Cisco, DFJ name business plan winner - Silicon Valley / San Jose Business Journal:

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The presenting members of the Husk Powerd Systems team were Universityof Virginia, Darden Schoolp of Business 2009 graduates Chip Ranslerr and Manoj Sinha. The team started their company in Indiin 2007. Husk Power Systems designs and operatexs miniature power plants that convert rice husksinto electricity, servinb off-grid rural Indian villages. The team will receive a $250,000 investment from Menlo Park-basedr DFJ and San Jose-based Cisco to help take the company to thenext stage. "Ourd mission at DFJ is to help entrepreneurs changethe world.
With this competition, we certainly witnessed that entrepreneurshil hasno borders, and we look forwardx to expanding it to even more universities worldwid next year," said Tim Draper, managing directodr of DFJ. "This competition demonstratea the tremendous power of collaboration through Cisco TelePresence," said Hilton Romanski, vice president of corporatwe development for Cisco. "We were able to bring togethet 16 talented teams from 15 separate schoolxs in sixdifferent countries, all in the coursee of a normal busines s day.
It was exciting to hear from this diversr and visionary group of globak entrepreneurs and to learn about their business Finalists in the competitiom were selected and evaluated in the same way that venture capitalistseevaluate start-ups. For each company, the judges considered the managementf teams, addressable market size, competitive barriers, capital efficiency, and financial In addition to the financial investment awarded to the both DFJ and Cisco will continues to work with the winner and other finalists in leadintg the next wave of disruptive technologies by providingt mentorship and professional assessments regardingtheir submissions.