News

Announcing the Class for BoomStartup 2018

We’re thrilled to announce the eight companies in the 2018 BoomStartup cohort. This is our 8th class since starting in 2010. This year’s class includes two companies from Utah, New York and Colorado and one each from Michigan and Ukraine.

Founders in this year’s class are bringing new solutions to hard problems in cycling, e-commerce, education, snow management and enterprise SaaS.

As we begin our 8th program in Salt Lake, we’ve made some changes to make the program even more founder-friendly through our customized acceleration plans and online acceleration program. We continue to connect our companies with a fantastic local mentor community, who help the companies accelerate. In addition, we integrate lean practices and principles from Lean Startup experts to help our companies iterate, validate and build their companies faster. All the while, helping the companies connect with investors who can help the companies get to their next value inflection points.

We’re thrilled to present the 9 companies in the 2018 BoomStartup class:

 

Caddell Prep – Provides affordable, personalized test prep with an initial focus on niche tests, where competition is low.  Glyn Caddell, Anthony Heath. (Staten Island, NY)

 

EcoTecSnow – Helps ski resorts reduce their top expenses (snow making, snow moving and snow grooming). Daniel Osborne, Chris Nyberg. (Eagle, CO)

 

                   Fish Tank – Connects fish stores, fish-keepers and breeders with a                               location-based marketplace app. Dimitri Podoliev (Ukraine)

 

InScribe – An AI supported Q&A platform that connects higher education and corporate learners to resources. Katy Kappler, Ana Hernandez, Matt Self (Denver, CO)

 

Knowledge Locker – A smart knowledge base that enables organizations to self-serve, empower employees, teams. Jack Thorogood, Pavel Kundas (Troy, MI)

 

SuccessKit – Helps B2B sales and marketing teams leverage their customer success examples to improve   close rates. Julian Lumpkin, Daniel Litt (Port Washington, NY)

 

Tannus – Enabling cyclists to ride without ever getting a flat through airless tire solution. Dave Ballard, Ryan Cook, Sterling Peterson          (Spanish Fork, UT)

 

Workglue – Streamlines sales process, business management, profitability for small to mid-sized service-based companies. John Busick, Robert Stoeber (Salt Lake City, UT)

ShopHero Expands Service

ShopHero expands grocery delivery into new stores

Provo-based ShopHero recently announced its expansion into stores in 30 different states and three countries. This is in addition to the 18 Utah independent grocers already in ShopHero’s network.

Grocery delivery continues to expand nationwide, and ShopHero helps smaller independent grocers offer the service to their customers.

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Vutiliti Launches HotDrop a Revolutionary Energy Monitoring Device

Vutiliti Launches HotDrop a Revolutionary Energy Monitoring Device

Vutiliti (pronounced “view-tility”), a Utah company, unveiled its revolutionary new device called “HotDrop” at the Solar Power International trade show in Las Vegas earlier this month. HotDrop is an affordable energy monitoring device that installs in seconds and provides real-time energy load information wirelessly over great distances, solving the greatest pain points of energy monitoring.

“The response from the energy industry is extraordinary,” says Steve Ellis, CEO of Vutiliti. “Monitoring electricity usage at any level has traditionally required electricians and time-consuming installations with expensive equipment. HotDrop has changed everything about that, and the industry leaders instantly recognized these amazing benefits for their bottom lines.”

The HotDrop, at the size of a 9-volt battery, fits anywhere and is powered through a unique and patent-pending approach that requires no batteries or wiring to install it. With a typical installation time of less than 10 seconds, and a real-time, long-range wireless communication system that transmits miles away, HotDrop is designed for the toughest environments where reliability, real-time information, and distance are vital. A HotDrop device is configured in seconds through Vutiliti’s mobile app.

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RoviTracker: The Link Between Humans And Equipment

RoviTracker: The Link Between Humans And Equipment

While Alain Eav consulted for a heavy equipment manufacturer, he learned what a nightmare it can be to manage equipment. “The industry likes to keep things pretty simple,” Eav explains. “That means using a whiteboard or magnetic board to keep track of their equipment, client, service record, rental dates, etc.” You know what seems risky to me? Keeping track of insanely expensive machinery ON A WHITEBOARD. AN ERASABLE WHITEBOARD. You get one disgruntled employee with a paper towel and you’re toast.

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Varkain Contributes $100,000 toward Pre-Seed Round for Vutiliti

Varkain Contributes $100,000 toward Pre-Seed Round for Vutiliti

Varkain, a venture capital group based in Las Vegas, has contributed $100,000 toward the Pre-Seed Round for Vutiliti. Vutiliti (pronounced “view-tility”) gathers and provides real-time information on utility usage (electric, gas, water, renewables) so that consumers, businesses, and governments can monitor and budget utility usage. Vutiliti’s mobile and web programs guide consumers to actual consumption reduction, saving them money while reducing usage of water, gas, and electricity generation.

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Zizzle: Learning Chinese Just Got Easier

Zizzle: Learning Chinese Just Got Easier

Anyone who has tried to learn Chinese formally, or has simply looked over written Chinese characters can recognize the complexity and difficulty that comes with learning to read and write Chinese. Zizzle is a Germany-based company which has set out to make this process a little easier, creating an app that utilizes storytelling and pictorial devices to create a better way for Chinese learners to read and write Chinese characters.

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