rice university Hosts the world's largest and richest student startup competition
houston, April 8, 2024 /PRNewswire/ — Ice cream company Protein Pint wins 2024 Grand Prize US business plan contest (RBPC) April 6 Top student ventures from top universities around the world competed for awards in front of approximately 350 angels, venture capitalists, corporate investors, and members of the business community.
(Left to right) Goose Capital's Alexa Stachowiak, Eric Plaski, David Klein, Andrew Nicholson, and Ashok Rao. Protein Pints CEO Paul Reiss and Director of Analytics Jordan Emmer. Jeff Smisek (Director Emeritus/Rice Board of Directors), John Chaney, and Jim Compton of Goose Capital; Paul Cerkulli, vice president for innovation from Rice University; Kelly Fox, Executive Vice President of Operations, Finance and Support;Peter Rodriguez, Dean of the Jones School of Management
In his acceptance speech, Protein Pint Founder and CEO Paul Reese said, “We are grateful for the love and support we have been shown during our time here at Rice and for our continued support. I know the relationships and the friends that I've made.” I and the other students here will never forget it. ”
Every year we host Rice Alliance for Technology and Entrepreneurship and rice university's Jones School of ManagementRBPC is the world's largest and richest student startup competition.
RBPC provides a real-world opportunity to learn what it takes to successfully launch a new business. In addition to large cash, investment and in-kind prizes, the competition centers around mentorship from investors and experienced entrepreneurs. RBPC alumni raise more money than ever before $6.1 billion There is capital and 288 companies are in business or are in successful business.
Winners were announced at the conclusion of a three-day pitching, coaching, and networking event that included an elevator pitch contest, practice rounds, semifinals, wildcards, and final rounds.A total of over 80 prizes were announced at the award ceremony. $1.5 million With investment and non-dilutive winnings. Every team took home cash.
“We give prizes to contestants $ 1,000,000 The prize will serve as the basic capital to launch a startup,” said the RBPC director. Catherine Santamaria In her welcome speech at the awards ceremony April 6.
“This is so many prizes, but the biggest thing our startup will leave behind is the generosity and sense of community from this room. This community is always ready and willing to invest time and money. We will also provide resources for these student innovators, who will assist our founders and support our vision for the competition.” ”
The 42 competing startups represent 35 universities from four countries. They were selected from his more than 450 applicants and competed in one of his five categories: energy, clean technology, and sustainability. Life science and healthcare solutions. Consumer products and services. hard technology. and digital enterprise.Learn more about all startups here.
The seven finalists based on the judges' overall scores are:
protein pint, michigan state university — with 1st place $150,000 Received the GOOSE Capital Investment Award.
- Protein Pints are high-protein, low-carbohydrate ice cream products designed for people who would benefit from access to functional ice cream and tastier, more enjoyable protein options.
somnaire, Johns Hopkins University — with 2nd place $100,000 investment awards, sponsorship david anderson, john fingerAnderson Family Foundation, Finger Interests, greg novak and Tracy Druce.
- Somnair is a new non-invasive neurostimulation device for the treatment of obstructive sleep apnea.
Power2Polymers, RWTH Aachen University — with 3rd place $50,000 rice university The investment is provided by the Rice Alliance for Technology and Entrepreneurship and sponsored by Finger Interests, the Anderson Family Fund of the Greater Houston Community Foundation. greg novak and Tracy Druce.
- Power2Polymers is addressing the pressing problem of “forever chemicals,” which are linked to more than 6.5 million deaths in the United States alone, by providing safe alternatives that are free of forever chemicals.
information, tulane university — 4th place and $5,000 award, sponsored norton rose fulbright.
- Informuta's proprietary technology uses DNA sequencing to predict whether bacteria will respond to different antibiotics or whether they will develop resistance for the first time in the future, causing treatment failure.
ichorium engineering company, University of Kansas — with 5th place $5,000 Award sponsored by EY.
- Icorium Engineering Company is a chemical engineering startup. University of Kansas A spin-out company that develops technologies to enable a sustainable circular economy for refrigerants and other complex chemical mixtures.
endoshunt medical, Harvard University — with 6th place $5,000 Award sponsored by Chevron Technology Ventures.
- EndoShunt is transforming trauma surgery with a rapid and targeted blood flow control device.
D. Saul, carnegie mellon university — with 7th place $5,000 Award sponsored by Shell Ventures.
- D. Sole is developing remote patient monitoring in podiatry using foot insoles designed for early detection and monitoring of diabetic foot complications such as ulcers and deformities.
4th to 7th place startups will receive an additional investment award. $25,000 Each is provided and sponsored by the Rice Alliance. david anderson, john fingerAnderson Family Foundation, Finger Interests, greg novak and Tracy Drucethe total prize money for the finalists is $30,000.
other important prizes This year's winning teams are:
- $200,000 Goose Capital Investment Award — Osphim, RWTH Aachen University
- $250,000 OWL Investment Award — MesaQuantum, Harvard University
- $100,000 OWL Investment Award — Icorium Engineering Company, University of Kansas
- $100,000 Houston Angel Network Investment Award — Somnair; Johns Hopkins University
- $100,000 Indus Entrepreneurs (TiE) Texas Angels Investment Award — Protein Pint; michigan state university
- $60,000 nCourage Courageous Women Entrepreneur Investing Award — MesaQuantum; Harvard University
- $40,000 nCourage Courageous Women Entrepreneur Investing Award — Icorium Engineering Company, University of Kansas
- $40,000 Pearland EDC Spirit of Entrepreneurship Prize — Informuta, tulane university
- $25,000 New Climate Ventures Sustainable Investment Award — Oxylus Energy; yale university
- $25,000 Dream Big Ventures Latino Entrepreneur Investment Award — Dendritic Health AI; northwestern university
- $25,000 NOV Energy Technology Innovation Gold Award — LiQuidium; University of Houston
- $25,000 Partnership between Urban Capital Network Diversity Investment Awards and South Loop Venture Investment Awards – TouchStone; University of California, Berkeley
- $25,000 Southwest National Pediatric Device Consortium Pediatric Device Award — EndoShunt Medical; Harvard University
- $25,000 Jacobs, Intuitive Machines, WRX Company Rising Stars Space Technology and Commercial Aerospace Gold Award — MesaQuantum; Harvard University
For more information on the 2024 US Business Plan Competition, please visit: rbpc.rice.edu.
About rice
Located on a 300-acre forested campus houston, rice university Consistently ranked among the top 20 universities in the nation by U.S. News & World Report. Rice University is highly regarded for its schools of architecture, business, continuing studies, engineering, humanities, music, natural sciences, and social sciences, and is also home to the Baker Institute for Public Policy. Rice University has 4,574 undergraduate students and 3,982 graduate students, for an undergraduate to faculty ratio of just under 6:1. The boarding college system creates close-knit communities and lifelong friendships. This is one of the reasons why Rice University is ranked No. 1 in Princeton for racial and class interaction, No. 2 for best-run university, and No. 12 for quality of life. . review. Rice University is also rated the best value among private universities by Kiplinger Personal Finance.
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