Nanotechnology New Ventures Competition

Nanotechnology New Ventures Competition

March 25, 2011

at Purdue University

2011 Conference Winners

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.

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About the Competition

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.

Speakers For The Day

Mitch Roob, Jr., Indiana Secretary of Commerce and IEDC Chief Executive Officer

Jeff Welser, Director, SRC Nanoelectronics Research Initiative

Sean Murdock, Executive Chairman, NanoBusiness Alliance

Guidlelines

Eligibility & Questions

Candiss B. Vibbert, Ph.D.
Associate Director for Discovery Park Engagement
Burton D. Morgan Center for Entrepreneurship
Purdue University Discovery Park
Email: vibbert@purdue.edu
Telephone: (765) 494-9404

Karen C. Slaggert
Program Manager
Gigot Center for Entrepreneurial Studies
University of Notre Dame
Email: kslagger@nd.edu
Telephone: (574) 631-2714

What defines Nanotechnology?


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).

What is considered a startup?


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


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.

What are the requirements?


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:

PROCESS:

  • Round 1 requires a Venture Overview of your business idea and concept.  Detailed information regarding requirements for the Venture Overview will be available upon registration.  Venture Overviews for Round 1 are due by no later than noon on Tuesday, December 21, 2010. A summary of the requirements for Round 1 is included below. 
  • Semifinalists will be announced on Friday, January 21, 2011.  Those selected to advance to Round 2 will be required to write a Venture Plan.   Detailed information regarding requirements for the Venture Plan will be available upon registration.  Venture Plans will be due by no later than noon on Thursday, February 24, 2011. A summary of the requirements for Round 1 is included below.
  • Finalists will be announced on Tuesday, March 15, 2011.  Final round judging will take place on March 25, 2010 from 1 – 4 pm in the Burton D. Morgan Center for Entrepreneurship in Purdue's Discovery Park. Five (5) finalists will be selected, invited to present live before our distinguished panel of judges.  These finalists will compete for cash prizes totaling $57,000:
  • First prize:  $30,000
  • Second prize:   $15,000
  • Third prize:   $10,000
  • Fourth and fifth prizes:   $1,000 each

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. 

March 25, 2011

  • RSVP for Events

  • Agenda for the Day [PDF]

  • 10am - noon

    Future of Nanotechnology Research Fair

  • 10 - 11am

    Poster Fair in Birck Atrium

  • 11am - noon

    Jeff Welser Seminar in MRGN 121

  • 1 - 4pm

    Nanotechnology New Ventures Competition

  • 1 - 4pm

    Competition in MRGN 121

  • 4 - 5pm

    Reception in Mann Hall