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DifferenceMaker celebrates 10 years of entrepreneurial success

 

Alumnus Brian Rist '77 talks about why he and his wife are proud to support UML's Rist DifferenceMaker Institute, which recently celebrated its 10th anniversary.
Alumnus Brian Rist '77 talks about why he and his wife are proud to support UML's Rist DifferenceMaker Institute, which recently celebrated its 10th anniversary.

 鈥16 remembers shaking as she nervously took the University Crossing stage to pitch her team鈥檚 wearable personal safety device to judges at the 2016 DifferenceMaker Idea Challenge.

Five years later, Abdelaziz was filled with gratitude as she took the stage for the 鈥檚 10th anniversary celebration at Moloney Hall.

鈥淚 would not be standing here if it wasn鈥檛 for DifferenceMaker,鈥 said Abdelaziz, whose collaboration with electrical engineering alumni Ray Hamilton 鈥17 and  鈥16 has turned into one of DifferenceMaker鈥檚 biggest success stories: , a smart jewelry and accessory company that eclipsed $1 million in sales in its first year on the market and  with home security leader ADT.

Dozens of DifferenceMaker alumni from the past decade recently joined judges, mentors and sponsors to celebrate the success of the campus-wide program, which engages students in creative problem solving, innovation and entrepreneurship and culminates in team pitch competitions.

鈥淩eal-world experience solving real-world problems 鈥 that鈥檚 what our faculty and students do, and that鈥檚 why DifferenceMaker was a no-brainer for us,鈥 said Chancellor , who, as executive vice chancellor in 2011 worked with Steven Tello, now vice provost for graduate and professional studies, to build the program.

鈥淲e said from the beginning, DifferenceMaker is not a business plan competition,鈥 Tello said. 鈥淲e want to raise awareness, seed ideas, move people forward, help them develop skills and help them launch businesses. And that we鈥檝e done.鈥

Jonathan Perez de Alderete '13, who co-founded Nonspec after winning the inaugural DifferenceMaker competition in 2013, shares his business journey at the anniversary celebration.
Jonathan Perez de Alderete '13, who co-founded Nonspec after winning the inaugural DifferenceMaker competition in 2013, shares his business journey at the anniversary celebration.

So far, 40 companies have been formed from DifferenceMaker student ventures, attracting $5 million in funding and generating over $4 million in revenue.

One of the first was , a company that makes affordable and adjustable prosthetic limb kits. It won the first Campus Wide DifferenceMaker contest 鈥 and a $5,000 top prize 鈥 in 2013.

鈥淲e鈥檙e kind of the older sibling of the DifferenceMaker family,鈥 said  鈥13, who co-founded Nonspec with  鈥14, 鈥17.

They鈥檝e raised over $2.5 million and provided customizable prosthetic limbs to thousands of patients in India, Rwanda and Laos. De Alderete said they鈥檒l be releasing their first products in the U.S. in the next six months.

鈥淭hat support structure of DifferenceMaker is huge when building your company,鈥 he said.

 鈥18, co-founder and director of , a nonprofit that educates children, parents and teachers about online safety, agreed.

While the $6,000 prize for winning the 2017 Campus Wide DifferenceMaker contest was 鈥済reat,鈥 Cote said the program鈥檚 business lessons along the way were a 鈥済ame-changer鈥 for someone who double-majored in political science and criminal justice.

Vice Provost for Graduate and Professional Studies Steven Tello is presented with a gift from Chancellor Jacquie Moloney, left, and DifferenceMaker Director Holly Lalos during the anniversary celebration.
Vice Provost for Graduate and Professional Studies Steven Tello is presented with a gift from Chancellor Jacquie Moloney, left, and DifferenceMaker Director Holly Lalos during the anniversary celebration.

鈥淲e came into DifferenceMaker with a class project mentality; we left with a business mentality,鈥 said Cote, whose organization has already reached over 2,000 people in Massachusetts.

While 136 DifferenceMaker teams have won more than $525,000 in prize money over the past decade 鈥 either in first-round, college-based competitions or in the year-ending $50K Idea Challenge 鈥 even those that don鈥檛 take home a top prize have gone on to success.

, a mat system that simulates walking outdoors for physical therapy patients, received an honorable mention at the 2019 Idea Challenge. With support and encouragement from DifferenceMaker Director , company co-founders Michelle Mailloux 鈥17, 鈥20 and Katie Muise 鈥17, 鈥20 have gone on to win several other startup competitions, including the Beantown Throwdown, where they beat out teams from Harvard and host MIT.

鈥淒ifferenceMaker has empowered us by providing an opportunity to engage our clinical mindset in a business setting,鈥 Muise said. 鈥淲e are so excited to continue to grow with them.鈥

Manning School of Business alumnus Brian Rist 鈥77 first became involved with DifferenceMaker as a volunteer judge seven years ago. He and his wife, Kim, made a $5 million gift to UML in 2019, when the program was renamed the Rist DifferenceMaker Institute.

鈥淲hen I look back at not just the winners, but all the participants we鈥檝e met over the years, I feel truly blessed to have witnessed so many noble and worthy participants,鈥 said Rist, founder of Florida-based Storm Smart, the country鈥檚 largest manufacturer and installer of hurricane protection systems. Rist sold the company last year and created the Rist Family Foundation to focus on charitable endeavors.

DifferenceMaker alumna Rajia Abdelaziz '16 talks about the hypergrowth of her company, invisaWear, since winning the $50K Idea Challenge in 2016.
DifferenceMaker alumna Rajia Abdelaziz '16 talks about the hypergrowth of her company, invisaWear, since winning the $50K Idea Challenge in 2016.

鈥淥f all the wonderful and worthy causes that we support, this is truly the one that鈥檚 nearest and dearest in our hearts and thoughts,鈥 Rist told the audience.

Abdelaziz, who double-majored in electrical engineering and computer science, recalled turning down a job at Google so she could focus on invisaWear, which received $4,500 for winning the Idea Challenge鈥檚 Innovative Technology Solution category in 2016.

鈥淭hat initial money allowed us to build prototypes that we then took to investors to raise additional funding,鈥 said Abdelaziz, who thanked Lalos for connecting her team with the Lowell Development and Financial Corporation for their first loan.

Abdelaziz hinted that more big news was coming soon for invisaWear.

鈥淚 can鈥檛 wait to tell you guys more about that at our next celebration,鈥 she said.