Nano-materials firm wins business plan competition

from the business-plans dept.
An Anonymous Coward posted this press release:

"Nanocs International Places First in NYU Stern's "Maximum Exposure" Business Plan Competition
New York, NY – April 30, 2001 – Nanocs International placed first out of nine finalist teams in a competitive pitch-off that concluded this year's Maximum Exposure Business Plan Competition, sponsored by the Berkley Center for Entrepreneurial Studies and the Entrepreneurs' Exchange student club at New York University Stern School of Business."

Read more for the rest of the press release. "Nanocs is a newly formed start-up company that utilizes nanotechnology, an innovative technology capable of controlling the structure of matter on a molecule-by-molecule basis. One application of nanotechnology is the use of carbon nanotubes to develop ultra-light, high-strength conductive materials. These materials can be used in a wide array of applications, such as in the aerospace and automobile industries, and in batteries and electronics. Nanocs' patent pending technologies allow for the mass production of carbon nanotubes at a considerable cost savings as compared to other manufacturers.

As a result of a substantial cash award established through the generosity of Ira Leon Rennert, Chairman of the Renco Group, Inc. and a member of NYU Stern's Board of Overseers, Nanocs team will receive $30,000 and in-kind consulting and technology build-out services provided by IBM, the lead sponsor of the competition.

Judges for this year's Maximum Exposure Business Plan Competition included a group of top-notch venture capitalists and entrepreneurs who chose the top three winners based on innovative ideas, coupled with sound, potentially profitable business models. This competition was also made possible due to the support of several sponsors, including acceleratorgroup;; FireRed; GasPedal Ventures; Grand Central Holdings; Harmon Designs; Laud Group; MBA Plans; Moore Capital Management; Pennell Venture Partners; The Price Institute; Primedia Ventures; Safeguard Scientific; Silicon Alley Venture Partners; Strook, Strook & Lavan; and TechSpace Xchange, LLC."

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