Global Venture Labs Investment Competition at the University of Texas at Austin: NuMat Wins
Are young entrepreneurs out to change the world? That was the impression I got last month when I served as a judge at the Global Venture Labs Investment Competition at the University of Texas at Austin. This was my first time at the Venture Labs competition, where 37 teams from 13 countries (the United States, Canada, Australia, Brazil, Canada, China, Colombia, France, Germany, Mexico, Norway, Singapore and Thailand) competed for a prize package worth $135,000. This was the 29th annual competition. Grand prize winner NuMat Technologies, which hails from Northwestern University in Illinois, is a clean energy company that designs and creates high-performance materials to store clean fuels and produce them on a large scale for industry.