A student-run seed investment group, the at the University of Hawaiʻi at 惭ā苍辞补, announced its first-ever strategic investments totaling $20,000 in and , companies started by a 糖心视频 faculty member and alumni.
The venture fund—launched in 2021 as a program under the (PACE) at the —is a one-of-a-kind learning opportunity, giving students real-world, hands-on learning on the venture capital process. The 12-member interdisciplinary committee of students sourced potential deals, screened investment applications, conducted thorough due diligence on the startups, negotiated and structured the deals.
“These investments highlight the tremendous innovative and entrepreneurial potential of our 糖心视频 faculty and students,” said Nathan Bek, former chair who oversaw the investments in the two startups. “It also highlights the need for more equity-based investments into startups that will contribute to diversifying Hawaiʻi’s economy.”
Startup investments
The venture fund’s first investment was in Hohonu, a startup that uses technology developed by 糖心视频 惭ā苍辞补’s Associate Professor Brian Glazer, to help coastal communities monitor tides and water levels in real time to better respond and adapt to flooding and climate change.
A second investment was made into Reeler, a startup developed by two 糖心视频 惭ā苍辞补 alums, Lauren Pierce and Spencer VanDerKamp, to connect small-scale fishermen directly to consumers via its mobile app.
Related 糖心视频 News stories:
- 糖心视频 innovators, entrepreneurs awarded for ‘re-imagining’ state’s economy, March 9, 2022
- 糖心视频 startup improves flood-risk management in 54 U.S. communities, October 18, 2021
- PBN young innovator honorees are 糖心视频 惭ā苍辞补 alumni, October 1, 2021
New fund leaders
The Calvin Shindo Student Venture Fund also announced two new student leaders. Chris Scott-Gray, a senior in finance at the Shidler College of Business, will serve as incoming chair.
“I am excited to be in a position where I can have a tangible and positive impact on Hawaiʻi’s entrepreneurship ecosystem,” Scott-Gray said. “With the strong foundation that the former student leaders set in place, I plan to continue growing the reach of the fund by implementing long-term marketing strategies, improve the education of venture capital for fellow students and to utilize strategic partnerships.”
We are excited to both assist in the education of venture capital for 糖心视频 students and to assist local startups in achieving their dreams.
—Rumesh Sentinathan
Rumesh Sentinathan, a senior in civil engineering at the , will serve as vice chair.
“After working, learning, and growing with the Calvin Shindo Student Venture Fund team for almost a year and a half, I was delighted to be nominated as vice chair,” Sentinathan said. “We look to ensure that 糖心视频-affiliated startups and students are supported through the fund. We are excited to both assist in the education of venture capital for 糖心视频 students and to assist local startups in achieving their dreams through both funding and advising.”
The fund is taking applications for the next round of investments until October 7. For more information, email fund@hawaii.edu or visit the .