Young Inventors Will Compete for Up to $50,000 in Start-Up Money at UMass Amherst Innovation Challenge Competition May 5
DATE: Tuesday, May 5, 2009
TIME: Award Announcement and Media Reception 6:30-7 p.m.
PLACE: UMass Amherst Campus Center, Room 1009
Up to $50,000 in prize money supplied by private donors could be awarded to the winning team when University of Massachusetts Amherst student scientist-entrepreneurs compete with business plan presentations from 3:30 to approximately 6 p.m. on Tuesday, May 5. In the 2009 Innovation Challenge competition, judges must decide which among four teams has the best entrepreneurial plan for taking a new idea to market. The winning team will be announced at about 6:30 p.m.
The four finalist teams are:
• Bug Power, graduate and undergraduate physicists and engineers who won a preliminary round with their new method to harness bacteria to clean up waste, eliminate odor and generate electricity in portable toilets.
• QD Tech students propose a way to synthesize and market quantum dots, which are nanoparticles for photovoltaics, optical electronics and life sciences.
• Localocracy is an Internet platform for improving efficiency and openness of representative government by enhancing and encouraging community involvement.
• Save a Life, Restrain Yourself, a lightweight, portable seatbelt that Americans traveling abroad can use in any car.
Since 2005, the UMass Amherst Innovation Challenge has provided more than $200,000 in awards to 20 different student-led teams. It is designed to help current students and young alumni who have science-related business ideas to develop business plans and move products closer to market.
More information is available at: www.umass.edu/innovation