This year, Rice University's NRLC started with 100 student venture teams before being whittled down to the final five at the championship. Photo courtesy of Rice

A group of Rice University student-founded companies shared $100,000 of cash prizes at an annual startup competition.

Liu Idea Lab for Innovation and Entrepreneurship's H. Albert Napier Rice Launch Challenge, hosted by Rice earlier this month, named its winners for 2024. HEXASpec, a company that's created a new material to improve heat management for the semiconductor industry, won the top prize and $50,000 cash.

Founded by Rice Ph.D. candidates Tianshu Zhai and Chen-Yang Lin, who are a part of Lilie’s 2024 Innovation Fellows program, HEXASpec is improving efficiency and sustainability within the semiconductor industry, which usually consumes millions of gallons of water used to cool data centers. According to Rice's news release, HEXASpec's "next-generation chip packaging offer 20 times higher thermal conductivity and improved protection performance, cooling the chips faster and reducing the operational surface temperature."

The rest of the winners included:

  • Second place and $25,000: CoFlux Purification
  • Third place and $15,000: Bonfire
  • Outstanding Achievement in Social Impact Award and $1,500: EmpowerU
  • Outstanding Achievement in Artificial Intelligence and $1,000: Sups and Levytation
  • Outstanding Achievement in Consumer Goods Prize and $1,000: The Blind Bag
  • Frank Liu Jr. Prize for Creative Innovations in Music, Fashion and the Arts and $1,500: Melody
  • Outstanding Achievement in Climate Solutions Prizes and $1,000: Solidec and HEXASpec
  • Outstanding Undergraduate Startup Award and $2,500: Women’s Wave
  • Audience Choice Award and $2,000: CoFlux Purification

The NRLC, open to Rice students, is Lilie's hallmark event. Last year's winner was fashion tech startup, Goldie.

“We are the home of everything entrepreneurship, innovation and research commercialization for the entire Rice student, faculty and alumni communities,” Kyle Judah, executive director at Lilie, says in a news release. “We’re a place for you to immerse yourself in a problem you care about, to experiment, to try and fail and keep trying and trying and trying again amongst a community of fellow rebels, coloring outside the lines of convention."

This year, the competition started with 100 student venture teams before being whittled down to the final five at the championship. The program is supported by Lilie’s mentor team, Frank Liu and the Liu Family Foundation, Rice Business, Rice’s Office of Innovation, and other donors

“The heart and soul of what we’re doing to really take it to the next level with entrepreneurship here at Rice is this fantastic team,” Peter Rodriguez, dean of Rice Business, adds. “And they’re doing an outstanding job every year, reaching further, bringing in more students. My understanding is we had more than 100 teams submit applications. It’s an extraordinarily high number. It tells you a lot about what we have at Rice and what this team has been cooking and making happen here at Rice for a long, long time.”

HEXASpec was founded by Rice Ph.D. candidates Tianshu Zhai and Chen-Yang Lin, who are a part of Lilie’s 2024 Innovation Fellows program. Photo courtesy of Rice

Here's what student-founded companies won big at this annual competition. Photo courtesy of Rice University

Annual Rice student startup competition names winners, awards over $100,000 in prizes

winning teams

Five startups founded by Rice University students pitched their companies this week — and walked away with more than $100,000 in prizes.

The H. Albert Napier Rice Launch Challenge, or NRLC, is an annual competition that selects a small group of student-founded startups from Rice University. The program, which is open to undergraduate, graduate, and MBA students, concluded on April 19 and doled out several investment prizes to the finalists, which were named earlier this month.

Here's what each finalist walked away with this year:

First Place: Goldie

Goldie, founded by three Rice MBA students, won the first place — a $50,000 investment prize — as well as the Frank Liu Jr. Prize for Creative Innovations in Music, Fashion, & the Arts, which came with $2,500.

The company uses its algorithm-based fit finder technology to help online shoppers find their perfect fits digitally based on physical measurements and production size charts. On the other end of the transactions, Goldie lowers the 21 percent e-commerce rate of returns and increases customer lifetime value.

Founders: Viviane Nguyen, CEO and MBA ‘23; Stephanie Zhou, COO and MBA ‘23; Samantha Wong, CTO and Master's of science in Mechanical Engineering and MBA ‘22.

