Moot Corp > About > Succcess Stories
Competition Success Stories
Update on Previous Competitors
Dynamics, Carnegie Mellon University
2009 Global Moot Corp - Semifinalist
Dynamics Inc., an innovator in next-generation payment cards, announced
that it has closed an initial, oversubscribed $5.7 million Series A
round of financing led by Adams Capital Management. The company produces
a paper-thin, flexible computer platform that can be utilized in a
variety of applications such as next-generation payment cards. Dynamics
has invented the world's first fully programmable magnetic stripe
that can be read at any existing Point-of-Sale (POS) magnetic stripe
reader. The card itself can change any bit of information on this
programmable stripe at any given time. The technology does not require
any change to the 60 million 1970s-era magnetic stripe readers or
re-education of its merchant base. The company netted roughly $400,000
in prize money from winning the Rice Business Plan Competition,
Carnegie Mellon McGinnis Venture Competition and the University of San
Francisco Business Plan Competition.
FocalPop, University of Texas at Austin
2009 Global Moot Corp – Outstanding Written Plan and Outstanding Market,
Division V
In late 2009, FocalPop launched its proprietary platform, allowing
photography buyers to crowdsource their image needs via a network of
photographers across the world. FocalPop began generating revenue within
weeks of its launch and now receives nearly 70 photo submissions for each photo request and represents photographers in over
100 countries. FocalPop is continuing its focus on growing the photographer side of the market while adding functionality to
accommodate higher-end photography needs and plans to kick off
buyer-side sales efforts this summer.
KT TAPE, Brigham Young University
2009 Global Moot Corp - First Runner-up in Thompson & Knight Challenge
KT TAPE officially launched at the end of the second Quarter of 2009. We
finished the year with just under one million in revenue. Weultimately did not end up taking funding from outside investors but we
continue to experience high levels of growth. Our product is currently
sold in over 2,000 retail locations in the U.S. and we have distributors
in over 30 countries worldwide. We surpassed our 2009 revenue in the
first quarter of 2010 and we are moving this month from our current
1,000 square foot office/warehouse to a new 6,200 square foot facility.
Their website, www.kttape.com, receives over 1,000 hits a day and web
traffic is currently increasing at about 15% a month. The team attributes their successful launch in part to the funding and feedback
they received from the business plan competitions they attended.
Novophage Therapeutics, Boston University and MIT
2009 Global Moot Corp – Global Champion
Novophage Therapeutics is developing a disruptive biological therapy
designed to increase the effectiveness of antibiotic treatments, slow
the onset of antibiotic resistance and prevent harmful biofilms. The company
has incorporated and is viable. They are closing on seed financing
(<$500K) and finishing in-licensing. Novophage has started
collaborations with PNNL and WRAIR. See www.novophage.com.
NuVision Pharmaceuticals, Kennesaw State University
2009 Global Moot Corp - Semi-Finalist
NuVision’s Beta tests of its first product, Trioxiderm™, were 100%
successful, curing ALL of the Grade 1, 2 and 3 diabetic ulcers on which
it was used in under 10 weeks with no observable side effects. NuVision has
completed vendor selection and is finalizing the testing required to
bring Trioxiderm™ to market later this year.
SOVAmed, WHU
2009 Global Moot Corp
During our first business year besides enhancing our first product for
the assessment of AAA, we focused on developing and implementing a quality management system and the subsequent certification by a notified
body. Starting March 2010, we will offer teleradiology solutions throughout Germany as well. Based on a flexible service concept, SOVAmed
offers the software-based processing and visualization of medical image data. We focus on abdominal aortic aneurysms (AAA) and
assess clinically relevant parameters more precisely, more flexible and faster than current approaches. Thus we are able to improve the
quality and performance of diagnostic procedures considerably. SOVAmed mainly addresses clinical radiological and surgical departments
as well as manufacturers of vascular implants. Visit www.sovamed.com/en/.
Veritract, University of Utah
2009 Global Moot Corp
Veritract has received $150,000 in grant money and completed a seed round investment of $50,000. Their third generation prototype is
complete and testing is underway. An experienced bio medical device COO has joined the company and a board of medical device professionals has been formed. They are currently completing an A round
investment of $1.25M.
NeuroBank, Carnegie Mellon University
2008 Global Moot Corp – Global Champion
NeuroBank has changed its name to NeuralStemCells, Inc. NeuralStemCells,
Inc. is headquartered in Pittsburgh, Pennsylvania and employs
two full-time PhD scientists. NeuralStemCells, Inc. has isolated a new
source of neural stem cells and is preparing a commercial product for
the fall of 2009. To date, NeuralStemCells, Inc. has raised
approximately $250,000 in funding.
AmWell (Now ViroPan), University of Utah
2008 Global Moot Corp – Outstanding Market, Division IV
ViroPan is developing a proprietary, intra-vaginal delivery method for
the prevention of human papillomavirus and other viral sexually transmitted diseases. The company has received $100K grant money. A
senior biotech executive and CFO have joined the company. ViroPan is now involved in product development and is starting to raise A round
investment.
