Extensive Beach, Calif.–(Business enterprise WIRE)–The 11th annual Sunstone Innovation Challenge declared the 2021 winners immediately after its final pitch presentations Wednesday, April 7 above livestream. Sunstone Management, an intercontinental investment decision agency based in Long Seashore, partnered with California Condition University Very long Beach front (CSULB) to sponsor the university’s annual startup opposition.
4 teams of college students from the schools of health and human providers, organization and engineering participated in the finals to present innovative strategies and full organization options. Each individual team also benefitted from independent professionals and university mentors. The finalists have been judged by a panel of successful business owners and investors in the local startup scene.
According to Dean Michael Solt, “Even however the opposition was held pretty much this 12 months because of to the pandemic, we experienced great submissions from our learners. I am really very pleased that all of the planning and mentoring that transpired on line was valuable to the teams competing in the Sunstone Innovation Challenge. It is heartwarming to know that the creative imagination and innovativeness of our learners was not diminished in the digital globe.”
The 2021 winning startup was VITALINK, a biotech smartwatch accent that makes use of current monitoring and a dermal caffeine dosage program to take care of users’ strength ranges. Second position went to UNWIND, an very affordable, personalized meditation software that grows with you. The other finalists provided PPLE, a platform that offers team encounters hosted by locals to provide on-demand encounters as perfectly as profits for hosts and QMMUNITY, a health care application aiming to make care a lot more equitable, accessible and clear for the LBGTQ+ local community.
The competition, to start with released in 2009 by the Faculties of Company and Engineering and soon right after joined by the University of the Arts to persuade college or university entrepreneurship, has grown noticeably since Sunstone signed on in 2019. This calendar year Sunstone introduced the first position VITALINK with $15,000 in seed funding as effectively as wraparound help in the form of co-functioning house, advertising and marketing, authorized and accounting companies totaling up to $35,000. The runner-up, UNWIND, obtained $10,000 in seed funding as effectively.
“Sunstone’s partnership with CSULB to assistance youthful entrepreneurs is a cornerstone of our initiatives to invest in superior-impression, impressive systems,” reported John Shen, Sunstone’s founding associate. “We are very pleased to fund this significant program and encourage upcoming-generation concepts.”
“The framework, support and fiscal means we’re capable to present by the Sunstone Innovation Challenge supports entrepreneurs of the future as they glimpse to go forward into the business innovation house and successful commercialization,” explained Wade Martin, CSULB’S director of the Institute for Innovation & Entrepreneurship.
About Sunstone Management
Sunstone Administration, with subsidiary Sunstone Venture Money Fund, is a diversified personal money management and expense organization featuring in depth prosperity management options all over the world. Concentrating on investments in U.S. primarily based small enterprises and decreased center marketplaces, its choices are diligently structured to meet up with focused trader plans ranging from quick expression senior debt goods to more time phrase, equity, advancement funds, and undertaking cash expenditure tactics. Sunstone is also really active as an investor in tech startups as a founding member of the Very long Seashore Accelerator.
Established in 1949, California Condition University, Prolonged Seaside is among the top 1% of all public universities, most effective-price four-yr schools and universities, and individuals institutions that are “Most Transformative” in the place. The 322-acre campus enrolls a lot more than 39,000 pupils and offers a lot more than 325,000 alumni, who positively effects the neighborhood, state and nation.