Hawthorne Math and Science Academy students Eddy Giron and Joshua Fajardo’s color-changing toothpaste garnered top honors at the Los Angeles Regional Youth Entrepreneurship Challenge on Tuesday at the Creative Artists Agency in Los Angeles.
The pair took home a seed capital investment prize of $3,000 and entry, transportation and lodging to the Network for Teaching Entrepreneurship National Youth Entrepreneurship Challenge on Oct. 9 in Silicon Valley.
Giron and Fajardo’s winning business concept, called Time’s Up, is a toothpaste that turns blue after two minutes of brushing – the American Dental Association’s recommended brushing time.
To secure their spot in the national challenge, Giron and Fajardo competed against two other high school regional finalists: Jose Soto of Dorsey High School and Jordan Williams of Crenshaw High School, both in Los Angeles.
Each contestant presented a business plan to an audience of 200 school and business leaders and a panel of judges, which included Ernst & Young partner Paul Chen, Maya Cinemas CEO Moctesuma Esparza, CAA Ventures Business Development Executive Esther Nordlinger, Irell & Manella LLP partner Moez Kaba, RGM Group founder Kamran Razavi, Mucker Capital co-founder and managing partner William Hsu, Dodgers Foundation Executive Director Nichol Whitman and last year’s regional winner, Antonia Castro.
Soto finished second and received $1,750 for his key organizer called Keypenn, which organizes multiple keys in one compact holster and is accessible with the slide of a button.
Williams placed third and received $1,000 for his wireless audio pillow called Pillow Tunes.
Five regional semifinalists also presented business plans to the same audience for a chance to win the audience choice fast-pitch competition and a $250 cash prize.
Environmental Charter High School student Anisa Anorve took the fast pitch title and prize for her organic, nontoxic nail polish called L’essentiel.
All winners are expected to graduate from their respective high schools in June.NEW VENTURES
Cymetrix Corp., an Irvine health care consultation and outsourcing company, has been acquired by Navigant, a business consulting company in Chicago. Navigant paid $75 million in cash to purchase Cymetrix and pick up its 600 outsourcing workers, from Riordan, Lewis & Haden, a private equity firm started by former Los Angeles Mayor Richard Riordan. An additional $25 million could be paid to stockholders if performance goals are met. Cymetrix Chief Executive Michael Halberda will lead operations of the acquired company, which now operates as Navigant Healthcare Cymetrix.
VCA Antech Inc., an animal health care company based in Los Angeles, and Abaxis Inc., a medical products company based in Union City, entered into two long-term agreements. The first is a product supply agreement for VCA’s animal hospitals. The second is a co-marketing agreement with VCA’s Antech Diagnostic reference laboratories.
Clearlake Capital Group LP, a private investment firm based in Santa Monica, acquired ConvergeOne, a communications provider based in Minnesota. Terms of the acquisition were not disclosed.LEADERSHIP
Randy Record was elected chairman of the board of the Metropolitan Water District of Southern California, based in Los Angeles. Record, who has represented Riverside County’s Eastern Municipal Water District on Metropolitan’s Board of Directors since January 2003, will continue the term of the late John Foley. He will start his first two-year term as chairman in January. Glen C. Dake, a licensed landscape architect and Los Angeles civic activist, also was seated on the 37-member Metropolitan board. Dake serves on Los Angeles’ Recycled Water Advisory Group and the Los Angeles County Green Building Task Force and sits on the boards of the California League of Conservation Voters, the Los Angeles Community Garden Council and the Los Angeles Neighborhood Land Trust.
Luis Maria Calingo, president of Woodbury University, a private, nonprofit university in Burbank, has been named to a new steering committee of 22 college and university presidents, a joint project of the Council of Independent Colleges and the Lumina Foundation. The panel will begin work this fall.ON THE MOVE
Rick Heinick has been hired at AECOM Technology Corp., an architecture, design, engineering and construction provider based in Los Angeles, as executive vice president and chief human resources officer. He previously worked at Bausch + Lomb, an eye health product supplier based in New York.
Alex Mayberry has been hired at Cloud Imperium Games, a video game developer based in Santa Monica, as executive producer for “Star Citizen,” a crowd-funded game that launched October 2012. He previously worked at Blizzard Entertainment as a lead game producer.OVERHEARD
“Please be advised that I am 90 years old and have no idea how to download anything.”
Contact the writer: 714-796-6703 or email@example.com