Rice Business Plan Competition announces 2021 teams

NEWS RELEASE

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

Avery Franklin
713-348-6327
averyrf@rice.edu

Rice Business Plan Competition announces 2021 teams
The most startups in the competition’s history, more than 50 teams, will vie for more than $1 million in prize money

HOUSTON – (March 4, 2021) – Startups from top universities in six countries will showcase their big ideas at the 21^st annual Rice Business Plan Competition (RBPC) — the world’s largest and richest student startup competition — in hopes of taking home big cash prizes, with totals expected to exceed $1 million.

The competition, hosted by the Rice Alliance for Technology and Entrepreneurship and the university’s Jones Graduate School of Business, will be held virtually April 6-9.

This year’s startups were chosen from more than 440 applicants and will compete in five categories: energy, clean tech and sustainability; life sciences and health care solutions; consumer products and services; hard tech; and digital and enterprise software.

The largest sector represented at the RBPC is consistently life science, but this year’s competition is bringing a substantially higher number of consumer startups to the stage — with many already demonstrating initial revenue traction.

“With the unusual and trying year, we are excited to have so many student founders continuing to persevere and stay committed to their startups,” said Brad Burke, managing director of the Rice Alliance for Technology and Entrepreneurship. “Our applicant pool was incredibility robust and included a deeper variety of quality startups. It was because of this and the virtual competition that we extended invitations to 54 promising startups and we’re looking forward to bringing them to a global stage at the competition in April.”

More than 250 judges will decide which startups represent the best investment opportunities. They will also provide valuable feedback, mentorship and guidance to the startups, one of the most important components of the RBPC.

Startups accepted to the competition have the opportunity to engage with experts before, during and after the event, helping founders make their businesses stronger and better equipped to raise funds and excel in the entrepreneurship ecosystem, according to the organizers.

More than 230 RBPC alumni have successfully launched their ventures and most are still in business today, with 31 startups making a successful exit. Past competitors have raised more than $2.7 billion in capital and created more than 3,700 jobs. Two past alumni have achieved “unicorn status” with valuations greater than $1 billion each: Hyliion (2015 RBPC finalist) and Owlet Baby Care (2013 RBPC finalist).

2021 Rice Business Plan Competition teams:

For more information about the 2021 Rice Business Plan Competition, visit http://rbpc.rice.edu.

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To schedule an interview with the organizers, or for more information, contact Avery Franklin, media relations specialist at Rice, at averyrf@rice.edu or 713-348-6327.

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This news release can be found online at news.rice.edu.

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 of the Rice Alliance, more than 2,860 early-stage companies have participated at more than 250 programs hosted by the Rice Alliance and raised more than $20.1 billion in funding.