Hard work and creativity are literally paying off for last year’s Student Innovator of the Year (SIOY) winner, Owlet. In addition to the $6,000 they were awarded last November, Owlet – and their revolutionary baby monitor – recently won $30,000 at the BYU Miller New Venture Challenge.
The New Venture Challenge is one of the richest university-sponsored competitions in the country. Eight finalists, including Owlet, were awarded $15,000 to continue developing their products. Owlet received additional funding as the winner of three categories (Global Category Winner, Investor Choice and Crowd Favorite), bringing the total awarded to $30,000.
Owlet’s product is an innovative new baby monitor in the form of a sock that measures oxygen levels in infants. Parents can then receive updates and alerts on their smartphones if the baby’s oxygen level drops too low. This product, patterned after similar devices used in neo-natal units of hospitals, aims to decrease the instance of Sudden Infant Death Syndrome (SIDS).
Owlet won both first place and crowd favorite at last year’s SIOY competition. Intuiplan, winner of third place, was also a finalist at this year’s New Venture Challenge. They were awarded $15,000.
Krista Tripodi, email@example.com