Second Place: Tierra Climate

Coming in second place — and securing a $25,000 prize, was Tierra Climate. The company is looking at a unique challenge within the grid-scale battery business. Normally not compensated for the clean storage work they do, these battery operators are able to be compensated on the Tierra Climate platform, where battery projects can sell verified Carbon Avoidance Offsets to corporate buyers.

Founders: Emma Konet, CTO and MBA ’24; Jacob Mansfield, CEO and Harvard MBA ‘23

Third Place: Separion

Separion claimed third place and a $15,000 prize. The company is addressing battery storage with its solution that uses brines already produced by geothermal energy and provides an environmentally friendly extraction process will supply lithium faster, purer, and greener.

Founders: Yuren Feng, CEO and Environmental Engineering PhD ‘24; Xiaochuan Huang, CTO and Environmental Engineering PhD ‘23; Ze He, COO and Chemical Engineering PhD ‘23

Audience Choice Award: Sygne Solutions

Sygne Solutions secured the $1,500 Audience Choice Award. The company has created a patent-pending technology that permanently destroys PFAS – thereby eliminating them from the environment. The process is scalable and sustainable, and targets the substances in water.

Founders: Bo Wang, Chemical Engineering PhD ‘23; Subash Kannan, MBA ‘24; Dana Vazquez, MBA ‘24; Kimberly Heck, Chemical and Biomolecular Engineering Research Scientist

Outstanding Undergraduate Award: Tidepay

Tidepay won the Outstanding Undergraduate Award and $5,000. The company is targeting the shipping industry with its HR and payroll solution that streamlines the onboarding process and helps transfer wages to their globally positioned employees’ bank accounts. The technology enables character reading technology to scan documents and verify eligibility and provides digital bank accounts and debit cards to unbanked seafarers. They also serve the seafarer by offering financial and logistical support services beyond remittance.

Founders: Andrew Pitigoi, CEO and Finance BBA ‘26; Devin Shah, CFO and Finance BBA ‘26

Additional prizes:

The program also awarded two prizes to two organizations not previously listed as finalists by the program:

  • The Parent Teacher Collaborative, founded by Jessica Faith Carter MBA ‘24, a school and community based nonprofit that aims to improve student outcomes by building strong collaborative partnerships between parents and teachers, received the RISE@Rice: The Sen Social Pioneer Prize for $1,000.
  • RiseWorks, an AI-driven music therapy for mental health needs, secured the Frank Liu Jr. Prize for Creative Innovations in Music, Fashion, & the Arts for $2,500. The company was founded by Jucheng Shen BS ‘26, Lai Peng BS ‘24, Yuan Chen BS ‘25, and Kaiyuan Wu BS ‘23.
The H. Albert Napier Rice Launch Challenge is taking place this month. See which student-founded startups made it to the finals. Photo courtesy of Rice

5 Rice University-founded startups named finalists ahead of annual pitch competition

student founders

Five student-founded startups are headed to the finals of a prestigious Rice University startup pitch competition later this month.

The H. Albert Napier Rice Launch Challenge, or NRLC, is a venture competition that features Rice University's top student-founded startups. The annual competition is open to undergraduate, graduate, and MBA students. The organization also has an alumni track, which will not be held this year, but will open its applications in 2024.

According to Rice, NRLC attracted more applicants than ever this year, and the organization had to narrow down the finalists in two rounds. The first round selecter 12 companies and the second round narrowed down to the five finalists that will compete at NRLC's 2023 championship event is on April 19. The finalists will pitch their business ventures to win a share of $100,000 in equity-free funding. The event is free and open to anyone interested in attending.

Here are the five startups founded by Rice students that have made it to the finals.

Goldie

Goldie, founded by three Rice MBA students, uses its algorithm-based fit finder technology to help online shoppers find their perfect fits digitally based on physical measurements and production size charts. On the other end of the transactions, Goldie lowers the 21 percent e-commerce rate of returns and increases customer lifetime value.

Founders: Viviane Nguyen, CEO and MBA ‘23; Stephanie Zhou, COO and MBA ‘23; Samantha Wong, CTO and Master's of science in Mechanical Engineering and MBA ‘22.

Separion

As the world continues to solve the challenges associated with energy storage, the demand for lithium continues to rise. Separion has a solution that uses brines already produced by geothermal energy and provides an environmentally friendly extraction process will supply lithium faster, purer, and greener.

