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Rice University announces the 42 teams competing for over $1.5 million in its student startup contest

The 19th annual Rice Business Plan Competition has revealed its finalists. Courtesy of Rice University

One of the world's largest startup competitions just got larger. Rice University revealed the 42 student-led teams from around the world that will be competing for more than $1.5 million in prizes this spring. Of the 42, two are from Houston universities — Curenav from University of Houston and LilySpec from Rice University.

The 19th annual Rice Business Plan Competition will take place from April 4 to 6 at Rice University's Jones Graduate School of Business.

"The true measure of success for the Rice Business Plan Competition is the number of teams that launch, raise funding and go on to succeed in their business," says Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship at Rice University, in a release. "The competition has served as the launch pad for a great number of successful entrepreneurial ventures, and the success rate far exceeds the national average."

According to the release, a group of judges whittled down over 300 applications across in four categories: life sciences, medical devices, and digital health; digital, information technology, and mobile; energy, clean technology, and sustainability; and other innovations, investment opportunity.

A different set of 275 judges will review the business plans of the finalists for the competition. The organization has a new application, judging, and scoring system, which was created by Houston-based Poetic, a business tech company.

Here's some of the prizes that are on the line for these finalists, according to the release:

  • $100,000 Cisco Global Problem Solver prize
  • $350,000 Investment Grand Prize from The GOOSE Society of Texas
  • $100,000 OWL Investment Prize
  • $100,000 Houston Angel Network Investment Prize
  • $100,000 TiE Investment Prize
  • $50,000 NASA Space Exploration Innovation Award
  • $125,000 second place prize from Finger Interests, Anderson Family Fund and Greg Novak of Novak Druce
  • $25,000 nCourage Courageous Women Entrepreneur Prize
  • $25,000 Women's Health and Wellness Prize awarded by Sandi Heysinger and Dick Williams
  • $25,000 Texas Business Hall of Fame Prize
  • $25,000 Texas Medical Center Accelerator, TMCx, Prizes, plus a guaranteed spot in their accelerator.
  • $20,000 Pearland Economic Development Corporation Prize
  • $100,000 Texas Halo Fund Investment Prize
  • $50,000 Pediatric Device Prize
  • The winner of the grand prize will ring the closing bell at the Nasdaq MarketSite in New York.

The fan favorite can also take home a prize. The fourth annual People's Choice Competition is officially open for voting on Facebook.

Over 210 former RBPC competitors are still in business — with 25 being acquired‚ and have raised over a cumulative $2.2 billion in capital and created more than 3,000 new jobs, according to the release.

These are the 42 companies facing off in this year's awards:

  • EnKoat — Arizona State University
  • Crystal Sonic — Arizona State University
  • Flux Marine — Boston University
  • Formally — Brown University
  • Tarseer — Carnegie Mellon University
  • Delta Band — Carnegie Mellon University
  • Colonai — Columbia University
  • Incite Analytics — Cornell University
  • Neutroelectric — Dartmouth College
  • Chord — Harvard University and MIT
  • Modulus — Housing Solutions IIT Madras (India)
  • Treyetech — Johns Hopkins University
  • Avesta76 — Johns Hopkins University
  • Zilper Trenchless — Massachusetts Institute of Technology
  • AeroShield — Massachusetts Institute of Technology
  • Vita Inclinata Technologies — Mitchell Hamline School of Law
  • BetterLife — Nanyang Technological University (Singapore)
  • Sunthetics — New York University
  • Rhaeos — Northwestern University
  • Odin Technologies — Northwestern University
  • RagnaRock Geo — Norwegian University of Science and Technology (NTNU)
  • Hearth Labs — Princeton University
  • LilySpec — Rice University
  • PL Biosciences RWTH — Aachen University (Germany)
  • NABACO — Texas State University
  • Embryologic — University of California, Irvine
  • MiVUE — UCLA
  • Tutorfly — UCLA
  • Vascugenix — University of Arkansas at Little Rock
  • Respira Labs — University of California, Berkeley
  • AC Biode — University of Cambridge (United Kingdom)
  • Beltech — University of Chicago
  • BrewBike — University of Chicago and Northwestern University
  • Curenav — University of Houston
  • Speeko — University of Iowa
  • Calcium Solutions — University of Michigan
  • Dough — University of Michigan
  • dermadiagnostics — University of Notre Dame
  • Resonado — University of Notre Dame
  • Heart I/O — University of Pittsburgh
  • HRG Infrastructure Monitoring — University of Victoria (Canada)
  • Astrolabe Analytics — University of Washington

