RICE ALLIANCE PRESS RELEASE (ADAPTED)
The 2010 Rice Business Plan Competition (RBPC) awarded more than $1 million in cash and prizes at an awards banquet on April 17. The worldâ€™s richest and largest business plan competition in the world brought 42 teams from across the globe to pitch their new technology business plans.
NASA Johnson Space Flight Center in Houston awarded $110,000 in prizes, including by the new $50,000 â€œGame Changerâ€ award. The Heinlein Prize Trust also gave out a $15,000 Space Commercialization Award.
Space related prizes included:
The competitionâ€™s Grand Prize was valued at over $385,000 and included a $285,000 equity investment, $20,000 cash and over $80,000 of business services including office space, marketing support, and business mentoring.
BiologicsMD, LLC from the University of Arkansas won the Grand Prize and also won the Best Life Science Award sponsored by Essex Woodlands Health Ventures, the $15,000 Heinlein Prize Trust for Space Commercialization, the $10,000 Courageous Women Entrepreneur Award provided by nCourage Entrepreneurs Investment Group and Best Elevator Pitch Life Sciences sponsored by Sante Ventures and second place in the overall elevator pitch for a total of $419,250.
BiologicMD, LLC has developed OsteoFlorâ„¢, a new medication that builds better bones.Â It binds directly to bone, nearly tripling new bone growth.Â It requires less frequent dosing and is expected to have few, if any, side effects.
The new $50,000 NASA Johnson Space Center “Game Changer” prize went to C3Nano, Inc. from Stanford University. C3Nano, Inc. is a cross-cutting technology that will effectively increase the efficiency of thin film photo-voltaic (PV) by over 1% while becoming the dominant transparent electrode in the electronic display industry. They also placed first in their Shark Tank Round for an additional $1,000 for a total of $51,000.
GlucaGo, LLC from Indiana University and Purdue University won third place overall for $7500, the $20,000 NASA Johnson Space Center Earth/Space Life Science Innovation award and fifth place in the elevator pitch competition. GlucaGo LLC. specializes in solid to liquid drug storage and injection technologies which will revolutionize the way injectable drugs are stored and administered. GlucaGo, LLC took home $31,650.
Adroit Motion, LLC, from the University of Missouri won the $20,000 NASA Earth/Science Engineering Innovation Award and the Pearland Economic Development Corporationâ€™s $3,500 Spirit of Entrepreneurship Award and $600 third place Shark Tank Round for a total of $24,100.
The second $20,000 NASA Earth/Science Engineering Innovation Prize was awarded to InnerVision of the University of Arkansas along with $1,500, for their fourth place finish in the semi-final round. InnerVisionâ€™s proprietary extreme condition electronics will improve the efficiency of electricity-generating turbines and reduce operating costs.Â The InnerVision Smart Turbine Blade will capture real-time blade condition information from a running gas turbine and communicate it directly to the turbine operators.
Congrats to all the winners. A full list is available here.