Founders: Yuren Feng, CEO and Environmental Engineering PhD ‘24; Xiaochuan Huang, CTO and Environmental Engineering PhD ‘23; Ze He, COO and Chemical Engineering PhD ‘23

Sygne Solutions

The world is riddled with "forever" chemicals, as defined by the CDC. These per- and poly-fluoroalkyl substances build up in our bodies, dever degrade, and can cause many health issues, such as cancer, asthma, liver damage, thyroid disease, decreased fertility, and cause congenital disabilities. Sygne Solutions has created a patent-pending technology that permanently destroys PFAS – thereby eliminating them from the environment. The process is scalable and sustainable, and targets the substances in water.

Founders: Bo Wang, Chemical Engineering PhD ‘23; Subash Kannan, MBA ‘24; Dana Vazquez, MBA ‘24; Kimberly Heck, Chemical and Biomolecular Engineering Research Scientist

Tidepay

Tidepay is targeting the shipping industry with its HR and payroll solution that streamlines the onboarding process and helps transfer wages to their globally positioned employees’ bank accounts. The technology enables character reading technology to scan documents and verify eligibility and provides digital bank accounts and debit cards to unbanked seafarers. They also serve the seafarer by offering financial and logistical support services beyond remittance.

Founders: Andrew Pitigoi, CEO and Finance BBA ‘26; Devin Shah, CFO and Finance BBA ‘26

Tierra Climate

Tierra Climate is looking at a unique challenge within the grid-scale battery business. Normally not compensated for the clean storage work they do, these battery operators are able to be compensated on the Tierra Climate platform, where battery projects can sell verified Carbon Avoidance Offsets to corporate buyers.

Founders: Emma Konet, CTO and MBA ’24; Jacob Mansfield, CEO and Harvard MBA ‘23

These three startups walked away from a pitch competition with thousands of dollars in equity-free prizes. Photo courtesy of Rice University

3 alumni-founded startups claim cash prizes at Rice University pitch competition

winner, winner

Three startups founded by Rice University graduates have won investment prizes at an annual pitch competition.

The annual H. Albert Napier Rice Launch Challenge, or NRLC, welcomed a panel of judges to hear from six alumni-founded startups in the finals last week. The prizes on the line totaled $65,000 in equity-free funding. The event, which is separate from the student version of the competition, is hosted by Rice’s Liu Idea Lab for Innovation and Entrepreneurship.

The big winner of the 2022 competition was Rhythio Medical, a preventative heart arrhythmias treatment startup. The company won first place, which included $30,000 in equity-free funding, as well as the Audience Choice Award that came with $1,500.

Taking second place, Synopic, which facilitates faster and more accurate surgical procedures through improved endoscopic vision technology, won $20,000 in equity-free funding. Lastly, Green Room, a platform that streamlines taxes and payments for touring artists, clinched third place and $15,000.

The event, named for Rice professor emeritus and entrepreneurship program founder H. Albert Napier, was sponsored by Mercury Fund, T-Minus Solutions and Chevron Technology Ventures. This year's finalists were selected by judges made up of Rice alumni. Three judges — Danielle Conkling, director at Silicon Valley Bank, Paul Manwell, senior director at Google, and Joanna Nathan, manager of new ventures at Johnson & Johnson — listened to and evaluated each company's five-minute pitch and followed up with questions.

Rhythio Medical was founded by CEO Kunal Shah, class of 2022, and Savannah Esteve, who also serves as head of product. The technology includes a surgically injected wire that makes an irregular heart work like a healthy one. It works alongside a traditional implantable cardioverter defibrillator, however, the wire but works to prevent arrhythmias, while ICDs treat arrhythmias with a painful shock to the patient’s heart. The company lists the Texas Heart Institute and the University of Texas at Austin as its research partners.

Six Rice University student-led startups pitched and were awarded $75,000 in equity-free funding. Photo courtesy of Rice

Rice University student startup challenge names winning teams

winner, winner

Rice University's six student startup teams competed for thousands of dollars in investment prizes, and one company came out on top — but a few other companies walked away with fresh funding too.

The 2022 H. Albert Napier Rice Launch Challenge doled out $75,000 to student-founded companies at Rice last week. Helix Earth Technologies, which has developed a filter that helps limit water waste in power plants, and its founder, Rawand Rasheed, a doctoral candidate in mechanical engineering at Rice University, won first place ans $35,000. The company been testing its technology on the power plants on campus.

The second-place team was EpiFresh, which created a protein-based coating doubles the shelf-life of fruit and vegetables, won $25,000. Guildata, which provides global health organizations with data that shows the greatest return on investment, won third place and $10,000.

