World's largest student startup competition names teams for 2025 Houston event

ready, set, pitch

Teams from 34 universities from four countries will compete in the 25th annual Rice Business Plan Competition for more than $1 million in prizes. Photo courtesy of Rice University

The Rice Alliance for Technology and Entrepreneurship has announced the 42 student-led teams worldwide that will compete in the 25th annual Rice Business Plan Competition this spring.

The highly competitive event, known as one of the world’s largest and richest intercollegiate student startup challenges, will take place April 10–12 at Houston's The Ion. Teams in this year's competition represent 34 universities from four countries, including one team from Rice.

Graduate student-led teams from colleges or universities around the world will present their plans before more than 300 angel, venture capital, and corporate investors to compete for more than $1 million in prizes. Last year, top teams were awarded $1.5 million in investment and cash prizes.

The 2025 invitees include:

3rd-i, University of Miami
AG3 Labs, Michigan State University
Arcticedge Technologies, University of Waterloo
Ark Health, University of Chicago
Automatic AI, University of Mississippi and University of New Orleans
Bobica Bars, Rowan University
Carbon Salary, Washington University in St. Louis
Carmine Minerals, California State University, San Bernardino
Celal-Mex, Monterrey Institute of Technology and Higher Education
CELLECT Laboratories, University of Waterloo
ECHO Solutions, University of Houston
EDUrain, University of Missouri-St. Louis
Eutrobac, University of California, Santa Cruz
FarmSmart.ai, Louisiana State University
Fetal Therapy Technologies, Johns Hopkins University
GreenLIB Materials, University of Ottawa
Humimic Biosystems, University of Arkansas
HydroHaul, Harvard University
Intero Biosystems, University of Michigan
Interplay, University of Missouri-Kansas City
MabLab, Harvard University
Microvitality, Tufts University
Mito Robotics, Carnegie Mellon University
Motmot, Michigan State University
Mud Rat, University of Connecticut
Nanoborne, University of Texas at Austin
NerView Surgical, McMaster University
NeuroFore, Washington University in St. Louis
Novus, Stanford University
OAQ, University of Toronto
Parthian Baattery Solutions, Columbia University
Pattern Materials, Rice University
Photon Queue, University of Illinois, Urbana-Champaign
re.solution, RWTH Aachen University
Rise Media, Yale University
Rivulet, University of Cambridge and Dartmouth College
Sabana, Carnegie Mellon University
SearchOwl, Case Western Reserve University
Six Carbons, Indiana University
Songscription, Stanford University
Watermarked.ai, University of Illinois, Urbana-Champaign
Xatoms, University of Toronto

This year's group joins more than 868 RBPC alums that have raised more than $6.1 billion in capital with 59 successful exits, according to the Rice Alliance.

Last year, Harvard's MesaQuantum, which was developing accurate and precise chip-scale clocks, took home the biggest sum of $335,000. While not named as a finalist, the team secured the most funding across a few prizes.

Protein Pints, a high-protein, low-sugar ice cream product from Michigan State University, won first place and the $150,000 GOOSE Capital Investment Grand Prize, as well as other prizes, bringing its total to $251,000.

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FluxWorks, a hardtech startup, opened its new home-base in Conroe, Texas. Photo courtesy FluxWorks

Hardtech startup moves into Houston area with new Conroe facility, eyes tests in space

LEADING TECH

FluxWorks, a hardtech startup, recently opened its new base of operations in Workhub Developments’ Conroe location.

Founded in College Station by CEO Bryton Praslicka, FluxWorks specializes in making contactless magnetic gears for use in extreme conditions. At 9,000 square feet, the new Conroe facility is a result of discussions with Governor Greg Abbott's office and the Greater Houston Partnership, who introduced the company’s leadership to the Conroe Economic Development Council, encouraging their move, Praslicka tells InnovationMap.

“The pieces of the puzzle were all there, and with the support of the local, state, and federal government, we were thrilled to move to Conroe,” Paslicka says.

CEO Bryton Praslicka founded the company in College Station. Photo courtesy FluxWorks

The enterprise recently won the MassChallenge’s technology in space prize, allowing them to test four gears at the International Space Station (ISS) National Laboratory in 2026. The prize is funded by Boeing and the Center for the Advancement of Science in Space, or CASIS which runs the ISS. Praslicka says their new offices will expand their manufacturing capacity by having all levels of production on-site.

