{"id":537840,"date":"2010-04-21T14:23:55","date_gmt":"2010-04-21T18:23:55","guid":{"rendered":"http:\/\/www.technologytransfertactics.com\/content\/?p=6369"},"modified":"2010-04-21T14:23:55","modified_gmt":"2010-04-21T18:23:55","slug":"rice-u-business-plan-competition-awards-1-million-in-cash-prizes","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/537840","title":{"rendered":"Rice-U business plan competition awards $1 million in cash prizes"},"content":{"rendered":"<p>The 10<sup>th<\/sup> annual Rice business plan competition (RBPC) &#8212; one of the largest and most lucrative academic start-up contests &#8212; awarded more than $1 million in cash and prizes to fledgling firms. Forty-two university teams pitched their technology business plans to more than 200 judges representing successful VCs, entrepreneurs, and business leaders. The teams competed in six categories: life sciences, information technology, energy, green tech, social ventures, and other technologies. Each team presented a 15-minute business plan, with the top six competitors vying for a grand prize valued at up to $385,000, including a $285,000 equity investment, $20,000 in cash, and more than $80,000 in business services, including office space, marketing support, and business mentoring. BiologicsMD, LLC, from the University of Arkansas won the grand prize and several other awards. The start-up has developed OsteoFlor, a medication that binds directly to bone to spur bone growth.\u00a0The product requires less frequent dosing and is expected to have few, if any, side effects.<\/p>\n<p>Other top winners included:<\/p>\n<ul>\n<li>Rebellion Photonics<strong> <\/strong>from Rice University, whose patent-pending technology allows a high-resolution, large format, hyper-spectral image to be taken instantaneously. The compact, portable device provides for real-time, on-site, optical chemical detection.<\/li>\n<li>GlucaGo, LLC,<strong> <\/strong>from Indiana University and Purdue University, which specializes in solid to liquid drug storage and injection technologies to improve the storage and administration of injectable drugs.<\/li>\n<li><strong>* <\/strong>OrthoIntrinsics from London School of Economics and Rice University, which is developing a patent-pending device, PRIME, that can directly and accurately measure internal hand strength.\u00a0Used as an outcome measurement tool, PRIME can improve clinical practice and promote evidence-based medicine.<\/li>\n<li>* Ambiq Micro from the University of Michigan, whose energy-efficient microcontroller (MCU), the Ambiq MCU, requires 25-130 times less energy in sleep mode and four to 10 times less energy in active mode than today&#8217;s functionally equivalent MCUs.<\/li>\n<li>Reveal Design from the University of Michigan, whose automated software solution can perform scalable and comprehensive verification of digital logic designs to customers in the integrated circuit (IC) design industry.<\/li>\n<li>UCLA&#8217;s Biogas &amp; Electric, LLC, which has developed BioCat, a patented, low cost nitrous oxide (NOx) reduction technology that can be used in conjunction with anaerobic digestion &#8212; the leading solution to methane emissions produced by a variety of industries.<\/li>\n<li>Sun Yat-sen University&#8217;s Deli Worm, which has developed patent-pending biotechnology and a custom-designed automation system to mass produce live organic worm meals as a substitute for current fish meals, mitigating the depletion of fish stock.<\/li>\n<li>Stanford&#8217;s C3Nano, Inc.,<strong> <\/strong>which has developed a cross-cutting technology to increase the efficiency of thin film photovoltaic (PV) technology.<\/li>\n<li>The University of Arkansas&#8217;<strong> <\/strong>InnerVision, whose extreme-condition electronics improve the efficiency of electricity-generating turbines and reduce operating costs.<\/li>\n<li>Rice&#8217;s infantAIR, whose continuous positive airway pressure system (CPAP), named Baby Bubbles, gently inflates the lungs of infants and increases oxygenation.<\/li>\n<\/ul>\n<p>Source: <a href=\"http:\/\/www.alliance.rice.edu\/alliance\/NewsBot.asp?MODE=VIEW&amp;ID=114&amp;SnID=928289720\" >Rice Alliance<br \/>\n<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 10th annual Rice business plan competition (RBPC) &#8212; one of the largest and most lucrative academic start-up contests &#8212; awarded more than $1 million in cash and prizes to fledgling firms. Forty-two university teams pitched their technology business plans to more than 200 judges representing successful VCs, entrepreneurs, and business leaders. The teams competed [&hellip;]<\/p>\n","protected":false},"author":67,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-537840","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/537840","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/67"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=537840"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/537840\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=537840"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=537840"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=537840"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}