The first prize in the competition is NIS 50
Avi Blizovsky
The entrepreneurship award will be distributed on Sunday, June 25, at the Technion. Ten teams advanced to the final stage of the "BizTech" competition, the first of its kind in Israel, organized by the initiative of the Entrepreneurship Forum at the Technion. Among the initiatives that made it to the finals - an ultrasound device for introducing an anti-fungal drug into nails, tissue glue, a tiny projector for an MP4 device and a detector for bio-terrorism, which works as a smoke detector and detects the dispersion of biological substances in public places.
About one hundred original executive summaries were submitted to the competition. The ten teams that were announced as finalists were closely accompanied by senior Israeli business leaders in the construction and writing of a complete business plan. The forum raised the funding and sponsorship to run the competition from high-tech companies, venture capital funds, patent offices, technology incubators and business entities. The three winning programs in the competition will be awarded three cash prizes, with the best program receiving NIS 50. The competition is based on an idea that originated in the USA, where such competitions are practiced at leading universities such as MIT, Berkeley and Harvard. Companies that won these competitions are currently valued at $10.5 billion, and have contributed greatly to the US economy.
They knew industrial research and development in Israel
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