As former competitors in the 2017 Showcase, Tempas has a lot to share when it comes to growing a startup in its second year.
We’ve spent a good part of this past year understanding the legalities around our business model...we can’t wait to unveil Tempas at the 2018 Showcase.
— Matthew Fanelli '20
Imagine a mobile platform that allows college students to manage their social and academic schedules -- in a single app -- while granting friends access to plan club meetings, study sessions, and dinners off campus. This might sound like a no-brainer, but at present there isn't an all-in-one, easy-to-use platform that college students can use to coordinate their academic and social lives. That’s where Tempas comes in, the business idea developed by now-sophomores Matthew Fanelli, Seamus O’Brien, Ashley Ramirez, and Abigail Sakati. Tempas was first pitched at the 2017 Fairfield StartUp Showcase, the University’s annual entrepreneurship competition.
Walking away with $8,500 from last year’s Showcase, the Tempas developers knew they had their work cut out for them, and they were up for the challenge. One piece of advice they received from investor panelist Hugh Davis '95 was that it’s not necessarily the company that’s first to market that wins, it’s the best to market. Taking this to heart, the Tempas team stalled their original plans to build an app to launch in the fall of 2017 and dedicated the summer to further refining their business model and networking with established entrepreneurs and alumni through Fairfield’s Summer Fellows Program.
As a previous Showcase competitor, Tempas will return to the 2018 StartUp Showcase on April 26 to talk about the progress they’ve made over the last year, and to unveil the prototype for their mobile platform. They’ll also share details about their business model and how it has evolved.
“We see a two-sided market for Tempas,” said Matt Fanelli ’20. “There are local businesses, like restaurants who we want to advertise with us to let students know about weekly promotions as they make plans off campus, and there are college students who will use the app. We’ve spent a good part of this past year understanding the legalities around our business model and working with a consultant to build the platform. We can’t wait to unveil Tempas at the 2018 Showcase.”
Don’t miss Tempas and the other 2018 StartUp Showcase teams that will make business pitches to a panel of investors as they compete for seed money in front of a live audience on Thursday, April 26 at the Quick Center for the Arts. Doors open at 6 p.m. and the Showcase starts at 6:30 p.m. Don’t delay, reserve your seat today!
Can’t make it to the Showcase? You’ll be able to watch the action live on Facebook.
For more information about entrepreneurship opportunities at Fairfield visit fairfield.edu/entrepreneurship.