DOCSLIB.ORG

Success Stories

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Success Stories Success Stories An Update on Past Competitors, 2001-2015 From The World’s Richest and Largest Business Plan Competition 1 RICE BUSINESS PLAN COMPETITION TEAMS HAVE RAISED OVER $1.8 BILLION IN CAPITAL & EXIT DOLLARS Funding Increased by $233M+ in the Last Year Alone $1,438+ $1,204 $781 $600 $450 $337 $223 $90 $145 2008 2009 2010 2011 2012 2013 2014 2015 2016 Total Funds Raised to Date in Millions 181 Successful Startups 181 154 128 108 96 77 59 35 43 26 12 20 2 5 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 CummulaYve Number of Successful Companies by RBPC Year Capital Funding Raised: • 3 companies have each raised $100+ million; all three are still in business. • 27 companies have raised $10+ million. 25 (93%) are in business or have successFully exited. • 105 businesses have raised $1+ million. 90 (86%) are successFul. Of the 521 Teams Competing Since the RBPC’s Inception in 2001: • 311 (60%) have launched. • 163 (31%) are still in business. • 181 (35%) are still in business or have exited successFully. 2 RBPC TEAMS HAVE RAISED $1.4+ BILLION IN CAPITAL FUNDING, $233+ MILLION, LAST YEAR ALONE Percentage of Successful Businesses by Industry Social Impact Consumer 5% 2% Other Tech Life Science 13% 27% Energy/ IT Cleantech 27% 26% Percentage of Capital Funding by Industry Social Impact Consumer 1% 0% Other Tech 11% Life Science 28% Energy/ Cleantech 34% IT 26% Of the 42 Teams Competing in 2014: • 27 (64%) have launched. • Collectively, the teams have raised $10+ million. • 16 teams each raised $100+ thousand in the past 12 months. The 88 Teams Competing in the RBPC Final Rounds: • Have raised $552+ million (38%) oF the total capital Funding. • Have a 53% success rate. 47 are still in business or made successFul exits. 1 18 RBPC COMPETITORS HAVE EXITED SUCCESSFULLY, WITH AN ESTIMATED MARKET VALUATION OF OVER $386 MILLION As the Rice Business Plan Competition grows and matures over the years, so too have the companies that participate. a growing number oF RBPC alumni companies are making successFul exits. In the Past 9 Months: BetaGlide Indian Institute of Technology, Kharagpur, India | 2014 Competitor | http://retention.ai In October 2015, BetaGlide was acquired by Inshorts, creator oF a content distribution app. The acquisition amount was not disclosed. Novira Therapeutics Inc. Formerly Molecmo Nanobiotechnologies | Harvard University | 2007 Competitor | www.noviratherapeutics.com Novira Therapeutics was acquired by Johnson & Johnson in December 2015. Johnson & Johnson is ranked number 37 on the FORTUNE 500 and is one oF the Fastest growing oF big pharma companies. SmarterShade Inc. University of Notre Dame | 2011 Competitor | http://vgsmartglass.com In July 2015, SmarterShade’s key human resources and assets were acquired by VG SmartGlass. VG SmartGlass was Founded in 2014 as an entity speciFically to commercialize the technology From SmarterShade Inc. 15 Previous Exits: Auditude – 2005 RBPC Winner Acquired by Adobe Systems in 2011 | University oF CaliFornia, Los Angeles | Finished 1st in the 2005 RBPC ATDynamics – 2006 RBPC Winner Formerly Advanced Transit Enterprises | Dartmouth College | 2006 Competitor In February 2015, aTDynamics was acquired by Longview, Texas-based Stemco, maker of commercial vehicle wheel end, braking and suspension components. Stemco is a subsidiary oF EnPro Industries, Inc. EnPro is a leader in products For use in critical applications by industries worldwide. 2 Avanti Metal Company Acquired | Harvard Kennedy School | Finished 7th in the 2006 RBPC BlackLocus Acquired by The Home Depot in 2012| Carnegie Mellon University | 2011 Competitor CamGaN Acquired by Plessey Semiconductors in 2012 | University oF Cambridge | 2011 Competitor ClearCount Medical Solutions -- 2004 RBPC Winner Acquired in 2014 | Carnegie Mellon University | Grand Prize Winner of the 2004 RBPC EcoLight Sold in July 2013| Dartmouth College | 2012 Competitor Incept BioSystems Acquired by ORIGIO (now CooperSurgical) in 2011 | University oF Michigan | Finished 3rd in the 2005 RBPC Lumedyne Technologies Incorporated Acquired in 2015 | San Diego State University | 2007 Competitor Power2Switch Acquired by Choose Energy in 2013 | University oF Chicago | 2010 Competitor PrepMe Corporation Acquired by ascend Learning in 2011 & Naviance in 2012 | StanFord University | 