Posted: May 2, 2008

Nanotechnology firm wins University of Hawaii business plan competition

(Nanowerk News) A nanotechnology firm won first place in the University of Hawaii's annual business plan competition.
NanoGreen Inc. will receive a total of $40,000 -- $20,000 for winning the competition and an additional $20,000 technology prize from the university's Office of Technology Transfer and Economic Development. Team members Donavan Kealoha, Mehrdad Nejhad, Richard Russ, Lee Taylor and Atul Tiwari created a company to specialize in nanotechnology research and development. Nanotechnology involves manipulating materials at their atomic and molecular levels.
Second place went to Sim Training Hawaii, a business that provides simulation training for the medical field. Team members Eileen Beamis, Benjamin Berg, Lawrence Burgess, Takuya Inoue and Kathleen Kihmm Connolly will receive a $10,000 prize.
ProActive Carbon came in third and will receive a $5,000 prize. Team members Vadim Kostyukhin, Keith Sakuda and Jim Vlahos created a company that uses a method called flash carbonization to dispose of biofuel and agricultural biowaste.
ProActive Carbon also will receive a $5,000 sustainability prize from Hawaiian Electric Co.
The competition is run by the Pacific Asian Center for Entrepreneurship and E-Business, part of UH's Shidler College of Business. To participate, teams must include at least one UH student.
Source: Pacific Business News
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