NASA Awards $80,000 in Rice Alliance Business Plan Competition

April 30, 2009

HOUSTON, April 30 /PRNewswire-USNewswire/ — The Johnson Space Center Innovation Partnerships Office in conjunction with JSC’s Space Life Sciences Directorate (SLSD) and Engineering Directorate presented four awards — $80,000 in total prize money — as part of the 2009 Rice Business Plan Competition. Each company was awarded $20,000.

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Receiving NASA engineering prize money was E&M Devices for its plan to develop a miniature, wireless sensor package that harnesses its power needs from the vibrations on its mounting location. “There is a potential for widespread commercial and NASA applicability due to its weight savings, long life span, zero maintenance and independence from external power needs,” said Steve Altemus, director of engineering at JSC.

Receiving the second award was Next Ray for its plan to develop a new X-ray technology named Diffraction Enhanced Imaging. This technology produces high-resolution X-ray images at lower energy levels and has potential use as a non-destructive evaluation system for failure analysis on future spaceflight hardware.

Prize money also was given to Troy Research for its technology pursuing a solution to simplify water purification in space applications. The technology uses Deep Ultraviolet Radiation Light Emitting Diodes, a simple, low-power solid state technology that could potentially alter the water purification process for lunar and Mars excursions.

Integrated Diagnostics received an award for its work designing HemaScreen, which is a clinical assay using integrated circuit technology that has the potential to perform multiple immunoassay tests within minutes. “This technology has the potential to provide very sophisticated laboratory analysis and greatly reduce the needs to return laboratory samples to the Earth. The flight crews would have greater autonomy in providing health care in orbit,” said Dr. Jeff Davis, director of JSC’s SLSD.

“Small business innovation is critical to the success of NASA programs. NASA believes it is important to build upon and to capitalize on the entrepreneurial spirit of Americans to achieve great things for our country,” said Michele Brekke, director of the JSC Innovation Partnerships Office.

This is the second year for the JSC Innovation Partnerships Office and Space Life Sciences Directorate to be part of the Rice Business Plan Competition, and the first year for JSC’s Engineering Directorate to offer prize money.

The Rice Business Plan Competition is a three-day event intended to simulate the real-world process of entrepreneurs soliciting start-up funds from early stage investors and venture capital firms.

The 2009 Rice Business Plan Competition will award $800,000 in cash and prizes. The Grand Prize package is worth more than $325,000.

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Source: newswire

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