2005 Competitor SCAN Acquired by Snapchat in 2014 | Brigham Young University | 2011 Competitor Semprus BioSciences Acquired by TeleFlex in 2012 | Massachusetts Institute oF Technology | Finished 2nd in the 2007 RBPC Taxcient Merged with alavara in 2010 | San Diego State University | Finished 5th in the 2004 RBPC WiPower, Inc. Acquired by Qualcomm in 2010 | Massachusetts Institute oF Technology | 2007 Competitor 1 RBPC Success Stories 6S Medical LLC The University of Utah | 2015 Competitor 6S is designing and developing a surgical tool to close intra-abdominal defects caused during laparoscopic procedures. Their device will improve accuracy, increase safety and be more cost effective than the current standard of care. The company recently filed a U.S. utility patent. They are headquartered in Sandy, Utah. A-76 Technologies Rice University | 2014 Competitor | www.a76tech.com A-76 Technologies is a preservation coatings and lubricants manufacturing company, providing anti- corrosion solutions to a wide range of industries, including oil and gas, maritime, transportation and household applications. They developed a multipurpose product that acts as a preservation coating and lubricant and prevents corrosion in aggressive high salinity, high humidity environments on a wide range of metal surfaces including noble metals, nickel, copper, aluminum, magnesium and all grades of oil field steel. The company currently offers three product lines. A-76 Super is a preservation coating and lubricant that provides corrosion prevention protection for unpainted metal surfaces and is ideal for oilfield, maritime, firearms and mechanical applications. Their second product, A-76 Green has 0 percent VOC emission and no volatile solvents, perfect for application in enclosed environments. Their third product is A-76 Electronics, an anti-corrosion coating specifically designed for electronics applications such as circuit boards and interconnects where less lubrication is desired. Cofounder Lauren Thompson was recognized on Forbes 2015 “30 Under 30” list in energy. The second place winners at the 2014 RBPC raised a Series A round of funding and were featured in numerous local and national publications, including the Houston Business Journal, Fortune and Forbes. A-76 is headquartered in Houston. Acera Surgical Inc. Washington University in St. Louis | 2014 Competitor | www.acerasurgical.com Acera Surgical Inc. is a medical device company producing a first-in-class line of implantable electrospun surgical materials and related tools and accessories. The company has designed Cerafix™ a surgical mesh engineered for use in the neurosurgical repair of dural defects. The team is working on additional mesh products for both hernia and orthopedic surgery. Headquartered in St. Louis, Mo., Acera Surgical presented at the 2015 TeXas Lifescience Venture Forum at Rice University. 1 2 RBPC Success Stories Adhesys Medical Formerly Medical Adhesive Revolution GmbH | RWTH Aachen University, Germany | 2014 Competitor | www.adhesys-medical.com Adhesys Medical seeks to change the game of wound closure, developing one-of-its kind polyurethane- based surgical adhesives. The technology is unique as it combines ease of use, strength, fleXibility and biodegradability, allowing for wound-closure on and in the body within seconds. It is the team’s vision to bring their wound sealants into every emergency room, operating room, and soldier’s medical pack, to save lives, radically enhance surgical procedures and improve patient comfort. Residents of the TMCX Accelerator at the TeXas Medical Center, the company recently completed their human study for their topical product and finalized their commercial supply chain. They are planning to apply for their CE permit summer of 2016. Now based in Houston, Adhesys Medical won the Rice Business Plan Competition in 2014. Advano Tulane University | 2015 Competitor | www.advanotech.com Founded in 2014, Advano is a nanoparticle manufacturing and processing company that will disrupt the way nanoparticles are currently made. The startup features an innovative four-in-one step nanoparticle manufacturing process that is rapid, simple, efficient and highly scalable. Their process produces high quality, functionalized nanoparticles that are more affordably made than those at the current market price. Advano is currently developing silicon nanoparticle dispersions for global material