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Local startup in line for Rice award

21 March 2014, 16:58

Nairobi - A Local startup, mHealth Solutions Centre, will vie for more than $1 million in prizes at the world's richest and largest student startup competition.

A brainchild of the Kenya Medical Training College and Kisii University, the firm has been selected among the 42 teams from top universities around the world to challenge for the Rice Business Plan Competition (RBPC) at Rice University's Jones Graduate School of Business in April 10-12.

The teams for this year's competition were chosen from nearly 500 entrants to compete in four categories- life sciences, information technology/web/mobile, energy/clean technology/sustainability and social ventures.

The winner will take home a grand prize valued at more than $450 000 including seed funding. More than 155 past competitors have gone on to successfully launch their ventures and are still in business today.

They have raised in excess of $844 million in funding and created more than 1 000 new jobs.

According to organizers of the competition, this year's competitors are the most diverse in the history of the competition and come from top universities around the globe, including India, Taiwan, Bangladesh, United Kingdom, Germany, Kenya, Canada and the United States.

"The true measure of success for the Rice Business Plan Competition is the number of teams that launch, raise funding and go on to succeed in their business," Brad Burke, Managing Director of the Rice Alliance for Technology and Entrepreneurship at Rice University, which hosts the RBPC, said in a statement.

mHealth strives to innovate, design, develop, roll out and market ICT solutions that address acute problems in the African health systems.

- CAJ News

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