Fast Company's expert blogger, Alice Korngold, came to us and our funder, The Lemelson Foundation, looking to explore how companies emerge from university environments. Read her perspective on NCIIA's 'company development' model and three student-led companies that we've supported.
MassChallenge has awarded OsmoPure, an NCIIA E-Team, one of its four $100,000 prizes. The announcement was made Thursday evening.
OsmoPure, from Rennselaer Polytechnic Institute, is developing a low-cost water purification device for developing countries based on simple membrane filtration technology. The team showcased the invention at NCIIA's student innovation showcase in San Francisco earlier this year.
The MassChallenge 2010 competition, which seeks to identify and accelerate high potential new busnesses from around the US, has announced its finalists - including2007 NCIIA E-Team Sproxil (pictured) and 2010 E-Team OsmoPure. The 110 finalists are vying for 20 winning spots, and a share of $1 million. The winners will be announced October 21. Read more about MassChallenge.
A growing number of NCIIA's student grantees and innovators are going on to become social entrepreneurs. In her article in Good Magazine, Grants Manager Jennifer Keller Jackson talks about this trend, indicators for success, and what we can do to support these students.
This E-Team is developing OsmoPure, a low-cost water purification device for developing countries based on simple membrane filtration technology. While there are a number of water filtration devices being marketed to the poor, many of them don’t work in murky water (they get easily clogged), often require a large energy input in order to work (e.g., hand pumping), and fail to remove all contaminants. OsmoPure is a compact, cartridge-based, multi-stage water purification system. To produce potable water, the user fills a plastic bottle with dirty water, screws on the purifier like you would screw on a cap and squeezes the bottle to dispense clean water. When the filter looks dirty, the user simply shakes the fluid inside to remove debris. The purifiers are meant for plastic bottles that exist currently as rubbish in the target areas, cutting production and distribution costs and creating an environmentally friendly solution to the global water crisis.