CLEVELAND, Sept. 9 /PRNewswire/ -- Organizers of the second annual
International and North Coast Nanotechnology Business Idea Competitions today
announced they have received more than 40 entries from the United States and
seven other countries, including Canada, China, India, Italy, Romania and the
Ukraine. The entries will be judged here October 20-21 during NANO Week. The
deadline for submissions is September 15.
Organizers are thus far pleased with the level of interest in the contest.
They are expecting to receive a steady stream of additional entries leading up
to the fast approaching deadline.
"The international representation we've attracted indicates the growing
global interest in nanotechnology along with recognition of Ohio as an
emerging leader in this area," said Gary Wnek, co-director of The Institute
for Management and Engineering (TiME) at Case Western Reserve University.
The International and North Coast Nanotechnology Business Idea
Competitions are the culminating event of NANO Week, October 17-21, which this
year will focus attention on the next generation of nanotechnology-based
products and applications from the aerospace, automotive and consumer products
industries. The business idea competition differs from traditional business
plan competitions in that it is simply seeking submissions of concepts that
have the potential to be profitable, nanotechnology-based businesses.
Organizers have introduced a new entry category to this year's competition
in hopes of finding the best nanotechnology business idea from Northeast Ohio.
The North Coast Business Idea Competition will award $75,000 to the best
entrants from the region or the entrants that are willing to relocate to the
region. The International Business Idea Competition will again award
$75,000 to top teams from anywhere in the United States or abroad. The judges
will choose the winners based on the ability of the business ideas to fill a
market need and be commercialized.
There is a fee of $100 for each entry a team submits, and there is no
limit to the number of submissions a team may enter. For more information,
including the complete rules, visit the TiME Web site at
Organizers of the competition include three Case Western Reserve
University programs: TiME, the Science and Technology Entrepreneurship Program
(STEP), and InTICE: the Institute for Technology Innovation, Commercialization
and Entrepreneurship, and the Nano-Network. Sponsors include the Partnerships
for Innovation Program of the National Science Foundation and the Joseph P. &
Nancy F. Keithley Foundation.
An awards ceremony for the winning teams will be held October 21 in
NorTech, which is leading the development of a technology-driven economy
in Northeast Ohio, and the Nano-Network, a consortium of nanotechnology-minded
scientists, entrepreneurs and supporting agencies in Northeast Ohio, are the
driving forces behind NANO Week.
About the Institute for Management and Engineering (TiME)
Combining the resources of Case Western Reserve University's Case School
of Engineering and its Weatherhead School of Management, TiME is uniquely
positioned to help students and technology-based companies integrate
engineering and management to educate a new breed of business-minded
innovators. More information is available at www.tiime.case.edu.
About the Science and Technology Entrepreneurship Program
The Science and Technology Entrepreneurship Program at Case Western
Reserve University is a 2-year masters program that provides grounding in
science and technology innovation, practical business instruction, and real-
world entrepreneurial experience. More information about this program is
available at http://step.case.edu.
About the Institute for Technology Innovation, Commercialization and
Building on the formidable strengths of Case Western Reserve University,
InTICE fosters the practice, study and teaching of technology innovation,
commercialization and entrepreneurship through the development of unique
academic programs. InTICE works to make the process more effective and more
efficient, and to create a transformative culture in all of its partners.
NorTech (The Northeast Ohio Technology Coalition) is a diverse group of 50
regional leaders committed to ensuring economic growth and leadership in
Northeast Ohio by promoting entrepreneurially based, globally competitive
technology development, innovation and commercialization. See www.nortech.org
for more information.
About the Nano-Network
The Nano-Network was formed by scientists, entrepreneurs and financiers to
improve and expand the nanotechnology research and commercialization
activities and capacities in Northeast Ohio and throughout the nation. More
information about the Nano-Network and NANO Week is available at