{"id":48560,"date":"2017-12-18T16:07:45","date_gmt":"2017-12-18T21:07:45","guid":{"rendered":"https:\/\/brocku.ca\/brock-news\/?p=48560"},"modified":"2018-01-04T16:05:58","modified_gmt":"2018-01-04T21:05:58","slug":"monster-pitch-finalist-lifepoints","status":"publish","type":"post","link":"https:\/\/brocku.ca\/brock-news\/2017\/12\/monster-pitch-finalist-lifepoints\/","title":{"rendered":"Monster Pitch finalist: LifePoints"},"content":{"rendered":"

This is the first in a series of four stories featuring the finalists of Monster Pitch, the annual student business competition hosted by the Goodman School of Business student club Brock Innovation Group. This year\u2019s competition will be held at the FirstOntario Performing Arts Centre Monday, Jan. 8.<\/em><\/p>\n

\"\"<\/a>

Ethan Foy checks over the mobile application his team developed called LifePoints.<\/p><\/div>\n

The rewards are starting to add up for Ethan Foy.<\/p>\n

The fifth-year neuroscience student from Oakville, is working on his business idea called LifePoints.<\/p>\n

The mobile application rewards users for time spent at a fitness facility with points they can later cash in at local businesses. The application is now live on the App Store for iPhones, with a version soon to follow for Android users.<\/p>\n

Foy will be presenting LifePoints on the stage at the upcoming Monster Pitch competition Monday, Jan. 8 at the FirstOntario Performing Arts Centre.<\/p>\n

It\u2019s a moment he\u2019s had his eye on for more than a year.<\/p>\n

LifePoints had been percolating in Foy\u2019s mind since before last year\u2019s Monster Pitch and his goal was to one day join the finalists on the stage to share his vision with the judges.<\/p>\n

Having previously worked as a student ambassador with BioLinc, Brock\u2019s business incubator run by the Goodman School of Business, he was familiar with the resources that would benefit him when it came time to launch his own business.<\/p>\n

Foy began to work on his idea for LifePoints and it paid off at the end of last year\u2019s event, when BioLinc announced that he was one of two recipients of the Deborah E. Rosati Entrepreneurship Award, which provided him with mentorship and funding over the summer while he worked full time on his business.<\/p>\n

\u201cThe Monster Pitch funds would be much more beneficial to me now than they would have a year ago because I\u2019ve benefitted from the mentorship that came with the award and I\u2019ve been able to develop and build the product further, which I don\u2019t think would have happened without the award,\u201d said Foy.<\/p>\n

Foy is passionate about the idea of having customers receive monetary rewards, and has designed his mobile application as an experience-driven reward platform, breaking away from the conventional loyalty model companies use to reward customers for their purchases through accumulated points and product discounts.<\/p>\n

\u201cI fell in love with the idea of being able to provide a monetary reward for every other aspect of life, outside of work life,\u201d said Foy.<\/p>\n

The business currently focuses on the fitness industry, but Foy has plans that stretch beyond that.<\/p>\n

\u201cThe model we are using allows us to pivot into any market with relative ease. We\u2019re starting in the fitness industry, but it would be very easy for us to transition into other areas. That\u2019s really where the end goal of LifePoints lies \u2014 to be able to reward individuals for living their life.\u201d<\/p>\n

Monster Pitch will see four shortlisted student entrepreneurs pitch their business ideas before a panel of judges for a chance to win a funding and startup services package worth $14,000.<\/p>\n

The event is hosted by the Brock Innovation Group in partnership with the Goodman School of Business and BioLinc and is sponsored by Spark Power Corp.<\/p>\n

The judging panel includes David Chilton, author of The Wealthy Barber<\/em> series, and returning judges Bruce Croxon, co-host of BNN\u2019s The Disruptors<\/em> and CEO of Round 13, Deborah Rosati, corporate director and co-founder of Women Get On Board, and Jason Sparaga, co-founder and co-CEO of Spark Power Corp. and founder of Spara Capital Partners.<\/p>\n

Tickets for the event are on sale for $5 through the FirstOntario Performing Arts Centre Box Office.<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The rewards are starting to add up for Ethan Foy. The fifth-year neuroscience student from Oakville, is working on his business idea called LifePoints.<\/p>\n","protected":false},"author":22,"featured_media":48561,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[119,39,1,4],"tags":[592,5632,594,1638],"_links":{"self":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/48560"}],"collection":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/comments?post=48560"}],"version-history":[{"count":3,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/48560\/revisions"}],"predecessor-version":[{"id":48667,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/posts\/48560\/revisions\/48667"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media\/48561"}],"wp:attachment":[{"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/media?parent=48560"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/categories?post=48560"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/brocku.ca\/brock-news\/wp-json\/wp\/v2\/tags?post=48560"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}