Nanotechnology New Ventures Competition
March 25, 2011
at Purdue University
WEST LAFAYETTE, Ind. - A company developing a nanocomposite bone substitute claimed the $30,000 top prize Friday (March 25) in the inaugural Nanotechnology New Ventures Competition, sponsored by Purdue University and the University of Notre Dame.
The NNVC is targeted to researchers who have developed novel technologies or services based in nanotechnology and have an affiliation with the state of Indiana. Participants will gain free access to experts on developing a business plan; will have access to a network of experts in nanotechnology; will have the opportunity to interact with individuals who are interested in investing in nanotechnology ventures; and will compete for cash prizes totaling $57,000.
Five finalists will be selected to make presentations to a panel of expert judges. All participants will be invited to attend all NNVC events: registrants will be invited to participate in the Future of Nanotechnology Research Fair and may join the audience to observe the final competition.
Candiss B. Vibbert, Ph.D.
Associate Director for Discovery Park Engagement
Burton D. Morgan Center for Entrepreneurship
Purdue University Discovery Park
Telephone: (765) 494-9404
Karen C. Slaggert
Gigot Center for Entrepreneurial Studies
University of Notre Dame
Telephone: (574) 631-2714
According to the National Nanotechnology Initiative, “Nanotechnology is the understanding and control of matter at dimensions between approximately 1 and 100 nanometers, where unique phenomena enable novel applications. Encompassing nanoscale science, engineering and technology, nanotechnology involves imaging, measuring, modeling, and manipulating matter at this length scale” (see the National Nanotechnology Initiative website:
http://www.nano.gov/html/facts/whatIsNano.html, June 8, 2010).
The NNVC focuses on Indiana-based start-up ventures that have not yet been launched or are at their earliest stages of launch. An eligible venture is typically one that has generated less than $500,000 in cumulative revenues, has received less than $500,000 in external financing and has been in operation less than three years. Plans that are affiliated with a mature business are typically not eligible to compete. While these guidelines provide general parameters, eligibility determinations will be made on a case-by-case basis at the sole discretion of the NNVC Committee which includes representatives of Purdue and Notre Dame.
Indiana-based eligibility may be certified through: (1) those who are students or employed by an institution of higher education in the state of Indiana; (2) affiliation at one of many research parks or certified technology parks in the state of Indiana; (3) a business location in the state of Indiana.
REGISTRATION: Registration will open beginning at noon on Friday, October 15, 2010, and will remain open until noon on Monday, December 10, 2010. Registration is free and can be completed here:
All registrants will be invited to attend a free workshop on how to create a viable Venture Plan. Participation is voluntary, but is strongly encouraged. This workshop will be presented both at the University of Notre Dame and at Purdue University during the months of October and November, 2010. Details regarding the workshops (date, time and location) will be made available upon registration.
All registrants will be invited to present (pitch) their venture/research at the Future of Nanotechnology Research Fair, to be held March 25, 2011 from 10 am – noon in the Birck Nanotechnology Center in Purdue's Discovery Park. Detailed information regarding the Research Fair will be made available to all who register for the New Nanotechnology Venture Competition. Finalists selected for the New Ventures Competition are required to participate with a poster in the morning Research Fair.
Please note: Participants must certify that the individual/team/company owns or has rights to license/use its proposed technology. This certification may be a statement from the office which is assisting with disclosures, licensures, or patents.