University Startup Company Wins Competition for Nanotechnology-Based Healthcare Solution

Helios, a Syracuse University startup company, has won the $100,000 New York State Business Plan Competition held at the College of Nanoscale Science and Engineering (CNSE) of the University at Albany on April 28, for a technology that can be applied in healthcare.

The event was hosted by CNSE in partnership with UAlbany’s School of Business, the Lally School of Management and Technology at Rensselaer, and Union Graduate College School of Management.

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Participants included the New York higher education institutions such as CNSE, UAlbany, RPI, Syracuse University, Columbia University, University of Rochester, Rochester Institute of Technology, Cornell University and Clarkson University. Helios developed the UV engineering technology that can be used to sterilize healthcare instruments. The team received the grand prize of $40,000 and $10,000 for the health care track.

RadLab (Nanotechnology), comprising Columbia University’s students developed a cost -efficient platform to address the excess radiator heating systems, MICROrganic Technologies (Cleantech/Sustainability), comprising RPI students who want to market a microbial fuel cell to be used in wastewater treatment, and Broodr.com (Services/Non-profit), comprising Syracuse University students who developed a marketplace for products, prototypes and inventions received individual cash prizes sponsored by SEFCU. The competition was judged by a panel of 20 judges from organizations representing technology, legal and financial sectors.

According to the Dean of UAlbany School of Business, Donald S. Siegel, the competition was a platform to showcase and promote student business acumen and encourage marketing of concepts and intellectual property developed by the students. Students from across New York submitted business ideas for solutions to the existing requirements. The event encouraged students from different fields to share the same platform and explore business possibilities.