*NEWS: A Little Goes a Long Way With the Student Startup Fund: Students Can Receive up to $1,000 in Micro-grants.
This article is in partnership with UCI Applied Innovation and its new publication, “Rising Tide.”
By: Jackie Connor
When it comes to getting a startup company off the ground, finding initial funding resources can be challenging.
UCI Applied Innovation’s Student Startup Fund provides micro-grants to students and alumni to help student startup companies bridge their funding gaps to further their startup journeys.
Prior to seeking larger investments, startup teams might refer to friends and family to kick start their journey. However these investments are not always possible.
“The Student Startup Fund helps fulfill the mission and vision of UCI Applied Innovation by ensuring the key segments of the people we serve have the resources they need to successfully pursue their entrepreneurial ventures,” said Hayley Young, assistant director of the New Venture Group at Applied Innovation.
Micro-grants can be as little as $100 and range up to $1,000 and can be used for a variety of items such as prototyping materials and project supplies, and are meant for immediate or short-term use.
Applicants must be a current UCI student or have graduated UCI within the last 12 months and be involved with entrepreneurship programs, events or centers on campus, such as the campus-wide New Venture Competition.
Bien Gutierrez, a senior biomedical engineering student, received $900 from the Student Startup Fund
to attend Texas Christian University’s 2018 Values and Ventures Competition.
There, he pitched his startup HUMBLE Technologies and a design for an improved syringe that increases convenience and decreases patient risk.
“Initially, we had taken it upon ourselves to pay for the competition and kind of accepted that cost as part of our training,” said Gutierrez, HUMBLE Technologies co-founder and CEO. “But, because of the Student Startup Fund, we were able to use that money for travel to this competition.”
In addition to gathering more experience and networking with peers during the competition, the HUMBLE Technologies team received second place and $750 in the Elevator Pitch category.
“Everyone worked really hard to for this funding,” said Gutierrez. “We believe that it was a very crucial resource for us at this stage.”
Applications to the Student Startup Fund are now open and are accepted on a rolling basis. Apply here!