Aqdot was awarded the Fifth Prize Award at the Rice Business Plan Competition in Houston, Texas.
After being selected out of more than 400 entries world-wide to participate amongst the final 42 teams in the final round in Houston, Aqdot went through three rounds of pitches and Q&As to more than 150 venture and angel investors and was awarded the Fifth Prize Award (US$4000) in tonight’s Gala Dinner.
Aqdot is the only non-US team in the final six this year.
The Venture Principal of Shell, Alexander Rozenfeld, presented the prize to the Aqdot team.
The Rice Business Plan Competition has been described as the Super Bowl and World Series, combined, by Fortune and CNN/Money. The world’s richest and largest business plan competition brought 42 top university teams from across the globe to pitch their new technology businesses to a record number of over 300 venture capital and investor judges. Judges evaluate the businesses based on the investment potential of the competitors’ new ventures.
More than 138 past competitors at the Rice Business Plan Competition have successfully launched their companies and are in business today or have had successful exits, and have raised more than $600 million in funding.