12 Dec
Husk Power Systems Became the winner of the World Student’s Competition of Business plans
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The fund of venture capital DFJ and Cisco will be given out to it by 250.000 dollars for working out of new alternative energy sources
Leading world fund of venture capital Draper Fisher Jurvetson (DFJ) and Cisco declared company-startap Husk Power Systems the winner of the first world student's competition of business plans. Husk Power Systems projects and maintains the tiny power stations extracting an electricity from a rice peel for remote Indian villages where there are no electric networks. Husk Power Systems will receive from DFJ and Cisco the starting capital at a rate of 250.000 US dollars which will help it to leave on a new stage of development. Besides, the winner of competition and all finalists will receive from DFJ and Cisco the help in working out of a new wave of revolutionary technologies. The help will consist in business preceptorship and a professional estimation of the presented plans.
On the competition which has become by first international this sort of competition, have been submitted several thousand the business plans made by students of universities and business schools from all states where work DFJ and Cisco. Selection was made by such criteria, as quality of operating group, level of technical innovation, the size of the addressed market, competitiveness, efficiency of use of the capital and financial prospects. 16 student's commands have got to the ending from Brazil, Israel, India, China, Russia and the USA. On June, 30th by means of technology Cisco TelePresence ™, making full impression of presence of interlocutors in one virtual room, they, without leaving the places of residing, by turns protected the business plans before jury as a part of skilled investors from DFJ and partner funds DFJ, and also heads of department of corporate development Cisco which were in San Jose (State of California).
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