manufacturers and battery anode manufacturers. They achieved pilot-scale (kilogram/hour) production with the ability to scale directly to commercial scale (ton/hour) production. Recently restructured into a C-corp, the company raised funds through both grants and angel investors. They are based in Metairie, La. Afthon Formerly Detonation Dynamics | The University of Texas at Arlington | 2014 Competitor | www.afthon.com Afthon aims to solve the problem of lack of access to grid-electricity across the developing world by providing consumers with a heat and power generator that is twice as efficient and at least five times as affordable as any competing product currently available. Their on-grid customers can slash energy bills by up to 25 percent, while their off-grid customers will have a sustainable
Load more

Recommended publications
  • Research & Policy Brief
    Instute for Research on Labor and Employment Research & Policy Brief Number 14– April 2013 Business Incubators in Metropolitan Los Angeles: Job The UCLA Instute for Research on Labor and Employment supports Creators or Boondoggles? faculty and graduate student re‐ search on employment and labor Taner Osman, Department of Urban Planning, UCLA topics in a variety of academic disci‐ plines. Introducon Business incubators are a widely used economic development policy tool The Instute also sponsors colloquia, which aim to nurture and support the development of small, oen high‐technology conferences and other public pro‐ oriented firms within local economies. In a short period of me, business incuba‐ gramming, is home to the undergrad‐ tors have become a very popular mechanism aimed at engendering economic uate minor in Labor and Workplace growth in local economies, not only in the US, but also around the world. In 1980, Studies at UCLA, and carries out there were only 12 business incubators in the US; by 2006, this number had grown educaonal outreach on workplace to more than 1,000 (Qian et al. 2011). In this paper, we detail the emergence of issues to constuencies outside the business incubators in the US and outline the raonale underlying the wholesale university. arrival of incubators as an economic development policy tool. We then provide a descripve account of business incubators in Metropolitan Los Angeles, which out‐ lines where within the region incubators are located, what goals they seek to The views expressed in this paper are achieve, what services they provide, and what industries they target. Finally, we not the views of The Regents of the draw from a number of studies to examine the impact of business incubators, to University of California or any of its determine how successful they are as an economic development policy tool.
    [Show full text]
  • VIRTUAL CLIMATE CHANGE (The Other Crisis)
    CLIMATE CHANGE (The Other Crisis) Achieving Our Climate Goals and Advancing A Sustainable Economic Recovery Monday VIRTUAL September 21, 2020 14th Annual 3:30pm – 6:15pm Sustainability Summit www.labusinesscouncil.org 2029 Century Park East Suite 4380 Tuesday labcinstitute.org Los Angeles, CA 90067 September 22, 2020 310.226.7460 8:30am – 4:00pm The LABC VIRTUAL 2020 Sustainability Summit (The Other Crisis): Achieving Our Climate Goals and 2-DAY SUSTAINABILITY SUMMIT PROGRAM Advancing A Sustainable Economic Recovery Tuesday, September 22nd 7:30 AM – 4:00 PM Continued 2-DAY SUSTAINABILITY SUMMIT PROGRAM 10:15 A.M. BREAK 10:25 - 10:30 A.M. INTRODUCTION Mary Leslie, President, Los Angeles Business Council Monday, September 21st 3:30 – 6:15 PM 10:30 - 11:00 A.M. FIRESIDE CHAT EDUCATING THE FUTURE WORKFORCE TO ACHIEVE A SUSTAINABLE, EQUITABLE REGION MODERATOR Dr. Daniel A. Mazmanian, Chair, Presidential Working Group on Sustainability & Professor of Public Policy, USC Monday, September 21st – Sustainability Summit Kickoff and VIP & Awards Reception PANELISTS Dr. Carol L. Folt, President, University of Southern California 3:30 - 3:35 P.M. LABC Nadine Watt, Chair, Los Angeles Business Council The Honorable Eric Garcetti, Mayor, City of Los Angeles 3:35 - 3:40 P.M. USC WELCOME Dana Goldman, Interim Dean, USC Sol Price School of Public Policy and Leonard D. Schaeffer Director's 11:00 - 11:05 A.M. INTRODUCTION Nadine Watt, Chair, Los Angeles Business Council Chair, USC Schaeffer Center 11:05 - 11:20 A.M. BUSINESS LEADER KEYNOTE Emile Haddad, Chairman & CEO, FivePoint INTRO OF SPOTLIGHTS 3:40 - 3:45 P.M.
