cycleWood Solutions, LLC won the elevator pitch (they are undefeated in this category), won the agricultural award, and took first place. To learn more, read Nhiem's blog.
Our other team, TiFiber, LLC placed second.
Both teams will advance to the tri-state competition in Las Vegas in May. The top two finishers from Arkansas, Oklahoma, and Nevada will face off to determine the regional winner.
cycleWood Solutions, LLC and TiFiber, LLC competed earlier this week at the Rice University Business plan competition.
cycleWood Solutions won fourth place taking home $9,000 with prizes from Murphree Venture Partners, $2500 Best Sales and Marketing Award from ContentActive / Houston Business Journal and Austin Ventures best elevator pitch for $1000. cycleWood is developing a lignin-based plastic, XyloBag, which functions like a regular plastic bag but decomposes within 150 days of exposure to bacteria found in natural environments.
TiFiber took home sixth place overall for $18,500 with $3000 from Fulbright & Jaworski as well as the $15,000 Robert A. & Virginia Heinlein Trust Prize. TiFiber holds an exclusive license to prepare Titanium Dioxide (TiO2) into nano-fibers for use in filtration systems, aerospace, thermoplastics, textiles, and medical applications.
These two teams beat teams from Carnegie Mellon, University of Michigan, Johns Hopkins, BYU, University of Chicago, Georgia Institute of Technology, London Business School, and the list goes on. For more information, visit:
http://www.alliance.rice.edu/alliance/NewsBot.asp?MODE=VIEW&ID=128.
The Walton College truly dominates the field of business plan competitions.
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