"Since our inception, FluxWorks has been fragmented, having an office in one location, manufacturing in another location, and testing in a third location," Praslicka explains. "This is a new chapter for us to begin having the entire process, from design to testing and validation and then shipping to customers, all under one house.”

The magnetic gears FluxWorks makes are suited to space applications because they do not require lubricants, which can be difficult to control at harsh temperatures and in microgravity, to minimize friction. Through their partnership with the ISS, Praslicka says FluxWorks has strengthened their connections to other space tech companies including Axiom and Boeing, and it's opened the door to collaborations with the new Texas Space Commission.

“Now the NASA Johnson Space Center is even officially supporting our proposal to the Texas Space Commission as a proposed teaming partner,” Praslicka says.

The new facility received special security certification from the National Institute of Standards and Technology, increasing FluxWorks’ opportunities to work with NASA and defense contractors. The Texas Manufacturing Assistance Center awarded FluxWorks for “outstanding innovation” during its recent ribbon cutting ceremony.

The company, named a finalist for the 2024 Houston Innovation Awards, cleaned up in the 2023 Rice Business Plan Competition with a $350,000 investment prize from Houston group, Goose Capital.

FluxWorks has moved into its 9,000-square-foot facility in Conroe. Photo courtesy FluxWorks

Mitra Miller, vice president and board member of the Houston Angel Network, joins the Houston Innovators Podcast to share her passion for growing angel investors in Houston. Photo via LinkedIn

Houston investor calls for all angels to move the ecosystem forward

houston innovators podcast episode 233

One of the biggest components of a well-functioning startup ecosystem is inarguably access to capital, and Mitra Miller is dedicated to enhancing education around investment and growing Houston's investor base.

As vice president and board member of the Houston Angel Network, the oldest angel network in Texas and one of the most active angel networks in the country, Miller strives to provide guidance to new and emerging angel investors as well as founders seeking to raise money from them.

"Most founders have no idea or understanding of how investors think — we are not an ATM," Miller says on the Houston Innovators Podcast. "We are really partners you are getting married to for the next 5, 8, 10 years — sometimes longer. We need to bring your allies in every sense of the word."

HAN, a nonprofit, provides a unique opportunity for its members, as Miller explains. The group consists of around 100 individuals from all business backgrounds, so evaluating companies together brings more than just a wealth of capital — but also a wealth of knowledge.

"What HAN provides is access to investments," Miller says, adding that members have the benefit in evaluating companies together with people from different backgrounds. "Inside a group like HAN, we have extraordinary expertise."

In addition to educating both founders and investors in the process, Miller has dedicated herself to providing opportunities for students in low-income parts of Houston to learn about the startup world. Eight years ago, she founded Eagle Investors, an organization that provides a year-long program that culminates in a group of students participating as judges for the Rice Business Plan Competition.

"They spend a year learning about innovation, entrepreneurship, and investing by meeting local investors, entrepreneurs, and service providers. They go around Houston to get to visit and ... experience all of the ecosystem," Miller says.

At RBPC, the cohort of high school students evaluate the pitches and select a company to provide a $5,000 prize.

Miller herself has been a judge at RBPC for 20 years now, and she's had a front row seat for watching Houston develop as an ecosystem. She's seen the city make real progress, but has one major call to action.

"The piece that I am most aware of that I would like to see grow is activating more accredited investors who are interested in this asset class of early-stage companies and plugging in," Miller says. "They can also invest their time and knowledge to help companies in our region grow and scale."

Rice Business Plan Competition named its participants for 2024. Photo courtesy of Rice

Annual student startup competition in Houston names teams for 2024

ready to pitch

The Rice Alliance for Technology and Entrepreneurship announced the 42 student-led teams worldwide that will compete in the highly competitive Rice Business Plan Competition this spring.

The annual competition, known as one of the world’s largest and richest intercollegiate student startup competitions, will take place April 4 to 6 in Houston. Teams in this year's competition represent 35 universities from four countries, including two teams from Houston and four others from Texas.

