Revolutionary, Safe Plastics Technology Behind Best Inventor Pitch for U-Md. Bioscience Day
COLLEGE PARK, Md., Nov. 14 /PRNewswire-USNewswire/ -- A University of Maryland professor who invented a new technology enabling him to develop an infinite variety of safe, pure plastics won the attention of a group of venture capitalists and the title of "Best Inventor Pitch" at Bioscience Day 2007, held Nov. 13.
Sponsored by the university's Office of Technology Commercialization, the College of Chemical and Life Sciences, and MTECH Ventures, the "Professor Venture Fair" was a new event at the university's annual Bioscience Day and gave faculty inventors the opportunity to pitch their new technologies to a team of nine venture capitalists from Maryland and Virginia. Presenters were judged based upon clarity of pitch, commercial viability, and licensing potential. The event was hosted by Terry Chase Hazell, president and CEO of SD Nanosciences Inc., a locally based, start-up biotechnology company.
Chemistry and Biochemistry Professor Lawrence Sita won for a technology he's developed over eight years enabling him to produce pure plastic products, with no additives or as blends, in an infinite variety of forms.
"This award validates my interest to further develop this technology for commercial applications," says Sita. "Having the opportunity to vet this invention through venture capitalists is significant, as they represent field experts you are likely to do business with in the future."
Through a single catalyst and processes protected under four patents,
Sita can produce polyethylene (PE), polypropylene (PP) and other
polyolefin-based plastics from oil-derived raw materials that are 100
percent recyclable and require no chemical additives to achieve a wide
range of properties of technological importance. Both PE and PP-based
materials are also currently approved by the Food and Drug Administration
for internal and external medical us
|SOURCE Maryland Technology Enterprise Institute|
Copyright©2007 PR Newswire.
All rights reserved