Media Advisory: Rice Business Plan Competition to ring Nasdaq closing bell Oct. 15

MEDIA ADVISORY

Jeff Falk
713-348-6775
jfalk@rice.edu

Mary Lynn Fernau
713-348-5374
mlfernau@rice.edu

Rice Business Plan Competition to ring Nasdaq closing bell Oct. 15

HOUSTON – (Oct. 10, 2014) – The 2014 winner of the Rice University Business Plan Competition (RBPC) — Medical Adhesive Revolution of RWTH Aachen University, Germany — will ring the Nasdaq stock market closing bell at 3 p.m. CDT Oct. 15.

Photo courtesy of Nasdaq.com.

Medical Adhesive CEO Marius Rosenberg will be joined by Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship, which hosts the annual business competition; Ashok Rao, of the competition’s lead investors, the GOOSE Society of Texas; members of the OWL Investment Group; Chad Carson of the Greater Houston Partnership; and Mark Salazar and Kimberly Rawson of Insperity, the competition’s title sponsor.

A live webcast of the NASDAQ Closing Bell, will be available at: https://new.livestream.com/nasdaq/live or www.nasdaq.com/about/marketsitetowervideo.asx.

What:             Nasdaq closing bell ringing.

When:            Wednesday, Oct. 15, 2:45-3 p.m. CDT.

Where:           NASDAQ MarketSite, 4 Times Square, 43rd and Broadway, Broadcast Studio, New York.

Medical Adhesive is developing a high-strength biodegradable surgical adhesive that can be used inside the human body to seal wounds within seconds. The group won $507,500 of the record-high nearly $3 million in cash and prizes awarded at the world’s richest and largest student startup competition April 10-12.

Described by Fortune magazine as “the Super Bowl and World Series of business plan competitions,” the 2014 RBPC brought 42 university teams from across the globe to pitch their new technology businesses to more than 270 venture-capital and investor judges. Judges evaluated the businesses based on the investment potential.

Since the RBPC’s inception in 2001, more than 155 competitors have successfully launched their companies and are in business today or have sold ownership of their companies. Competing teams have raised more than $844 million in funding and had successful ownership sales of more than $250 million, for a total market value of more than $1 billion.

For more information, contact Jeff Falk, associate director of national media relations at Rice, at 713-348-6775 or jfalk@rice.edu.

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Follow Rice News and Media Relations via Twitter @RiceUNews.

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The Rice Alliance for Technology and Entrepreneurship is Rice University’s nationally recognized initiative devoted to the support of technology commercialization, entrepreneurship education and the launch of technology companies. It was formed as a strategic alliance of three Rice schools: the George R. Brown School of Engineering, the Wiess School of Natural Sciences and the Jesse H. Jones Graduate School of Business. Since inception in 1999, more than 1,500 early-stage companies have presented at the 150+ programs hosted by the Rice Alliance and raised more than $2.8 billion in funding.

Located on a 300-acre forested campus in Houston, Rice University is consistently ranked among the nation’s top 20 universities by U.S. News & World Report. Rice has highly respected schools of Architecture, Business, Continuing Studies, Engineering, Humanities, Music, Natural Sciences and Social Sciences and is home to the Baker Institute for Public Policy. With 3,920 undergraduates and 2,567 graduate students, Rice’s undergraduate student-to-faculty ratio is just over 6-to-1. Its residential college system builds close-knit communities and lifelong friendships, just one reason why Rice is highly ranked for best quality of life by the Princeton Review and for best value among private universities by Kiplinger’s Personal Finance. To read “What they’re saying about Rice,” go here.