Over $1.3 million in prizes awarded in first virtual edition
HOUSTON – (June 22, 2020) – Aurign from Georgia State University in Atlanta rose to the top in the 2020 Rice Business Plan Competition (RBPC) hosted June 17-19 by the Rice Alliance for Technology and Entrepreneurship and Rice’s Jones Graduate School of Business. The annual event — held virtually for the first time this year, its 20th — is the world’s richest and largest student startup competition, with over $1.3 million in prizes announced and seven teams winning over $100,000 each this year.
An Atlanta-based startup that combines music publishing with blockchain technology won the 20th Rice Business Plan Competition, a three-day event that was postponed and held virtually this week due to the coronavirus pandemic. Aurign, a startup out of Georgia State University, won a $350,000 investment, which could increase as it works with Goose Capital, a Texas investment firm. It was one of seven finalists that competed Friday.
Rice Alliance for Technology and Entrepreneurship's annual Energy Tech Venture Day is usually hosted as a part of the Offshore Technology Conference that takes over NRG Center each May. However, when OTC announced its cancelation, Rice Alliance made sure the show would go on.
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