April 4, 2016 – The Lowell Milken Institute for Business Law & Policy has announced that five student team finalists will compete in the final round of the inaugural Lowell Milken Institute-Sandler Prize for New Entrepreneurs. The public round will be held on Tuesday, April 12th at UCLA School of Law. The competition recognizes student innovation and leadership and supports the real-world launch of promising new business ventures. The Lowell Milken Institute-Sandler Prize of $100,000 is the largest university entrepreneurship prize ever to have been awarded through a law school.
The new venture proposals submitted by the five UCLA student team finalists include a social intelligence company targeting small to medium sized businesses; an enterprise to improve health outcomes for people suffering from Sickle Cell Disease; a nonpartisan company that aims to deter Super PACs from spending money in elections; a patient monitoring platform technology; and an electronic medical records platform and app to digitize and organize pet records.
The finalists were selected by a panel of judges who reviewed business plan submissions from 15 teams and narrowed the finalists down to five teams in March. Each of the final teams, which consist of between two and six students, will have 25 minutes to present their venture and answer questions from the judges at the public round of the competition.
Additionally, two investors have each agreed to provide a one-on-one hour-long consultation with the winning team. Jim Armstrong, managing director of March Capital Partners and Michael Silton, managing director of Act One Ventures and chair emeritus of UCLA Venture Fund, will contribute their time and expertise.