Orchid King, Thammasat University
2008 Global Moot Corp - Semifinalist
Orchid King’s OKlone micropropagation technology cultivates market
dominating Phalaenopsis, growing these highly demanded orchids at 5,120% greater yield, while practically eliminating labor in this $1.5
billion segment. Orchid King Co., Ltd. was legally incorporated in
Thailand in late 2008 to quickly capture the great opportunity in floral industry
which validated during the long and arduous process of formulating the
business plan. The key indicator, early on, was the fact that customers
were jumping at the chance to discuss purchase agreements even
before the company became fully operational. The company was seeded with
angel money in the amount of 4 million baht, sufficient for a start
up size production scale. Orchid King Co., Ltd. is now in the final
stages of establishing their production lab, which is expected to be
fully
operational by March 2009. The company has intellectual property
agreements with the inventor for an exclusive right to use the
technology
and is moving on to the process of laboratory accreditation to ensure
that the quality meets international standards.
MicroTransponder, University of Texas at Dallas
2008 Global Moot Corp - Honorable Mention in Murphree Challenge
MicroTransponder is a medical device company commercializing wireless
interfaces for the repair or enhancement of the nervous system.
Since competing in Moot Corp, Texas-based MicroTransponder Inc. has
raised $4.85 million in funding from grants and private capital to
develop a wireless neurostimulation technology platform for the
treatment of chronic pain and several other neurological indications.
The
minimally invasive device is able to deliver precise stimulation to the
areas of pain around the peripheral nerves, with no implanted batteries
or
wires. The company is finishing R&D on the device and accumulating data
toward FDA clearance in addition to building out its management
team with experienced executives from companies such as Cyberonics and
Advanced Bionics. MicroTransponder is also developing a device
platform for a pipeline of additional indications based on Vagus Nerve
Stimulation, including stroke rehabilitation, tinnitus, and anxiety. For
more
information, visit www.microtransponder.com.
Qcue, University of Texas at Austin
2008 Global Moot Corp - Finalist
Qcue is reinventing the primary ticket marketplace with the world’s only
dynamic pricing engine for live entertainment events. Sports teams,
concert promoters and venues use Qcue’s patent-pending technology to set
the right price at the right time and provide the best value for fans, from the date of on-sale to the date of the event. Since competing
in Moot Corp, Qcue has signed on numerous professional sporting teams as clients including the San Francisco Giants and Dallas Stars. In
addition to an earlier round of angel funding, Qcue has received $1M
in funding from the Texas Emerging Technology Fund. Founded in 2007,
Qcue is based in Austin, Texas. For more information, visit www.qcue.net.
Remedium Technologies, University of Maryland
2008 Global Moot Corp
Remedium Technologies is a company dedicated to the development of
advanced hemostatic and tissue sealant materials. Based on the proprietary technology, they offer a unique solution to effectively stop
bleeding for an extremely wide range of injury types, by implementing
the
powerful natural phenomenon of self assembly. Remedium Technologies has
received government grants from MIPS and TEDCO for research and product development. Remedium Technologies has been making
tremendous progress and has been covered in 137 online press sources, business journals, biotech newswires, etc. Remedium has
obtained funding of up to $164,500. See http://remediumtechnologies.com.
TrustedGuests.com, London Business School
2008 Global Moot Corp – Honorable Mention Murphree Challenge
TrustedGuests.com competed in Global Moot Corp under the name of
ShellSwitching.com. TrustedGuests.com helps vacation home owners
find trusted guests for their empty nights. They add trust by allowing
the home owner and guest to evaluate one another following a stay,verifying a guest's membership in a group the owner trusts (such as
alumni, workplace, business and social clubs), allowing "arm's-length"
transactions when renting to friends and friends of friends, and selling
insurance to mitigate financial liability. In addition to adding trust,
they
automate the scheduling of the three labor-intensive parts of the
vacation home stay; key delivery and post-stay cleaning and evaluation.
They
just launched a service to help students from top business schools, law
schools and universities find housing for their internships and
exchanges, and find trusted guests while they are away. The company
remains self-funded and is based in Atlanta.
Cleanspray, Bond University, Australia
2008 Global Moot Corp
Cleanspray now has a small management team and a national distribution
network within Australia, with distributors also in New Zealand.
They did some preliminary work regarding distribution out of the west
coast of USA, however with the onset of the Global Financial Crisis they
decided to pull back and focus on their Australian operations. They have
recently received an approach from a UK importer and distributor and
are currently engaged in preliminary discussions regarding the UK
opportunity. Additionally, the company has identified higher value
opportunities in some EU countries and will likely pursue offshore
growth in Europe prior to revisiting the U.S. Further significant
distribution
agreements are expected to be closed with large retail chains in the
immediate future (one with the third largest retail chain in Australia).