The competition also included three additional awards:

  • Guildata won the $1,000 RISE@Rice: The Sen Social Pioneer Prize
  • SkySpace won the $1,500 Frank Liu Jr. Prize for Creative Innovations
  • Aqualight Materials won the $2,500 Chevron Tech Ventures Climate Innovations Prize
  • Berman Foods, an artisanal plant-based cheese and spread provider, won the $1,500 Norman E. Leebron Audience Choice Award

This year's competition saw participation from almost 200 students and a record 84 teams. The Liu Idea Lab for Innovation and Entrepreneurship whittled those entries down for judges, which included Thomas Ball, co-founder and managing director at Next Coast Ventures; Lisa Besserman, managing director at Expa; and Xiaodi Zhang, chief product officer at 1stDibs. On April 20, six finalists pitched in the championship round in five-minute pitches followed by seven minutes of questions.

Additionally, all competitors received personalized mentoring from experienced entrepreneurs, investors, and subject matter experts. The program started in 2017 with 15 student-run companies vying for a win. This year's NRLC was sponsored by Mercury Fund, T-Minus Solutions, and Chevron Technology Ventures.

These six finalists of The H. Albert Napier Rice Launch Challenge Championship will pitch on April 20. Photo courtesy of Rice University

Rice University startup pitch competition names 6 finalists

pitch perfect

Six student-founded startups are headed to the finals of a Rice University pitch competition — and this round is where the money is on the line.

The H. Albert Napier Rice Launch Challenge, open to undergraduate or graduate students in the spring as well as alumni in the summer, started in 2017 with 15 student-run companies vying for a win. The 2022 edition saw participation from almost 200 students and a record 84 teams. The Liu Idea Lab for Innovation and Entrepreneurship whittled those entries down and, after the first round of judging on March 24, six teams are headed the the finals.

The startups will make their pitches in-person at Rice University on Wednesday, April 20, starting at 5:30 pm and compete for over $75,000 in equity free funding.

These are the six student-led startups that will pitch at the finals are:

AutoEdge

AutoEdge is an artificial intelligence-powered quality assurance platform that assists small and medium manufacturers to quickly detect defects and provide clear actionable items to fix inefficiencies.

Founders:

  • Alfredo Costilla Reyes, Post-Doc – Computer Science, 2023, The DATA Lab led by Professor Ben Hu
  • Kwei-Herng Lai, M.S. – Computer Science
  • Daochen Zha, M.S. – Computer Science

Berman Foods

Berman Foods is a artisanal plant-based cheese and spread creator that uses nutritious ingredients.

Founder: Delaney Berman, MBA, 2022

​EpiFresh 

Another food-focused startup, ​EpiFresh is emphasizing fresher ingredients and less waste. Their healthy and sustainable protein-based coating doubles the shelf-life of fruit and vegetables, reducing waste by delaying decay as it moves from the farm to your fridge.

Founders:

  • Neethu Pottackal, PhD – Materials & Nanoengineering, 2024, Professor Pulickel Ajayan’s Lab
  • Aasha Zinke, Materials & Nano Engineering, 2024

​GradGenius

GradGenius is designed to provide users — those looking for a higher education opportunity — a one-stop-shop experience to selecting schools based on personal interests.

Founders:

  • David Akpakwu, MBA, 2023
  • Chinedum Peter Ezeakacha, MBA, 2023

Guildata

Guildata provides global health organizations with data that shows the greatest return on investment, by reduction in morbidity and mortality, for public health interventions in a non-disease centric approach.

Founders:

  • Stephanie Pons, MBA, 2022
  • Kurt Reece, MBA, 2022
  • Ryan Jensen, MBA, 2022

Helix Earth Technologies

Helix Earth Technologies is helping save our planet by helping power plant operators reduce their plant water use and subsequently reducing their overall operating costs.

Founder: Rawand Rasheed, PhD – Mechanical Engineering, 2023, Professor Daniel Preston’s Lab

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2 Houston space tech cos. celebrate major tech milestones

big wins

Two Houston aerospace companies — Intuitive Machines and Venus Aerospace — have reached testing milestones for equipment they’re developing.

Intuitive Machines recently completed the first round of “human in the loop” testing for its Moon RACER (Reusable Autonomous Crewed Exploration Rover) lunar terrain vehicle. The company conducted the test at NASA’s Johnson Space Center.

