Aurora Biofuels Team Wins Intel, Berkeley Tech Challenge.Student Entrepreneurs Win Coveted cov·et v. cov·et·ed, cov·et·ing, cov·ets v.tr. 1. To feel blameworthy desire for (that which is another's). See Synonyms at envy. 2. To wish for longingly. See Synonyms at desire. Award: Funding and Access to VC Experts BERKELEY, Calif. -- Aurora Biofuels, a Berkeley-based team whose technology promises to make bio-diesel a mainstream energy source, won the second global Intel+UC Berkeley Technology Entrepreneurship Challenge on Thursday, October 26 at the UC Berkeley campus. The global business plan competition invited entrepreneurial teams from 19 Arab, Chinese, Indian, Mexican, Russian, Singaporean, and US universities. The competition sponsored by Intel and hosted by the Lester Center for Entrepreneurship & Innovation at UC Berkeley is designed to promote the unique combination of technical innovation and entrepreneurial skills at higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. institutions around the globe. The Challenge brings together the best research institutions around the world in partnership with regional business plan competitions to find teams and technologies with the potential for positive global impact. Aurora Biofuels won the Intel Foundation's grand prize of $25,000 for presenting technology which confronts consumer demand for green energy. Biodiesel is gaining acceptance as a practical alternative to petroleum-based fuels, as it can be distributed via existing infrastructure and can be used in unmodified diesel engines. Intel Foundation with UC Berkeley awarded a second place prize of $10,000 to Richcore Lifesciences, from Bangalore, India. The company has developed a proprietary technology which imparts hygroscopic hygroscopic /hy·gro·scop·ic/ (hi?gro-skop´ik) readily absorbing moisture. hy·gro·scop·ic adj. Readily absorbing moisture, as from the atmosphere. properties to ordinary paper, enabling it to absorb moisture from the atmosphere and remain moist perpetually. Chilight from Peking University Peking University: see Beijing University. Peking University or Beijing University One of the oldest and most important institutions of higher education in China. , China and Watel Solutions from Arizona State University Arizona State University, at Tempe; coeducational; opened 1886 as a normal school, became 1925 Tempe State Teachers College, renamed 1945 Arizona State College at Tempe. Its present name was adopted in 1958. were awarded the third place prize of $5,000. Chilight developed a next-generation lighting source in the form of energy saving LED chips while Watel Solutions created a unit that produces potable potable /pot·a·ble/ (po´tah-b'l) fit to drink. po·ta·ble adj. Fit to drink; drinkable. potable fit to drink. water by condensing con·dense v. con·densed, con·dens·ing, con·dens·es v.tr. 1. To reduce the volume or compass of. 2. To make more concise; abridge or shorten. 3. Physics a. humidity from the air. The Humanitarian Prize went to Gravitonus, a medical device company that developed an Alternative Computer Control System (ACCS ACCS Air Command and Control System (NATO) ACCS Advanced Cisco Campus Switching ACCS Association of Copyright for Computer Software ACCS Air Command & Control System ACCS Airborne Command & Control Squadron ) that helps paralyzed par·a·lyze tr.v. par·a·lyzed, par·a·lyz·ing, par·a·lyz·es 1. To affect with paralysis; cause to be paralytic. 2. To make unable to move or act: paralyzed by fear. individuals resume active lives. The People's Choice Prize of $5,000, decided by audience members at the forum's concluding ceremonies, was awarded to Watel Solutions, with their innovative idea to provide fresh drinking water drinking water supply of water available to animals for drinking supplied via nipples, in troughs, dams, ponds and larger natural water sources; an insufficient supply leads to dehydration; it can be the source of infection, e.g. leptospirosis, salmonellosis, or of poisoning, e.g. to those in rural areas with few resources. "Intel and Intel Capital seek to foster technology innovation and create an atmosphere where the entrepreneurial spirit can thrive," said Arvind Sodhani, president of Intel Capital, Intel's venture capital organization. "We are impressed by the level of dedication and sophistication so·phis·ti·cate v. so·phis·ti·cat·ed, so·phis·ti·cat·ing, so·phis·ti·cates v.tr. 1. To cause to become less natural, especially to make less naive and more worldly. 