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Building Houston

 
 

Space tourism is going to create a lot of jobs — but who's going to take on preparing the workforce? Image via Getty Images

Throughout history, humans have always been fascinated in exploring and traveling around the world, taking them to many exotic places far and away. On the same token, ever since the dimension of space travel has been inaugurated with multiple private companies launching rockets into space, it has become an agenda to make space travel public and accessible to all. We believe that space travel is the next frontier for tourism just like for our forefathers world travel to faraway places was the next frontier, for recreational and adventure purposes.

In a world racing on technology, we can picture flying cars, invisible doors, and international cuisine in space. With this rapid expansion of the land, the idea of space tourism has stirred the space industry to think about running businesses, start trade, and set up universalization beyond the ring of the earth. It is no longer science fiction but our immediate future. However, the true question remains. Who will be responsible for all of it? Are we training the right workforce that is needed to build and run all of this?

Space tourism is an exciting idea in theory, traveling to extra-terrestrial destinations, exploring new planets, all by being in an anti-gravitational environment. Through these diminishing borders and rapid advancements soon we'll be living the space life, all the virtual, metaverse gigs coming to reality. But before that let's explore space tourism and how the solar system will welcome humans.

What is Space tourism?

Ever since 1967, Apollo opened the getaway of space travel and the technological intervention spun to rise. Just like nomad tourism, space tourism is human space travel for commercializing interstellar for leisure or pleasurable adventures of the unknown. Space has different levels of horizons, according to research, orbital space has high speeds of 17,400 mph to allow the rocket to orbit around the Earth without falling onto the land. While lunar space tourism goes into subcortical flights and brings people back at a slower speed.

Studies have shown that in the upcoming years, commercial space exploration will hike up the economical database, by generating more than expected revenue. On these grounds, space tourism won't be limited to suborbital flights but rather take onto orbital flights, this revolutionary expenditure will change the future.

Everything aligns when the right team works together endlessly to reach the stars. The space exploration will only take place with enthusiastic and empowered individuals catering towards their roles.

Astronomers, space scientists, meteorologists, plasma physicists, aerospace engineers, avionics technicians, technical writers, space producers, and more will work in the field to make this space dream come true.

The attraction of Space exploration

Curiosity is the gateway to the seven wonders of the world. Humans are born with novelty-seeking, the drive to explore the unknown and push boundaries. This exploration has benefited society in a million ways, from making bulbs to jets.

The attraction towards exploring the space stems from the same desire for novelty seeking. We want to answer the most difficult questions about the universe, is there only darkness beyond that sky? Can we live on another planet if ours die? To address the challenges of space and the world, we have created new technologies, industries, and a union worldwide. This shows how vital space exploration is to humans. Many astronauts dwell on the idea of seeing the iconic thin blue outline of our planet, the quintessential experience makes the astronaut go back and back. However, are we entering this dimension with the right skills? Is our future workforce ready to take need the best

Who will lead the path?

The main question that still goes unanswered is who will run space tourism. When it comes to the future, there are infinite options. One decision and you will fly into an endless sky.

This expenditure has opened multiple career opportunities for the future workforce to take on for diversification and exploration of space. Currently, we cannot predict how people will find meaning and improve their lives through space tourism, but it will be a soul-awakening experience. According to experts, travelers would prefer a livelihood in space for which companies are working day and night to figure out accommodation and properties. The ideas include having space hotels, offices, research labs, and tents for operations.

Lastly, space tourism is just a start, we are moving into a dimensional field of physics and astronomy to create new opportunities and ground-breaking inventions to explore the untouchable. The new era of more refined and thoroughly accessed careers are on the rise, let's see how the world evolves in the next 10 years.

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Ghazal Qureshi is the founder and CEO of UpBrainery, a Houston-based immersive educational technology platform that taps into neuroscience research-based programs to provide adaptive learning and individualized pathways for students at home or in the classroom.

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