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Saturday, March 01, 2008

Rice and CMU - Two B-Plans / One Team

Just heard from Rice University, Texas that Zeopane, our company has been accepted into their business plan competition. We are really excited about it. This seems to be a great week. Here's an excerpt from their mail.

"Congratulations! ZEOPANE Microneedles has been invited to compete in the 2008 Rice University Business Plan Competition! This year we have had a tremendous response, receiving over 280 intents from graduate programs across the world.

As one of only 36 teams selected, you will be able to compete with teams from top programs for a Grand Prize package of over $225,000; a total of 52 cash prizes will be awarded raising the competition total to over $600,000.

In addition, you will have the unmatched opportunity to meet and network with over 160 venture capital principals, early stage investors, and successful entrepreneurs who will serve as judges for the competition. Winners from previous years were offered additional seed funding from these judge/investors."

The only thing that we are not too happy about is the school insisting on us having to split our teams instead of allowing us to go for both. Hard decisions to follow. Will keep you, the readers posted.