Entrepreneurs Pitch Ideas to Investors at BASE Program Graduation
Ballard Spahr is another nationally recognized law firm that has made a significant investment in the future of entrepreneurship and startups. It’s one thing to put a wad of money into a startup’s pocket, that’s actually the easy part. Law Firms like Nixon Peabody, DLA Piper, Baker Donelson and Ballard Spahr take their investment one step further by offering or supporting programs that directly teach and impact the future of startups.
The Ballard Academy For Student Entrepreneurs (BASE) is Ballard Spahr’s program. The startups accepted into the program are given priceless education in the legaleeze of business and startups. Attorneys from the firm help the startups incorporate and understand legal terminology around growing their businesses, taking on investment, hiring employees and intellectual property protection. Whereas there are a lot of law firms that make one off appearances at incubators and accelerators, Ballard Spahr provides a more in-depth educational process.
Participating startups are also introduced to firm clients and other companies in their network to help grow their businesses. The BASE program graduated 7 startups on Wednesday evening. Those startups pitched to a judges panel that included: Tim Raybould, CEO of TicketLeap, Inc.; Chad Stender, Director of Operations for SeventySix Capital; Holly Flanagan, Managing Director of Gabriel Investments; Allan Domb, President at Allan Domb Real Estate; and Cory Donovan, Program Manager at ImpactPHL.
11 startup companies were accepted into the BASE program this year. Seven companies presented on pitch night. Five companies pitched at the in person event in Philadelphia while two teleconferenced in from the firms New York and Phoenix offices.
Here are the seven startups:
Orai: Started by students at Drexel University, Orai uses artificial intelligence to help companies transcribe and analyze their sales conversations.
Get Me There: Founded by a graduate student at the University of Pennsylvania, Get Me There is a public transportation app that offers departure times and full multi-agency, multi-city transit directions in an easy-to-navigate grid layout.
Korwave: Students from the University of Arizona founded this company, which is developing a mobile, wireless, brain monitoring medical device for patients with epilepsy.
Twine: Started by University of Pennsylvania Wharton MBA students, this start-up has designed software to help companies identify current employees to fill open positions.
Dela: This company, launched by students at the University of Delaware, offers an app that helps barber students track their progress during school and develop their professional careers after graduation.
NeuroFlow: Founded by two graduate students at the University of Pennsylvania, this digital health company uses biometric data in real time to analyze mental stimulation data in order to optimize mental health assessments and performance metrics.
LockIn: Started by Harvard and Wharton MBA students, this company offers insurance for landlords in the case of tenant eviction.
“We’ve seen these students grow so much over the last nine months when they started the program. We were incredibly proud of how professional their pitches were to the investors,” said Gregory L. Seltzer, a Ballard Spahr Business and Finance partner and a leader of the BASE program. “I think several of the companies have bright futures. It was an exciting night.”