BUSINESS PLAN COMPETITION

Previous Results

2016 Competition Results

April 27th, Virtual Competition

Grand Prize Winner
WarpSpecWarpSpec. North Carolina State University at Raleigh, USA. Every year the U.S. meat processsing industry loses $1.2 billion in holding cost and lost product shelf life due to delays in slow pathogen testing. We're developing an in-line system that scans meat products for pathogens like Salmonella in real time. It works by isolating the vibrational frequencies in reflected infrared light to identify the "spectral fingerprints" of pathogens of interest. Our platform technology was patented by the US Navy and allows our system to filter light faster than any product on the market, saving our customers billions.

LES International Global Award Recipient
Fruti-CycleFruiti-Cycle Project. Makerere University, Uganda. Fruti-cycle is a biogas powered tri-cycle, with a 300kg carrying capacity refrigerated courier for conveniently and safely transporting fresh fruits and vegetable to the market. It is targeted at the 70% of small scale farmers in developing world. Fruti-cycle is half the price of our competitor Bajaj tri-cycle and easier to run in the long run. It will earn revenue through direct sales ($800) +licensing fee ($8/month). With 50,000$ initial cost, it provides a 15.6% return on investment in the second year. With subsidies from the government, partnerships with local farmers’ organizations and international organizations, fruit-cycle shall obtain a sustainable competitive advantage to create cheaper better model to supply the local market and scale to international market within five years.

LES Members' Choice Award and Best Student Team Award
Essential BiotechnologyEssential Biotechnology LLC. Medical College of Wisconsin, USA. Essential Biotechnology has a new approach to cancer therapy based on the discovery of a molecule, CRR9, that serves as a nexus in regulating tumor cell survival through multiple pathways- allowing the tumor cells to survive the stresses of their environment and chemotherapies. Essential Biotechnology has developed monoclonal antibodies that target this nexus and kill cancer cells by making them sensitive to stress once again. Preclinical work has shown that this approach to be highly effective, even on traditionally “undruggable” Ras-driven cancers, which have been highly sought after by the pharma industry for years.

2015 Competition Results

May 11th, Virtual Competition

2015 Global Award Winner

(l to r) Eric Beydoun, Ivette Rubio, Debora Rodrigues, Ph.D., Enrico Nadres, Ph.D., Maria Rodriguez-Moya, Ph.D.

Grand Prize Winner
Grand Prize Winner Wavve Stream Inc. was led by CEO Eric Beydoun, a graduate from the Wolff Center for Entrepreneurship, C.T. Bauer College of Business at the University of Houston. Beydoun states that his company does not make water filters, “we make water filters better” by manufacturing a liquid solution and integrated beads than can be applied to water filtration systems. “Wavve Stream’s products will enhance the quality of water around the world,” says Beydoun. “750 million people lack access to safe water; that is approximately one in nine people worldwide. Wavve Stream is redefining the meaning of clean water by significantly enhancing the capabilities of existing water filters.”


LES International Global Award Recipient
The LESI Global Award is presented annually to the team whose plan best deals with IP rights and their use in the global business environment. It was awarded to student-led start-up Maieutic. These entrepreneurs seek to reduce manufacturing downtime with PinPress, a selfadjusting, programmable surface that allows manufacturers to change what they are producing with the press of a button.

LES Members' Choice Award Recipient
TriboTEX took home the Member’s Choice Award. This clean-tech startup leverages a proprietary, eco-friendly nanoparticle product that has two functionally different sides to effectively recondition moving parts during normal operation.

2014 Competition Results

2014 Gran Prize Winner

John Lewandowski representing Grand Prize Winner
Disease Diagnostic Group from Case Western University

Mar 25th, New York, NY

Grand Prize Winner
Disease Diagnostic Group, led by John Lewandowski, now a Ph.D. candidate at the Massachusetts Institute of Technology, captured the LES Foundation 2013 International Graduate Student Business Plan Competition's $10,000 Grand Prize. DDG is a pre-commercial medical device company specializing in the development of rapid, accurate, and inexpensive disease diagnostic tests. The team is focusing on tackling the $1billion malaria diagnostic market with its flagship product RAM (Rapid Assessment of Malaria), which uses magneto-optical technology to provide accurate malaria diagnosis in less than 60 seconds at 1/10th the cost of current solutions.


