The 2006-2007 competition is the 9th annual event.
Past Competition participants have raised over $150 million in private equity financing, resulting in one IPO (ZipRealty), a $138 million acquisition and many growing businesses. Last year’s first place winner, Aurora Biofuels, has continued to advance its operations by completing an angel round, winning $25K through the Intel + UC Berkeley Innovation Technology Entrepreneurship Challenge, and finishing as runner up in the California Clean Technology Open.
Anyone affiliated with UC Berkeley can enter the competition.
One person on each team must be a UC Berkeley undergraduate, graduate, professor or alumni.
Offers workshops, hosted by participating sponsors, prior to the competition to help teams with business plan writing, intellectual property, financial modeling, etc.
Judged by a panel of participating venture capital firms, beginning in February with the Semi-final and Final rounds taking place in March and April, respectively.
The formal competition itself consists of several rounds of judging followed by a public presentation by the finalists. The winner receives $25,000, 2nd place $10,000, 3rd place $5,000, and a People’s Choice Award Recipient $5,000. Past finalists have also gained access to additional services and capital sources to help launch their venture.
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