| Overall Rating | Silver - expired |
|---|---|
| Overall Score | 58.49 |
| Liaison | Richard Johnson |
| Submission Date | Nov. 11, 2014 |
| Executive Letter | Download |
Rice University
IN-1: Innovation 1
| Status | Score | Responsible Party |
|---|---|---|
|
1.00 / 1.00 |
Title or keywords related to the innovative policy, practice, program, or outcome:
A brief description of the innovative policy, practice, program, or outcome :
The Rice Alliance for Technology and Entrepreneurship is a nationally-recognized initiative that is devoted to providing funding and support to the “support of technology commercialization, entrepreneurship education, and the launch of technology companies.” The Rice Alliance has hosted more than 125 events since its inception in 2000. Through funding and support from Rice Alliance, more than 250 start-ups have been able to raise over $500 million. Many of these companies include green tech startups or sustainable initiatives. EcoLight and Power2Switch were two green tech, sustainable startups that were funded by the Rice Alliance Business Plan Competition. Each company is still in operation today, both having been sold in 2013.
In addition to the business plan competition, Rice Alliance hosts forums and events from leaders in sustainable topics. Included among the events are the “Annual Energy and Clean Technology Venture Forum” and the “Annual Nanotechnology and Sustainability Venture Forum.” These events serve the entrepreneurial community by offering investor panels as well as leaders in industry. The events attract investors, business leaders and innovators in their respective fields to network, meet investors and potential customers, as well as secure funding for existing projects.
A brief description of any positive measurable outcomes associated with the innovation (if not reported above):
In the Business Plan Competition alone, teams have raised more than $244 million last year alone. More than 437 teams have competed since the first competition in 2001 and 11 of them have exited at an estimated market value of over $220 million.
A letter of affirmation from an individual with relevant expertise:
Which of the following STARS subcategories does the innovation most closely relate to? (Select all that apply up to a maximum of 5):
| Yes or No | |
| Curriculum | Yes |
| Research | Yes |
| Campus Engagement | --- |
| Public Engagement | Yes |
| Air & Climate | --- |
| Buildings | --- |
| Dining Services | --- |
| Energy | --- |
| Grounds | --- |
| Purchasing | --- |
| Transportation | --- |
| Waste | --- |
| Water | --- |
| Coordination, Planning & Governance | --- |
| Diversity & Affordability | --- |
| Health, Wellbeing & Work | --- |
| Investment | --- |
Other topic(s) that the innovation relates to that are not listed above:
The website URL where information about the innovation is available :
Data source(s) and notes about the submission:
The information presented here is self-reported. While AASHE staff review portions of all STARS reports and institutions are welcome to seek additional forms of review, the data in STARS reports are not verified by AASHE. If you believe any of this information is erroneous or inconsistent with credit criteria, please review the process for inquiring about the information reported by an institution or simply email your inquiry to stars@aashe.org.