Teams, made up of graduate students from a college or university anywhere in the world, will present their plans before 350 angel, venture capital, and corporate investors to compete for more than $1 million in prizes. Last year, teams were awarded $3.4 million in investment and in-kind prizes, the largest total awarded thus far in the decades-old competition after some investors doubled — or even tripled — down on investment awards.

The 2024 RBPC will focus on five categories: Energy, Cleantech and Sustainability; Hard Tech; Life Sciences and Healthcare Solutions; Digital Enterprise; Consumer Products and Services.

Invitees include:

AIRS ML, Imperial College London (United Kingdom)
Blaze Power, UCLA
ChiChi Foods, Washington University in St. Louis
CureWave Sciences, Rutgers University
CurveAssure, Johns Hopkins University
D.Sole, Carnegie Mellon University
Dendritic Health AI, Northwestern University
Dialysis Innovations, University of Michigan
FlowCellutions, University of Pittsburgh
HEXAspec, Rice University
HydroPhos Solutions, University of New Hampshire
Icorium Engineering Company, University of Kansas
Informuta, Tulane University
Kiwi Charge, York University (Canada)
Korion Health, University of Maryland, College Park
Limitless Aeronautics, Embry Riddle Aeronautical University
LiQuidium, University of Houston
Malleous, University of Pittsburgh
MesaQuantum, Harvard University
MineMe, University of Pennsylvania
NaviAI, Cornell University
NutriAI, Tufts University
OSPHIM, RWTH Aachen University (Germany)
Overture Games, Northwestern University
OX SOX, University of Georgia
Oxylus Energy, Yale University
Palanquin Power, University of Texas at Austin
Paradigm Robotics, University of Texas at Austin
Particle-N, University of Connecticut
Poka Labs, Harvard University
Power2Polymer, RWTH Aachen University (Germany)
ProPika, University of Arkansas
Protein Pints, Michigan State University
Samtracs, Oklahoma State University
Sancorda Medical, University of Texas at Dallas
Side Coach Sports, Baylor University
Socian AI, Rochester Institute of Technology
Somnair, Johns Hopkins University
TouchStone, University of California, Berkeley
Vita Innovations, Stanford University
WattShift, University of Chicago
ZebraMD, UCLA

The companies join more than 700 RBPC alumns that have collectively raised more than $5.5 billion in funding. More than 269 RBPC companies are in business or have made successful exits, according to the Rice Alliance's website.

Last year, Texas A&M-based team FluxWorks took home $350,000 and won the competition based on judges scores. The company's technology includes magnetic gears that are four times quieter than standard with 99 percent efficiency.

Sygne Solutions and TierraClimate, two Rice-led teams, won second and fourth places, respectively. Zaymo, from Brigham Young University, took home the most in investment dollars. Click here to see the full list of 2023 teams.

Brad Burke has been named the 2023 Trailblazer Award recipient. Photo via alliance.rice.edu

Houston Innovation Awards names longtime Rice leader as 2023 Trailblazer

leading innovation

In less than a month, all of Houston's innovation community's movers and shakers will gather to celebrate the Houston Innovation Awards, and the night's first honoree has officially been named.

Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship, was selected to receive the 2023 Trailblazer Award. The award was established to recognize an individual who has already left a profound impact on Houston's business and innovation ecosystem and is dedicated to continuing to support Houston and its entrepreneurs.

The award, which is selected from a group of internal and external nominations, was decided by a vote of the 2023 awards judges, who represent Houston's business, investment, and entrepreneurial community across industries. Last year, Blair Garrou, managing director and founder of Houston-based venture capital firm Mercury, accepted the award, and the inaugural recipient in 2021 was Barbara Burger, former president of Chevron Technology Ventures.

Founded in 2000, the Rice Alliance has been led by Burke since its early days, and its impact had far exceeded the Rice University campus. The organization's cornerstone event, the Rice Business Plan Competition, attracts hundreds of student entrepreneurs, venture investors, and more to Houston every spring.

In a Q&A with InnovationMap, Burke discusses his passion for Houston and the impact he and the Rice Alliance have made on the city.

InnovationMap: From the Rice Business Plan Competition to the many venture days and other programing, how would you describe the Rice Alliance's impact — under your leadership for the past more than 20 years — on the Houston innovation ecosystem?