2. demonstrated by this year's teams. Education should foster an entrepreneurial culture that encourages a wealth of visionary ideas." "This event gathers the sharpest entrepreneurs from around the world; it's very stiff competition," said Jerome Engel, executive director of the Lester Center for Entrepreneurship & Innovation. "We are thrilled that Intel has recognized this unique setting -- the Haas School and its Lester Center -- which works to promote global innovation in both technology and business." The 19 finalist teams in the challenge were selected as the best technology-based ventures that emerged from 10 affiliated business plan competitions around the world: the UC Berkeley Business Plan Competition; the Business Innovation Technology competition, a collaboration of six Russian universities; Tec de Monterrey's Premio Intel competition in Mexico; National University of Singapore's Start-Up@Singapore Enterprise Launcher; India Learning Links Foundation; China College Technology Entrepreneurship Competition; Brazil 1st GV-Intel Challenge of Entrepreneurship; NOVATECH Com (covering Poland, Czech Republic, Hungary, Romania, Bulgaria, Turkey), Pan Arab University Technology Biz Plan Competition and Arizona State University's Technology Entrepreneurship Challenge. The finalist teams presented their technologies and business plans to a panel of judges Panel of Judges is an indie pop band from Melbourne, Australia. Members
5AM Ventures Menlo Park, CA; Waltham, MA 2002 John Diekman, PhD (managing partner), Scott Rocklage, PhD (managing partner), Andrew Schwab (managing partner) life sciences $200M [1] with global reach - Intel Capital, Partech International, Newbury Ventures, Capital Valley Ventures and Alloy Ventures. In addition to cash prizes and experience in a global competition, this access to potential funders is a major reward for participating teams. The winning team, Aurora Biofuels, consisted of CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. Matt Caspari, Vice President of Engineering and a recent Haas School graduate, Guido Radaelli; Vice President of Research and Development Bert Vick, also a Ph.D. student in molecular and cell biology; and CFO/COO David Hansmann. For more information, visit the web site at www.entrepreneurshipchallenge.org/. About Intel Programs Through its global education initiative Intel works to inspire and educate students in communities around the world in the areas of science, mathematics and engineering. As part of this initiative, Intel's Higher Education Program is a worldwide effort focused on advancing technology innovation and developing a diverse pipeline of technical talent. For more information, visit www.intel.com/education. Intel Capital, Intel's venture capital organization, makes equity investments in innovative technology start-ups and companies worldwide. Additional information is available at www.intelcapital.com Intel, the world leader in silicon innovation, develops technologies, products and initiatives to continually advance how people work and live. Additional information about Intel is available at www.intel.com/pressroom. About the Haas School of Business The Haas School of Business at the University of California, Berkeley The University of California, Berkeley is a public research university located in Berkeley, California, United States. Commonly referred to as UC Berkeley, Berkeley and Cal , is one of the leading producers of new ideas and knowledge in all areas of business and is also influenced by its proximity to Silicon Valley. In 1970 Haas became one of the first business schools to teach entrepreneurship. In 1991 it established The Lester Center for Entrepreneurship and Innovation to foster academic programs, community outreach and campus wide collaboration in new venture creation, entrepreneurship and venture capital. This emphasis on entrepreneurship, coupled with the Haas School's commitment to the social and environmental ramifications ramifications npl → Auswirkungen pl of business, which date back to its founding in 1898, creates a unique learning environment that gave birth to the National Social Venture Competition in 1999. The Lester Center has fostered the creation and development of the competition since its inception, and provides on-going support and guidance as part of its core mission to enhance entrepreneurship at the University and in the business community. http://entrepreneurship.berkeley.edu/ |
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