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The finalists, whose business plan address a diverse group of issues from efficient andaffordable Web-scaler computing to early cancer detection, will be competin from their respective geographic areass and the winning team will receive a minimum seed investmengt of $250,000. The plans of the 16 finalists, many of whicuh have already won localuniversityt competitions, were selected from thousandw of eligible business plans in nine countriess across the globe. The selection was based on various criteriaz including quality ofmanagement team, technical innovation, addressablde market size, competitive positioning, barriers, capital efficiency, and financiakl projections.
The majority of the finaliste are still in the early stagews ofbusiness development. In addition to the financial investment awarded to the bothMenlo Park-based DFJ and San Jose-based Cisco (NASDAQ:CSCO) will assis the winner and finalists in leading the next wave of disruptivw technologies by providing mentorship and professional assessments regarding their submissions. Finalists hail from 15 differengt schools insix countries.
They includde two entries from Stanford Universityg and one each fromRice University, the University of Michigan, UC San Cornell University, University of Southernj California, Fudan University in China, University of Virginia's Dardenj School of Business, Moscow Institute of Physics and Technology in LBS College of Engineering in India, Universituy of Chicago's Booth School of Federal University of Rio de Janeiro in Brazil, Universityg of Maryland, Tel-Aviv University in Israel and UC Irvine.
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