Eight Countries Represented in International Nanotechnology Business Idea Competition

Organizers Expect More Entries As September 15 Deadline Looms

Sep 09, 2005, 01:00 ET from Nano-Network

    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
 Entrepreneurship (InTICE)
     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.
     About NorTech
     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

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