One of the university teams, SmartWorks, is developing inexpensive consumer micro-robots for some of the least pleasant home cleaning tasks.
At the DFJ Venture Challenge yesterday, the 15 winners of university business plan competitions convened for a state-wide finals event. They were all fascinating and creative, yet completely different from each other.
The two winners will each receive $250K of seed financing:
• Bionic Harvest from Cal Tech: Electrical energy harvesting from the motion of the human body to recharge the batteries in implantable medical devices.
• World of Good from UC Berkeley: ethically sourced fair trade artisan gifts sold in mainstream retailers.
Congrats to these wonderful entrepreneurs!