Cleanspray has grown from a start-up to a full blown operation with a
supply chain from China to Australia and a national distribution
footprint
that is growing consistently. The operation has been self-funded by the
founder, with some assistance provided by Australian Govt R&D tax
rebates. The company is debt free and will fund future growth from free
cash flow. The major change since Moot Corp has been a move away
from vending machines as the primary means of market access. The capital
intensive vending business has been sold off in an exclusive
supply agreement with one of Australia’s largest independent vending
machine enterprises. That business owner is now one of many clients
and sales via vending is a small component of overall sales levels. The
vast majority of sales are via conventional retail outlets. See
www.cleanspray.com.au.
RLH Technologies, Boise State University
2008 Global Moot Corp - Outstanding Written Plan, Division 6
RLH Technologies has garnered much attention for its fleet information
management system (known as MotiFleet in the Moot Corp Competition). The company was launched as a C-Corporation in the State
of Idaho, and a beta version to the proposed system has been developed and is currently being tested by over 5,000 customers around
the country. The features of the system have been received well by the beta testers, and the benefits were immediately recognized by the
users. Although many investors have expressed interest in the company, the management team has elected to forego funding in pursuit of
other ventures. The company is currently undergoing due diligence for an acquisition by a larger company in the fleet industry.
HydroCoal Technologies, Kennesaw State University 2008 Global Moot Corp - Outstanding Product, Division 7
HydroCoal has completed the design of its product parameterization test
facility at the University of Georgia. It hopes to complete its initial
testing in late 2010 so that it will be able to build its first
commercial coal gasification facility for its number one customer in
2011.HydroCoal
“will do for coal what cracking did for oil - enable the emergence of an
entire new form of energy utilizing yet transforming existing
infrastructure.” With Hydrocoral’s technology, coal can now be used to
create clean synfuels at prices comparable with oil and natural gas.
HydroCoal is focused one step earlier in the coal conversion chain. That
step involves grinding raw coal into smaller and more porous
particles with more surface reactivity. This product burns more like
natural gas. HydroCoal will sell processors, gasifiers, and direct
liquefaction systems, deriving its revenue from equipment sales and
royalties on equipment and process usage. The company has filed
patents and is actively pursuing this avenue to protect its IP.
MacuCLEAR, University of Texas at Austin
2007 Global Moot Corp – Murphree Challenge First Runner-up
MacuCLEAR Inc. is a specialty clinical-stage pharmaceutical company
focused on developing and commercializing novel solutions for
vascular disorders of the eye. It has received IND clearance from the
FDA and has successfully completed a Phase 1b study in humans.
MacuCLEAR is now preparing to commence a Phase II/III human clinical
trial in the summer of 2010. MC-1101, MacuCLEAR's lead
compound, is a patented, topically delivered drug for treating and
stopping the progression of Age-related Macular Degeneration (AMD), the
leading cause of blindness and vision impairment in people over the age
of 50. Subsequent targets beyond dry AMD include diabetic
retinopathy and ischemic retinopathy. In April 2007, MacuCLEAR closed a
Series A investment round to complete preclinical studies, optimize
the eye drop formulation and advance MC-1101 through FDA IND clearance
for human clinical testing. In April 2009, MacuCLEAR was
approved by and received $1.7M from the Texas Emerging Technology Fund.
See www.macuclear.com for more information.
Lumedyne Technologies, San Diego State University
2007 Global Moot Corp – Global Champion
The end of 2009 marked the completion of a very successful year for
Lumedyne and 2010 promises to be an even bigger year for the
company. During the last quarter, Lumedyne has added another new member
to the team and has been awarded a new government grant to
develop next generation space based accelerometers. The bulk of the
prototype work for the seismic imaging accelerometer is completed and
we are looking forward to testing our first prototypes next quarter.
Lumedyne, along with its two partners, Northrop Grumman and Millennium
Space Systems, have been awarded a new grant from an unnamed government
agency to develop next generation space accelerometers.
The award is a seedling grant of $500K over a 12 month period to perform
a design study on Lumedyne’s technology. At the end of the effort
(October, 2010), the three companies will be eligible for multi‐million
grants to continue the development effort and fabricate prototypes. See
www.lumedynetechnologies.com.
Agile Sports, University of Nebraska - Lincoln
2007 Global Moot Corp - Semifinalist
Agile Sports completed a Series A financing in June 2007 and officially
launched their product, Hudl Pro, in January 2008. Hudl Pro (previously
called Huddle) allows for teams to share and collaborate on their video,
playbook, presentations, and evaluations online, helping players and
coaches to better prepare to win. Hudl Pro was used by the University of
Nebraska football team throughout the 2007 and 2008 season, and
the NFL’s New York Jets signed on and used the system in March 2008. The
Jets used Hudl Pro to dramatically improve their offensive and
defensive installations and team meetings, and the system played a key
role in getting their rookies and free agent acquisitions up to speed.
