PROVIDENCE – Nishita Roy-Pope, founder of WorldRoo Learning Lab, was named the winner of the Rhode Island Business Competition’s Elevator Pitch Contest on Nov. 10 at Venture Café.
WorldRoo Learning Lab is a multimedia, subscription-based app for ages 3-6 with a focus on key learning skills, including science, technology, engineering and math, global languages and building confidence.
Roy-Pope was selected among more than 28 entrepreneurs who pitched their business idea to a panel of three judges: Doris Blanchard, director of Small Business Programs at the R.I. Commerce Corp.; Alex Pirri, vice president and small-business banker at Bank of America Corp.; and Brian Spero, CEO and president of Beacon Mutual Insurance Co.
Participants had 90 seconds to present their idea to a panel of judges and an audience, with the format drawing from the concept of “the time you’d have to share an elevator ride with a potential investor,” according to organizers. A total of $1,000 in cash prizes was awarded.
Participants were judged on presenting a clearly defined problem and solution, financial potential, having an executable plan and the overall quality of their pitch.
Yuzhou Wang was the second-place winner. Her company, InterEye Therapeutics, is a startup whose mission is to develop IL-24 polypeptide as a treatment for uveitis, an eye inflammatory disease.
Diane Kamada was the third-place winner. Her product, The LapSnap, helps people in wheelchairs increase their independence by enabling them to do more tasks themselves, such as shopping and household chores.
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