Elegus Technologies chosen to represent U-M in two startup competitions

Shannon Beeman
March 24, 2015

Elegus Technologies has been selected to represent U-M at two of the biggest intercollegiate competitions: the Rice Business Plan Competition (April 16-18) and the Global Venture Labs Investment Competition (May 7-9). Elegus Technologies has created a lithium-ion battery separator that allows battery manufacturers to increase their energy density without compromising safety. The team, who also won a $500 Venture Shaping grant in Winter of 2014, consists of John Hennessy, Long Qian and Dan Vander Ley, all alums of the U-M Master of Entrepreneurship program.

The Rice Business Plan Competition is the world’s richest and largest graduate-level student startup competition. More than 1,200 applications are submitted and 42 teams are selected from around the world to compete for more than $1 million in cash and prizes. The competition is designed to give collegiate entrepreneurs a real-world experience to fine tune their business plans and elevator pitches to generate funding to successfully commercialize their product. This year’s competition will take place April 16-18, 2015.

The Global Venture Labs Investment Competition, which is considered the Super Bowl of Investment Competitions, is the premier world-wide investment competition and will be held May 7-9, 2015 in Austin, Texas. In addition to cash prizes, the winner receives an invitation to close the NASDAQ OMX Stock Market.