FunLPro Technology LLC Winner of Startup Day 2015 Pitch Competition

(Knoxville, Tenn) – Bryan Crosby with FunLPro Technology LLC claimed the winning pitch prize during Startup Day 2015 on Thursday, November 19, 2015 on the U.S. Cellular Stage at The Bijou Theatre in Downtown Knoxville.

Bryan Crosby, FunLPro Technology LLC, received $5,000 from sponsor BOBA (Business Owners Benefits Association). The winning pitch was one of seven heard during the annual Startup Day, now in its third year.

This was the first time Startup Day has announced a pitch winner and offered prize money.

“We’re pleased to be able to present Bryan Crosby this honor and look forward to seeing how FunLPro Technology grows in the future,” said John Ballinger, COO and co-founder of BOBA. Ballinger, a distinguished military veteran and small business champion, founded BOBA in 2007 with the vision of returning financial balance to those contributing the most to the U.S. economy. BOBA offers small business owners and non-profit organizations a solution for reducing costs, controlling risks, and advising on the many issues associated with operating a successful business or organization, to include; payment processing, HR compliance, insurance, risk management, training and legal services.

Bryan Crosby is the co-founder and CEO of FunLPro Technology LLC, which produces a patented closure system for fluid containers that provides a lengthy, extendible, and directional pouring spout within the closure system itself. FunLPro eliminates the need to purchase, store, and reuse separate pouring devices such as traditional funnels that allow spills and contaminants to be present in the transfer process.

Judges David Kereiakes, Senior Associate, River Cities Capital Funds; Angel Gambino, CEO, Alchemists Collective; and David Belitz, Chattanooga Renaissance Fund; scored all presentations on a variety of criteria including value proposition, market and sales strategy, distinctive competence and growth potential.

“We are proud of all the entrepreneurs and look forward to seeing them continue to grow their businesses,” said Shawn Carson, Director of Tech 2020 and Startup Day Steering Committee member. Tech 2020 is also a Startup Day sponsor. “This was a tough competition, filled with tremendous talent. All of the entrepreneurs are to be commended.”

More than 500 business leaders, investors, and entrepreneurs attended the annual event. Startup Day 2015 featured Angel Gambino, an international entrepreneur and Detroit native who moved back to her hometown from London to energize the community, founding Alchemists Collective. The first ever Traction Award was also presented to a Startup Day alum who has made the most progress over the past few years. ARiES Energy received the award, sponsored by UT Federal Credit Union.

About Startup Day

Several organizations that share in the mission of promoting new ideas and businesses host Startup Day, an annual event that showcases Knoxville as a destination for startups and entrepreneurs. The event is hosted by: The University of Tennessee Research Foundation, Oak Ridge National Lab, Launch Tennessee, Pershing Yoakley & Associates, Tech 2020, Knoxville Entrepreneur Center, and The Anderson Center for Entrepreneurship & Innovation at The University of Tennessee, Knoxville. http://knoxvillestartupday.com/

About Bryan Crosby and FunLPro Technology LLC

Bryan Crosby is the founder and CEO of FunLPro Technology LLC, which produces a patented closure system for fluid containers that provides a lengthy, extendible, and directional pouring spout within the closure system itself. FunLPro Technology eliminates the need to purchase, store, and reuse separate pouring devices such as traditional funnels that allow spills and contaminants to be present in the transfer process. FunLPro is bottled on to existing container systems through existing assembly line processes and eliminates the need for end users to purchase, store, and utilize a separate pouring system when transferring fluids.

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ARiES Energy Recipient of Startup Day’s first Traction Award, Sponsored by UT Federal Credit Union

(Knoxville, Tenn) – ARiES Energy, an alternative energy solutions company launched in 2011 by founder Harvey Abouelata, is the recipient of Startup Day 2015’s first Traction Award. ARiES Energy presented a Power Pitch during the first Startup Day in 2013. The announcement was made during the Startup Day program at the U.S. Cellular Stage at The Bijou Theatre in Downtown Knoxville.

Myra Hamilton, AVP of Business Lending with UT Federal Credit Union, the sponsor of the award, presented it to Abouelata during the Startup Day program in front of 500 business leaders, investors, and entrepreneurs in attendance.

“We are pleased to sponsor this award and give it to such a deserving recipient as Harvey and ARiES Energy,” said Hamilton. “Harvey’s contributions to the alternative energy solutions market in the East Tennessee are significant and his idea began just three years ago with a Startup Day pitch.”

Since its Startup Day introduction, ARiES Energy has merged with PHG Energy (PHGE) and Thompson Machinery.  The alliance provides customers with the strength and reach of Thompson Machinery, the high level of engineering capabilities of PHGE, and the innovation of ARIES’ energy technology. These resources enhance ARiES’ ability to provide collective customers with customized cost effective solutions by deploying the very latest in reduction and energy technology.

