# Business Model Competition

> Business Model Competition is a VC fund in Provo backing Wellness and Electronics. See 1 investments, check sizes, portfolio. Updated Oct 2026.

- Type: VC Fund
- Location: Provo, United States
- Total investments: 1
- Last investment: Nov 2015
- Lead investor: 0%
- Last updated: Oct 2026
- LinkedIn: https://www.linkedin.com/in/steveblank
- X (Twitter): https://x.com/intlbmc
- Website: http://www.businessmodelcompetition.com/
- Facebook: https://www.facebook.com/businessmodelcompetition

Business Model Competition is a VC fund in Provo focused on Wellness and Electronics. The competition evangelizes lean startup principles and aims to educate and inspire smarter and more successful entrepreneurs.

## Investment focus

### Industry

| Industry | Investments | Share |
| --- | --- | --- |
| Wellness | 1 | 100% |
| Electronics | 1 | 100% |
| Health Care | 1 | 100% |

## Investments

| Company | Description | Amount | Stage | Date | Website |
| --- | --- | --- | --- | --- | --- |
| Drop Technologies | Drop Technologies provide an electronic device that reduces sweating by using an automatic electric current treatment. Their skin patch utilizes a mobile application to show the progress of the treatment and enable users to get an automated treatment for reducing sweating. Their app is connected to the product to track users’ progress. | $24K | Grant | Nov 13, 2015 | https://www.drop.com.pe |

1 of 1 investments shown.

## Co-investors
- [Startup Peru](https://shizune.co/investors/profile/startup-peru) — VC Fund, 1 deal together

## Similar investors

### Similar stage
- [Enterprise Ireland](https://shizune.co/investors/profile/enterprise-ireland) — VC Fund
- [Wayra](https://shizune.co/investors/profile/wayra) — VC Fund
- [Scottish Enterprise](https://shizune.co/investors/profile/scottish-enterprise) — VC Fund

## FAQ

### What does Business Model Competition invest in?

Business Model Competition invests primarily in Wellness, Electronics and Health Care startups, most often at Grant stage. Most of the 1 investments tracked by Shizune back companies in Peru. The Investment Focus section breaks down every industry, stage and country in the portfolio.

### When did Business Model Competition last invest?

The most recent investment recorded for Business Model Competition closed in Nov 2015. Shizune tracks 1 investments in total for this profile, including round sizes, stages and portfolio companies, all sourced from confirmed public funding rounds and refreshed monthly.

### Is Shizune's investor data accurate?

Yes — every stat on this profile is calculated from confirmed public funding rounds monitored across hundreds of sources since 2020. This profile was last refreshed in Oct 2026 and is updated monthly. Spotted something off? Use the “Suggest an edit” link near the top of the page.

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