U-Niq wins $50,000 Sontag Entrepreneurship Competition


Perm Singh, an MBA university student in the College of Company at the College of Nevada, Reno, took property this year’s $50,000 grand prize at the 11th yearly Sontag Entrepreneurship Competition for his company, U-Niq.

U-Niq is a registry for bodily collectibles that utilizes blockchain engineering to deliver digital certificates of authenticity and title of possession. The registry will run as a market for collectors to invest in and sell making use of U-Niq’s electronic certificate to transfer possession of collectibles.

Together with the Sontag Award, U-Niq also gained the Dragonfly Energy Innovation Award, a $10,000 prize funded by Sean Nichols and Denis Phares, co-entrepreneurs of Dragonfly Electricity and finalists of the 2014 Sontag Entrepreneurship Level of competition.

“I am blown absent that I was ready to transform the tips I experienced in my head into a enterprise with large likely,” Singh reported. “I retained emotion that this business enterprise was one thing I should really pursue and winning both equally the 2022 Sontag Award and Dragonfly Vitality Innovation Award presented even more validation that I am on appropriate route.”

When asked what the Sontag levels of competition has intended to him, Singh stated, “This encounter was amazingly important to assist me refine my company and the way to convey it to many others. I explained to myself likely into the opposition that, earn or shed, it would pressure me to act on building my business more. The levels of competition pushed me out of my comfort and ease zone, and I am pretty grateful for the help of the advisors who guided me and the responses from the judges.”

The Sontag Finals took put Thursday, April 14, and showcased 5 scholar-led teams all aiming to transform their company goals into a actuality.

Along with U-Niq, 4 other teams presented their thoughts to the judges. The finalists included:

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  • Experience Provisions, a organization that fulfills the desires of adventurers who have dietary constraints or are in any other case overall health-conscious by supplying a wider variety of tastier foods.&#13
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  • BobaBabes, a retail beverage enterprise started around the progressively well known tea-based mostly beverage known as boba tea.&#13
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    • Staff: Sophia Waite and Shaylin Segura
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  • MacroHydro, an AgTech computer software and components firm that generates custom, programmable hydroponics administration units.&#13
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    • Group: Beau Safken, Brian Sneed and Joshua Conken
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  • TC Corp, a enterprise that strategizes, transports, marketplaces, sells and installs luxury, recently refurbished reasonably priced refrigerators.&#13
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    • Group: Cesar Tovar and Kylie Eubanks
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The Sontag Entrepreneurship Award is manufactured doable by a significant present from University alumnus Rick Sontag. The $50,000 award is offered just about every spring semester to the profitable workforce to enable fund the enlargement of their small business.



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