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Heinlein Commercial Space Activity
Prize Awarded to the University of Arkansas

April 22, 2010

Houston, Texas

Rice Alliance

The winner of this year’s $15,000 Heinlein Commercial Space Activity Award was BiologicsMD from the University of Arkansas. They are commercializing a new drug to treat osteoporosis that builds bones better than current alternatives.

As part of its ongoing mission to encourage and advance commercial space activities, The Robert A. and Virginia Heinlein Prize Trust, had underwritten the $15,000 prize as part of the Rice Business Plan Competition.

Heinlein Commercial Space Activity AwardBiologicMD, LLC has developed OsteoFlor™, a new medication that builds better bones.  It binds directly to bone, nearly tripling new bone growth.  It requires less frequent dosing and is expected to have few, if any, side effects. The grand prize winning team won a total of more than $400,000 it prizes.

The Rice University Business Plan Competition (RBPC) has become the premier intercollegiate business plan competition in the world. Forty-two teams from top MBA programs around the world, including seven international teams, have been selected to compete at the 2010 Rice Business Plan Competition. The competition will host the teams at Rice University in Houston from April 15 – 17, 2010. At the awards banquet a total of $1 Million in prizes will be awarded to the best teams. The Competition is hosted by the Rice Alliance for Technology and Entrepreneurship and Jesse H. Jones Graduate School of Business at Rice University.

This is the second year of sponsorship by The Heinlein Prize Trust in this competition. Last year the winning team in the area of microgravity research was the Division of Nanomedicine of the University of Texas Health Science Center at Houston, for a proposal on “Decoupling Diffusive Transport Phenomena in Microgravity.” Read More...

The Rice Alliance for Technology and Entrepreneurship is Rice University's flagship initiative devoted to the support of entrepreneurship. The Rice Alliance's mission is to provide entrepreneurship education and to support the commercialization of technology innovations and the creation of new companies in the Texas and Houston region. Since its inception in 1999, the Rice Alliance has assisted in the launch of more than 230 new technology companies, which have raised more than half a billion dollars in early stage funding. Of these, approximately 30 companies have been launched based on technology developed by Rice faculty and researchers and licensed from the Rice Office of Technology Transfer.

Heinlein Commercial Space Activity AwardThe Jesse H. Jones Graduate School of Business at Rice University is one of the world's leading business schools. Founded in 1974, it is already among the top ten percent of business schools.

The mission of the Jones School is to educate business leaders. The Jones School is one of two business schools that require every student to work with real businesses as part of their education. And the MBA communications program is an integral part of the two years of education.

The Heinlein Prize Trust believes in the optimistic, forward-looking view that the future of the human race lies in expanding into space, and believes that goal can be achieved through private space ventures. The Heinlein Prize Trust is focused on practical commercial advancements that produce substantive results in the area of space enterprise. The Heinlein Prize Trust honors the memory of Robert A. Heinlein, renowned American author, and his wife Virginia, who were strong advocates of human advancement into space through commercial endeavors. The mission of the Heinlein Prize is to encourage and reward progress in commercial space activities which advance their dream of humanity's future in space.

 

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