Startup companies from the University of California are invited to compete for a total of $300,000 in award money during the first Prime UC competition, part of President Janet Napolitano’s Innovation and Entrepreneurship Initiative, it was announced today.
In what is hoped will be the first of several such competitions designed to help the most promising UC-associated startups obtain seed funding, Prime UC is collaborating with Johnson & Johnson Innovation, LLC to give one $150,000 award and three $50,000 awards to companies with early-stage innovations related to therapeutics, consumer health, medical devices and diagnostics.
To be eligible to enter this year’s Prime UC, a startup must be developing a life science technology, have been founded by a UC faculty member or staff, or be managed or founded by a UC student, postdoctoral fellow or alumni. In addition, companies should not have raised more than $1 million in private funding.
Applications are due by September 25, 2015.
Learn more about the Prime UC program, review official rules and apply at www.primeuc.org