Blog: December 2013

Dec
20
2013

michael inwald

Name: Michael Inwald

Startup: Cheeseboy

Industry: Food service / franchise

Summer Fellowship Year: 2009

Michael Inwald (SOM '10) opened his first Cheeseboy: Grilled Cheese to Go joint — offering grilled-cheese takeout — in Milford, Connecticut, in 2009. Cheeseboy was selected for the YEI Summer Fellowship in 2009, while Inwald was an SOM student.

Highlights:

  • Started by using $20,000 of his own funds to operate grilled cheese stands at county fairs around Connecticut.
  • Named “Generation Next Entrepreneur to Watch” by CNNMoney.
  • Has sold more than $5 million in grilled cheese sandwiches to date.
  • Named by Nation’s Restaurant News in 2013 as a top 50 “Breakout Brand.”
  • Currently has 11 locations across New England, employing over 130 people.
  • Has given away over 40,000 sandwiches through a charity project with Paul Newman’s Serious Fun Network.
  • Sold its 1 millionth sandwich in July 2013.

**Remember: Applications for this year’s Summer Fellowship are due on Wed., Jan. 22 at midnight. Think you could be the next YEI Success Story? Learn more and apply here!

Read More
Dec
16
2013

By Brita Belli

yei holiday party 2013

Earlier this month, the Yale Entrepreneurial Institute hosted some of its mentors, supporters and student startups for a holiday party that included an update from three promising just-launched companies from the most recent Summer Fellowship as well as a mini pitch competition featuring four startups-in-development from the Venture Creation Program.

Showcasing their latest accomplishments were TummyZen, makers of an antacid based on Yale-patented zinc technology; Spylight, designers of a website and app to purchase clothing and goods seen on TV programs in real time; and Dextro, a team that has designed an algorithm to allow computers to recognize and identify images and videos as textual summaries.

For the pitch competition, the top prize ($1,500) went to Play2Prevent, a startup being formed around a high-impact mobile game designed by Yale professor Lynn Fiellin, a specialist in drug abuse, addication and HIV, with business assistance from Olivia Zhao (SOM '15). The engaging game teaches high-risk kids to make better decisions regarding their health and well-being through cause and effect scenarios.

tummyzen

Hasan Ansari (SOM '14) tells the attendees about the benefits of TummyZen.

spylight

Aly Moore (BA '14, MPH '15) shares the Spylight story.
 
See more of the YEI Holiday Photos on our Flickr page. All photos taken by Cynthia Hua.
Read More
Dec
02
2013

max uhlenhuth

Name: Max Uhlenhuth

Startup: SilviaTerra

Industry: Forest Management

Summer Fellowship Year: 2010

Max Uhlenhuth (YC '12) was one of the founders of SilviaTerra, which created technology to collect forestry data from satellites, cutting out the need for traditional on-the-ground methods that were highly time consuming, inefficient and expensive. The patent-pending program is able to analyze millions of acres of forest inventory at unprecedented speeds.

Highlights:

  • Max started the company in 2009 as an undergraduate at Yale with Zack Parisa (FES '11) and Chad Oliver, Yale forestry professor and director of Yale's Global Institute of Sustainable Forestry.
  • He was the former president of Yale Entrepreneurial Society and a web startup founder.
  • SilviaTerra won the $25,000 Sabin Envirosummer nmental Venture Prize in 2010.
  • By 2012, SilviaTerra had earned revenue upwards of $200,000 from five different timber company clients.
  • The startup was a finalist in the $25,000 Lippman Prize in 2012.
  • SilviaTerra won a $5,000 Best Technology Business Plan prize from Connecticut Innovations in 2010.
  • In 2012, Forbes named Max one of America’s top college entrepreneurs.

Read More