Brad Burke: From the earliest days of the Rice Alliance in 2000, our goal has been to create a community to support the launch of tech startups in Houston and bring together the resources to enable them to be successful, whether they need entrepreneurship education, mentoring, funding, legal support, opportunities for pilots, or connections. It’s been really important for us to bridge a connection between Rice University and the Houston ecosystem—so we’ve been intentional about driving our impact outside of the hedges and I always envision Rice to be a hub for entrepreneurial ecosystem and a pillar in the Houston community.

Through the Rice Business Plan Competition, our venture forums, accelerators, educational workshops, and other programs, we have coalesced hundreds, if not thousands, of investors, mentors, corporates, service providers, who collaborate with a shared goal of making Houston a leading region for entrepreneurship. The RBPC alone now has more than 350 investors and other judges and has resulted in the formation of several new investment groups including, Goose Capital, Owl Investment Group, and nCourage Entrepreneurs. We’ve also aimed to shine a light on Houston outside of the city. That’s why we’ve built global programs to bring entrepreneurs and investors here to see just how great we all know the Houston community to be. The growth of RBPC into the “world’s largest and richest student startup competition” is not just a result of the Rice Alliance, but it’s really a result of the Houston community members who have been dedicated with us for so long. We hope this is a point of pride and feels like a win for everyone in Houston, not just the Rice Alliance.

Based on our research we know that more than 3,165 startups have participated in our programs and raised more than $23 billion in funding.

IM: Rice University is an integral part of the Houston business and innovation community. Why are you and other university leaders committed to supporting entrepreneurship in Houston on and off the Rice campus?

BB: When you look across the country, in every leading region of entrepreneurship and venture capital, strong research universities played a major role as a catalyst for driving success, such as Stanford and Berkeley in Silicon Valley and MIT and Harvard in Boston. For Houston to succeed, it is important to Rice to play a similar leadership role. A key part of our mission is to help commercialize technologies developed by the incredibly talented faculty at Rice as well as other institutions in the region. But it is also to help entrepreneurs who may have no affiliation with Rice, as well as bring some of the most promising startups from other regions to Houston to meet with local investors and to encourage them to build their companies here. At the same time, we bring hundreds of investors to Houston each year from other parts of the U.S. and organize hundreds of one-on-one meetings with regional startups. By fostering and building the entrepreneurial ecosystem, we foster economic development and job creation in Houston, and can help ensure Houston remains the energy capital of the world and a global leader in healthcare and life sciences, building on the work of the Texas Medical Center.

IM: Looking back on your career so far, as well as to the future, what do you hope your legacy is?

Our philosophy has been to be supportive of and collaborative with every organization in Houston. We all share a common goal to make Houston a leading entrepreneurship region. In order to achieve this goal, it takes a collaborative effort. We have strived to serve as a role model in Houston to achieve this success. In everything we’ve built over the past 22 years at Rice Alliance, we’ve prioritized building relationships and collaborations, bringing people in, so that it’s not just the Rice Alliance’s success but Houston’s success and that when I think about legacy, that mindset and that approach is part of that.

As I look back, it feels like the trajectory of Houston’s entrepreneurial ecosystem has reached an inflection point over the past several years. As I meet with leaders from around the country, they are all familiar with the success of the Rice Business Plan Competition, and increasingly view Houston as a major player in energy innovation and the energy transition. I would hope that the Rice Alliance is viewed as one of the organizations that contributed substantially to this success and has played a key role as a catalyst in the ecosystem. I hope that the success of the Rice Alliance has spurred additional support for the ecosystem, such as Rice’s investment in the Ion and the Ion Innovation District.

But I hope the legacy will extend beyond Houston, as we were a co-founder of the Texas University Network for Innovation and Entrepreneurship (TUNIE), along with UT Dallas, in order to help every university in the state of Texas enhance its entrepreneurship program. And we are the headquarters for Global Consortium of Entrepreneurship Centers (GCEC) which brings together over 300 universities each year to network and share best practices. Both organizations reflect positively on Rice and the Houston ecosystem.

Most of all, I recognize that whatever we have accomplished has been due to the amazing team members that comprise the Rice Alliance. It is without a doubt the best group of people I have ever worked with in my career.

