$100K Startup Challenge to help launch companies
The second-annual Beaverton $100K Startup Challenge is accepting applications from startups interested in taking their businesses to the next level.
The challenge was first launched for the 2016 calendar year by the City of Beaverton and the Oregon Technology Business Center (OTBC).
For 2017, five winning startups will be headquartered in OTBC and receive $20,000 or more in funding, along with incubation services and regular meetings with investors.
Last year more than 60 entrepreneurs applied, Mayor Denny Doyle said in a news release. The five winners have received significant investment interest from around the county, have hired more staff and seen a rise in sales. This has been a big win for our city and OTBC.
The sponsors encourage for-profit, early-stage growth businesses with the ambition and potential to scale into national and international markets to apply.
Applicants must have a two- to five-member team with at least one team member working on the startup full-time. Applicants may be self-funded, grant-funded and/or have investor funding of up to $250,000.
Applications are due Sept. 30, with winners named in early December.
The 2016 challenge winners included DroneSeed and Goumikids, both subjects of past stories in the Beaverton Valley Times.
Other winners of the inaugural competition include:
n Senaptec, which uses technology to improve athletic performance
n Quickbeam, developing pharmacotherapeutics for treatment of methamphetamine addiction
n Cliqa, remittance by paying bills instead of sending money