HOUSTON – (April 11, 2022) – LIDROTEC, a scholar startup from RWTH Aachen College in Germany that aims to enhance manufacturing in the semiconductor industry, took home the grand prize at the 2022 Rice Business Approach Levels of competition (RBPC).
Amid semiconductor shortages around the world, LIDROTEC states its engineering can eradicate substance waste in the chopping approach through production, both saving dollars and rising efficiency.
The RBPC, hosted annually by the Rice Alliance for Technologies and Entrepreneurship and Rice University’s Jones Graduate Faculty of Business, is the world’s greatest and richest college student startup competition. This year’s edition saw 42 startups competing for much more than $2 million in prizes.
The winners have been introduced at the summary of the 3-day pitching, mentoring and networking event which involved an Elevator Pitch Competitors, Practice Round, Semi-Finals, Wildcard and Closing Spherical. Powerful improvements presented by this year’s teams led sponsor providers to add a selection of income prizes at the previous moment.
The 42 startups represented 34 universities from 4 nations around the world, with 11 universities represented by two diverse teams. They have been picked from much more than 400 candidates to contend in a single of five classes: power, thoroughly clean tech and sustainability everyday living sciences and wellbeing treatment answers client items and solutions hard tech and digital business.
The RBPC’s additional than 250 judges act as — and most are — early-stage buyers assessing the startups’ opportunity. Groups pitch their companies to investors, business owners, corporate executives and ecosystem partners through the celebration, then community and acquire real-time opinions, tips and mentorship.
Considerable prizes this calendar year and the teams that gained them involve:
* $350,000 GOOSE Capital Investment decision Grand Prize — LIDROTEC, RWTH Aachen.
* $155,000 The OWL Expenditure Prize — Hoth Intelligence, University of Pittsburgh.
* $65,000 The OWL Financial investment Prize — Mallard Bay Outside, Louisiana Condition University.
* $50,000 The OWL Financial investment Prize — TransCrypts, College of Toronto and Harvard University.
* $250,000 TMC Innovation Healthcare Expense Prize — LymphaSense, Johns Hopkins College.
* $125,000 Softeq Undertaking Studio Prizes (two prizes) — Mallard Bay Outdoors, Louisiana Condition University LIDROTEC, RWTH Aachen University.
* $100,000 Jon Finger and Finger Passions, David Anderson and the Anderson Loved ones Fund, Greg Novak and Tracy Druce 2nd-Spot Expenditure Prize — Hoth Intelligence, University of Pittsburgh.
* $50,000 Jon Finger and Finger Interests, David Anderson and the Anderson Spouse and children Fund, Greg Novak and Tracy Druce 3rd-Spot Investment decision Prize — Invitris, Specialized College of Munich.
* $100,000 Houston Angel Network Expenditure Prize — Hoth Intelligence, University of Pittsburgh.
* $100,000 TiE Houston Angel Team Expense Prize — LIDROTEC, RWTH Aachen University.
* $50,000 RBPC Alumnus, Thomas Healy, Expense Prize — LIDROTEC, RWTH Aachen College.
* $25,000 RBPC Alumnus, Thomas Healy, Investment decision Prize — Mallard Bay Outdoor, Louisiana State College.
* $10,000 RBPC Alumnus, Thomas Healy, Financial investment Prize — Daring Transfer Beverages, University of Texas at Austin.
* $40,000 nCourage Financial investment Group’s Brave Women of all ages Business owners Expense Prize — Invitris, Technological College of Munich.
* $10,000 nCourage Expense Group’s Courageous Ladies Entrepreneurs Expenditure Prize — Pareto, Stanford College.
* $25,000 Southwest Countrywide Pediatric Unit Prizes (two prizes) — Advanced Optronics, Carnegie Mellon College EpiSLS, College of Michigan.
* $25,000 Urban Capital Network Expense Prize — Woobie, Brigham Youthful College.
* $25,000 IN2 Electricity, Cleantech and Sustainability Prize — EpiFresh, Rice College.
* $25,000 Pearland Economic Improvement Corporation Spirit of Entrepreneurship Prize — Hoth Intelligence, College of Pittsburgh.
* $25,000 New Local weather Ventures Financial investment Prize — Mantel, Massachusetts Institute of Engineering.
* $20,000 OFW Regulation Fda Regulatory Tactic In-Variety Prize — Superior Optronics, Carnegie Mellon University.
* $5,000 Eagle Buyers Prize — LIDROTEC, RWTH Aachen University.
* $3,000 Nixon Institute Prize — LymphaSense, Johns Hopkins University.
* $3,000 DK Innovation Electrical power Prize — Mantel, Massachusetts Institute of Technological innovation.
* $1,000 Mercury Elevator Pitch Levels of competition Prize — EpiFresh, Rice University
The seven finalists based on the judges’ over-all scores were:
LIDROTEC, RWTH Aachen University — grand prize and unique prizes worth a whole of $682,200.
Hoth Intelligence, University of Pittsburgh — 2nd put and a complete of $386,700 in prizes.
Hoth Intelligence’s software program takes advantage of augmented reality to let wellness treatment companies see “through” and “into” clients to manual treatments and reduce error.
Invitris, Technological College of Munich — third area and a whole of $97,200 in prizes.
Invitris leverages synthetic biology to generate novel therapeutics to take care of antibiotic-resistant bacterial infections.
LymphaSense, Johns Hopkins University — fourth location and $258,000 in prizes, including the $5,000 Norton Rose Fulbright Fourth-Area Dollars Prize.
LymphaSense’s wearable screening machine is revolutionizing the way breast most cancers people are monitored for symptoms of lymphedema adhering to cure.
INIA Biosciences, Boston College — fifth put and the $5,000 EY Fifth-Spot Funds Prize.
INIA Biosciences is developing a noninvasive, household-administered bioelectronic device to present treatment method subsequent a kidney transplant.
Daring Go Beverages, University of Texas at Austin — sixth location and $15,000 in prizes, which include the $5,000 Chevron Technology Ventures Sixth-Location Money Prize.
Daring Transfer Beverages is an early-stage alcoholic beverages manufacturer that combines coffee and whiskey to generate Cold Brooze in two flavors.
Anise Overall health, Harvard College — seventh area and $7,000 in prizes, which include the $5,000 Shell Ventures Seventh-Position Funds Prize and Edward H. Molter Memorial Wildcard Prize from Egan Nelson.
Anise Health and fitness is a digital system giving culturally adapted mental wellness care to racial and ethnic minorities, starting up with Asian Americans.
All opponents also acquired:
- Entrepreneur Futures Community (EFN) mentoring: EFN mentors presented pre-competition mentoring and information to every of the teams on subject areas these kinds of as refining a company program, refining money versions and increasing presentation techniques.
- Amazon Website Providers: Assistance credits for each and every of the 42 startup teams for two years.
- Palo Alto Computer software: Access to Reside Approach presentation and assessment computer software
- Allianse: 3-thirty day period trial to investors and cash system
For much more data about the 2022 Rice Organization Approach Competitors, visit rbpc.rice.edu.