I’m proud of the relationships and collaborations we have formed at all levels: within our Rice Alliance team, with the RBPC and many judges and the formation of new investor groups, the formation of TUNIE and relationships with universities within Texas, and leadership of the GCEC, a collaboration of other universities across the U.S. and the world.

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Join InnovationMap and Houston Exponential in celebrating Brad Burke and the other honorees — who will be announced next week — at the November 8 event.

Mallard Bay, which won big at the Rice Business Plan Competition, is expanding in Houston. Photo via Getty Images

A Louisiana-born, Houston-backed outdoors activity startup is expanding into the Bayou City

growing in Hou

A Louisiana-founded hunting and fishing startup is growing its operations and expanding into Houston.

Mallard Bay, a marketplace for booking guided fishing and hunting trips, will move half of its employees to Houston and will join the Greater Houston Partnership, according to a release from the GHP. The company hopes the move will help it tap into the large corporate and convention entertainment market in Texas.

The company was founded in 2021 by a group of Louisiana State University students after noticing a gap in the outdoor travel space. Last year, founders Logan Meaux, Joel Moreau, Wyatt Mallett and Tam Nguyen entered in the Rice Business Plan Competition and won the fourth-most in investments and prizes, totaling $218,000.

“Entering the Rice Business Plan Competition helped close out our $1.8 million seed round last September,” Meaux, co-founder and CEO of Mallard Bay, says in a statement. “Not only did it help us raise money, but the recognition and the contacts we made were instrumental in growing the business and sparked the idea to expand to Houston. Prior to the competition, we were unaware of all that the Houston startup ecosystem had to offer, but quickly realized the value of having a network here in Houston.”

That same year the company also acquired Texas-based marketing firm, Bourbon Media. The company also recently launched GuideTech, which provides guides and charter services with tools like calendar management and payment solutions for back-office use, the Baton Rouge Business Report reported earlier this year.

According to the GHP, Mallard Bay now works with more than 300 outfitters, ranchers and charter captains. The company has seen more than 1,000 percent YOY growth over the last five months.

Houston-based technology services development company Softeq Venture Studio is a major investor in Mallard Bay. According to a statement from Billy Grandy, chief innovation officer at Softeq and Managing Partner of the Softeq Venture Fund, the company began working with Mallard Bay in 2022.

"The company has garnered significant interest since participating in The Softeq Venture Studio, our hands-on startup accelerator program and we are eager to see where this next chapter takes them," Grandy added in the statement.

Softeq announced its latest cohort for its accelerator program in May.

Houston is also home to outdoors and sporting equipment marketplace Everest. Founder and CEO Bill Voss spoke on the Houston Innovators Podcast about how Everest aims to disrupt the marketplace with its seller-friendly platform.

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Tesla recalling more than 375,000 vehicles due to power steering issue

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Tesla is recalling more than 375,000 vehicles due to a power steering issue.

The recall is for certain 2023 Model 3 and Model Y vehicles operating software prior to 2023.38.4, according to the National Highway Traffic Safety Administration.

The printed circuit board for the electronic power steering assist may become overstressed, causing a loss of power steering assist when the vehicle reaches a stop and then accelerates again, the agency said.

The loss of power could required more effort to control the car by drivers, particularly at low speeds, increasing the risk of a crash.

Tesla isn't aware of any crashes, injuries, or deaths related to the condition.

The electric vehicle maker headed by Elon Musk has released a free software update to address the issue.

Letters are expected to be sent to vehicle owners on March 25. Owners may contact Tesla customer service at 1-877-798-3752 or the NHTSA at 1-888-327-4236.

Houston space tech companies land $25 million from Texas commission

Out Of This World

Two Houston aerospace companies have collectively received $25 million in grants from the Texas Space Commission.

Starlab Space picked up a $15 million grant, and Intuitive Machines gained a $10 million grant, according to a Space Commission news release.

Starlab Space says the money will help it develop the Systems Integration Lab in Webster, which will feature two components — the main lab and a software verification facility. The integration lab will aid creation of Starlab’s commercial space station.

