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Business Plan Presentations: MIT $100K Finalists

Thu Jun 22, 2006 5:00 PM

 

 

What do a flying car, a secure RFID technology, and cheaper cleaner titanium all have in common?

 

They just won the esteemed MIT $100K business plan competition! And they are looking for funding…

 

Join us on Thursday, June 22nd and meet with these extraordinary companies, gain an understanding of their ground-breaking technologies, and learn more about their potential investment opportunities.

 

These start-ups follow in the esteemed tradition of some the most innovative and successful start-ups in recent years as winners of MIT’s $100K Entrepreneurship Competition. “The Competition has facilitated the birth of over 60 companies with an aggregate value of over $10.5 billion dollars. These companies have generated over 1800 jobs and received $175 million dollars in Venture Capital funding. Recent IPOs have included Akamai (AKAM), net.Genesis(NTG), and C-Bridge Internet Solutions (CBIS). Recent acquisitions include Direct Hit (acquired by Ask Jeeves), Silicon Spice (by Broadcom), WebLine Communications (Cisco).”[1]

 

 

DATE:

Thursday, June 22, 2006

TIME:

5:00pm: Cocktails & Networking
5:30pm: Presentations
6:00pm: Cocktails & Networking

PLACE:

Fish & Richardson P.C.
153 East 53rd Street, 52nd Floor
New York, New York 10022

PRICE:

Free to members of MIT Enterprise Forum of NYC
$50 non-members, $10 extra at door
All members and guests are welcome

 

Companies Presenting Include:

 

Terrafugia

 Picture

Terrafugia is poised to spark the next major transportation revolution with the Transition Personal Air Vehicle (PAV). The Transition is a multi-functional PAV that can drive on any surface road, take to the air from most local airports, and park in a household garage. In addition to increasing personal freedom and mobility, the Transition will be the most economical form of transportation for trips between 100 and 500 miles. For those who value their time, the Transition beats traditional personal aircraft and very light jets (VLJs), as well as commercial airlines and the automobile. Not only is the Transition economically preferable to own, but by taking advantage of the new Light Sport suite of FAA regulations, the Transition will also be easier to fly. Imagine being able to go from your home to your weekend golfing retreat or your out-of-state board meeting completely on your schedule, without having to change vehicles or sit in traffic, and know that you are actually saving money by doing so. That scenario will be a fact of life for anyone who owns a Transition. Contact: www.terrafugia.com or .

 

Avanti Metals Corporation

Prof. Sadoway of MIT has for the first time successfully produced titanium using a one-step, continuous process. Avanti Metals Corporation will use the “Sadoway process” to produce titanium ingot at 1/10th of the current price, use of the current capital and produce 1/100th of the hazardous waste and pollution. The current process, called the Kroll process, is a multi-step, batch process that also produces dioxin by-products. These dioxin by-products create a barrier to increasing capacity in the U.S., E.U. and Japan due to environmental regulations. Because of this, titanium ingot has increased from $7/lb to over$25/lb in just one year.  By 2010, the aerospace industry will need an additional 37,000 tons of titanium capacity. Avanti Metals Corporation will be able to meet this supply shortfall by integrating the proprietary Sadoway process into environmentally-friendly mini mills by 2009.


QuantumID

QuantumID Corp serves the needs of customers who plan to implement RFID technology to leverage their business needs, but are limited by current passive RFID technology. We provide solutions to the exigent problems of security, privacy, and authentication, the need for dynamic memory updates, aggregation of data, through use of innovative tags and readers developed using QuantumID technology. Our solution provides all the benefits offered by an Active RFID technology but without the need for batteries on the tag. Our solution is directly compatible with de-facto standards, e.g. EPCGlobal, and can be directly integrated in existing RFID infrastructure. QuantumID technology is developed by Dr. Rory OConnor at MIT. The technology enables active RFID functionality by harvesting power through beamed energy (light), and incorporating an innovative free-space-optical (FSO) communications scheme. Initial results from a prototype provide a 100X functionality, compared to passive RFID tags, at a fraction of cost compared to current active RFID tags. Applications such as authentication, anti-counterfeiting, and pharmaceutical pedigree require line of sight interrogation and are well suited to use of QuantumID technology. We are in the advanced stage of applying for provisional patents.

Piffany

With today's search engines, a nine-year-old gets the same matches as a 29-year-old. Our context-aware, patent-pending search engine, Piffany, remedies this, bringing the full potential of the Internet to children. And for young adults, it eliminates the need to sift through 'googols' of inappropriate matches. For advertisers, Piffany delivers advertisements to the intended target audience. Piffany combines the power and success of sites like Napster, Apple, and Wikipedia with that of search engines like Google and Yahoo. Contact: www.piffany.com 

 

 

 
 

Fish and Richardson P.C.

 

 

[1] http://www.mit50k.net/about/

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This is a service of the MIT Enterprise Forum of New York City.
Copyright 2006 All rights reserved

 

 



Location: Fish & Richardson P.C., 153 East 53rd Street, 52nd Floor, NY

For more information:

Contact: Carlos Garcia
Phone: 646-335-3460
Email: 

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