March 9, 2005
Technology Entrepreneurship Fellows Win over $50,000 in Awards
Technology Entrepreneurship Fellows teams win $51,000
Jones and his team developed a battery substitute that, in his words lives forever. Glasson’s team will introduce an environmentally-friendly technology that removes arsenic from waste wood products.
Both are Technology Entrepreneurship Fellows, part of a collaborative effort between the UO business and law schools, the UO Office of Technology Transfer and Pacific Northwest National Laboratories of Richland, Washington.
Clayton Jones and the UO “Perpetua” business plan team won $10,000 in prize money at the University of Cincinnati’s CinCom Spirit of Enterprise competition on Feb. 26. In addition, the UO team was awarded $1,000 for creating the top technology business plan at the competition.
Before that, they topped the $1,500 UO Quest for Adventure M.B.A. business plan contest in December and received honorable mention plus $500 at the University of San Francisco International Business Plan competition in February.
The Perpetua team traveled to Bangkok in March and took home second prize and $5,000 at the 2005 Asia Moot competition. They placed third and received $6,000 in the New Venture Championship in Portland in April.
Glasson’s team, CleanSmart, won the $10,000 first place prize in the Can Am Bowl business plan held at the University of Manitoba on March 12. They received $10,000 in Canadian dollars and $100,000 in research and consulting services from the technology incubator at the University of North Dakota in Grand Forks.
The team won first prize and $15,000 at the San Diego State Venture Challenge in March, and a $2,000 second prize at the Northwest Venture Challenge at Boise State University in Idaho in April.
Both teams have been invited to the international 2005 Moot Corp. – a kind of Super Bowl of world business plan competitions – held at the University of Texas in May. The 20-year old competition is based on the law student Moot Court model (which certainly ought to give Jones and Glasson an edge).
Clayton Jones and team members from the business school – Jed Cahill, Jon Hofmeister, Lars Juel, and Mason Adair – have developed the Perpetua “Harvester”, a battery substitute that generates electricity using naturally occurring differences in temperature and offers an extremely long-life power source for small devices. In its business plan, Perpetua focused on markets in which the total cost of battery ownership is exceptionally high.
Jones, who has a background in biotechnology, engineering, and business is working on a joint J.D./M.B.A. degree at the UO. He said, The Perpetua Harvester will initially be installed in wireless sensor networks monitoring the structural health of bridges and pipelines throughout the United States. From there, the possibilities are limited only by the imagination.
Jones is interested in entrepreneurship and business law and plans a legal career working primarily with start-up and emerging growth companies.
Will Glasson and his teammates from the business school, David Grove and Eric Brunsvold, are addressing the problem of lumber pressure-treated with chromate copper arsenic (CCA). Used in decks, fences and the like, pressure-treated lumber all over the world is decaying at a fast rate and entering land fills. It’s a huge environmental problem, Glasson says, The amount of arsenic contained in the predicted future volume of treated waste wood is enough to kill everyone on this planet.
The team claims benefits to waste management customers include lower costs, greatly reduced liability, and a vehicle for being more environmentally responsible.
CleanSmart’s market entry is focused upon Norway, and then the European Union, where CCA is classified as hazardous waste with restricted use and disposal and where companies already pay for cleanup. The team projects that revenue will be based on treatment services, reselling component materials and consulting.
Glasson is interested in corporate transactional work and wants to nurture technology ventures that offer an alternative to harmful or unsustainable industrial practices. He said I would love to be one of the people who make Oregon the next technology small business stronghold!
Technology Entrepreneurship Fellows
The Law School’s Center for Law and Entrepreneurship (CLE) partnered with the business school’s Lundquist Center for Entrepreneurship and the Pacific Northwest National Laboratories (PNNL) in this four-year old initiative in which teams of law and business students evaluate, develop, finance and launch high-tech start up businesses.
Law professor Barbara Aldave, who co-designed the TEF program, said, It immerses our students in all of the challenges- and frustrations of transforming a raw technology into a market-ready business opportunity.
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