RACER is one of three lunar terrain vehicles being considered by NASA for the space agency’s Artemis initiative, which will send astronauts to the moon.

NASA says human-in-the-loop testing can reveal design flaws and technical problems, and can lead to cost-efficient improvements. In addition, it can elevate the design process from 2D to 3D modeling.

Intuitive Machines says the testing “proved invaluable.” NASA astronauts served as test subjects who provided feedback about the Moon RACER’s functionality.

The Moon RACER, featuring a rechargeable electric battery and a robotic arm, will be able to accommodate two astronauts and more than 880 pounds of cargo. It’s being designed to pull a trailer loaded with more than 1,760 pounds of cargo.

Another Houston company, Venus Aerospace, recently achieved ignition of its VDR2 rocket engine. The engine, being developed in tandem with Ohio-based Velontra — which aims to produce hypersonic planes — combines the functions of a rotating detonation rocket engine with those of a ramjet.

A rotating detonation rocket engine, which isn’t equipped with moving parts, rapidly burns fuel via a supersonic detonation wave, according to the Air Force Research Laboratory. In turn, the engine delivers high performance in a small volume, the lab says. This savings in volume can offer range, speed, and affordability benefits compared with ramjets, rockets, and gas turbines.

A ramjet is a type of “air breathing” jet engine that does not include a rotary engine, according to the SKYbrary electronic database. Instead, it uses the forward motion of the engine to compress incoming air.

A ramjet can’t function at zero airspeed, so it can’t power an aircraft during all phases of flight, according to SKYbrary. Therefore, it must be paired with another kind of propulsion, such as a rotating detonation rocket engine, to enable acceleration at a speed where the ramjet can produce thrust.

“With this successful test and ignition, Venus Aerospace has demonstrated the exceptional ability to start a [ramjet] at takeoff speed, which is revolutionary,” the company says.

Venus Aerospace plans further testing of its engine in 2025.

Venus Aerospace, recently achieved ignition of its VDR2 rocket engine. Photo courtesy of Venus Aerospace

METRO rolls out electric shuttles for downtown Houston commuters

on a roll

The innovative METRO microtransit program will be expanding to the downtown area, the Metropolitan Transit Authority of Harris County announced on Monday.

“Microtransit is a proven solution to get more people where they need to go safely and efficiently,” Houston Mayor John Whitmire said in a statement. “Connected communities are safer communities, and bringing microtransit to Houston builds on my promise for smart, fiscally-sound infrastructure growth.”

The program started in June 2023 when the city’s nonprofit Evolve Houston partnered with the for-profit Ryde company to offer free shuttle service to residents of Second and Third Ward. The shuttles are all-electric and take riders to bus stops, medical buildings, and grocery stores. Essentially, it works as a traditional ride-share service but focuses on multiple passengers in areas where bus access may involve hazards or other obstacles. Riders access the system through the Ride Circuit app.

So far, the microtransit system has made a positive impact in the wards according to METRO. This has led to the current expansion into the downtown area. The system is not designed to replace the standard bus service, but to help riders navigate to it through areas where bus service is more difficult.

“Integrating microtransit into METRO’s public transit system demonstrates a commitment to finding innovative solutions that meet our customers where they are,” said METRO Board Chair Elizabeth Gonzalez Brock. “This on-demand service provides a flexible, easier way to reach METRO buses and rail lines and will grow ridership by solving the first- and last-mile challenges that have hindered people’s ability to choose METRO.”

The City of Houston approved a renewal of the microtransit program in July, authorizing Evolve Houston to spend $1.3 million on it. Some, like council member Letitia Plummer, have questioned whether microtransit is really the future for METRO as the service cuts lines such as the University Corridor.

However, the microtransit system serves clear and longstanding needs in Houston. Getting to and from bus stops in the city with its long blocks, spread-out communities, and fickle pedestrian ways can be difficult, especially for poor or disabled riders. While the bus and rail work fine for longer distances, shorter ones can be underserved.

Even in places like downtown where stops are plentiful, movement between them can still involve walks of a mile or more, and may not serve for short trips.

“Our microtransit service is a game-changer for connecting people, and we are thrilled to launch it in downtown Houston,” said Evolve executive director Casey Brown. “The all-electric, on-demand service complements METRO’s existing fixed-route systems while offering a new solution for short trips. This launch marks an important milestone for our service, and we look forward to introducing additional zones in the new year — improving access to public transit and local destinations.”

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This article originally ran on CultureMap.