IBM names Silicon Valley SmartCamp winners
IBM named Coriell Life Sciences and OnFarm the winners of its North American SmartCamp event in Silicon Valley.
Part of the company's Global Entrepreneur Program, SmartCamps are designed to identify and support startup companies developing innovative solutions using cloud, big data, analytics, mobile and social technologies.
The Silicon Valley event brought together six companies from across North America. The other finalists at the event include Connectem, Mindful Scientific, Rifiniti and Toopher.
The winners were selected by a panel of judges consisting of venture capitalists, serial entrepreneurs and business and technology experts.
Coriell Life Sciences and OnFarm have qualified to participate in the IBM SmartCamp Global Finals where they will compete against the winners from the European, Latin American and Asia Pacific regional finals. This year, IBM will host 17 SmartCamp competition events and 16 mentorship events in 24 countries.
Coriell Life Sciences helps medical professionals use DNA and gene sequencing in real-world situations to better treat patients. The company's technology empowers doctors by delivering an easy to understand report that shows how well a given drug will work based on an individual's DNA.
OnFarm provides analytics and insights on key agriculture fundamentals that help farmers make better decisions about their crops. By combining siloed data into one dashboard, growers can save water, energy and fertilizer while producing higher quality crops.
According to IBM, past SmartCamp participants have now raised more than $115 million in venture capital funding while rapidly expanding their business. In addition, several companies have gone on to bring new offerings to market with IBM.