Throughout the season, many of the Jets’ top players, including Brett
Favre, averaged 2-3 hours every night in Hudl Pro. After receiving
multitudes of requests from high school and smaller college coaches,
Agile Sports developed a fully-hosted, online version of system, Hudl,
at a price point that could meet the needs of teams at any level. After
completing a pilot program in the fall of 2008 with 15 schools from the
Midwest, the company officially launched Hudl (www.hudl.com) this past
January. They closed on the initial portion on their Series B raise in
December 2008, with Jeff Raikes, CEO of the Bill & Melinda Gates
Foundation and the former President of Microsoft Business Divisions,taking the lead position in the raise. Since its public launch, Hudl has
added over 100 partners from around the world covering a variety of different sports, including football, soccer, basketball, softball,
baseball, track and field, wrestling, and lacrosse.
SmartSaws, Fayetteville State University
2007 Global Moot Corp - Outstanding Presentation, Division 5 SmartSaws Inc. is in the business of providing yield saving software and
control systems to the wood working machinery industry. They have successfully entered the Canadian and U.S. markets and succeeded in
placing their products with prominent manufacturers, such as the
second and third largest Kitchen Cabinet manufacturers and second
largest casket manufacturer. The company has also completed their website translation into Portuguese and Russian so that marketing can
begin in the Ukraine and Brazil markets. The downturn in the economy
has created a welcome surprise that was missing in their business plan.
They are now seeing an increase in the retrofit market. Many of their
new clients are interested in updating their existing machinery as
opposed to buying new machinery. SmartSaws has demonstrated that their
optimization algorithms can save five points in yield, thus making the
purchase decision based on payback simple. To support their “try it,
then
buy it” marketing tactic, they have successfully reduced their retrofit
time down to just four hours. The company is able to offer customers a
glimpse of the money savings before they buy. See www.tisfoon.com.
Green Dragon Pest Solutions, University of Georgia
2007 Global Moot Corp - Finalist
Green Dragon Pest Solutions, Inc. (formerly Mullis Enterprises) received
EPA registration of its patent pending, environmentally friendly roach
bait, Green Dragon Roach Kill™ in April of 2008 and began building
demand in the professional pest control market by attending national and
regional pest management tradeshows. Most recently GDPS, Inc. partnered
with Univar USA, Inc., the nation’s largest chemical distributor, to
provide its product to customers in the Southeastern United States. The
company was seeded with 65K from 2007 Business Plan
Competition winnings and angel money in the amount of $400k. GDPS, Inc.
is currently raising an additional $350k to expand into additional
markets and develop its first ant bait product. For more information,
visit www.gdpsinc.com.
eVapt, University of Texas at Austin
2007 Global Moot Corp – Outstanding Market, Division 4
eVapt Inc. is a software company which enables the pay-as-you-use model
for online services. eVapt Inc. makes usage based monetization
of Software-as-a-Service (SaaS) and Cloud Computing possible. eVapt
provides the most comprehensive, on-demand, truly usage based
billing solution that meets the needs of Cloud Computing providers.
Using eVapt's solution, providers can operate more efficiently and
expand rapidly into new market segments. It was formed by software industry
veterans to enable enterprises, small business and individuals to buy
business services on demand. At the end of 2009, MagnaQuest, a global
leader in billing solutions, announced a major step forward in its
cloud computing strategy by entering into a definitive agreement to
acquire privately held eVapt, a leading platform for Metering, Billing
and Subscription Management for the Cloud. MagnaQuest and eVapt plan to
deliver compelling new solutions that will enable cloud and
on-demand providers to more efficiently run and manage subscription and
usage based billing within both internal and external cloud
architectures. Going forward, Divakar Jandhyala will be the CEO and
General Manager of Cloud Business at MagnaQuest. For more
information, visit www.evapt.com.
T&T International, University of Georgia
2007 Global Moot Corp – Semifinalist
T&T International opened its doors for business in the fall of 2007 as
an importer, processor, and distributor of superior quality fresh
seafood from around the world for the American market. The company sells tiger
shrimp to upscale restaurants. T&T International expects 2010 sales
to exceed $8 million.
Innovative Sports Strategies, University of Oregon
2007 Global Moot Corp – Outstanding Written Plan, Division IV
Prior to the official company launch in May 2007, Innovative Sports
Strategies (ISS) worked directly with college athletic departments and
professional sports teams to improve the efficiency, functionality, and
subsequent decision-making information available in custom-built financial spreadsheets. As interest in ISS solutions grew, development
began on our flagship software product, ElevationTM, a web-based
financial management tool built to address the unique financial
structure of sports industry organizations and to significantly improve
the efficiency and effectiveness of business operations. In January of 2009,
Elevation Beta was launched with the Budget and Forecasting Module. Later that month, the University of Oregon Athletic Department
became the first ISS beta partner. Oregon State and Florida State
signed on later in 2009 as the final two beta partners. In early 2010,
the Accounting Integration Module was released. See www.iss-biz.com/.
