HOUSTON – (April 11, 2022) – LIDROTEC, a college student startup from RWTH Aachen College in Germany that aims to enhance production in the semiconductor industry, took household the grand prize at the 2022 Rice Small business Prepare Opposition (RBPC).
Amid semiconductor shortages throughout the world, LIDROTEC says its technological know-how can remove substance waste in the slicing approach throughout production, equally saving dollars and growing productiveness.
The RBPC, hosted yearly by the Rice Alliance for Technologies and Entrepreneurship and Rice University’s Jones Graduate School of Business, is the world’s largest and richest student startup competition. This year’s version saw 42 startups competing for far more than $2 million in prizes.
The winners were declared at the summary of the three-working day pitching, mentoring and networking event which incorporated an Elevator Pitch Opposition, Observe Spherical, Semi-Finals, Wildcard and Final Spherical. Persuasive improvements presented by this year’s teams led sponsor companies to increase a selection of dollars prizes at the past moment.
The 42 startups represented 34 universities from 4 international locations, with 11 universities represented by two different teams. They had been decided on from extra than 400 candidates to contend in 1 of 5 types: electricity, thoroughly clean tech and sustainability existence sciences and health and fitness treatment methods purchaser items and companies challenging tech and digital company.
The RBPC’s more than 250 judges act as — and most are — early-phase traders assessing the startups’ prospective. Teams pitch their corporations to traders, business people, company executives and ecosystem associates all through the occasion, then network and receive true-time opinions, information and mentorship.
Important prizes this year and the groups that won them include things like:
* $350,000 GOOSE Funds Investment decision Grand Prize — LIDROTEC, RWTH Aachen.
* $155,000 The OWL Expense Prize — Hoth Intelligence, College of Pittsburgh.
* $65,000 The OWL Investment Prize — Mallard Bay Outdoor, Louisiana State University.
* $50,000 The OWL Investment decision Prize — TransCrypts, College of Toronto and Harvard University.
* $250,000 TMC Innovation Healthcare Financial investment Prize — LymphaSense, Johns Hopkins College.
* $125,000 Softeq Undertaking Studio Prizes (two prizes) — Mallard Bay Outdoors, Louisiana State College LIDROTEC, RWTH Aachen College.
* $100,000 Jon Finger and Finger Passions, David Anderson and the Anderson Loved ones Fund, Greg Novak and Tracy Druce Next-Location Investment Prize — Hoth Intelligence, University of Pittsburgh.
* $50,000 Jon Finger and Finger Passions, David Anderson and the Anderson Relatives Fund, Greg Novak and Tracy Druce 3rd-Position Investment Prize — Invitris, Technological University of Munich.
* $100,000 Houston Angel Community Financial commitment Prize — Hoth Intelligence, University of Pittsburgh.
* $100,000 TiE Houston Angel Team Financial investment Prize — LIDROTEC, RWTH Aachen University.
* $50,000 RBPC Alumnus, Thomas Healy, Expense Prize — LIDROTEC, RWTH Aachen University.
* $25,000 RBPC Alumnus, Thomas Healy, Investment Prize — Mallard Bay Outdoor, Louisiana Point out University.
* $10,000 RBPC Alumnus, Thomas Healy, Investment Prize — Daring Transfer Beverages, University of Texas at Austin.
* $40,000 nCourage Investment Group’s Courageous Girls Entrepreneurs Financial investment Prize — Invitris, Technological University of Munich.
* $10,000 nCourage Expense Group’s Brave Women Business people Expenditure Prize — Pareto, Stanford University.
* $25,000 Southwest National Pediatric Product Prizes (two prizes) — Superior Optronics, Carnegie Mellon College EpiSLS, University of Michigan.
* $25,000 Urban Funds Network Financial commitment Prize — Woobie, Brigham Younger College.
* $25,000 IN2 Electricity, Cleantech and Sustainability Prize — EpiFresh, Rice University.
* $25,000 Pearland Economic Progress Corporation Spirit of Entrepreneurship Prize — Hoth Intelligence, University of Pittsburgh.
* $25,000 New Local climate Ventures Expenditure Prize — Mantel, Massachusetts Institute of Technological innovation.
* $20,000 OFW Regulation Food and drug administration Regulatory Method In-Sort Prize — State-of-the-art Optronics, Carnegie Mellon College.
* $5,000 Eagle Investors Prize — LIDROTEC, RWTH Aachen University.
* $3,000 Nixon Institute Prize — LymphaSense, Johns Hopkins College.
* $3,000 DK Innovation Power Prize — Mantel, Massachusetts Institute of Technologies.
* $1,000 Mercury Elevator Pitch Competitors Prize — EpiFresh, Rice University
The seven finalists primarily based on the judges’ all round scores were being:
LIDROTEC, RWTH Aachen College — grand prize and specific prizes well worth a full of $682,200.
Hoth Intelligence, University of Pittsburgh — 2nd area and a total of $386,700 in prizes.
Hoth Intelligence’s application uses augmented truth to allow overall health care companies see “through” and “into” clients to guide techniques and decrease error.
Invitris, Specialized University of Munich — third area and a overall of $97,200 in prizes.
Invitris leverages synthetic biology to build novel therapeutics to deal with antibiotic-resistant bacterial bacterial infections.
LymphaSense, Johns Hopkins University — fourth put and $258,000 in prizes, which include the $5,000 Norton Rose Fulbright Fourth-Put Hard cash Prize.
LymphaSense’s wearable screening unit is revolutionizing the way breast cancer clients are monitored for indicators of lymphedema following treatment.
INIA Biosciences, Boston University — fifth put and the $5,000 EY Fifth-Spot Cash Prize.
INIA Biosciences is producing a noninvasive, household-administered bioelectronic device to offer therapy following a kidney transplant.
Daring Move Beverages, University of Texas at Austin — sixth put and $15,000 in prizes, such as the $5,000 Chevron Technology Ventures Sixth-Area Money Prize.
Bold Go Drinks is an early-stage alcohol brand that brings together espresso and whiskey to develop Cold Brooze in two flavors.
Anise Well being, Harvard College — seventh location and $7,000 in prizes, such as the $5,000 Shell Ventures Seventh-Location Income Prize and Edward H. Molter Memorial Wildcard Prize from Egan Nelson.
Anise Wellbeing is a digital platform featuring culturally tailored mental wellness care to racial and ethnic minorities, starting off with Asian People in america.
All competition also acquired:
- Entrepreneur Futures Community (EFN) mentoring: EFN mentors available pre-competitiveness mentoring and information to each and every of the teams on topics this sort of as refining a enterprise plan, refining monetary designs and improving presentation techniques.
- Amazon World-wide-web Companies: Support credits for every single of the 42 startup groups for two several years.
- Palo Alto Software program: Access to Reside Plan presentation and analysis program
- Allianse: 3-month trial to buyers and funds platform
For additional information and facts about the 2022 Rice Company Approach Competitiveness, stop by rbpc.rice.edu.