Success Stories


View the 2011 Rice Business Plan Competition Success Stories  

RICE BUSINESS PLAN COMPETITION TEAMS HAVE RAISED
MORE THAN $400 MILLION IN CAPITAL FUNDING
 



Three companies have raised over $20 million each; all three are still in business.

  • Auditude (IT)
  • Semprus BioSciences (Life Science)
  • Veran Medical Technologies (Life Science)

11 companies have raised over $10 million each; 10 companies or 91% are still in business.

48 companies have raised over $1 million each; 43 companies or 89% are still in business.

99 companies have raised over $100 thousand each; 81 companies or 82% are still in business. 

SuccessStories2011_graph1  


Total Funds Raised to Date, in Millions
 

$57 million has been raised from April 1, 2011 to October 1, 2011

 



SuccessStories2011_graph2 

Since the RBPC’s inception in 2001, 354 teams have competed; of these, 133 or 37% are still in business today.  An additional 5 have exited successfully.


 133+ Successful Company Start-Ups (As of October 2011)

 


  

SuccessStories2011_graph3   Of the 354 teams, 297 or 83% have launched.  Of the companies that have launched, 133 are still in business, and 5 companies have exited successfully.

Of the 42 teams competing in 2010, 31 or 74% have launched and are in business; another 7 or 16% are planning to launch soon.

From April 2010 to April 2011, the teams representing the 2010 competition have raised over $15.4 million..
 SuccessStories2011_graph4    
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