Monday, April 20, 2015
Hyliion Places 3rd Overall at the Rice Business Plan Competition [PROBE]
This year's Rice Business Plan Competition winner was a wearable to help track lost children.
KiLife Tech from brought in more than $500,000 in cash prizes and services. Children wear the company's wristband, which is connected to a smartphone, and alerts parents if their kids get too far away.
The prizes were presented April 18 at a banquet at the Omni Houston Hotel that concluded the three-day event, which began April 16. This year's Rice Business Plan Competition was a little more tame than last year, . This year, around $1.5 million was given to startups by area investors, Fortune 500 company venture arms and business accelerators.
...One of the top energy companies at this year's competition was Hyliion from , which has made a hybrid module for tractor trailers that can reduce fuel costs by 30 percent...