International Nanotechnology Business Idea Competition Names Judges Venture Capitalists, Executives and Academics to Review Entries



    CLEVELAND, Aug. 23 /PRNewswire/ -- Organizers of the second annual
 International and North Coast Nanotechnology Business Idea Competitions today
 announced the names of judges who have thus far agreed to preside over the
 October 20-21 NANO Week event.
     The panel includes representatives of venture capital firms, corporations
 and nanotechnology researchers.
     The venture capitalists on the panel are Jonathan P. Murray of Early Stage
 Partners; James L. Bildner of New Horizons Partners (Boston); and Ted
 Schroeder of the KAL Equity Capital Fund (Los Altos, Calif.).
     Alan Olson, director of technology for Ferro Corp., and Scott Rickert,
 chief executive of Nanofilm are representing the corporate community, and Don
 Blewett of the Burton D. Morgan Center for Entrepreneurship at Purdue
 University (West Lafayette, Ind.) and Zachary Shulman of The Johnson School at
 Cornell University (Ithaca, N.Y.) represent the research community.
     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
 entrant from the region or the entrant that is 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.
     "Northeast Ohio is really catching people's attention as a hotbed of
 nanotechnology activity," said Gary Wnek, co-director of The Institute for
 Management and Engineering (TiME) at Case Western Reserve University. "The
 American nanotech community paid close attention to last year's competition,
 and last year's winner has already attracted venture capital. We expect even
 more attention will be paid to this year's competition. The caliber of the
 judges we've drawn is a testament to that."
     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. Entrants who submit a
 letter of intent to enter the competition before September 1 will have their
 entry fee reduced to $50. The deadline for submissions is September 15. For
 more information, including the complete rules, visit the TiME Web site at
 www.tiime.case.edu/nano.
     Organizers of the competition include three Case Western Reserve
 University departments: 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
 Cleveland.
     QD Vision Inc., a Cambridge, Mass., startup that had the idea of using
 nanotechnology to develop the next generation of liquid crystal displays, won
 $50,000 in the inaugural International Business Idea Competition in 2004.
     NorTech, the Northeast Ohio Technology Coalition, 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 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 achieve superior organizational performance.
 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
 www.nano-network.org.
 
 

SOURCE Nano-Network

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