A non-invasive diagnostic device for detecting brain injury claimed the top prize at the 23rd annual Global Moot Corp Competition at The University of Texas at Austin May 5-6.

NeuroLife Noninvasive Solutions, created by a team of MBA students from Carnegie Mellon University, beat out a wide range of business ideas to win the title of Global Champion and a prize package worth $100,000. Team members include Adil Wali, Ernest Braxton and Franco D. Harris. Tom Emerson is the faculty adviser.

NeuroLife will attempt to commercialize the world's first noninvasive intracranial pressure (ICP) diagnostic device, designed to be a faster, safer method for detecting brain injury. NeuroLife's patent pending technology deduces ICP by applying a small amount of pressure to the eye.

NeuroLife was awarded the top prize after a three- day competition that featured 16 international MBA teams and 17 teams from colleges from the leading MBA programs around the U.S.

All the teams who compete in the Global Moot Corp Competition are already winners, having won either a regional competition or their intra-university competition and sometimes both. They compete to gain the real world experience of asking potential investors for money.

This year, more than 50 entrepreneurs, attorneys, venture capitalists and business leaders served as judges in the Competition. Each team presented their venture at least three times to different judges and received invaluable feedback on their ideas.

The Moot Corp International Business Competition is a worldwide event for graduate students building real start-up companies. The Competition launches their fund raising process. To compete a team must have won one of the regional competitions, and be staffed with MBAs and other graduate program participants. Each May, up to 40 teams from around the world make their way to Austin, Texas to participate and network in three days of competition. Business Week calls this program "the Super Bowl of World Business Plan Competition" and many participants go on to start their businesses, frequently raising institutional venture capital in the process through their Moot Corp experience.

Domestically these teams include the business schools at institutions like Babson, Carnegie Mellon, Chicago, Michigan, Northwestern, Pepperdine, and UCLA. Internationally, where the program draws about 40% of participants, it includes many of the leading business schools in Europe, South America and the Pacific Rim. Teams participating typically have 4-5 team members and a faculty advisor. An innovative mix of consumer, technology, medical and service based companies from around the world make their way to Austin each year for the competition.

From a sponsorship standpoint, this is an excellent opportunity to position your company with entrepreneurially minded students from around the world. As a Sponsor, you have the opportunity to experience first hand the emerging technologies and wide-ranging cultural trends that provide a real-time pulse on the market for products and services from around the world. Your company will be viewed as a thought leader in the global arena of entrepreneurship by the emerging generation of entrepreneurially leaders. It also provides exposure for your organization in an environment where the serendipitous sparks of innovation, people, and intellect flourish in the hallways.

Moot Corp is currently seeking organizations interested in sponsoring the Competition. These sponsorships can range from entry level packages to the branding of the competition with the sponsor's name. The supporting Moot Corp events (trade shows, workshops, competitions, semi-finals, dinners, breaks, speakers, etc.) can be branded and sponsored to coincide with your company efforts. Full details of the program are available at www.mootcorp.org or by contacting the program director, Rob Adams at rob.adams@mccombs.utexas.edu or 512- 471-5289.

On Friday, August 11, NeuroLife Noninvasive Solutions will open the NASDAQ Stock Market. This is the fourth year the Global Moot Corp Competition winner has opened the market.

To view the ceremony on the NASDAQ Market Open Web Cam:... (all times are EDT), go to http://www.nasdaq.com/reference/marke tsite_about.stm. Viewers must have Windows Media Player to view the web cam. Scroll to the bottom of the page under the heading MarketSite Live Web cam and click on Windows Media Player. Download the web cam at 9:15 AM so you have time to troubleshoot in case you are experiencing technical difficulties. Anytime before 9:20 AM, the web cam will be showing the Tower, at 9:20 AM the router is switched and you will see inside the studio.

To view the Open on television, you may also tune in to any of the following networks around 9:28 AM EDT: CNBC, Bloomberg, CNNfn, Bloomberg Brazil, CNN or FoxNews.