LES International Global Award Recipient

2014 Global Award Winner

(l to r) Pu Wang, Gary Travis and Jennifer Rostami representing Global Award Winner Vibronix from Purdue University.

The Foundation presented the $5,000 LES International Global Awards to student-led start-up Vibronix, Inc., aims to provide advanced imaging solutions for disease diagnostic, treatment guidance, and therapeutics development. The team's first technology product is the intravascular photoacoustic (IVPA) system, a catheter-based intravascular sensor that can predict the risk of a heart attack with more precision than any other device on the market.

2013 Competition Results

May 16th, Seattle, WA

Grand Prize Winner
2013 LES Foundation WinnerStudent entrepreneurs from Cornell University, USA captured the LES Foundation 2013 International Graduate Student Business Plan Competition's $10,000 Grand Prize for their technology spinout, Empire Robotics. Empire Robotics, Inc. is commercializing a platform robotics technology through its first product, a universal robot gripper. Gripping and manipulating varied objects addresses a fundamental problem in industrial automation.


LES International Global Award Recipient

Global Award Recipients Stephen Kayode of University of Arkansas
ParadigMed (right) and Antonio Gentile of Universita del Salento's (Italy)
MRS (left) with LES Foundation Secretary Peter Ross (center)

The Foundation presented $5,000 LES International Global Awards to both MRS, a start-up from Universita del Salento, Italy, and ParadigMed from the University of Arkansas, USA.

MRS provides breakthrough technology to increase the efficiency of PVD (Physical Vapour Deposition) processes used in the production of microchips, micro electro-mechanical systems, solar cells and other hi-tech devices.

ParadigMed, LLC offers the patent-pending Circumex® adult male circumcision device. This is a cost-effective, disposable, non-surgical device that can be used in an outpatient setting.


2012 Competition Results

May 14th, Boston, MA

Grand Prize Winner
2012 LES Foundation Graduate Student Business Plan Competition Grand Prize Winner Student entrepreneurs from Purdue University have captured the LES Foundation Graduate Student Business Plan Competition’s $10,000 Grand Prize for their start-up company, Medtric Biotech, LLC. The start-up is poised to introduce a new class of wound dressings containing a revolutionary infection-fighting nanotechnology, known as Osmotec, which protects against bacteria, including antibiotic-resistant superbugs, while speeding up the healing process by 25 percent.


LES International Global Award Recipient
Licensing Executives Society International’s 2012 Global Award Winner Student entrepreneurs from Swinburne University of Technology, Australia received the Licensing Executives Society International’s (LESI) $5,000 Global Award for their start-up Relivit. The Global Award, which was presented as part of the 2012 LES Foundation Graduate Student Business Plan Competition, is awarded annually to the team whose plan best deals with intellectual property (IP) rights and their use in the global business environment.

Runner-up Teams:

2011 Competition Results

June 4th, London, England

Grand Prize Winner
2011 Grand Prize WinnerNanoMed from Washington University-St. Louis won the 2011 LES Foundation International Graduate Student Business Plan Competition for the biomedical startup’s plan to revolutionize neurological surgical mesh using state-of-the-art biomaterials that are easier to use and more easily integrated into the body.

2011 LESI Global Award Recipient
2011 Global Award WinnerStudent entrepreneurs from Lund University, Sweden received the $5,000 Licensing Executives Society International (LESI) Global Award for their start-up company, ShieldHeart which has developed a protection device technology platform to ‘shield’ vital organs, blood vessels and nerves from ruptures and bleeding that are often associated with Negative Pressure Wound Therapy (NPWT) systems. The Global Award is presented annually, in conjunction with the LES Foundation Graduate Student Business Plan Competition, to the student team whose plan best deals with intellectual property (IP) rights and their use in the global business environment.

