Five companies win first Beaverton $100K Startup Challenge
Five young companies – all of which propose to make life on Earth a little bit better – are winners of the first Beaverton $100K Startup Challenge.
Each of the new companies will receive a $20,000 cash investment plus a years worth of free rent and services including business coaching from Beaverton-based Oregon Technology Business Center.
The city of Beaverton and the Westside Startup Fund each contributed $50,000 to help the five startups accelerate their businesses.
The five winners chosen from more than 60 applicants are:
Cliqa – A mobile payment platform that allows immigrants to fund domestic and international prepaid accounts and avoid expensive calling cards or transaction fees (micliqa.com)
DroneSeed – A faster and 10 times less expensive way to replant trees using an innovative combination of drones and software (droneseed.co)
Goumikids – Baby apparel that really works and gives back to the community (goumikids.com).
QuickBeam – Pursuing new therapeutic treatment for methamphetamine addiction (quickbeambio.com).
Senaptec – Makes products that assess, analyze and improve vision and sensorimotor skills (senaptec.com).
Each one of these five dynamic companies has a groundbreaking business idea, Mayor Denny Doyle said in a news release announcing the winners and pledging ongoing support.
We're looking forward to working with this first cohort of challenge companies, said Steve Morris, executive director of OTBC, which is located near the Beaverton Central MAX station and Beaverton City Hall.
OTBC and city officials encouraged early-stage growth businesses with the ambition and potential to scale into national and international markets to apply.
The complete package provided to the winners includes:
$20,000 cash convertible-note investment
Co-location in rent-free office space for one year at OTBC
Discounted legal and accounting services
Human resources and marketing assistance
Gigabit speed internet connectivity by Frontier Communications
OTBCs top-rated coaching and mentoring services
OTBC entrepreneur workshops
For more information: otbc.org/beavertonchallenge.JW_DISQUS_ADD_A_COMMENT