Elevate Learning, University of Michigan
2007 Global Moot Corp - Outstanding Market, Division 8
Elevate Learning® is an innovative, results oriented, one-to-one online
tutoring program in math, reading and science for K-12 schools and
school districts. Elevate Learning® is part of the fast growing $12.3
billion e-learning industry. The company capitalizes on the growing
trend of
customized learning to suit individual learner’s learning style and
pace. Elevate Learning has successfully test piloted its three programs
in
2006 and has received excellent reviews from school districts, students
and parents. The company has bagged orders worth $100K in the
first five months of its commercial launch. Elevate Learning is in talks
with leading educational companies for a marketing alliance to target
the $2 billion market for supplemental educational services. They are
currently based in Chicago.
Hybridtronics, University of Chicago
2007 Global Moot Corp - Thompson & Knight Challenge Winner
Hybridtronics researches and develops hybrid electric systems that can
be retro-fitted into existing vehicles such as trucks and buses. Their
hybrid electric systems improve the fuel economy of the vehicle by about
20% and also assist the manufacturer in meeting stringent emission
norms. They have recently been engaged by one of the bigger bus
manufacturers in South Asia to install the hybrid electric system on
their best selling line of city buses. Consequently, Hybridtronics has started
setting up base in the U.S. and has allocated funds to hire about 10
people in the next few months. Visit www.hybridtronics.com.
Optimal Vision Corporation, University of Illinois at Chicago
2007 Global Moot Corp - Semifinalist
Optimal Vision Corporation (OVC) is an early stage medical device
company that is offering a breakthrough vision correction procedure for
presbyopia. OVC’s patented procedure provides the solution for anyone
who has to deal with the hassle of wearing reading glasses. The company's patented procedure, Infrared Keratectomy (IRK), invented by
practicing ophthalmalogist, Dr. Edward Yavitz, corrects the vision impairment presbyopia without causing damage to the eye. Optimal Vision
Corporation seeks to complete the FDA approval process to bring their technology to market. Visit http://optimalvisioncorp.com.
ResuRx Pharmaceuticals, John Hopkins University
2007 Global Moot Corp – Honorable Mention Murphree Challenge
ResuRx systematically screens marketed drugs with a methodical, proven
technique that saves millions of dollars, curtails years of
development and maximizes value. Over 30 pharmaceutical companies and
academic laboratories expressed interest in screening the
existing drug collection for new uses. ResuRx’s current pipeline boasts
four drugs entering Phase II clinical trials this year. They have
located
a pharmaceutical manufacturer for astemizole, an antihistamine
discovered to have antimalarial properties, and are excited about the
possibility of a clinical trial. They also are in the process of
securing a worldwide patent for use of the antifungal drug itraconazole
in the treatment of angiogenesis related diseases such as cancer and diabetic
eye degeneration.
NeuroLife, Carnegie Mellon University
2006 Global Moot Corp – Global Champion
NeuroLife was formed in 2006 with the intent of developing a medical
device to measure intracranial pressure minimally invasively by measuring the intra-ocular pressure required to collapse the central
retinal vein. The company developed a functioning prototype which was
tested in animals. However they were unsuccessful in raising the
required capital to continue operations and disbanded in 2008. Estimated
capital raised was less than $250K.
EnvironBinz, San Diego State University
2006 Global Moot Corp – Honorable Mention Murphree Challenge
EnviroBinz is a San Diego based socially conscious private company
focused on bringing awareness to environmental causes. Envirobinz’s
patented product Envirobin allows pedestrians to make choices when
dispensing trash or recyclables in their respective receptacles.
EnviroBinz manufactures special containers that accept both trash and
recycled materials. The bins can be seen on the streets of National
City, and are coming to the city of San Diego. EnvironBinz is in
negotiations with Commercial districts of the United States for its
product.Funding received to date includes $122,000 raised by partners and
$22,000 won in business plan competitions. See
http://www.envirobinz.com/.
Floragenex, University of Oregon
2006 Global Moot Corp – Murphree Challenge Honorable Mention
Life science researchers have a new partner in custom genomic research –
Biota Sciences. Launched by Floragenex to leverage its proprietary next-gen sequencing technology for researchers in
vertebrate, invertebrate and other species, Biota Sciences provides
services focused on meeting its clients’ research goals. Through Floragenex and
Biota Sciences, we can create solutions for plant and animal
researchers with our suite of sequencing technologies. Our services
enable our customers to focus on their biology and analysis, rather than
navigating the challenges of matching their goals with technology.
Phurnace Software, University of Texas at Austin
2006 Global Moot Corp – Outstanding Presentation, Division V
In 2010, BMC Software acquired privately held Phurnace Software, a
leading developer of automation software that significantly reduces the cost, complexity and risk to deploy and configure Java-based
applications on physical, virtual and cloud environments. BMC will sell
and support Phurnace products as BMC BladeLogic Application Release
Automation, the only solution available today that fully automates the
application deployment process to streamline implementations, reduce the
risk of errors and help customers avoid downtime and outages traditionally associated with manual or script-based processes. Learn
more at www.phurnace.com.
