HOUSTON – (April 14, 2014) – The 2014 Rice Business Plan Competition (RBPC) awarded nearly $2.9 million in cash and prizes in a record number of prizes this weekend at Rice University. Medical Adhesive Revolution of RWTH Aachen University, Germany, who developed a high-strength biodegradable surgical adhesive that can be used inside the human body to seal wounds within seconds, emerged as the top startup company winning $507,500 in the world's richest and largest student startup competition held April 10-12. This is the first time an international team has won the completion and the first time two international teams finished in the top six.
BetaGlide, from the Indian Institute of Technology, Kharagur, India was awarded $1 million investment prize from the Mercury Fund. The announcement was a surprise for the team and the 800 attendees at the banquet. BetaGlide developed a one-stop destination for mobile app developers to create better and efficient apps in an intelligent way.
