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Adept Advancement Technologies Wins Again at the NYS Business Plan Competition

04.30.12NYSBPC

 

On April 26, ten teams from Rensselaer competed in the 2012 New York State Business Plan Competition (NYSBPC). Twenty-five colleges and universities from New York State were represented in the competition for more than $150,000 in prizes and in-kind services. The day started with 105 teams in four different categories giving 2-minute pitches to a panel of venture capitalists. From there, the top twenty teams were selected to advance to the final round. Five Rensselaer teams moved forward to present a ten-minute pitch to a larger panel of investors from around the country.Adept Advancements

There were four competition tracks: products/services, information technology / software, cleantech / sustainability / nanotech / high-tech, and healthcare / social / nonprofit. First place teams in each category received $10,000 cash and over $2,000 of in-kind services, second place teams received $5,000 cash, and third place teams received $2,500 in cash.

Adept Advancement Technologies, a Rensselaer team led by PhD candidate Jonathan Ashdown, placed third in the cleantech/sustainability/nanotech/hitech track. In February, Adept Advancements swept the Rensselaer Business Plan Competition winning $4,500 from the graduate track. Adept placed second in their track at the 2011 NYS Business Plan Competition, taking home $5000.

Adept AdvancementsStrong Arm Technologies Inc., a team from Rochester Institute of Technology, was the grand prize winner with their product Strong Arm Vest, a form-fitting garment that incorporates load-bearing straps to reduce fatigue and risk for employees lifting boxes and heavy objects. The team received $50,000 and more than $20,000 in in-kind services.

More Information about the NYS Business Plan Competition

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