Runner-up Teams:

2010 Competition Results

May 21st, Boston, MA

2010 Grand Prize Winner

Silicon Solar Solutions LLC. from the University of Arkansas, USA

University of Arkansas’ Silicone Solar Solutions team won the LES Foundation 2010 International Graduate Student Business Plan Competition. The team received $10,000 and valuable in-kind prizes for their plan to bring higher-efficiency, lower-cost solar power to the world through the commercialization of a patented materials process for creating large grain polysilicon.

2010 Global Award Recipient

Encase™ Bushfire Shelters from Swinburne University, Australia

As part of the LES Foundation Competition, Swinburne University of Technology won its third consecutive $5,000 Global Award from the Licensing Executives Society International (LESI).  This year’s winning team was recognized for Encase™ Bushfire Shelters, a company that will offer a new and unique series of free-standing shelters.

Runner-up Teams:

Read More about the Finalists and Supporters.

2009 Competition Results

May 5th in Montreal, Canada

Grand Prize Winner

Pax Neuroscience, Inc. from University of Illinois at Chicago, USA

A team of graduate students from the University of Illinois Chicago Liautaud Graduate School of Business (UIC) captured first place in the 2009 LES Foundation International Graduate Student Business Plan Competition for their plan to improve treatment of Major Depressive Disorder (MDD). Read More…

LESI Global Award Recipient

Poppet International Pty Ltd. from Swinburne University of Technology, Australia

Graduate students from Swinburne University of Technology (Australia) received the Licensing Executives Society International's (LESI) prestigious Global Award for their plan to bring safe, ready-to-drink infant beverages to the globe using a revolutionary packaging system. The Global award recognizes the teams whose business plan best dealt with IP rights and their use in the global business environment. Read More…

Runner-up Teams:

2008 Competition Results

May 5th in Chicago, IL, USA

Grand Prize Winner

MicroTransponder, Inc. from University of Texas at Dallas (USA)

The winner of the 2008 LES Foundation Graduate Student Business Plan Competition was the University of Texas at Dallas for MicroTransponder, Inc., a wireless neuroprosthetics company looking to develop medical devices to repair the nervous system. Read More...

LESI Global Award Recipient

EcoRegen from Swinburne University of Technology (Australia)

Graduate Students from Swinburne University of Technology, Australia, received the Licensing Executives Society International (LESI) Global Award for their business plan to regenerate organic waste into renewable resources and organic products. The Global award recognizes the teams whose business plan best dealt with IP rights and their use in the global business environment. Read More...

Runner-up Teams:

2007 Competition Results

May 16th in Atlanta, GA, USA

Winner

Optimal Vision Corporation from University of Illinois at Chicago (USA)

Just in time to catch baby boomers reaching for their first set of reading glasses, graduate students from the University of Illinois, Chicago’s Liautaud School of Business took first prize in the 2007 Licensing Foundation Graduate Student Business Plan Competition for their plan to introduce a newly patented procedure to correct presbyopia, an age associated loss of near vision. Read More…

Runner-up Teams

2006 Competition Results

May 10th in Philadelphia, PA, USA

Winner

SanoGene Therapeutics, Inc., from University of Illinois at Chicago (USA)

Two graduate students from the University of Illinois at Chicago (UIC) took first prize in the 2006 LES Foundation Graduate Student Business Plan Competition (previously known as the Edwin A. Shallaway Graduate Student Licensing Competition) for their plan to develop groundbreaking cancer therapies using new therapeutic siRNAs (interfering pieces of RNA) that prevent tumor growth and invasion and induce cancer cell death. Read More…

Runner-up Teams

2005 Competition Results

February 9th in Denver, CO, USA)

Winner

MedGen from Stanford University

Graduate students from Stanford University won the LES Foundation’s 2005 Graduate Student Business Plan Competition for their company Med Gen and their plan to offer a new minimally invasive medical technology for cerebral aneurisms.

Runner-up Teams

2004 Competition Results

February 11th in San Francisco, CA, USA

Winner

Tangam Gaming Technology, Inc., from University of Waterloo

A team of graduate students from University of Waterloo, Ontario, Canada, won the 2004 LES Foundation Graduate Student Business Plan Competition for their company Tangam Gaming Technology which will introduce an automated system for monitoring gaming tables. The team predicts their system could save casino operators millions of dollars in decreased operating expenses and reduced fraud.

Runner-up Teams