42 teams from around the world to compete in 2012 Rice Business

first_imgShareAmy [email protected] Lynn [email protected] HOUSTON – (March 23, 2012) – Forty-two teams hailing from some of the world’s top universities will vie for more than $1 million in prizes at the 12th annual Rice Business Plan Competition (RBPC) April 12-14.The teams for this year’s competition were chosen from more than 400 entrants based on their executive summaries to compete in six categories: life sciences; information technology; energy and clean technology; green technology, renewable and recycling; social; and other. The teams will have 15 minutes to present business plans in the competition for the grand prize valued at more than $460,000 and the opportunity to ring the closing bell at NASDAQ OMX this fall. Judges will rank the presentations based on which company they would most likely invest in.More than 100 corporate and private sponsors support the business plan competition, which includes more than 250 judges from the investment sector and awards more than $1 million in prizes. This year’s prizes include a new $100,000 U.S. Department of Energy Clean Energy Prize to encourage students from across the country to create new businesses and transform promising energy technologies into innovative energy products that will help to create jobs, boost American competitiveness, and strengthen the economy. Other prizes include the $150,000 Investment Grand Prize from The GOOSE Society of Texas, the $100,000 Waste Management “Think Green” Investment Prize, the $100,000 DFJ Mercury Tech Transfer Investment Prize, the $100,000 Opportunity Houston/Greater Houston Partnership Technology Prize, the $100,000 Opportunity Houston/Greater Houston Partnership Life Science Prize, the $100,000 Kleiner Perkins Caufield and Byers (KPCB) Prize for CleanTech Innovation and the $100,000 OWL Investment Prize.This year’s competitors come from all over, from Bangladesh, India, Germany, Spain and Denmark to Chicago, Baltimore, Philadelphia, Phoenix and Houston. (See below for the full list of teams)More than 133 past competitors have gone on to successfully launch their ventures and are still in business today. They have raised in excess of $417 million in funding and created more than 600 new jobs in their early stages.“This success rate is indicative of the quality of teams the competition draws,” said Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship at Rice University, which hosts the RBPC. “It is also representative of what we are finding to be an increased interest in innovation and entrepreneurship in the U.S. The current economy certainly affects this as well as the willingness by the millennial generation to take risks to start their own companies. These young entrepreneurs are vital to the U.S. maintaining its technology innovation leadership and its position in the world economy.”###Related materials:2012 RBPC TeamsAashar Phool, University of Dhaka, BangladeshAction Figure Laboratories, Rice UniversityAmaethon, Rice UniversityArborVita Associates, The University of ChicagoAthena Laboratories, The University of Texas at AustinBeFree!, Johns Hopkins UniversityBladepad, Brigham Young Universitycleanoventions, Indian Institute of Technology, Kharagpur, IndiaDrilLight LLC, Northern Institute of Technology Management, GermanyDynamo Micropower, Duke UniversityeBiogen, Lancaster University Management School, EnglandElemental Enzymes, University of MissouriGlobal Paradigmz LLC, Carnegie Mellon UniversityGreen Earth Aerogel Technologies, Universitat Autònoma de Barcelona, SpainHouse Inc., Dartmouth CollegeIOMI Technologies, University of Illinois at ChicagoJola Venture, Northeastern UniversityKentucky Chia, University of LouisvilleLemm Technologies LLC, Purdue UniversityLifetime Instruments, Stanford UniversityLigadon, The University of UtahMedtric Biotech LLC, Purdue UniversityMekong Green Tech, Georgia Institute of TechnologyMimas Nanomaterials, Northwestern UniversityMoMo Scientific, Johns Hopkins UniversityNovoView Diagnostics, University of Illinois at ChicagoNuMat Technologies Inc., Northwestern UniversityPhoneSoap, Brigham Young UniversityreNature, Arizona State UniversitySalveo Vascular, Johns Hopkins UniversitySamriddhi Water Solution, Indian Institute of Foreign Trade, IndiaSasaAfrica, Massachusetts Institute of TechnologySaturnis, Washington University in St. LouisSenseye, IT University of Copenhagen, DenmarkSlideStacks, The University of ChicagoSolanux Inc., University of IdahoSolidEnergy, Massachusetts Institute of TechnologySpatiaLink Solutions, University of ArkansasStanford Nitrogen Group, Stanford UniversityT3D Nanotech LLC, University of DelawareThink Innoventions Pvt. Ltd., Indian Institute of Technology, Kharagpur, IndiaVasculogic, The University of PennsylvaniaAbout The Rice Alliance for Technology and EntrepreneurshipThe Rice Alliance for Technology and Entrepreneurship is Rice University’s nationally recognized initiative devoted to the support of technology commercialization, entrepreneurship education and the launch of technology companies. It was formed as a strategic alliance of three Rice schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Business in collaboration with the Vice Provost and the Office of ResearchSince its inception, the Rice Alliance has assisted in the launch of more than 305 start-ups which have raised more than $1 billion in early-stage capital. In total, more than 1,300 early-stage companies have presented at the 130+ programs hosted by the Rice Alliance and raised more than $2.2 billion in funding.Related links:Rice Business Plan Competition: http://www.rbpc.rice.edu AddThislast_img read more

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