2004 BUSINESS PLAN COMPETITION WINNERS
First Place:
Polymeric Drug Delivery Systems (PDDC) LLC
Deenu Kanjickal
Pritam Das
Dave Young
Polymeric Drug Delivery Systems (PDDC) LLC was formed in 2003 to help people who have developed intimal hyperplasia (IH). The company’s current focus is on the development of its product, PolyRing, a time-controlled, local delivery drug device. The goal of PolyRing is to reduce or eliminate the need for further surgeries caused by IH. When an individual has their first surgery to get rid of IH, a PolyRing device would be filled with a drug and clamped around an artery. PolyRing would release the medicine to the exact spot where IH would form and would prevent IH from forming again or at least slow down its recurrence.
Received $3,000
Second Place:
Tidal Gardens
Than Thein
Mike Anderson
Tidal Gardens seeks to service the saltwater aquarium industry both domestically and internationally through the aquaculture of living coral.
Received $2,000
Third Place:
Molecular Constructs LLC
Charla Hill
Ozgu Ozturk
Anthony Moraco
Molecular Constructs LLC worked with Dr. Charles Moorefield, a co-inventor on nine patents including the one under review for this company, in the development of a business that develops a new group of dendrimers, which will allow for the development of many new innovative products. Dr. Moorefield is an Associate Research Scientist at The University of Akron.
Received $1,000
Fourth Place:
Medtrite, Inc.
Tom Connor
Michael Shneider
Vivek Tomer
Using a patented technology from The University of Akron involving nitric oxide, Medtrite is a company that was established to take advantage of a variety of markets. The company has worked with Dr. Daniel Smith, Professor of Chemistry at UA, who has developed a product that can increase blood flow to any area on which it is applied. This technology can prove useful in the medical industry, in areas such as wound care, diabetic ulcer therapy, and the treatment of Female Sexual Arousal Disorder (FSAD). The domestic market potential for FSAD alone is estimated at $3 billion.
Received a Trophy
Dr. Luis Proenza, President of The University of Akron, accepts award.
Ms. Sandra Pianalto, President of the Cleveland Federal Reserve Bank, accepts award.
Dr. Todd Finkle, Director and Founder of the
Business Plan Competition offers incentive to finalists.
Sheila Sternecker from the Small Business Development Center , which is now part of
the University, enjoys a moment at the awards ceremony when a team she helped
coach won the top honors.
All pictures taken by Patti Livingstone, Palo Alto, California
Click here to read articles about the Third Annual Business Plan Competition
2003 Winners - 2004 Winners - 2005 Winners
|
