Forest Devices from Carnegie Mellon University wins 2017 Rice Business Plan Competition

Rice University News & Media

Jeff Falk612-964-7236jfalk@rice.eduMary Lynn Fernau713-348-5374mlfernau@rice.edu
Forest Devices from Carnegie Mellon University wins 2017 Rice Business Plan CompetitionMore than $1.3 million awarded at world’s richest, largest student startup competition 
HOUSTON – (April 8, 2017) – Forest Devices from Carnegie Mellon University emerged as the top startup company tonight in the 2017 Rice Business Plan Competition (RBPC) hosted by the Rice Alliance for Technology and Entrepreneurship and Rice University’s Jones Graduate School of Business. The annual event is the world’s richest and largest student startup competition.
Selected by 275 judges from the investment sector as representing the best investment opportunity and taking home nearly $700,000 in cash and prizes, Forest Devices bested 41 other competitors hailing from some of the world’s top universities. Forest Devices is a medical device startup located in Pittsburgh that is developing AlphaStroke, the first stroke screening device that can potentially be used by all medical personnel in any environment.
Significant new prizes this year and the teams that won them include:
* $300,000 GOOSE Investment Grand Prize – Forest Devices, Carnegie Mellon University.
* $200,000 OWL Investment Prize Sponsor – Forest Devices, Carnegie Mellon University.
* $200,000 TiE Houston Angel Group Investment Prize and $500,000 investment from Elevate Capital – Medical Magnesium, RWTH Aachen University, Germany.
* $125,000 Houston Angel Network Investment Prize – Forest Devices, Carnegie Mellon University.
* $100,000 Cisco Innovation Challenge Prize – Luso Labs, Columbia University.
* $50,000 Department of Energy Clean Tech Prize – Swift Coat, Arizona State University.
* $50,000 Finger Interests and Anderson Family Fund Second-Place Investment Prize – MITO Material Solutions, Oklahoma State University.
* $25,000 Rice Brown School of Engineering Tech Innovation Prize – Intelligent Flying Machines, Northwestern University.
* $60,000 Courageous Women Entrepreneurs Prize – MITO Material Solutions, Oklahoma State University ($40,000) and SandBox Semiconductor, University of Texas at Austin ($20,000).
* $25,000 Texas Business Hall of Fame Best of Texas Prize – NovoThelium, University of Texas at San Antonio.
* $20,000 NASA Earth/Space Human Health & Performance Innovation Cash Award Sponsor – Rendever, Massachusetts Institute of Technology.
* TMCx Life ...

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