TriFusion Devices of Texas A&M University took the top spot recently at the Rice Business Plan Competition in Houston, hauling in some $400,000. The annual face-off - based at Rice University’s Jones Graduate School of Business - just wrapped up its 16th event doling out some $1.7 million in prizes.
TriFusion Devices from Texas A&M University won nearly $400,000 in cash and prizes as the grand prize winner of the 2016 Rice Business Plan Competition.
When it comes to business plan competitions, you often hear a lot about the winners. But what of the teams that struggle?
Thomas Healy and his teammates from Carnegie Mellon University hope a 65-foot tractor-trailer will rev up the judges at this year's Rice Business Plan Competition.
Hyliion, as the entrepreneurial team from the school in Pittsburgh is known, turns diesel-guzzling tractor-trailers into hybrids by way of a new technology. A battery pack captures energy when braking or coasting downhill, and that energy is reused for acceleration. Parking the big rig at Rice University, Healy said, shows judges that their idea has evolved beyond mere concept.