October 14, 2008
Three Bioengineering PhD students, Adam Mendelsohn, Lily Peng and Kayte Fisher, and UC Berkeley 2008 MBA candidate Stephen Dugan, took home the 1st prize at the 2008 UC Berkeley Business Plan Competition this May.
Their entry, Titan Medical, tied for first place with new search technology provider Implicit Interfaces at the 10th annual UC Competition at the Haas School of Business.
Titan Medical uses nanotechnology to create a high-precision, low-cost system to deliver therapeutic treatments for chronic diseases. The system, called NanoFlow, allows drugs to enter the blood stream at a steady rate in very low doses, cutting down on side effects.
The two winning teams share the $25,000 first prize and $10,000 second prize, with each team receiving half of the $35,000 total.
The same business plan team working together as Nano Precision Medical won $10,000 in funding, on-campus workspace, supplies worth two grand, and coveted mentor and networking opportunities at the high stakes Venture Lab Competition in October.
Nano Precision Medical, formed by Adam, Kayte, and Lily took the prize for their constant-rate drug delivery device. They were competing against 58 teams of entrepreneurs who applied for the Venture Lab Competition sponsored by the Center for Entrepreneurship and Technology (CET) and the Management of Technology (MOT) Program.
Congratulations Adam, Kayte and Lily!
To read more go to Engineering News