USC Viterbi Startup Garage: version 2.0
The Startup Garage, Southern California’s only venture accelerator for engineering student-led companies, offers financial support, mentoring, legal advice, office space and other strategic resources to a select group of budding business builders over a six-month period.
More than 115 teams competed for the eight spots in the accelerator, which launched June 30 and runs to the end of the year. Each team, co-founded or led by a current USC Viterbi student or alumni, received $50,000 in exchange for a 10 percent equity. That compares to $20,000 and 4 percent last year.
This year’s crop includes a company creating a music platform that helps you discover music based on your mood; another building a system to make drones easy to fly; one producing dynamic pricing software to maximize profitability; and a mobile platform that allows a small group of intimate friends to connect and collaborate on fashion decisions.
“I think we have an excellent group of young entrepreneurs who are working on some amazing ventures,” said Ashish Soni, founding director of the Viterbi Student Institute for Innovation (VSI2), which launched the Startup Garage. “We want to make Viterbi a leading source of innovation across the region, country and world.”
See the full story here: