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NEWS RELEASE: Winners Announced for the 2017 New Venture Competition Finals

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Thursday, May 25, 2017

Winners Announced for the 2017 New Venture Competition Finals

Congratulations to the winners of UCSB's New  business competition!

Six student teams from UC Santa Barbara took home $40,000 in cash prizes last night at the 18th New Venture Competition Finals, hosted by the Technology Management Program. The event was held on May 24th at UCSB Corwin Pavilion.

Since the beginning of fall, these students have honed their business ideas by working with local entrepreneurs, business executives, and mentors to develop and refine their business ideas. The Finals is the biggest highlight of the New Venture Competition where each team pitches their business ideas to a panel of independent and highly respected judges for a chance to win cash prizes.

Winners of the 2017 New Venture Competition:

Grand Prize ($10,000): CRYPTIX
2nd Place ($7,500): Delta Leaf Labs
3rd Place ($5,000): Wanderlease
Elings CNSI Award ($5,000): Delta Leaf Labs
CNSI People’s Choice Award ($5,000): Collatera
Honorable Mention ($2,500): Collatera
Honorable Mention ($2,500): PhantaField
Honorable Mention ($2,500):  OrganicMatters      

Collatera

Michael Evans, Kevin Peng, Paul Ostrick, Vinu Krishnan, Vince Kappamula
Collatera’s aim is to avoid diabetes-related amputation at all costs with the prevention and early treatment of diabetic ulcers, by using their proprietary light activated small molecule, NL-1.

CRYPTIX

Nick Martitsch, Brayden Curry, Sajan Sangvhi
CRYPTIX is a next generation ticketing platform that uses blockchain technology to eliminate scalpers, ticket fraud, and inflated ticket prices.

Delta Leaf Labs

Elijah Spina, Felipe Infante, Edgar Rodriguez
Delta Leaf Labs is developing THC free-cannabis strains that have been medically shown to treat many mental and physical illnesses. By growing and marketing THC-free cannabis, the company will create alternative treatment options to toxic and addictive medications.

OrganicMatters

Jacob Levine, Lauren Catlin, Greg Maier
OrganicMatters manufactures certified organic fertilizer out of poultry waste from the egg industry. Our mission is to provide certified organic crop farmers with food-safe, nutrient-rich, affordable fertilizers that mitigate human, animal and environmental health problems associated with conventional poultry manure management strategies.

Phanta Field

Xuejun Xie, Edixon Puglisi, Dylan Rodriguez, Xiao Wang, Hujun Chen
PhantaField is crafting light field augmented reality glasses that enable 100-degree field of view and crystal clear image with a patented see-through display design. The display can seamlessly integrate with regular glass frames, that are comfortable to wear all day long.

Wanderlease

Shika Sharma, Arthur Pan, Rey Tang, Daniel Lim, Saliq Hussaini, Henry Yu
Wanderlease is a web-based application designed to streamline the process of subleasing.

For more information about the New Venture Competition, visit https://tmp.ucsb.edu/nvc/new-venture-competition.

If you have any questions, please contact Roxanna Van Norman, PR/Communications Manager, at roxanna@tmp.ucsb.edu.