News

May 02, 2011

Syracuse Companies Cash In At Albany Business Plan Competition

By: by Kevin Tampone, Binghamton Business Journal

Source:

A Syracuse company developing ultraviolet technology to sterilize medical equipment won $50,000 in a business plan competition in Albany on Thursday.  

Helios, launched by Syracuse University students, won the $40,000 grand prize in the New York State Business Plan Competition at the College of Nanoscale Science and Engineering (CNSE) of the University at Albany. The company also received $10,000 for winning the contest's health-care track.

Another company launched by Syracuse University students, Broodr.com, won $10,000 in the competition's services and nonprofit track. Broodr is an aggregated marketplace for unique products, designs, and inventions, according to CNSE.

More than 20 student-led teams from across New York participated in the competition, which awarded a total of more than $100,000 in prize money.

"The New York State Business Plan Competition serves as a focal point for our recent efforts to promote student entrepreneurship and to use our new School of Business Building as the catalyst for effective commercialization of ideas and intellectual property developed at the university," University at Albany School of Business Dean Donald Siegel said in a news release.