Secure-Surfer, University of Georgia
2006 Global Moot Corp - Semifinalist
Secure-Surfer (previously Internet Security Company) provides “Safe
Internet Access For Everyone, From Everywhere, Every Time©”. It is
safe for everyone because it protects against all possible online safety
concerns including phishing, man-in-the-middle and
man-in-the-browser attacks as well as keyloggers, and malware downloads.
It is safe everywhere because it is effective even when
accessing the internet from PCs infected with viruses, worms and other
malware or using tapped internet connections. It is safe every time
because it guards even novices practicing unsafe surfing habits or faced
with novel social hacking techniques. See www.secure-surfer.com.
Spark Parking, Northwestern University
2005 Global Moot Corp - Semifinalist
Spark Parking offers pain-free parking management and monitoring -
making it easier for drivers to find and pay for their parking. Spark
Parking provides a wide variety of services including managing
off-street and on-street parking, parking surveys, space counting and
parking guidance, enforcement optimization, and utilizing unsold spaces. In
March 2007, Spark Parking was selected by the City of Emeryville, CA to
track parking utilization and length of stay in a rapidly growing
mixed-use neighborhood. The company also released Tele Atlas ContentLink
(SM) for application developers to incorporate into a range of GPS
devices and location-based services and applications. Visit
www.sparkparking.com.
Auditude, University of California Los Angeles
2005 Global Moot Corp
Auditude helps content owners manage and sell ads on their distributed
videos, publishers grow high-value inventory for buyers, and advertisers target premium video online. By combining our ad platform
with our identification system, we simplify monetization of online
video. Auditude has raised $10.5 million funding round from Redpoint Ventures
and existing investor Greylock Partners. This brings the company's
total funding to $23 million. Auditude has started powering a broader
variety of video ads on MySpace and its MySpace Music product, as well
as partnered with Warner Bros. Entertainment. Visit http://auditude.com.
International Nutraceutical Company of America, University of Georgia
2005 Global Moot Corp
International Nutraceutical Company of America finalized a license for
its technology with the University of Georgia in 2006. The company hascompleted all product testing and has finally secured launch funding. It
expects to be on the market with its highly effective Rejuvalin™ osteoarthritis cream later this year.
Midway Pharmaceuticals, University of Chicago
2005 Global Moot Corp - Texchange Challenge Winner
Midway Pharmaceuticals has novel proprietary technologies developed by
the Division of Gastroenterology at the University of Chicago for the
treatment of necrotizing enterocolitis (“NEC”) and for inflammatory
bowel diseases(“IBD”). Funding received to date includes approximately
$1M in convertible note financing to run pre-clinical studies. The
company is now preparing to file an IND, and in diligence with two
venture funds regarding a Series A financing.
Bigfoot Networks, University of Texas at Austin
2005 Global Moot Corp - Semifinalist
Bigfoot Networks is dedicated to delivering networking technologies and
products for today’s new generation of real-time network dependent applications. The Company has developed the world’s fastest consumer
network card which is currently sold under the Killer™ brand. Bigfoot’s current products are primarily focused on giving online gamers
maximum performance and ultimate control of their network. The
Killer™ line of products is now shipping in volume with Dell, EVGA,
VisionTek, Golden Arrow, Leadtek, and many leading computer system manufacturers. Bigfoot Networks is funded by North Bridge Venture
Partners, Palomar Ventures and Raven Venture Partners. The Company has offices in Austin, TX and Redwood City, CA. To learn more, visit
www.killernic.com.
Mi Viejita, London Business School
2005 Global Moot Corp - Semifinalist
Mi Viejita brings the very best authentic Mexican cuisine to the next
generation. It uses all natural ingredients of the highest quality.
While MiViejita continues to develop the retail channel with the Mi Viejita
brand, they have launched a second brand: MexGourmet. MexGourmet is
intended to serve the fast growing ethnic foodservice market. They are
also offering tailor made developments for restaurant chains which
love Mi Viejita’s format but require their recipe. Mi Viejita would
consider private labels programs and alternative channels such as
camping food. See www.miviejitausa.com.
Perpetua, University of Oregon
2005 Global Moot Corp - Gefinor Ventures Challenge Winner
Perpetua Power Source Technologies is the developer of the Power Puck,
an innovative energy source for low-power devices. The high-tech
gadget, which looks something like a hockey puck with Don King’s hair,
uses proprietary alloys to generate electricity from minor temperature
fluctuations. The company foresees a wide range of possible
applications, from powering sensors in industrial plants to creating
wearable locator beacons for emergency personnel. Perpetua executives say they’re
poised to ramp up production and create up to 100 new jobs. But
they also say they’ll have to farm that business out to overseas
contract manufacturers if they can’t get some help to offset the cost of
on-site expansion, an estimated $5 million. Perpetua is pursuing a variety of
ways to level the playing field, including federal support. Perpetua
already has technology development contracts with the National Science
Foundation and the Department of Homeland Security.
