backpage transexual escorts elite escort com chicago escort sensual massage nj escort solo s3 mirror mount aspen rae escort

Hydroponic device for growing cannabis at home wins annual BU startup competition | BU today

Alum Carl Palme receives the grand prize of $ 10,000 for entrepreneurial company Annaboto

The mood in the BUild Lab IDG Capital Student Innovation Center of the BU was characterized by anticipation and excitement on Wednesday, November 10th, when students, graduates and jurors gathered for the fifth annual Innovate @ BU Cannabis Start-Up Competition. The think-tank-like competition features BU-led startups whose founders present their business platforms to a panel of judges in the hope of winning the grand prize of $ 10,000. The finalists are in the process of developing software, accessories, agricultural products and services that will support the growth of the cannabis industry.

This year’s winner was Annaboto, a company founded in 2019 by Carl Palme (ENG’04, Questrom’12) that enables users to grow cannabis at home in a compact hydroponic device. Users simply add water once a week to germinate the cannabis seeds and then sit back and watch the plants thrive. Thanks to artificial intelligence and robotics, there is no daily maintenance.

“Our design helps normalize cannabis. By having this in your house, you are making a statement, ”said Palme, the company’s CEO. The product, which was specially developed for indoor use, produces around 2 ounces of cannabis after 100 days. Additional product features: an odor management system and a mobile app that enables the user to control the device.

Annaboto founder Palme shows how his compact device makes growing cannabis at home hassle-free.

For the Annaboto team, victory was the keystone of years of hard work. Previously, they were finalists in the annual Innovate @ BU competition.

“All the [previous] Feedback we got from the judges, all the feedback we got from people we spoke to, “said Palme,” which really led to the prototypes and the growth of the company. I think it’s proof of this competition. ”

The annual competition is sponsored by Denver-based business strategy firm Green Lion Partners, founded by Jeff Zucker (Questrom’10) and Mike Bologna (Questrom’10), which has invested in cannabis companies both domestically and internationally. “It is important for us to show that the cannabis industry is a real career opportunity for students and to get rid of the stigma surrounding cannabis,” said Zucker.

The other finalists this year were the Returning Citizens Venture Program, a not-for-profit organization that enables individuals with minor cannabis-related offenses to develop personally and professionally and by Jojo Liaw (Questrom’22), Ying Chen (CAS’22) and Marcel Chen (Questrom ‘ 22) was founded. ; Eleganja, an online black-owned cannabis brand reinforcement platform founded by Michelle Matsuba (MED’16), CEO of the company; and QS Cannabis, a platform where users can monetize their personal information related to their cannabis use, led by Jordan Clark (Wheelock’13), CEO, William Belt (CGS’14, COM’16), Chief Operating Officer , and Matthew Boykin (Sargent’20, SPH’21), Head of Research.

The finalist of the cannabis start-up competition, Michelle Matsuba (MED’16) (left), presented herself on Eleganja, a platform that supports black-owned cannabis companies. Peter Bleyleben (right), partner at Converge Venture Partners, was one of this year’s jurors for the competition.

This year’s judges were Jaime Lewis, co-founder and managing partner of Coldwater Consulting; Kim Napoli, a board member on the city’s Boston Cannabis Advisory Board, which aims to strengthen the city’s focus on equity in the emerging cannabis industry; and Peter Bleyleben, a partner at Converge Venture Partners.

The evening began with remarks from Innovate @ BU executive director Gerald Fine, a professor in the College of Engineering Practice; Sugar; Bologna; Joe Gilmore, City of Boston Cannabis Equity Fund Manager; and Sydney Ballard (CAS’24), Operations Manager of the Student Marijuana Alliance for Research and Transparency at the BU. Marion McNabb (SPH’16), President and Co-Founder of the Cannabis Center of Excellence, also spoke, recalling her background as a 2017 winner of the competition and her career in the cannabis industry.

The finalists had six minutes to present their business, followed by a Q&A with the jury. Each team explained their business strategy and discussed how their start-up is incorporating social justice into their business plans.

“It is so important to have social justice at the core of business,” said Bologna, “especially in the cannabis industry, which is only on the back of the incredibly hard work of lawyers before us and the suffering of individuals and communities who are disproportionately affected War on drugs are affected. ”(Black Americans are nearly four times more likely to be arrested for marijuana use than White people.)

While the jurors deliberated privately, participants and finalists exchanged views over refreshments. After the judges agreed, Bologna and Zucker Palme presented the check for US $ 10,000, which is accompanied by free consulting services.

“Let’s get cannabis from the basement into the living room,” said Palme.

Explore related topics:

Comments are closed.