HOUSTON – (April 11, 2022) – LIDROTEC, a scholar startup from RWTH Aachen College in Germany that goals to extend manufacturing within the semiconductor business, took residence the grand prize on the 2022 Rice Business Plan Competition (RBPC).
Amid semiconductor shortages worldwide, LIDROTEC says its expertise can eradicate materials waste within the reducing course of throughout manufacturing, each saving cash and growing productiveness.
The RBPC, hosted yearly by the Rice Alliance for Technology and Entrepreneurship and Rice College’s Jones Graduate School of Business, is the world’s largest and richest scholar startup competitors. This 12 months’s version noticed 42 startups competing for greater than $2 million in prizes.
The winners had been introduced on the conclusion of the three-day pitching, mentoring and networking occasion which included an Elevator Pitch Competitors, Observe Spherical, Semi-Finals, Wildcard and Ultimate Spherical. Compelling improvements introduced by this 12 months’s groups led sponsor firms so as to add numerous money prizes on the final minute.
The 42 startups represented 34 universities from 4 nations, with 11 universities represented by two totally different groups. They had been chosen from greater than 400 candidates to compete in certainly one of 5 classes: power, clear tech and sustainability; life sciences and well being care options; shopper services; laborious tech; and digital enterprise.
The RBPC’s greater than 250 judges act as — and most are — early-stage buyers evaluating the startups’ potential. Groups pitch their companies to buyers, entrepreneurs, company executives and ecosystem partners in the course of the occasion, then community and obtain real-time suggestions, recommendation and mentorship.
Vital prizes this 12 months and the groups that gained them embody:
* $350,000 GOOSE Capital Funding Grand Prize — LIDROTEC, RWTH Aachen.
* $155,000 The OWL Funding Prize — Hoth Intelligence, College of Pittsburgh.
* $65,000 The OWL Funding Prize — Mallard Bay Outside, Louisiana State College.
* $50,000 The OWL Funding Prize — TransCrypts, College of Toronto and Harvard College.
* $250,000 TMC Innovation Healthcare Funding Prize — LymphaSense, Johns Hopkins College.
* $125,000 Softeq Enterprise Studio Prizes (two prizes) — Mallard Bay Outside, Louisiana State College; LIDROTEC, RWTH Aachen College.
* $100,000 Jon Finger and Finger Pursuits, David Anderson and the Anderson Household Fund, Greg Novak and Tracy Druce Second-Place Funding Prize — Hoth Intelligence, College of Pittsburgh.
* $50,000 Jon Finger and Finger Pursuits, David Anderson and the Anderson Household Fund, Greg Novak and Tracy Druce Third-Place Funding Prize — Invitris, Technical College of Munich.
* $100,000 Houston Angel Community Funding Prize — Hoth Intelligence, College of Pittsburgh.
* $100,000 TiE Houston Angel Group Funding Prize — LIDROTEC, RWTH Aachen College.
* $50,000 RBPC Alumnus, Thomas Healy, Funding Prize — LIDROTEC, RWTH Aachen College.
* $25,000 RBPC Alumnus, Thomas Healy, Funding Prize — Mallard Bay Outside, Louisiana State College.
* $10,000 RBPC Alumnus, Thomas Healy, Funding Prize — Daring Transfer Drinks, College of Texas at Austin.
* $40,000 nCourage Funding Group’s Brave Ladies Entrepreneurs Funding Prize — Invitris, Technical College of Munich.
* $10,000 nCourage Funding Group’s Brave Ladies Entrepreneurs Funding Prize — Pareto, Stanford College.
* $25,000 Southwest Nationwide Pediatric Gadget Prizes (two prizes) — Superior Optronics, Carnegie Mellon College; EpiSLS, College of Michigan.
* $25,000 City Capital Community Funding Prize — Woobie, Brigham Younger College.
* $25,000 IN2 Vitality, Cleantech and Sustainability Prize — EpiFresh, Rice College.
* $25,000 Pearland Financial Improvement Company Spirit of Entrepreneurship Prize — Hoth Intelligence, College of Pittsburgh.
* $25,000 New Local weather Ventures Funding Prize — Mantel, Massachusetts Institute of Expertise.
* $20,000 OFW Regulation FDA Regulatory Technique In-Variety Prize — Superior Optronics, Carnegie Mellon College.
* $5,000 Eagle Traders Prize — LIDROTEC, RWTH Aachen College.
* $3,000 Nixon Institute Prize — LymphaSense, Johns Hopkins College.
* $3,000 DK Innovation Vitality Prize — Mantel, Massachusetts Institute of Expertise.
* $1,000 Mercury Elevator Pitch Competitors Prize — EpiFresh, Rice College
The seven finalists primarily based on the judges’ total scores had been:
LIDROTEC, RWTH Aachen College — grand prize and particular person prizes value a complete of $682,200.
Hoth Intelligence, College of Pittsburgh — second place and a complete of $386,700 in prizes.
Hoth Intelligence’s software program makes use of augmented actuality to let well being care suppliers see “by” and “into” sufferers to information procedures and scale back error.
Invitris, Technical College of Munich — third place and a complete of $97,200 in prizes.
Invitris leverages artificial biology to create novel therapeutics to deal with antibiotic-resistant bacterial infections.
LymphaSense, Johns Hopkins College — fourth place and $258,000 in prizes, together with the $5,000 Norton Rose Fulbright Fourth-Place Money Prize.
LymphaSense’s wearable screening machine is revolutionizing the best way breast most cancers sufferers are monitored for indicators of lymphedema following therapy.
INIA Biosciences, Boston College — fifth place and the $5,000 EY Fifth-Place Money Prize.
INIA Biosciences is creating a noninvasive, home-administered bioelectronic machine to supply therapy following a kidney transplant.
Daring Transfer Drinks, College of Texas at Austin — sixth place and $15,000 in prizes, together with the $5,000 Chevron Expertise Ventures Sixth-Place Money Prize.
Daring Transfer Drinks is an early-stage alcohol model that mixes espresso and whiskey to create Chilly Brooze in two flavors.
Anise Well being, Harvard College — seventh place and the $7,000 Shell Ventures Seventh-Place Money Prize and Edward H. Molter Memorial Wildcard Prize from Egan Nelson.
Anise Well being is a digital platform providing culturally tailored psychological well being care to racial and ethnic minorities, beginning with Asian People.
All rivals additionally obtained:
- Entrepreneur Futures Community (EFN) mentoring: EFN mentors provided pre-competition mentoring and recommendation to every of the groups on matters similar to refining a marketing strategy, refining monetary fashions and enhancing presentation expertise.
- Amazon Internet Providers: Service credit for every of the 42 startup groups for 2 years.
- Palo Alto Software program: Entry to Reside Plan presentation and evaluation software program
- Allianse: 3-month trial to buyers and capital platform
For extra details about the 2022 Rice Enterprise Plan Competitors, go to rbpc.rice.edu.