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Success Stories



RICE BUSINESS PLAN COMPETITION TEAMS HAVE RAISED MORE THAN $600 MILLION IN CAPITAL FUNDING
 



6 companies have raised over $30 million each.  4 are still in business. The other 2 have exited successfully.

18 companies have raised over $10 million each. 17 of these companies or 94% are still in business or have exited successfully.

70 companies have raised over $1 million each. 63 of these companies or 90% are still in business or have exited successfully.

107 companies have raised $250+ thousand each. 92 of these companies or 86% are still in business or have exited successfully. 

RBPC 2013 - Total Funds Chart

Total Funds Raised to Date, in Millions - 

In the Last Year Alone, Funding Increased by 34%

 



RBPC 2013 - Successful Start-Ups Chart

Since the RBPC’s inception in 2001, 395 teams have competed.  Of these, 138 or 35% are successful companies. 129 are alive and well today. Another 9 have made successful exits.  An additional 12 teams continue to develop their technology and intend to launch soon.


 138+ Successful Company Start-Ups (Cumulative Number of Successful Companies, by Year)


 
IN THE LAST 12 MONTHS, RBPC COMPETITORS HAVE RAISED $150+ MILLION


RBPC 2013 - Percentage of Companies in Business by Industry
RBPC 2013 - Capital Funding Raised by Industry
 
Summary
Of the 395 teams, 221 or 56% have launched. Of these, 138 or 62% are still in business or have exited successfully.

Of the 42 teams competing in 2012, 20 or 48% are already in business, and another 5 or 12% are planning to launch soon. In one year, the teams representing the 2012 competition have raised almost $7 million. 14 of the companies from 2012 have already raised over $100 thousand each.

First place winners of the last 12 competitions have raised $155 million in capital funding. In other words, this 3% of the past 395 participants have raised 26% of the $600 million.

Finalists, the teams placing 1st to 6th, have raised $311 million in funding. Thus, 18% of the companies have raised 55% of all the funding.

Over 13% of the 2012 Forbes’ list of 30 Under 30 in Energy are RBPC alums. In addition to these 4 individuals, a 5th RBPC alum was on the Forbes’30 Under 30 list for 2011.
 
Acrobat Icon   View the Success Stories of Past RBPC Competitors