The success of the Houston based Rice Alliance for Technology and Entrepreneurship is based on its positioning as an avant-garde community, says Angela Moretti.
Funds flowing into Rice University’s technology research, education and outreach initiatives have more than doubled since the alliance’s 1999 formation as a cooperative effort among the schools of engineering, natural sciences and business. See:
The alliance’s membership structure and competitions stand out. They include the annual “battles” of business plans (recently featured in Fortune magazine: http://money.cnn.com/galleries/2010/smallbusiness/1005/gallery.rice_business_plan.fortune/index.html); and quarterly forums with competitions for most promising ventures.
The Rice Alliance is an avant-garde community that actively promotes new research concepts and the marshalling of resources to pursue business opportunities, regardless of source. The actively sponsored and organized competitions include extensive feedback and follow-ups that drive toward overall improvement of ideas and better commercialization.
These competitions, which are open to all, not only draw investors and benefit the winners; they also create a strong sense of community where participants feel valued contributing to the advancement of research and business in Houston.
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