“It’s a great honor to receive the first ever Traction Award at Startup Day 2015,” said Abouelata. “We’ve experienced tremendous growth in ARiES and we wouldn’t be as successful without the support of Knoxville’s entrepreneurial community.”

In just a few short years, ARiES developed the first proton power gasification system at Wampler’s Farm Sausage; signed a contract for Sevier Solid Waste’s waste to energy gasification system; and installed multiple commercial, residential and off-grid solar systems, including a 1.37 megawatt community solar project agreement underway for Appalachian Electric Coop. Doubling in sales every year, expanding from four to nine full-time employees, ARiES’ recent merger increases the company’s buying power and bonding capabilities, further enhancing the success of an evaluation process that includes monitoring customer habits and feasibility studies.

“ARiES Energy has proven how a startup can grow quickly, gaining the traction needed to become a fully operational company, making an impact on not just the East Tennessee community but the nation by providing alternative energy solutions,” said Jim Biggs, Knoxville Entrepreneur Center (KEC) Executive Director and Startup Day Steering Committee member. KEC is also a Startup Day sponsor. “Harvey and ARiES are very deserving of the Traction Award. ARiES represents the true entrepreneur spirit.”

About Startup Day

Several organizations that share in the mission of promoting new ideas and businesses, host Startup Day, an annual event that showcases Knoxville as a destination for startups and entrepreneurs. The event is hosted by: The University of Tennessee Research Foundation, Oak Ridge National Lab, Launch Tennessee, Pershing Yoakley & Associates, Tech 2020, Knoxville Entrepreneur Center, and The Anderson Center for Entrepreneurship & Innovation at The University of Tennessee, Knoxville. http://knoxvillestartupday.com/

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Largest Series A Funding in the Region Announced at Startup Day 2015

(Knoxville, Tenn) – One of the largest Series A funding investments in the Southeast was announced today at Startup Day 2015, an annual event celebrating Knoxville’s startup and entrepreneurial community. General Graphene Corporation, led by serial entrepreneur Vig Sherrill, is the recipient of an investment from Angel Capital Group, a national syndicate of angel groups and funds.

“We are pleased to announce the Series A investment in General Graphene,” said Eric Dobson, Angel Capital Group Chief Executive Officer. Angel Capital Group is one of the largest angel networks in the country and is headquartered in Knoxville, Tennessee. “General Graphene demonstrates the Angel Capital Group investment philosophy, which is to find the real innovator in the nation’s heartland who has demonstrated science and technology that can ultimately have worldwide impact.”

General Graphene, introduced by Sherrill during a Startup Day 2014 Power Pitch, will manufacture graphene, one of the most expensive substances on earth, making it affordable for material innovators throughout the world. At only one atom thick, graphene is harder than diamond; 200 times stronger than steel; 1,000 times the current carrying capacity and 20 times more thermally conductive than copper; impermeable to all substances known; inert in the human body; anti-microbial; corrosion resistant; flexible and almost transparent.

“We’ve developed the technology that will enable the mass production of high quality graphene at a low cost,” Sherrill said. “Angel Capital Group’s funding will allow us to make the machine that will then in turn make the graphene. We will build our first prototype in Oak Ridge, Tennessee and get into pre-production.”

General Graphene has licensed a graphene synthesis process developed by Oak Ridge National Laboratory that overcomes limitations of previously used techniques.

“Our approach represents a major step toward the goal of cost-effective industrial roll-to-roll graphene manufacturing,” said ORNL co-inventor Ivan Vlassiouk. “We appreciate General Graphene’s entrepreneurial vision and expertise in transitioning our scientific research to the commercial marketplace.”

According to Dobson, General Graphene is a perfect fit for Angel Capital Group’s funding model—a model that brings angel investors and entrepreneurs together in an environment that celebrates innovation, rewards strategic risk-taking, and focuses on performance.

“Our model is that we find the real true innovation, that you can touch, feel and see the scalability potential,” he said. “General Graphene is real; it can be scaled up and grown to maturity. We are excited to be a part of this world-changing investment.”

The use of graphene is only limited by the imagination of the user. The substance itself has virtually unlimited applications.

“Imagine having tires that only weigh two to three pounds; airplane wings that weigh a hundred pounds; and clothing that becomes bulletproof based on the fact that its made out of graphene,” Sherrill said. “That’s the potential of graphene. Nobody is using it now because you can’t buy enough to use; you can’t get the material to experiment with because it’s too expensive.”

Now with the Angel Capital Group’s Series A funding, General Graphene has the foundation needed to mass-produce high quality, low cost graphene.

“Angel Capital Group gets all the credit for making this possible,” Sherrill said. “They put together a model that worked for us.”

Angel Capital Group and one syndication partner have extended General Graphene a term sheet for the entire round and it will be completed by November 30, 2015.

