Ninth Award at Leading Venture Contest Makes Carnegie Mellon 'Winningest'
PITTSBURGH, May 6 /PRNewswire/ -- For the ninth time, a team of students from the Tepper School of Business at Carnegie Mellon have landed the top prize this past weekend at leading business plan competition Moot Corp(R). This year's winning venture business -- NeuroBank -- has developed a breakthrough proprietary technology to extract and preserve adult neural stem cells. Tepper beat out 37 other teams from leading business schools and universities worldwide, also earning the title as the winningest school since the contest's founding.
The winning team consisted of Tepper MBA candidate Raymond Sekula, M.D., and Sasha Bakhru, a Ph.D. candidate at the Carnegie Mellon College of Engineering. The team was advised by S. Thomas Emerson, David T. and Lindsay J. Morgenthaler Professor of Entrepreneurship.
NeuroBank has developed cutting-edge technology to harvest, isolate, expand and store neurologic stem cells from cerebrospinal fluid, a clear bodily fluid around and inside the brain. NeuroBank's technology allows minimally invasive extraction, isolation, expansion and cryopreservation of these stem cells and supports efforts to expand their use in developing treatments for Alzheimer's disease, stroke or traumatic brain injury, among others. In addition, the technology will allow patients to store healthy neural stem cells today to receive cutting-edge treatments for diseases they might develop later in life.
As the winner of this year's Moot Corp(R) contest, NeuroBank will
receive a generous prize package valued at $100,000, including $25,000 in
cash; one year of strategic business consulting and mentoring; prosecution
of the first American patent by Ropes & Gray;
|SOURCE Tepper School of Business at Carnegie Mellon|
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