The Advantage Accelerator program at Oregon State University is designed to help new startups turn into viable companies. This year, the Advantage Accelerator program hosted its inaugural “Next Great Startup” competition, a competition in which companies and teams compete for a grand total of $30,000. Klarquist was proud to be a sponsor of this event.
The competition took place in three rounds in February and March 2017, and included student-lead teams and businesses planning to develop products ranging from agricultural sensors to toys designed to promote social interaction in children with developmental disabilities.
In the first round, teams pitched their ideas for a business to representatives from several area venture capital firms, who selected teams to coach for the remainder of the competition. The second and third rounds were knock-out rounds, with four teams advancing to the final round. The final four teams included Sensiplicity, which plans to offer an agricultural sensor system for indoor growers, Rambuta, which plans to offer remote sensing and analytics to detect plant stress, Assure, which is developing an emergency alert device that can be discretely integrated with jewelry, and Gobtech, which plans to market a neural network-based artificial intelligence platform for use in the gaming industry.
In the end, Gobtech walked away with the top honors, which included $18,000, access to legal and accounting services, acceptance into the OSU Advantage Accelerator, and the opportunity to pitch at the Willamette Angel Conference in May 2017.
Congratulations to all of the finalists, and we look forward to following the development of these promising business ventures!
Posted on 3/17/2017 by Carsten C. Grellmann