    [Show full text]
  • Creating LAIA Foreword
    Creating LAIA Foreword The lack of capital and support has been a constant refrain a feasibility study on the potential of a women-focused heard from female entrepreneurs at every stage of growth. LA incubator and accelerator, hence this publication A recent report by JPMorgan Chase and The Initiative for of Creating LAIA: The Feasibility of a Women-Focused a Competitive Inner City (ICIC) found that women (and Incubator & Accelerator in Los Angeles. minorities) “are not participating in high-tech incubators and accelerators at the same rates as their white, male Creating LAIA is the definition of collaboration - what counterparts.” women do organically. Although it was ofcially and adroitly written by We Are Enough Executive Director and After I gave my 2015 TEDx Talk, “Why You Should be Sexist Co-founder, Delilah Panio, the final product was birthed by with Your Equity Capital,” I was surprised by how many many. Along with the women entrepreneurs and women- women entrepreneurs approached and requested to meet focused incubator and accelerator leadership listed in with me – each emotionally describing their reactions to the appendix, we have had conversations with or have what I thought was the unemotional subject of finance and listened to many female investors and entrepreneurs who money. The majority of these women were small business have informed the conclusions reached in Creating LAIA. owners who articulated stories of the difculty in growing To name a few – Monica Dodi, Kara Nortman, Efe Epstein, their businesses, specifically the lack of support and Dana Settle, Kesha Cash, Carman Palafox, Noramay capital. I soon learned that many women had an emotional Cadena, Adena Smith, Diane Manuel, Ana Quintana, Darya and insecure relationship with money.
    [Show full text]
  • Participant Bios and Headshots
    PARTICIPANT BIOS AND HEADSHOTS Brian Benson Director of Entrepreneurship and Commercialization, CNSI Brian Benson is the Director of Entrepreneurship and Commercialization at the California NanoSystems Institute (CNSI), responsible for all aspects of the Magnify incubator and driving strategic initiatives that support the growth of entrepreneurship and industry alliances for the Institute. Prior to joining CNSI, Brian was the portfolio & alliance manager at Children’s Hospital Los Angeles as well as program manager of the Consortium for Technology and Innovation in Pediatrics, an FDA funded pediatric medical device accelerator. He also held positions as team manager, crew chief, product development specialist, and marketing strategist with several automotive racing teams. He received his B.B.A. in Entrepreneurship from Loyola Marymount University. Taj Eldridge Senior Dircector of Investments, Los Angeles Cleantech Incubator Taj Ahmad Eldridge is an American business executive and the Senior Director of Investments at the Los Angeles Cleantech Incubator (LACI). Eldridge spearheads a division geared towards facilitating the successful growth of sustainability high tech startup companies engaged in entrepreneurial research and development of advanced technologies with the intent to create high-tech jobs throughout California. Prior to joining LACI, Eldridge served as the Director for the ExCITE Accelerator under the Office of Technology Partnerships (OTP) at the University of California at Riverside in Riverside, California. ExCITE is a private + public collaboration between the business leaders, the County of Riverside, the City of Riverside, and the University of California Riverside. Eldridge graduated from Texas A&M University, majoring in Literature and Poetry. He completed his Master of Business Administration from the Graziadio School of Business and Management at Pepperdine University in Malibu, California, and studied abroad in Santiago, Chile at the Universidad Adolfo Ibañez and at the Hong Kong University of Science & Technology.
    [Show full text]
  • Research & Policy Brief
    Instute for Research on Labor and Employment Research & Policy Brief Number 14– April 2013 Business Incubators in Metropolitan Los Angeles: Job The UCLA Instute for Research on Labor and Employment supports Creators or Boondoggles? faculty and graduate student re‐ search on employment and labor Taner Osman, Department of Urban Planning, UCLA topics in a variety of academic disci‐ plines. Introducon Business incubators are a widely used economic development policy tool The Instute also sponsors colloquia, which aim to nurture and support the development of small, oen high‐technology conferences and other public pro‐ oriented firms within local economies. In a short period of me, business incuba‐ gramming, is home to the undergrad‐ tors have become a very popular mechanism aimed at engendering economic uate minor in Labor and Workplace growth in local economies, not only in the US, but also around the world. In 1980, Studies at UCLA, and carries out there were only 12 business incubators in the US; by 2006, this number had grown educaonal outreach on workplace to more than 1,000 (Qian et al. 2011). In this paper, we detail the emergence of issues to constuencies outside the business incubators in the US and outline the raonale underlying the wholesale university. arrival of incubators as an economic development policy tool. We then provide a descripve account of business incubators in Metropolitan Los Angeles, which out‐ lines where within the region incubators are located, what goals they seek to The views expressed in this paper are achieve, what services they provide, and what industries they target. Finally, we not the views of The Regents of the draw from a number of studies to examine the impact of business incubators, to University of California or any of its determine how successful they are as an economic development policy tool.
    [Show full text]