Beaverton Startup Challenge winners chosen
Five businesses have been selected from a pool of nearly 50 applicants as winners of $125,000 in the sixth annual Beaverton Startup Challenge, the Oregon Technology Business Center announced Monday, Dec. 7.
The challenge is put on by the Oregon Technology Business Center, a nonprofit incubator that works to promote new businesses in Beaverton and provide local entrepreneurs with the support they need to get off the ground, in collaboration with the Beaverton city government and "angel investors."
The incubator says the Beaverton Startup Challenge "seeks for-profit, early-stage growth businesses with the ambition and potential to scale in a national or international market."
This year's winners are:
• Cococao — A health-conscious snack company that combines chocolate and coconut into "chocolatey bites of paradise." The company started selling its creations at farmers markets in 2016.
• Cozera — A cybersecurity company that offers what it calls a "verified digital identity credential" called COZI, designed as a more secure alternative to traditional ID verification.
• Regal Dreamzzz — A pillow company that has created an integrated, ergonomically friendly system of pillowcases and inserts. Originally designed for use in senior care facilities and hospitals, it can also be used with recliners and airplane seats.
• Masa — An online marketplace for farmers to market their products virtually, reaching a wider range of customers than they could at an in-person farmers market.
• Toolr — A mobile app for time tracking and reporting, intended to help businesses that have a mobile workforce keep track of employees' hours. The app was designed with industries like construction, agriculture and hospitality in mind.
Each winner of the Beaverton Startup Challenge receives at least $25,000 in funding, as well as one year of office space, mentoring and other services provided by the Oregon Technology Business Center.
Since 2016, the Beaverton city government has been providing a $50,000 grant for the annual competition. The Oregon Technology Business Center announced that well over a dozen angel investors matched that grant this year to put up additional funding.
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