The Regions Foundation has announced the winners of its Business Idea Competition, with Indian student Vamsi Jupudi taking the top prize for his AI-powered mental health app, BrightLyf.
Jupudi, a master of computer science student at Troy University received $2,000 in seed money to further develop and launch the platform, which aims to support college students’ mental well-being.
“This win not only proves that our work is important but also encourages us to improve ourselves even more,” Jupudi said. “We’re planning to use the seed money to officially register the company and launch a pilot program here at Troy University.”
“Before the program, we just had an idea but didn’t know how to turn it into a real business. The program taught us how to raise funds and make better business decisions. Most importantly, it helped us connect with key people at the university who will be valuable partners as we move forward.”
The competition, held at the IDEA Bank, concluded an eight-week course as part of the "TROY Starters: Idea Accelerators powered by Regions Foundation" program. Students pitched their business ideas to a panel of judges, with three participants earning seed funding.
Lynne George, director of the IDEA Bank, said the event’s impact extends beyond financial support. “The main goal of the event is to help students learn how to put together a business plan and pitch and give them a safe space to experiment while growing their confidence. Anyone can come up with an idea, the dedication to the refinement of that idea and the commitment to continuous learning sets apart successful entrepreneurs from the rest," she said.
Market executive John Brown announced that another competition will be held in spring 2025, offering up to $10,000 in seed money for student entrepreneurs.
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