After three days of competition, Adranos Energetics, a team of students from Purdue University, took home first place honors in the 25th New Venture Championship (NVC).
This year’s NVC took place April 7-9 in Portland, Oregon. Sixteen teams from around the world competed during a period of two days for four finalist positions, which were announced on Friday, April 8. The winning team was revealed on Saturday, April 9 after another day of competition.
Adranos Energetics placed first and will receive $25,000 to launch their venture. They are a company focused on the development of propellants, explosives, and other energetic materials. Adranos is developing a cost-effective solid rocket propellant called ALITEC that is more efficient, powerful, and better for the environment than traditional solid rocket propellants. ALITEC will enable missiles and space launch vehicles to a greater range and enhanced payload capacity at a reduced cost. In addition, ALITEC will enable defense and space exploration companies to reduce their harmful emissions.
Second place was awarded to TOUGHER from the University of Oregon. They will receive $10,000 towards their venture, a new brand of women’s workwear for the field, backyard, and shop. TOUGHER aims to make finding apparel that fits women in hard labor activities a less daunting task. Their customers are women in skilled trades, like construction or agriculture, and devoted DIYers who want apparel that not only fits but is also flattering to wear. They are putting an end to workwear that looks like a feed sack doused in pink. TOUGHER apparel empowers women to perform at their best.
Finalist runners up were Taniix from Thailand’s Thammasat University and VivImmune, Inc from the University of Arkansas. Taniix is a disruptive new technology of plant growth regulator, proven to increase ROI for farmers by up to 90 percent through optimizing production yield. In certain crops Taniix can increase crops up to three times and improve the grade quality of produce up to 30 percent. VivImmune is a biotechnology company focused on transforming bladder cancer therapy. Their lead molecule, VI-003, is part of a new class of cancer treatments called immunotherapies, designed to be injected directly into a tumor and remain there, activating the immune system only where needed. VivImmune envisions that by 2021, VI-003 will have completed a Phase I clinical trial and be ready to sublicense to a leading biopharmaceutical company.
In addition to the grand prizes, the New Venture Championship awarded $1,500 to Vivlmmune and Hygia Sanitation from Thailand’s Sasin Graduate Institute of Business Administration of Chulalongkorn University for placing first in the Elevator Pitch round and Trade Show, respectively. DV Tech of the University of Louisville was awarded the Palo Alto Software Best One Page Pitch, and TOUGHER received the award for the Best Written Plan.
Teams that did not qualify for the final round participated in the Oregon Entrepreneurs Network Lightning Round. Four teams won their Lightning Round Track and $1,500 each. These winners include DV Tech , Lumenostics of the Georgia Institute of Technology, Helm8 of the University of Texas at Austin, and MDAR of Northwestern University. The remaining teams were awarded $750 each as Lightning Round runners-up.
Our most sincere thanks to all of this year’s judges and competitors for their contribution to the success of the New Venture Championship.
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