Congratulations to the 2009 McGinnis Venture Competition Winners!

2009 McGinnis Competition Final Results:

Technology Track
Grand Prize - Carnegie Mellon University (Tepper School) - Dynamics, Inc.
Dynamics produces next-generation, interactive payment cards with programmable magnetic strips.

Second Place - Dartmouth College - mPedigree Logistics
mPedigree provides pharmaceutical companies with robust anti-counterfeit solutions appropriate for emerging markets, with added value via mobile marketing and granular supply chain oversight.

Life Science Track
Grand Prize - University of Utah - ElutInc
ElutInc is a start-up orthopedic device company that improves orthopedic surgeries and bone healing by creating implantable devices that can release (or elute) antibiotics and various drugs directly into a surgical site. Our patent-pending technology is being developed into a series of orthopedic, controlled-release surgical devices.

Second Place - University of Illinois at Chicago - Optical In-Sight
Optical In-Sight holds the exclusive rights to a light-powered retinal prosthetic, the first of its kind with the potential to restore functional sight to people blinded by end-stage, age-related macular degeneration (AMD). Optical's technology closely mimics the normal vision process, using the natural light that enters the eye to trigger the device.

Sustainable Technology Track
Grand Prize - University of Michigan - Husk
Husk Insulation is a business-to-business company that will use proprietary technology licensed from the University of Michigan to convert agricultural waste into high-grade, vacuum-insulated panels that will be sold to final-product manufacturers (initially refrigerator manufacturers).

Second Place - Queen's University - Green Gold
Green Gold will rehabilitate mine tailings from abandoned gold mines. Many of these tailings are contaminated with toxic wastes (such as mercury and arsenic) that have a terrible impact on the local environment. Green Gold will bid on government contracts to clean up the tailings by processing them through a centrifuge and concentrated leaching process. This will remove the metals and rehabilitate the mine sites. This process will also extract any residual gold and heavy metal deposits that can be used as a secondary source of revenue.

Third place - University of Virginia - Clean India LLC
Clean India provides industrial wastewater recycling and water supply services in a profitable, cost-effective, and environmentally friendly manner by utilizing algae as a water treatment vehicle. Clean India will develop a network of water purification plants across industrial cities in India and target customers in the pulp and paper, textiles, steel and engineering industries.

Elevator Pitch Winners
1st Place - Dartmouth College - mPedigree Logistics
mPedigree Logistics provides pharmaceutical companies with robust anti-counterfeit solutions appropriate for emerging markets, with added value via mobile marketing and granular supply chain oversight.

2nd Place - Carnegie Mellon University (Tepper School) - Dynamics, Inc.
Dynamics produces next-generation, interactive payment cards with programmable magnetic strips.

3rd Place - Universidad de los Andes - CareCure
CareCure offers low-cost, high-quality alternative solutions to cardiac surgery in developing countries. The first product is the DCN (Double Cone Nitinol) Device, which is a minimally invasive occluder device used to close congenital heart defects in children.

The only venture competition for MBA students that focuses on bringing new technologies to market through entrepreneurship

The McGinnis Venture Competition features three tracks: Technology, Life Science and Sustainable Technology

Please visit the Tepper School's multimedia page to hear Dr. Arthur Boni (Jones Center director) discuss the McGinnis Venture Competition.