Oxford students secure six figure investment deal

first_imgTwo Oxford students have secured a six-figure investment for their online business after winning the support of a London development firm.The founders of GroupSpaces, which was set up in 2007 and provides online tools such as mailing lists for club and society organisers, this week announced that a consortium of business ‘angels’, including the London-based Avonmore Developments, has agreed to help fund their company. At the age of 22, founders David Langer and Andy Young are the youngest ever members of Oxford Entrepreneurs Society to receive venture funding.The GroupSpaces team had to pitch their business plan at an investment meeting run by Oxford Early Investments, an ‘angel’ network that helps young companies earn the backing of investors. The two were inspired to create their company after their experiences running various clubs and societies. Langer used to be a Blues Table Tennis captain and a Vincent’s Club (the Oxford Blues’ society) member whilst Young had a long-running stint as Vice President and IT Officer at Oxford Entrepreneurs. After a visit to Silicon Valley, the duo visited the headquarters of Facebook, Bebo and Google and were further spurred on to create GroupSpaces. Langer graduated from St Anne’s College last year and is the Chief Executive Officer of the company. He said of their success, “I’m delighted to be working with some really experienced investors. They have been working with young companies for the last eight years and I fully believe that they can help make GroupSpaces a big success.” The manager of Oxford Early Investments, Eileen Modral, said, “We were pleased to help GroupSpaces to raise the crucial funding they need to progress the development of their innovative software.” With their new funding, the team now plan to expand their business outside of Oxford. Young said, “We have started talking to other universities but we want to ensure we are getting it right first by focusing on Oxford, which is quite demanding in itself anyway.” Asked where he imagines himself ten years from now, Young said, “I hope to be successfully running the company and to perhaps be embarking on a new venture.” by Katherine Halllast_img read more

‘Brooklyn Castle’: Boy Fights Attention Deficit Disorder (ADD) With Game of Chess

first_imgHealthLifestyle ‘Brooklyn Castle’: Boy Fights Attention Deficit Disorder (ADD) With Game of Chess by: – November 26, 2012 Tweet Share Sharing is caring! 14 Views   no discussionscenter_img Patrick Johnston, 11 when “Brooklyn Castle” was filmed, learned concentration and perseverance from the game of chess. (Courtesy Elizabeth Spiegel)Patrick Johnston is surrounded by a legion of champions at Intermediate School 318 in Brooklyn, N.Y., where the after-school chess club players have won 26 titles, more than any other junior high in the country.At 11, he struggles with attention deficit disorder and is the lowest-rated player on the team. But he has ambition. He practices his skills seven days a week, hoping to reach the modest goal of ranking at a middle level.“I just want to win,” the bespectacled kid with the intense eyebrows says. For Patrick and his teammates, it’s more than a game as their trophies and banners fill the hallways of I.S. 318 in the Williamsburg section of Brooklyn. Chess requires patience, long-term planning and the knowledge that every move has a consequence.“Chess is fantastic for kids in a world where you can’t concentrate for more than 10 minutes,” fulltime chess teacher Elizabeth Spiegel, the “brains of the operation,” says. ” It makes it a valuable tool.”Spiegel’s team — a multiracial collection of kids for whom chess is both a passion and a way out of poverty — are the central characters in “Brooklyn Castle,” a documentary that is now showing in 14 cities and is a hopeful contender for the Oscar short-list this week.The film follows Patrick and four other players, starting three years ago, through their triumphs and losses against the backdrop of budget cuts at I.S. 318, a public school where more than 70 percent of the families live below the federal poverty level.Unlike many disadvantaged schools, where chess players would be a “pariah,” “the geeks are the athletes” at I.S. 318, principal Fred Rubino, who died in April and to whom the film is dedicated, said in the film.He and assistant principal John Galvin were the driving force at the school, fiercely protective of the after-school programs that pay for children to have opportunities their parents could never afford.Since 1997, the chess club has grown from 10 to 80 players in the sixth, seventh and eighth grades. And until their travel funds took a hit, the team criss-crossed the country by plane and train, winning one competition after another.In her first solo film, director Katie Dellamaggiore said she didn’t set out to crusade for teachers and after-school programs.“I didn’t have an interest in chess at all, and I wasn’t looking for a story about public education,” she told ABCNews.com.Dellamaggiore, a 34-year-old Brooklyn native, had read about a talented chess player at a local high school, but was steered instead to I.S. 318, where younger players were aspiring winners.With young, exuberant players, “It was so much richer in material,” she said. She began interviewing in 2008, but the narrative took an unexpected turn when the economy tanked and, as a filmmaker’s side bonus, the school was required to make $1 million in budget cuts.Parents, teachers and students rallied to raise funds. “You have to put a human face on what might be seen as a line in a budget,” Dellamaggiore said.Justus Williams had a natural gift for chess and had already rated in the highest range at age 11. He was selected to join the U.S. Chess Federation’s All-American Team, but the pressure to live up to expectation nearly paralyzed him.Rochelle Ballantyne, 13, and the highest-ranked player on the middle-school team, wanted to prove she could be the first African-American female master in the history of chess. But the demands of high school were derailing her dreams.Pobo Efekoro, a physically towering 12-year-old whom the director calls “a charismatic force of nature,” becomes a mentor to other team members. And, as a bonus theme, he runs for class president as “Pobama,” on a campaign to restore funds for student programs.Alexis Paredes, 12, is the second-best player. He wants to parlay his success and get into one of New York City’s elite high schools so he can become a doctor or lawyer and support his immigrant parents. But the entrance test is daunting.Patrick is not one of the chess superstars, but his determination to win, in spite of his ADD, impressed Dellamaggiore.“It surprised me; he talked so candidly about it,” she said. “I really like how Patrick was so self-aware of what his setbacks were and he spoke openly with his mom about it at the kitchen table.“As filmmakers we realized that the conversation about ADD can get messy and judgmental,” said Dellamaggiore. “We wanted to be really honest about one kid’s experience and what we were observing. It’s not something to be ashamed of or embarrassed about.”By SUSAN DONALDSON JAMES ABC News Share Sharelast_img read more