Spectrohound, University of Manitoba
2005 Global Moot Corp - Affinegy Challenge Winner
Spectrohound Technologies develops and markets a near-infra red light
based system for performing real-time evaluations on the water
exiting municipal and corporate treatment plants. The concept is now
based in Halifax. It was voted the best angel deal in Canada for 2009 by
the National Angel Capital Organization.
ClearCount Medical Solutions, Carnegie Mellon University
2004 Global Moot Corp – First Runner-up
ClearCount was founded by two researchers from Carnegie Mellon
University, who based the company’s technology on a patent filed by a
surgical nurse and her husband. What they had devised was a strategy to
keep track of surgical sponges during a procedure. Today,
ClearCount has the only sponge counting-and-detection system on the
market. In February, the company announced FDA clearance for its
SmartWand-DTX. Nurses and other surgical assistants wave the wand over
an unopened pack of sponges to get a count and then validate
the number of used sponges with another wand. If the counts don’t match,
the surgeon waves the wand over the patient to locate the missing
sponge. The SmartWand technology displays how many sponges are inside
the patient and what type of sponges they are. ClearCount
recently entered into a sales and distribution agreement with MedLine
Industries and the product, which is manufactured locally, is on the
market. To learn more, visit www.clearcount.com.
benchKeeper Software, University of Western Ontario
2004 Global Moot Corp
benchKeeper Software Inc. is a Vancouver, BC based software development
company that specializes in the creation of software that assists
Life Sciences researchers. The core benchKeeper suite contains five
modules developed to manage everyday laboratory reagents including:
DNA plasmid maps, cryogenic samples, antibodies, oligos, and protocols.
An additional animal management module is available to track
husbandry, experimental and autopsy information for animal cohorts. See
http://benchkeeper.com/.
Chipotle Business Group, University of Texas at Austin
2004 Global Moot Corp
Chipotle Business Group, Inc. (CBGI) is dedicated to revolutionizing
water analysis with its proprietary intellectual property for the rapid
detection of micro-organisms, such as E. coli and Enterococcus, in
water. The US Patent and Trademark Office notified us that we are
getting a patent on our Single-step ImmunoSorbent Assay (SISA) and our
SISA for Multiple Analytes. These are the rapid tests we are
advancing for microorganisms and complex chemicals. We have abstained
from seeking outside money until we can advance our
technologies to a significant point. We should reach that point in about
six months. Therefore, we are starting our search for outside
investment. We will be looking for $500,000 to supplement Texas money
and get to market and up to $2,000,000 to do that and pay back the
state. We are limited to convertible debt otherwise we trigger the event
that sets the state’s strike price on their warrants.For additional
information, see www.ChipotleGroup.com.
Jet Yi, University of Michigan
2004 Global Moot Corp - Atrium Capital Challenge Winner
Jet Yi (previously Jet Red) is developing a new low-cost-airline carrier
in China. The airline will serve the huge and growing middle class in
China. The cost structure for Jet Yi will be over 15% lower than the
major domestic airlines China Eastern and China Southern. The start-up
airline has lined up private equity funding commitments, built a
management team, and has created an operating plan to launch the airline
operations in China. Jet Yi is awaiting approval from the Civil Aviation
Administration of China (CAAC). They are currently chartering two routes
with Sichuan Airlines.
Veran Medical Technologies, Vanderbilt University
2004 Global Moot Corp - Semifinalist
The Veran 4D technology is unlocking the potential for therapy delivery
to organs that move with heartbeat and respiration. The company's
flagship product, the 'IG4', received FDA clearance in April 2006. The
company began human trials in June 2006 at Brown Medical Center in
Providence, RI, and at Boston Medical Center. They are preparing a third
site at M.D. Anderson in Houston. Human trials have gone
exceptionally well. There appears to be significant interest in the
Veran platform from the biopsy and ablation practice areas. Veran
Medical
Technologies (VMT) expects to begin generating revenue by the end of
June 2008. VMT has raised $3 Million from outside investors. Currently
a 'go-to-market' round of investment is being pursued. See
www.veranmedical.com/.
uShip, University of Texas at Austin
2004 Global Moot Corp – Semifinalist
uShip.com operates a website that helps individuals and businesses that
have something they need transported, such as cars, boats, LTL
freight and furniture, to find reliable service providers to handle the
load. Unlike a directory or classifieds site, uShip.com uses a
reverse-auction style format where transporters bid against each other
to win the job, which drives down the final price to the consumer.
uShip.com, the global online shipping marketplace, announced it has
surpassed $125M in business transacted in just five years, two-thirds of
which occurred during the recession. In 2009, uShip’s revenues doubled
versus 2008 and the company also enhanced local settings for
customers in the UK, EU, Canada and Australia. Launched in 2004, uShip
turned profitable in 2008. eBay item shipments on uShip have
topped $30 million and 900,000 shipments have been listed on uShip since
2004. Matt Chasen is now CEO of the 50-person company, which
has stayed true to his original vision: connect people with transporters
to make shipping more efficient and affordable.