About Startup Day

Several organizations that share in the mission of promoting new ideas and businesses, host Startup Day, an annual event that showcases Knoxville as a destination for startups and entrepreneurs. The event is hosted by: The University of Tennessee Research Foundation, Oak Ridge National Lab, Launch Tennessee, Pershing Yoakley & Associates, Tech 2020, Knoxville Entrepreneur Center, and The Anderson Center for Entrepreneurship & Innovation at The University of Tennessee, Knoxville. http://knoxvillestartupday.com/

About Angel Capital Group

Angel Capital Group (ACG) is a syndicate of angel groups and funds. The network brings angel investors and entrepreneurs together in an environment that celebrates innovation, rewards strategic risk-taking, and focuses on performance. ACG believes creating economically sustainable cities, regional economic impact, and wealth are the keys to restoring our country’s economic greatness. ACG aggregates exciting deal flow across the nation and over many industries for science and technology enabled startup companies. ACG consolidated its operations with RAIN Source Capital in 2015. The combined entity enjoys a storied 10 year history and has invested approximately $46M in 135 companies across a variety of market sectors. The combined portfolios have created over 4,500 jobs and $750M in follow-on capital investments by other funds. http://theangelcapitalgroup.com/

About General Graphene

Led by a seasoned team of entrepreneurs and manufacturers, General Graphene has developed a manufacturing system that will provide graphene sheets in industrial quantities at marketable prices making this miraculous material available to the material innovators of the world.  While others may have also developed the ability to make large sheet graphene, General Graphene has focused its efforts on making graphene affordable for mass applications. The General Graphene team includes Vig Sherrill, CEO; Greg Erickson, CFO and Buzz Patrick, COO. http://www.generalgraphenecorp.com/
To view General Graphene’s power pitch from Startup Day 2014, visit: http://startupday2014.com/presenters/vig-sherrill/

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The Time Is Now. Seven Pitchers, One Chance to Win Cash and Make Dreams Come True.

Your cheat sheet to the startups taking the stage at Startup Day, 2 p.m. to 5 p.m. Nov. 19. at the Bijou Theatre. More
information and a full agenda are available at
http://knoxvillestartupday.com/schedule/.

Contendersstartup-day-logo

Additerra Additerra offers a Web application and e-commerce platform to custom manufacture, price and distribute parts quickly, based on 3-D files uploaded by customers. The company, based at Technology 2020, provides prototyping and production services with 3-D printing. “Knoxville is a very exciting place to be right now for advanced manufacturing,” said founder Will Sames. “I’ve personally had previous development projects fail due to long lead times and high costs on custom parts. Our business is solving that problem.”

Website: https://additerra.com/

RadiantWear RadiantWear offers a line of clothing for women undergoing treatment for breast cancer. The tops use various fasteners to provide discreet access for various medical tests and follow-up care. “My mother, Linda Henderson, created the first top for me last year when I was going through radiation therapy for breast cancer,” said founder Marva Solt. The top “removed the psychological hit of having to put on a hospital gown every day,” Solt said. The design is now patented and they’re looking to expand the line for other types of patients.

Website: https://radiantwearclothing.com/

SimPath Simpath will commercialize technology from Oak Ridge National Laboratory to reduce the time researchers spend on work other than “true science” by providing quick, reliable, DNA synthesis and assembly. “My desire to start a company that does DNA synthesis and assembly was created by another desire: to have a meaningful impact in science,” said founder Rob Moseley, who is also pursuing a PhD. “I plan to show how important DNA is and how helping researchers be more productive can improve all of our lives.” The company was also one of 13 contenders at the recent Vol Court pitch contest.

FunLpro Technology Is a patented closure system that eliminates spills and messes when pouring chemical fluid products by integrating a pouring spout within the product’s container cap. The company has partnered with KenJo Lubricants to include the FunLpro on motor oil products in KenJo stores across Tennessee. A second agreement will see FunLpro sold separately in all truck stop locations where IdleAir has operations.

Founder: Bryan Crosby

Website: http://funlpro.com/

SpareTime Entertainment SpareTime Entertainment is the next iteration of Baracksdubs — a series of YouTube videos featuring musical mashups with President Barack Obama singing popular songs — that creator Fadi Saleh has grown to nearly 1 million subscribers over the past three years. To turn that hobby into a business, Saleh developed a proprietary content search and management system, Optimus, to search for video clips on the Web and speed up his editing process. Now that platform can go further, building remixes from a variety of entertainment types and eventually letting users create their own. Saleh successfully took the idea through the Knoxville Entrepreneur Center’s Media Works digital media accelerator earlier this year.

Founder: Fadi Saleh

Website: https://www.youtube.com/user/baracksdubs

RDI LLC RDI LLC provides an optical technology platform capable of measuring motion, vibration and displacement not visible to the human eye in real time. Originally used in baby monitoring, the company has expanded to critical infrastructure and manufacturing machinery.

Founder: Jeff Hay

Website: http://www.rdi-technologies.com/

Anyroam Anyroam looks to increase connectivity in the research and education community through the eduroam service. The service provides Wi-Fi roaming services that will securely accept a user’s local logon credentials at other partner organizations.

Founder: Philippe Hanset

Website: https://www.eduroam.us/