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Startups get a leg up at annual business competition

Winners of the Lloyd Greif Center for Entrepreneurial Studies’ New Venture Seed Competition were announced at the Marcia Israel Awards Banquet on May 2.

The annual USC Marshall School of Business event, which was held at the Davidson Continuing Education Center, provides seed money to startups from across USC. Two startups were awarded $15,000 and four others were awarded $5,000.

One of the $15,000 winners was CoreTech, a team from USC’s Health, Technology and Engineering program, which has developed a device to harvest stem cells for recipients of bone marrow transplants who have life-threatening diseases, such as leukemia and multiple myeloma.

CoreTech’s product is an alternative to current methods that tend to be tedious, inefficient and costly. The company plans to use its device in the emerging regenerative medicine industry, harvesting stem cells for patients suffering from cardiovascular, neurological and orthopaedic diseases as well as diabetes.

The other $15,000 winner was International Career Guide, which intends to offer career preparatory services for international students who are seeking to find positions in the United States.

The $5,000 awards went to GymFlow, One of Many, Hip Traveler and Shanghai Baji.

GymFlow is a new iPhone app that offers traffic updates of gym usage to help customers avoid waiting for machinery at overcrowded gyms.

One of Many developed Tikr, an app that allows users to create their countdowns to movies, concerts, vacations, television shows, anniversaries, product releases, sporting events, holidays and social events.

Hip Traveler is in the process of developing a crowdsourced travel website based on the videos, blog posts, advice, photography and itineraries of those who travel.

Shanghai Baji is building an online logistics management and information platform for the Chinese trucking industry.

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