Rice Business Plan Competition

Big win: second prize & numerous other prizes for A-76 at the Rice Business Plan Competition held in Houston, Texas — Rice Business Plan Competition

A-76 Technologies wins big at the Rice Business Plan Competition

A-76 Technologies, a corrosion inhibitor and lubricants manufacturing company, took home second prize, among numerous other prizes, at the Rice Business Plan Competition, held in Houston, Texas from April 10 – 12, 2014.  The annual competition is hosted by the Rice Alliance for Technology and Entrepreneurship at the Jones Graduate School of Business, at Rice University. At the Awards Ceremony on April 12, A-76 Technologies received numerous prizes, totaling over $550,000 in cash, grants, investment, and in-kind awards.

A-76 Technologies won their first round on April 11 and advanced to the semi-finals with fourteen other teams. After the semi-finals round in the morning of April 12, finalist teams were announced were announced at noon.  A-76 Technologies advanced to the finals with five other teams.

Surprising the team at the end of the night was an unexpected investment prize by the GOOSE (Grand Order of Successful Entrepreneurs) Society, whose members include Rod Canion, co-founder of Compaq, and Jack Gill, noted venture capitalist.  The total awards include second prize (Sponsor: Finger Interests), OWL Investment prize (Sponsor: OWL Investment Group), Opportunity Houston investment prize (Sponsor: Greater Houston Partnership), SURGE Accelerator Most Innovative Energy Tech Startup Investment Prize (Sponsor: SURGE Accelerator), CASIS ISS National Lab Space Flight prize (Sponsor: CASIS, the Center for the Advancement of Science is Space), Spirit of Entrepreneurship prize (Sponsor: Pearland EDC), Best Energy Business Plan (Sponsor: Energy Ventures), Best Company Showcase Table at Awards Banquet prize (Sponsor: McGuireWoods), 5th place in the Elevator Pitch Competition (Sponsor: Austin Ventures), mentoring services (Sponsors: Enterprise Futures Network and Silver Fox Advisors), and Treasury Management services (Sponsor: BBVA Compass Bank)

“We are very excited about the results of the Rice Business Plan Competition and the validation of A-76,” said A-76 Technologies Co-Founder and Chief Executive Officer Lauren Thompson. “We were proud to represent our university at home and to compete against some of the best business plan teams in the world.”  Continued Thompson, “We want to thank everyone who helped us to prepare for the competition, the Rice Alliance and volunteers, and our prize sponsors.”

The Rice Business Plan Competition is the largest and richest business plan competition in the world.  This year, more than $3 million in prizes were awarded.  More information on the Rice Business Plan Competition can be found at their website (http://alliance.rice.edu/rbpc.aspx).