sand on-site where construction is to take place.
Team members: Master's candidate Boris Nazareth (Chemistry) and Prof. Derek Schipper (Chemistry)

Out of the 20 companies competing only nine advanced to the finals, including NEXT.

Last Thursday, after almost three years and no in-person pitch competitions, Concept welcomed a packed house as students, faculty, friends and family filled the seats at the Concept $5K Final pitch competition. Four companies each won $5,000. The winning companies were: The President Braids, OrientaMED, Symphonic and Tako.

Voting for the People's Choice award is currently open. To vote, please visit Concept's YouTube channel and cast your vote by liking the video of the company you want to win.