I blogged over last weekend about the Rice Alliance’s Business Plan competition, and am now pleased to report the winners of the 2006 competition.
According to officials, this 35 top MBA schools from around the globe competed at Rice University for over $260,000 in guaranteed prizes, an increase of 30% over the prior year. The grand prize was valued at over $165,000.
Overall Winners (There were 7 Finalist Teams):
Grand Prize Winner: Dartmouth College: Advanced Transit Enterprises: provides a patented tractor-trailer rear drag aerodynamics technology to improve fuel efficiency in the long-haul trucking industry
$165,000 in cash and services, including
– $100,000 Investment Prize from The GOOSE Society of Texas
– $20,000 cash award from Shell Technology Ventures
– $45,000 in services from the Houston Technology Center, 1-service, Silver Fox Advisors, BrandExtract, The Padgett Group, and Continental Airlines
2nd Place Team – Columbia University: Strong Data Corp.: develops portable, secure identification technology for next-generation credit cards and other markets
– $15,000 cash award from Finger Interests
3rd Place Team: Stanford University: Renovus: provides an ostomy-management technology that offers a complete solution for patients who have undergone ostomy surgery.
– $7,500 cash award from Sirius Solutions
4th Place Team: Carnegie Mellon University: NeuroLife
– $2,500 cash award from GE Commercial Finance
5th Place Team: Texas A&M University: Cologenomics
– $2,000 cash award from Administaff
6th Place Team: Duke University: Cytex Technologies
– $2,000 cash award from Administaff
7th Place Team: Harvard University: Avanti Metal Co.
– $2,000 cash award from Administaff
Murphree Venture Partners Wildcard Round Winners
First Place Team: Stanford University: Renovus (advanced to finals)
2nd Place Team: San Diego State University: EnviroBinz
– $1,500 cash award
3rd Place Team: Southern Methodist University: Tabletop Media
– $1,000 cash award
4th Place Team: Wake Forest University: Audio Fusion Inc.
– $1,000 cash award
5th Place Team: University of Michigan: Space Weather Forecasting Technologies
– $750 cash award
6th Place Team: University of Pennsylvania (Wharton): Leto Pharmaceuticals
– $750 cash award
Fulbright and Jaworski Challenge Round
First Place Challenge Round Winners:
Georgia Institute of Technology: Intrinsic Securities
University of Colorado: Adventure Training Center
Massachusetts Institute of Technology (MIT): One World Medical Devices
University of Georgia: Internet Security Co.
University of Arizona: InterKinetic Technologies
Babson College: PeopleAhead.com
Second Place Challenge Round Winners:
UCLA: The Filling Station
University of Illinois at Chicago: OrthoAccel Technologies
University of Manitoba: GlucoCor
University of Toronto: RJI Golf
University of Texas – Austin: Extension Eleven
Yale University: Soltage
Austin Ventures Elevator Pitch Competition
First Place: Texas A&M University: Cologenomics, Inc. ($1,000)
Second Place: Harvard University: Avanti Metal Co. ($750)
Third Place: Georgia Institute of Technology: Intrinsic Securities ($750)
Fourth Place: Dartmouth College: Advanced Transit Enterprises ($500)
Fifth Place: Massachusetts Institute of Technology (MIT): One World Medical Devices ($500)
Special Awards
Essex Woodlands Life Science Award
$2,000 – Best Life Science Business Plan
Stanford University: Renovus
Conley Rose IP Powerhouse Award
$2,000 – Best Intellectual Property
University of Illinois at Chicago: OrthoAccel Technologies
Energy Valley Award
$2,000 – Best Energy Business Plan
Yale University: Soltage
Chase Hispanic Business Plan Award
$2,000 – Best Business Plan from an Hispanic Team
University of Manitoba: GlucoCor
EnterSys – Vuico IT/Wireless Award
$2,000 – Best IT/Wireless Business Plan
University of Arizona: InterKinetic Technologies
Houston Private Equity Association – Outstanding Written Business Plan Award
$2,000 – Best Written Business Plan
Texas A&M University: Cologenomics
Houston Business Journal – Yaffe | Deutser, Sales and Marketing Award
University of Illinois at Chicago: OrthoAccel Technologies