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
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
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
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
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