CareBand, a maker of safety bracelets for seniors with dementia, and The Bee Corp., which monitors the health of bees in their hives, each took away $100,000 from IU’s annual Building Entrepreneurs in Software and Technology (BEST) Competition.
Monday’s announcement marked the $1 million milestone for investments made by IU alumni over the past five years for student-led businesses. The award is the largest in the world offered by a university solely to its students in a business plan competition.
BEST was launched in 2011 by IU Bloomington’s School of Informatics and Computing and the Kelley School of Business. The competition is funded by corporate leaders who are IU alumni. In exchange for their investment, each receive a stake in the winning companies.
It’s exciting to see the winners range from one that is an idea to one that is already an ongoing business. I think the presentations and caliber of the businesses keep getting better and better over time, and it’s great to see the BEST Competition growing.
— BEST co-founder Scott Dorsey, managing partner, High Alpha