A team led by a UB doctoral student took first place on
NanoHydroChem is a research and development company with a patent-pending technology for a significantly safer and more effective method to produce hydrogen fuel from water to generate power from fuel cells. Fuel cells offer significantly more power per unit weight and unit volume than the best batteries, but their biggest problem is hydrogen storage. The company's unique technology allows them to produce hydrogen on demand.
“This process helped me to put our technology in a business context,” says Rohani, co-founder and technology leader for the company. “We learned how important it is for us to put a prototype in the hands of customers as soon as possible to test our value proposition and validate our assumptions.”
Rohani says fuel cell companies and system integrators will be the company's first customers and believes the military will be an early adopter.
In-kind awards for the winning team include legal services from
The second-place team,
All finalists will be offered co-working space in dig, located in the Thomas R. Beecher Jr. Innovation Center.
Pared down from 33 first-round pitches, five teams of finalists delivered 10-minute presentations at
Other new venture ideas included an application that connects users with available storage space for their short- and medium-term storage needs; a platform that provides automated, real-time patient tracking and surgical staff notification tools to streamline the perioperative procedure; and a cloud-based application used to capture and preserve a family's oral history.
Serving as judges for the final event were
Now in its 17th year, Panasci TEC was created by the
Panasci TEC provided coaching and mentoring to participants to prepare them for their pitches. In addition, both winning teams and several other participants took advantage of the burgeoning entrepreneurship ecosystem at UB, through such innovative opportunities as the Blackstone LaunchPad at UB, a campus-based entrepreneurship program that supports and mentors students, staff and alumni, and the eLab, a hands-on, 3-credit course that helps develop skills needed to launch a new venture.
Hosted by the