Success Stories
View the 2011 Rice Business Plan Competition Success Stories
RICE BUSINESS PLAN COMPETITION TEAMS HAVE RAISED
MORE THAN $400 MILLION IN CAPITAL FUNDING
Three companies have raised over $20 million each; all three are still in business.
- Auditude (IT)
- Semprus BioSciences (Life Science)
- Veran Medical Technologies (Life Science)
11 companies have raised over $10 million each; 10 companies or 91% are still in business.
48 companies have raised over $1 million each; 43 companies or 89% are still in business.
99 companies have raised over $100 thousand each; 81 companies or 82% are still in business.
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Total Funds Raised to Date, in Millions
$57 million has been raised from April 1, 2011 to October 1, 2011
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Since the RBPC’s inception in 2001, 354 teams have competed; of these, 133 or 37% are still in business today. An additional 5 have exited successfully.
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133+ Successful Company Start-Ups (As of October 2011)
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Of the 354 teams, 297 or 83% have launched. Of the companies that have launched, 133 are still in business, and 5 companies have exited successfully.
Of the 42 teams competing in 2010, 31 or 74% have launched and are in business; another 7 or 16% are planning to launch soon.
From April 2010 to April 2011, the teams representing the 2010 competition have raised over $15.4 million.. |
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