May 26, 2006

Reproduction Right!

Precision Reproduction, a company commercializing a patented medical device and procedure for in-vitro fertilization, wins the 2006 Knapp Venture Competition

LOS ANGELES — The Harold Price Center for Entrepreneurial Studies at UCLA Anderson School of Management announced the winners of the 25th annual Knapp Venture Competition, held Thursday, May 25, 2006.  Precision Reproduction, a company commercializing a patented medical device for in-vitro fertilization (IVF) that increases success rates and reduces risk to the patient, won the competition and received a grand prize of $10,000. logicAlloy, a company specializing in easy to use middle ware for Radio Frequency Identification (RFID) networks, came in second place and received a  $6,000 prize.  The Filling Station, designers of the world’s first self-service bar that redefines the customer experience, finished third and received a $4,000 prize. The competition consisted of five finalist teams who presented their business plans to a judging panel of distinguished entrepreneurs and investors.

Precision Reproduction, the winning UCLA Anderson team, is composed of Greg Samson, (‘07), Jeff Kendig (‘06), Ben Koff (‘06) and Sanjaya Mohottala (’07). “We’re thrilled.” Samson said. “The Knapp Competition has been an incredible opportunity to make meaningful connections with other entrepreneurs, investors and fellow students. All five teams in the finals had very compelling businesses and we just felt honored to be part of it.”

Precision Reproduction has developed, patented and tested a device and procedure for in-vitro fertilization that improves success rates and reduces risks for both mother and child. Unlike the traditional method of embryo transfer, Precision’s Sub-Endometrial Embryo Delivery gives doctors the control to consistently deliver an embryo to an ideal implantation site, and has eliminated the risk of tubal and ectopic pregnancy from IVF.

The competition over, Precision now looks to the future. “We’re talking with companies in the industry as well as investors and focusing on getting this product to market,” said Samson. “We’re traveling to Europe next month (June) to meet with doctors to develop sales leads and partners.”

logicAlloy, who received second place honors, includes team members Hans Isern (‘07), Jeff Lee (‘07), Ron Jaiven (‘07), Peter Calveley (‘07) and Edward Blazer. Third-place The Filling Station is comprised of Jack Farris (‘06), John Tabis (‘06) Ryan Sakamoto (‘06) and Gary Hsueh (‘06).

Synergy Therapeutics finished fourth and received a $2,000 prize. In fifth place was Okoro Technologies who received a $2,000 prize as well.

The Knapp Venture Competition is designed to provide UCLA Anderson students with an intensive learning experience involving the entrepreneurial process. The competition prepares students to excel in their own ventures by simulating the process of starting and evaluating a business.

More than 200 students, potential students, faculty, staff and special guests attended the final round of the 2006 Knapp Venture Competition. In the Knapp Venture Competition, at least one member of each team is a current UCLA Anderson student.  The students have discovered the incredible resources that are available to them at UCLA and throughout the greater Los Angeles community.  Fellow UCLA Anderson classmates and alumni, as well as graduate students in the other technical and professional schools, are all potential partners and sources of ideas.

The Knapp Venture Competition is named for Bud and Betsy Knapp, whose $2 million gift to UCLA Anderson supports the annual event and several other entrepreneurial initiatives.  The couple serves on UCLA Anderson’s Board of Visitors.

A distinguished group of judges participated in the finals of the Knapp Venture Competition. They are:

Timothy C. Draper, Founder and a Managing Director of Draper Fisher Jurvetson
Mohanjit Jolly (‘98), Managing Director of Garage Technology Ventures
Cleon T. “Bud” Knapp, Chairman and Chief Executive Officer of Knapp Foundation
Jonathan G. Lasch, Managing Director of Convergent Ventures
Austin Murray (’97), co-founder of Jamdat
Ruth Owades, founder of Calyx & Corolla, Director of J. Jill
Louise J. Wannier (’80), co-founder of Gemstar, founder of myShape and Enfish

About the Harold Price Center for Entrepreneurial Studies
The Harold Price Center for Entrepreneurial Studies, a recognized leader in entrepreneurial education, oversees all teaching, research, extracurricular and community activities related to entrepreneurship at UCLA Anderson School of Management.  The Price Center strives to provide academic and extracurricular experiences that advance both the theory and practice of entrepreneurship.

About UCLA Anderson School of Management
UCLA Anderson School of Management is perennially ranked among the top-tier business schools in the world.  Award-winning faculty renowned for their research and teaching, highly selective admissions, successful alumni and world-class facilities combine to provide an extraordinary learning environment.  Established in 1935, UCLA Anderson provides management education to more than 1,400 students enrolled in full-time, part-time and executive MBA programs and doctoral programs.

UCLA Anderson’s faculty includes outstanding educators and researchers who share their scholarship and expertise in such fundamental areas as finance, marketing, accounting, business economics, decision sciences, operations and technology management, human resources and organizational behavior, information systems, strategy and policy.

Recognizing that the school offers unparalleled expertise in management education, the world's business community turns to UCLA Anderson School of Management as a center of influence for the ideas, innovations, strategies and talent that will shape the future.

Contact Information

Paul Feinberg, (310) 794-1215, paul.feinberg@anderson.ucla.edu

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