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e2e Materials wins 7th Big Red Ventures Business Idea Competition
10 May '07
2 min read
The Johnson School at Cornell University announced that e2e Materials won the seventh annual Big Red Ventures Business Idea Competition. Based on Cornell technology, e2e Materials produces strong, biodegradable composites from renewable fibers and soy protein. It is working to commercialize a formaldehyde-free, cost competitive alternative to particleboard.
As the winner, e2e Materials will receive $10,000 and 20 hours of free legal help through Big Red Legal, Cornell's entrepreneurship legal services program. It also advances to the Golden Horseshoe Business Challenge, a business plan competition for Buffalo, Ithaca, Rochester in Western New York, as well as the city of Waterloo, Ontario. The first-place winner of this competition will receive $100,000 in cash.
Student managers from the Johnson School's student-run venture capital fund Big Red Ventures (BR Ventures) reviewed all 165 entries and selected eight ideas to advance as finalists of the competition. The competition gives these managers first glance at potential investment opportunities for the venture capital fund down the road. In March 2007, BR Ventures announced a new investment in Systanix Inc, a company that won the Business Idea Competition in 2005.
The eight finalists presented their business ideas before a panel of experts on April 19, 2007. Judges included Ralph Terkowitz, ABS Capital Partners; Eric Young, Canaan Partners; Dan Simpkins, HillCrest Labs; Andy Jones, Boulder Ventures; Anupendra Sharma, Siemens Venture Capital; and David Rickerby, Choate, Hall & Stewart LLP.
They judged the presentations on criteria such as innovation and originality, competitive advantage, customer and competitive analysis, business model viability, management team, and possible venture capital interest.
As the winner, e2e Materials will receive $10,000 and 20 hours of free legal help through Big Red Legal, Cornell's entrepreneurship legal services program. It also advances to the Golden Horseshoe Business Challenge, a business plan competition for Buffalo, Ithaca, Rochester in Western New York, as well as the city of Waterloo, Ontario. The first-place winner of this competition will receive $100,000 in cash.
Student managers from the Johnson School's student-run venture capital fund Big Red Ventures (BR Ventures) reviewed all 165 entries and selected eight ideas to advance as finalists of the competition. The competition gives these managers first glance at potential investment opportunities for the venture capital fund down the road. In March 2007, BR Ventures announced a new investment in Systanix Inc, a company that won the Business Idea Competition in 2005.
The eight finalists presented their business ideas before a panel of experts on April 19, 2007. Judges included Ralph Terkowitz, ABS Capital Partners; Eric Young, Canaan Partners; Dan Simpkins, HillCrest Labs; Andy Jones, Boulder Ventures; Anupendra Sharma, Siemens Venture Capital; and David Rickerby, Choate, Hall & Stewart LLP.
They judged the presentations on criteria such as innovation and originality, competitive advantage, customer and competitive analysis, business model viability, management team, and possible venture capital interest.
Cornell University
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