MicroMRi, University of Pennsylvania
2003 Global Moot Corp
MicroMRI’s first product is a suite of MRI-based biomarkers for the
monitoring of osteoporosis. Known as topology biomarkers, they measure
the microarchitecture of bone, which breaks down in osteoporosis long
before a noticeable change in the bone’s density can be measured.
MicroMRI acquired the underlying intellectual property from the
University of Pennsylvania. It partners with pharmaceutical companies to
establish the effectiveness of the biomarkers. Leveraging a strategic
partnership with GE, it installs the system in U.S. premier hospitals
and abroad. MicroMRI is winning new contracts, making valuable partnerships
and is poised for further growth. Funding received is $3.5M to date
with revenues of $2M pharma contract and $6M government grants. Visit
www.micromri.com/.
Minewolf Systems, WHU
2003 Global Moot Corp
MineWolf Systems is a Swiss/German leading provider of state-of-the-art
mechanical landmine clearance technologies and services. Our flagship product, the MineWolf, has set new standards in terms of
reliability and efficiency and has shown unprecedented results in
projects worldwide. Millions of square meters of mine-contaminated land in
Europe, Africa, the Middle East and South America have been effectively
cleared using the MineWolf technology. See www.minewolf.com/.
PlasiaTEK, University of Manitoba
2003 Global Moot Corp - Best Written Plan Division V
PlasiaTEK is a medical device company based on patent-pending technology
that eliminates the risks and problems inherent to endotracheal
intubation. The company has received FDA approval and is in revenue.
PlasiaTEK is currently based in Minnetonka, MN. One of the founders,
Kevin Michaluk, has gone on to found and sell the web portal
crackberry.com.
Halsa Pharmaceuticals, University of Texas at Austin
2001 Global Moot Corp – TL Ventures Challenge Winner
Halsa Pharmaceuticals, Inc. is a start-up biotechnology company
developing therapeutics for the treatment of obesity and other metabolic
diseases. Halsa Pharmaceuticals has achieved exclusive patent rights to
a natural material that, when injected by a physician into an obese
patient, will cause immediate and substantial depletion of body fat.
Halsa Pharmaceuticals currently is working on preclinical safety, dosing
and small animal studies of its lead ZAG candidate and CEO Phil Speros
estimates the drug is about 24 months from the filing of an
investigational new drug application. Earlier in its pipeline, Halsa is
working on a program that involves blocking proteolysis induction factor
receptor (PIFR), interrupting the mechanism by which cancers cause
muscle wasting. To date, Halsa’s ZAG and PIFR work has been funded
without venture capital. The firm raised about $500,000 around its 2007
launch from angel and high net worth investors and it also received $1
million from the Texas Emerging Technology Fund. Halsa currently is
fundraising and aims to close a $5 million second round in mid-2010,
which may or may not include VCs. Read more at www.halsapharma.net.
2MBA Business, Bond University, Australia
2000 Global Moot Corp – Global Champion
2MBA Business changed its name to Mobile Vending Units. Designed in
Australia and sold globally, the multi-purpose award-winning cart was
one of three technologies used by the Australian Government to help
demonstrate technical prowess at Business Club Australia at the time of
the Sydney Olympics. In April 2009, Mobile Vending Units was selected as the winning product
line in both the “Mobile Vending Systems” and “Coffee & Food Carts”
categories for foodservice in the World Culinary Championships.
Lear Neurologic, University of Western Ontario
2000 Global Moot Corp
Lear Neurologic is now called Lear Communication Inc. Our
speech-language pathologists help determine which factors are
contributing to the difficulties and what their impact is on each area of communication.
We provide services for Stroke – Aphasia, Stroke – Dysarthria,
Acquired Brain Injury, Parkinson's Disease including Lee Silverman Voice
Treatment, Voice Dysfunction (e.g. Vocal nodules, etc.), Stuttering,
Incorrect Articulation (e.g., difficulties with /s/, /r/, etc.) and
Language-Based Learning Difficulties.
Invasive Plant Control, University of Oregon
1997 Global Moot Corp – First Runner-up
Invasive Plant Control was established in 1997 and has operated as an
entity exclusively focused on the control of invasive species for almost
12 years with projects ranging from the Virgin Islands to the hardwoods
forests of northern Pennsylvania. In 2006, IPC began offering its
consulting services globally with its first project in Tanzania, Africa
designing and implementing a course on prevention of invasive species
through ports of entry. IPC’s travel teams roam the United States
targeting invasive species in fragile natural areas. Utilizing an
Integrated Pest Management approach, IPC focuses on selectivity through proper timing
and application methods. IPC also offers technologically advanced
delineation, GPS/GIS & mapping of invasive species.
© McCombs School of Business at The University of Texas at Austin