Tuesday, May 26, 2009

Fisher College of Business Announces 2009 Deloitte Business Plan Competition Winners | TechColumbus

Fisher College of Business Announces 2009 Deloitte Business Plan Competition Winners | TechColumbus

May 22, 2009

Three promising biomedical innovations have taken top honors in the annual Deloitte Business Plan Competition at OSU’s Fisher College of Business. The competition is designed to stimulate and nourish the entrepreneurial spirit in OSU students by encouraging them to develop new ventures based on their own ideas and technologies. It is also meant to serve as a real-world workshop in which students learn to successfully pitch their ideas to investors. Competition winners are awarded approximately $140,000 in cash and services to use as start-up funds to transform their ideas into thriving businesses.

The 2009 winners are all biomedical in nature and include:

1st Place – Nanofiber Solutions which applies newly patented technologies to cell culture, drug screening, cancer research and other biomedical fields to increase research speed and effectiveness. Nanofiber mats can be used to create 3D microenvironments that will recapitulate the in vivo (in the body) environment, facilitating faster drug screening and more effective cancer research.

2nd Place – Bionovations which has developed the world’s first proprietary diagnostic tool for evaluating patients for life-threatening vulnerable plaque, a contributor to eighty percent of all deaths from heart attacks.

3rd Place – IR Diagnostyx which will provide a new personal medical device and reliable procedures for non-invasive, real time diagnosis of critical diseases such as Interstitial Cystitis, Chronic Kidney Disease and Irritable Bowel Syndrome. The device relies on patented biomarkers to ensure early therapeutic intervention and improvement in the quality of life of patients.

Congratulations to all who participated in this year’s competition.

For more information on the Deloitte Business Plan Competition, visit: http://entrepreneurship.osu.edu/deloitte-business-plan-competition/


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