updated: 2/20/2013 5:37:43 AM
Two health-related concepts have won the top prizes at this year's Burton D. Morgan Business Plan Competition at Purdue University. One idea involves a technique to select the best anti-cancer drugs for patients and the other is a new a diabetic testing device.
February 20, 2013
WEST LAFAYETTE, Ind. - A device for non-evasive diabetic testing and a biological imaging technique for personalized cancer care won the top prizes Tuesday (Feb. 19) at the $100,000 Burton D. Morgan Business Plan Competition in Purdue University's Discovery Park.
In the Gold Division, for graduate students, Animated Dynamics won the $30,000 top prize for its efforts to commercialize a new laboratory approach designed to select the best anti-cancer drugs for patients. Using tissue dynamics spectroscopy (TDS), doctoral student Ran An and Purdue physics professors David Nolte and John Turek are developing the technique that captures dynamic cellular motions deep inside living tissue.
NanoBio Interface Systems, a nanotechnology-based in vitro diagnostics company led by Purdue communications and philosophy major Aaron Trembath, claimed the $20,000 first prize in the Black Division to undergraduate students.
Each team had 20 to present their plans and 10 minutes for questions from the panel of 10 judges during the event at Discovery Park's Burton D. Morgan Center for Entrepreneurship. Sponsors for the event, marking its 26th year, are the Burton D. Morgan Foundation, Ice Miller LLC and Purdue's Krannert School of Management.
In the Gold Division for graduate students, Team VACCINE claimed the $15,000 second prize for its advanced law enforcement toolkit software. Team VACCINE members Abish Malik, Silvia Oliveros, Satish Kunchakuri and Nimish Dharawat are developing the software for equipping law enforcement agencies and citizens with situational awareness and risk assessment tools for analyzing criminal, traffic and civil incident patterns in their neighborhoods.
Telos Discovery Systems, which is advancing a drug discovery product that eliminates the need for researcher-mouse interaction, received the $7,500 third-place prize. Led by Ted Daniels, Telos is advancing a technology that could yield more accurate behavioral data and a tenfold increase in experimental throughput.
Finalists receiving $3,750 each in the Gold Division were Skyepack and Applied Battery Technology.
Led by Nick McCollum, Skyepack is a content-focused educational software environment designed to facilitate the delivery of learn-anywhere mobile content as an alternative to texts, course packs and class handouts.
Applied Battery Technology, led by Mark Suchomel and Subhash Ghosh, is developing a novel battery-sensing technology in development to increase rechargeable battery reliability and safety, and reduce application costs for equal end-user performance across all sectors.
In the Black Division, Cornucopia Farm, an established agritourism operation in Scottsburg, Ind., finished second and received $10,000. Presenter Michael Baird, a horticultural production and marketing and agricultural management student, is looking to expand his family-owned business' seasonal education and entertainment operations.
E3 Labs, a nonprofit organization developing products and services that address basic needs, quality of life and scarcity issues for developing countries, was third, receiving $5,000. E3 Labs is led by Nicolas Guerra-Mondragon and Fernando Segovia.
The other two finalists were Tapped and Super Resolution, each receiving $2,500 for their presentations. Tapped, led by liberal arts major Kevin Lee, is a planned mobile application for iPhones and iPads that allows bars and restaurants to highlight what beers are currently on tap.
Super Resolution team members Yuxing Zhang, Colin Sandbach and Jian-Wei Khor are working on an optic technique and device to improve the resolution of imaging systems for research microscopes and telescopes.
In addition to their prize winnings, Ice Miller will provide free legal and consulting services to the top three finishers in the Gold Division valued at $5,000 for Animated Dynamics, $3,000 for Team VACCINE, and $2,000 for Telos. The Purdue Research Park also will provide incubator space for those three companies.
Krannert provided one free registration in the 2013 Applied Management Principles (AMP) condensed management certificated program to Animated Dynamics. With a value of $4,995, AMP is offered by Krannertís Executive Education Programs.
In the Black Division, Nano Bio, Cornucopia Farm and E3 Labs will receive free affiliate status from the Purdue Research Park, permitting. Nano Bio also receives a free registration in Krannert's AMP certificate program, which has a value of $4,995.
The late Burton D. Morgan was a Purdue alumnus who started 50 companies, six of which have become major corporations, including Morgan Adhesives, one of the world's largest makers of pressure-sensitive adhesives. He also was president of Basic Search Co., an idea-development firm, and wrote several books on entrepreneurism.
The entrepreneurship competition started in 1987 with an endowment gift to Purdue from the Burton D. Morgan Foundation. The Morgan Foundation also funded the $7 million, 31,000-square-foot Center for Entrepreneurship.
The center leads Purdue's Kauffman Campuses Initiative, which is focused on making entrepreneurship education available across the university's main and regional campuses, enabling any student, regardless of field of study, access to entrepreneurial training.
Source: Purdue University