On January 28, the Alumni Entrepreneurs Fund (AEF) Feedback Panel met at Venrock’s Palo Alto offices to listen to and review the pitches of the Fall 2016 finalists. Following the feedback panel’s recommendations, Provost David S. Lee *99 announced that Princeton University will make a $50,000 investment in two companies: BoxPower and WellSheet.
In addition to seed funding, the alumni founders were drawn to AEF for the mentorship and networking opportunities it affords. “The program opens up with a once-in-a-lifetime opportunity to pitch to some of the most influential venture capitalists in Silicon Valley,” said Craig Limoli ’12, founder of WellSheet. “Such an audience would be impossible to gather anywhere else, and the chance to continue a relationship with mentors from that group is invaluable.” Aaron Swartz ’17, co-founder of BoxPower, agreed: “AEF’s Feedback Panel Day was more than an investment opportunity; it was a rare and inspiring occasion to receive honest feedback from over a half-dozen distinguished alumni, a meeting with any one of whom would have been a privilege.”
Not only does AEF help cultivate relationships between established alumni and recent alumni startups, it also offers an educational component critical to fledgling companies. “AEF opens up a wealth of resources paramount for an early stage company at a time when we need it most, to establish ourselves in the market,” Limoli said. “AEF is a monumental force for innovation and entrepreneurship among Princeton alumni.”
AEF’s Spring 2017 round is now open. Applications will be accepted until April 1.
About the Alumni Entrepreneurs Fund (AEF): Supported by the generosity of entrepreneurial Princeton alumni, AEF provides recent alumni startups up to $100,000 in matching funding, in addition to mentorship and peer-to-peer learning opportunities throughout the year. Alumni who receive AEF support serve as mentors to students, helping to advance the University’s education mission and cultivate its entrepreneurial ecosystem.
About BoxPower: BoxPower is the world’s most powerful service-off-grid energy utility, providing the installation, maintenance, and management of intelligent modular infrastructure. The startup was co-founded by Angelo Campus ’16 and Aaron Swartz ’17.
About WellSheet: WellSheet uses machine learning to create a one-sheet view of a complex patient, obviating the need for clinicians to dig for data. The WellSheet algorithm and intuitive user interface relieves strain on medical staff, improves efficiency and ensures that no key details are missed. WellSheet was founded by Craig Limoli ’12.