“To ensure the success of our future space missions, we are starting with state-of-the-art testing facilities that will include the closest approximation to the flight environment as possible and allow us to verify requirements and validate the design of the Starlab space station,” Starlab CEO Tim Kopra said in a news release.

Starlab’s grant comes on top of a $217.5 million award from NASA to help eventually transition activity from the soon-to-be-retired International Space Station to new commercial destinations.

Intuitive Machines is a space exploration, infrastructure and services company. Among its projects are a lunar lander designed to land on the moon and a lunar rover designed for astronauts to travel on the moon’s surface.

The grants come from the Space Commission’s Space Exploration and Aeronautics Research Fund, which recently awarded $47.7 million to Texas companies.

Other recipients were:

Cedar Park-based Firefly Aerospace, which received $8.2 million
Brownsville-based Space Exploration Technologies (SpaceX), which received $7.5 million
Van Horn-based Blue Origin, which received $7 million

Gwen Griffin, chair of the commission, says the grants “will support Texas companies as we grow commercial, military, and civil aerospace activity across the state.”

State lawmakers established the commission in 2023, along with the Texas Aerospace Research & Space Economy Consortium, to bolster the state’s space industry.

Houston experts: Can AI bridge the gap between tech ambitions and market realities?

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Despite successful IPOs from the likes of Ibotta, Reddit and OneStream, 2024 hasn’t provided the influx of capital-raising opportunities that many late-stage tech startups and venture capitalists (VCs) have been waiting for. Since highs last seen in 2021—when 90 tech companies went public—the IPO market has been effectively frozen, with just five tech IPOs between January and September 2024.

As a result, limited partners have not been able to replenish investments and redeploy capital. This shifting investment landscape has VCs and tech leaders feeling stuck in a holding pattern. Tech leaders are hesitant to enter the public markets because valuations are down 30 percent to 40 percent from 2021, which is also making late-stage fundraising more challenging. After all, longer IPO timelines mean fewer exit opportunities for VCs and reduced capital from institutional investors who are turning toward shorter-term investments with more liquid exit options.

Of course, there’s always an exception. And in the case of a slowed IPO market, a select slice of tech companies—AI-related companies—are far outperforming others. While not every tech startup has AI software or infrastructure as their core offering, most can benefit from using AI to revise their playbook and become more attractive to investors.

Unlocking Growth Potential with AI

While overall tech startup investment has slowed, the AI sector burns bright. This presents an opportunity for companies that strategically leverage AI, not just as a buzzword but as a tool for genuine growth and differentiation. Imagine a future where AI-powered insights unlock unprecedented efficiency, customer engagement and a paradigm shift in value creation. This isn’t just about weathering the current storm of reduced access to capital; it’s about emerging stronger, ready to lead the next wave of tech innovation.

Here's how to navigate the AI frontier and unlock its potential:

Understand that data is the foundation of AI success. AI is powerful, but it’s not magic. It thrives on high-quality, interconnected data. Before diving into AI initiatives, companies must assess their data health. Is it structured in a way that AI can understand? Does it go beyond raw numbers to capture context and meaning—like customer sentiment alongside sales figures? Rethinking data infrastructure is often the crucial first step.

Focus on amplifying strengths, not reinventing the wheel. The allure of AI can tempt companies into pursuing radical reinvention. However, a more effective strategy is to leverage AI to enhance existing strengths and address core customer needs. Why do customers choose your company? How can AI supercharge your value proposition? Consider Reddit’s strategic approach: They didn’t overhaul their platform before their 2024 IPO. Instead, they showcased the value of their vast online communities as fertile ground for AI development, leading to a remarkable first-day stock surge of 48 percent.
Use AI as a customer-centric force multiplier. Companies with a deep understanding of their customer base are primed for AI success. By integrating AI into the very core of their product or service—the reason customers choose them—they can create a decisive competitive advantage based on delivering tangible customer value.

From Incremental Gains to Transformative Growth

This practical, customer-centric approach has the potential to help companies generate immediate growth while laying the foundation for future reinvention. By leveraging AI to optimize operations, deepen customer relationships, and redefine industry paradigms, late-state tech startups can not only survive but thrive in a dynamic market. The future belongs to those who embrace AI not as a destination but as a continuous journey of innovation and growth.