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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

 
 

Here's what not to miss at the first all-virtual CERAWeek by IHS Markit. Screenshot via virtual.ceraweek.com

While usually hundreds of energy experts, C-level executives, diplomats, members of royal families, and more descend upon Houston for the the annual CERAWeek by IHS Markit conference, this year will be a little different. Canceled last year due to COVID-19, CERAWeek is returning — completely virtually.

The Agora track is back and focused on innovation within the energy sector. The Agora track's events — thought-provoking panels, intimate pods, and corporate-hosted "houses" — can be accessed through a virtual atrium.

Undoubtedly, many of the panels will have Houston representatives considering Houston's dominance in the industry, but here are five innovation-focused events you can't miss during CERAWeek that feature Houstonians.

Monday — New Horizons for Energy & Climate Research

The COVID-19 pandemic has made vivid and real the risks of an uncontrolled virus. Risks posed by climate change are also becoming more palpable every day. At the forefront of understanding these risks, universities are developing solutions by connecting science, engineering, business, and public policy disciplines. Along with industry and governments, universities are critical to developing affordable and sustainable solutions to meet the world's energy needs and achieve net-zero emission goals. Can the dual challenge of more energy and lower emissions be met? What is some of the most promising energy and climate research at universities? Beyond research, what are the roles and responsibilities of universities in the energy transition?

Featuring: Kenneth B. Medlock, III, James A. Baker, III, and Susan G. Baker Fellow In Energy And Resource Economics, Baker Institute and Senior Director, Center For Energy Studies at Rice University

Catch the panel at 1 pm on Monday, March 1. Learn more.

Tuesday — Conversations in Cleantech: Powering the energy transition

With renewables investment outperforming oil and gas investment for the first time ever in the middle of a pandemic, 2020 was a tipping point in the Energy Transition. Low oil prices intensified energy majors' attention on diversification and expansion into mature and emerging clean technologies such as battery storage, low-carbon hydrogen, and carbon removal technologies. Yet, the magnitude of the Energy Transition challenge requires an acceleration of strategic decisions on the technologies needed to make it happen, policy frameworks to promote public-private partnerships, and innovative investment schemes.

Three Cleantech leaders share their challenges, successes, and lessons learned at the forefront of the Energy Transition. What is their vision and strategy to accelerate lowering emissions and confronting climate change? Can companies develop clear strategies for cleantech investments that balance sustainability goals and corporate returns? What is the value of increasing leadership diversity for energy corporations? Can the Energy Transition be truly transformational without an inclusive workforce and a diverse leadership?

Featuring: Emily Reichert, CEO of Greentown Labs, which is opening a location in Houston this year.

The event takes place at 11:30 am on Tuesday, March 2. Learn more.

Wednesday — Rice Alliance Venture Day at CERAWeek

The Rice Alliance for Technology and Entrepreneurship pitch event will showcase 20 technology companies with new solutions for the energy industry. Each presentation will be followed by questions from a panel of industry experts.

Presenting Companies: Acoustic Wells, ALLY ENERGY, Bluefield Technologies, Cemvita Factory, Connectus Global, Damorphe, Ovopod Ltd., DrillDocs, GreenFire Energy, inerG, Locus Bio-Energy Solutions, Nesh, Pythias Analytics, REVOLUTION Turbine Technologies, Revterra, ROCSOLE, Senslytics, Subsea Micropiles, Syzygy Plasmonics, Transitional Energy, and Universal Subsea.

The event takes place at 9 am on Wednesday, March 3. Learn more.

Thursday — How Will the Energy Innovation Ecosystem Evolve?

Although the cleantech innovation ecosystem—research institutions, entrepreneurs, financiers, and support institutions—is diverse and productive, converting cleantech discoveries and research breakthroughs into commercially viable, transformative energy systems has proven difficult. With incumbent energy systems economically efficient and deeply entrenched, cleantech innovation faces a fundamental dilemma—the scale economies necessary to compete require a large customer base that does not yet exist. How is our clean energy innovation ecosystem equipped to be transformative? What needs to be strengthened? Is it profitable to focus on individual elements, or should we consider the system holistically, and reframe our expectations?

Featuring: Barbara Burger, vice president of innovation at Chevron and president at Chevron Technology Ventures

The event takes place at 7:30 am on Thursday, March 4. Learn more.

Friday — Cities: Managing crises & the future of energy

Houston is the capital of global energy and for the past four decades the home of CERAWeek. Mayor Sylvester Turner will share lessons from the city's experience with the pandemic, discuss leadership strategies during times of crisis, and explore Houston's evolving role in the new map of energy.

The event takes place at 8 am on Friday, March 5. Learn more.

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