MIT $50K Entrepreneurship Winners

The winners are:

The 2005 50K Competition winner: Balico
Balico will develop and commercialize a wearable vibrotactile balance aid that accurately senses and displays body tilt in order to help prevent falls.

Two runners up: Nanocell Power & Vacuum Excavation
Nanocell Power’s technology enables the viability of fuel cells for portable electronics today and paves the way for tomorrow’s automotive fuel cell market. Our patented manufacturing process provides more efficient distribution of expensive catalyst and carbon nanofibers in the fuel cell membrane. This can decrease the size of fuel cells in portable electronics by 80%, increase the power output of military fuel cells by 400%, or cut the cost of automotive fuel cells to 20% that of today’s technology.

The top ten feet of soil are densely packed with utility wires, gas mains and sewer pipes whose location is often poorly mapped. Excavation with traditional backhoes damages utilities and puts operators at risk for catastrophic injury. Vacuum Excavation Technologies offers a new excavation device that works with existing machinery to enable efficient operation without risk to utilities or operators.

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