News Flash

City of Beaverton

Posted on: December 3, 2019

2020 Beaverton Startup Challenge Winners Announced

Beaverton, Ore. – The Oregon Technology Business Center (OTBC) has announced the winners of this year’s Beaverton Startup Challenge. The fifth annual Challenge drew more than 50 applications from startups interested in taking their business to the next level.

This year, the following five winners were selected to each receive a $25,000 investment:

First Ascent Biomedical – Machine learning driven personalized combination cancer therapy to help patients, clinicians and pharma ?nd the right combination therapy for each cancer patient, www.firstascentbio.com.

Great Life by Lucinda – A line of plant-based “just add hot water” veggie burger mixes using non-gmo veggies and real food ingredients in five delicious flavors,  https://greatlifebylucinda.com.

Kakadu Dream – A Blue Light Repair night time skincare line that aids the repair of skin after an average of 10+ hours of blue light exposure per day, https://kakadudream.com.

Mindcurrent – "FitBit for your brain," https://www.mindcurrent.io

Steamchain – A financial technology company focused on increasing the bottom line for clients by streamlining and simplifying payment processes to reduce currency conversion costs and mitigate current fluctuation in the multi-trillion-dollar shipping and logistics industry, https://steamchaincorp.com.

The winners are for-profit, early-stage growth businesses with the ambition and potential to scale into national and international markets. In addition to winning the $25,000 investment, the startups receive mentoring, office space and other services for one year at OTBC.

This year’s Challenge attracted 16 angel investors to support the Westside Startup Fund. The angels together with the City of Beaverton raised a total of $140,000 for the fund. So far, the 20 Challenge companies in prior years have leveraged their Challenge investment to raise more than $20 million.

The Beaverton Startup Challenge began in 2016 and is sponsored by OTBC, West Side Startup Fund angel investors and the City of Beaverton.

OTBC is a nonprofit startup incubator that provides expert-level coaching, networking opportunities and programs to help entrepreneurs succeed. OTBC also provides office space to local early-stage businesses and delivers its mentorship programs online throughout the state via the Virtual Incubation Program.

In 16 years, OTBC has helped hundreds of companies that have created more than 230 high-wage jobs. OTBC client startups have gone on to raise more than $100 million in grant and investor funding.

Learn more at www.otbc.org.

A group of people are holding a $25,000 check.

Caption: OTBC Startup Challenge winners with Mayor Denny Doyle.

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