BetaGlide awarded with a $1 Mn prize from Houston-based Mercury Fund
BetaGlide, a startup of IIT Kharagpur Student has recently won the Mercury Fund Tech Transfer Prize via the Rice Business Plan competition (RBPC). The RBPC is a global student startup competition held by Rice University, Houston. The competition was held for the 14th consecutive year in 2014 and has had over 42 teams participating from across the world.
BetaGlide first pitched at TiE Kolkata, where they won first prize and followed it up by winning Asia finals in Delhi earlier this year. This qualified them to compete at the RBPC, which took place last week in Houston, Texas. Leading US investors and angels attended the event.
Ashok Rao, Chairman of TiE Global, who also happens to be a Trustee of the Jones School of Business at Rice University along with a few other TiE Members will be investing in BetaGlide.
After winning the Tech Transfer Investment Prize of a million dollar payoff cofounder Amritanshu Anand comments, “It has been really a wonderful journey.We are really excited to have some of the TiE members including Ashok, Praveen and Vikas on-board in the next round”.