NanoMark Therapeutics, a business created by University of Louisville Entrepreneurship MBA students, won the 2010 New Venture Championship.The business plan competition was held over the weekend in Portland by the Charles H. Lundquist Center for Entrepreneurship at the University of Oregon.
Members of the NanoMark team are: Dr. Sham Kakar, David Noack, Viji Sundar, Dr. Gary Degen and Cohin Kakar.
NanoMark won the $25,000 first prize for its development of AUra, a patented drug that reduces the amount of chemotherapy required to treat ovarian cancer. It is based on research and product development conducted by Kakar.
The drug attacks only cancer cells, minimizing or eliminating damage to healthy cells.
NanoMark competed against 20 teams of graduate students from universities around the world, according to a news release from the University of Oregon.
The team’s win last month at the 2010 McGinnis Venture Competition at Carnegie Mellon University in Pittsburgh qualified it for a spot in the 2010 Moot Corp. competition at the University of Texas in Austin. That event is billed as the “Super Bowl” for business plan competitions.
Because NanoMark already had earned a berth in the Moot competition, the second place team in the New Venture Championship, the Mosaic Genetics team from the University of Oregon, was awarded a spot in the Moot competition.
Third place in the Oregon competition went to Green Valley Solar from the University of Arkansas.
Additional information about the New Venture Championship can be found at www.oregonnvc.com.