Energy Team Turns in Strong Performance at $75K Business Plan Competition
RedOx, a startup company founded by MSE and ChBE professor and University of Maryland Energy Research Center (UMERC) director Eric Wachsman and his colleague Bryan Blackburn, took second place in the Graduate Student, Faculty and Researchers Category and received a Warren Citrin Social Impact Award at the Maryland Technology Enterprise Institute's University of Maryland $75K Business Plan Competition.
RedOx received a $7500 prize to further its development of power generation technologies for a variety of applications.
Now in its twelfth year, the $75K Business Plan Competition promotes the commercialization of innovative ideas and university-created technologies by offering faculty, students, and alumni prizes for the best new venture plans. The competition emphasizes learning by offering one-on-one coaching for finalists, as well as the experience of presenting ideas to an experienced panel of judges. Companies active in the competition have generated millions in revenues, grants and awards.
For more information about the 2012 finalists, teams, judges, sponsors and supporters see:
April 26, 2012