May 12, 2003

LOS ANGELES — On Tuesday, May 13, the Harold Price Center for Entrepreneurial Studies at The Anderson School at UCLA and The Knapp Foundation will hold the final round of the 22nd annual Knapp Venture Competition. Some 21 teams participated in the semi-final competition round in April. The five finalist teams that emerged from that round will now present their business plans to a judging panel of venture capitalists, lawyers and entertainment industry professionals and compete for the $10,000 in cash prizes.

Anderson faculty, staff and students are encouraged to attend the final round competition, which will be held in Korn Convocation Hall from 3:30 to 6:30 p.m. and immediately followed by a cocktail reception from 6:30 to 8 p.m. The winners of the 2003 Knapp Venture Competition will be announced at the reception. Additionally, Alex Dickinson, founder and CEO of Luxtera, Inc., will deliver a keynote address during the reception.

Pasadena, Calif.-based Luxtera, which is developing breakthrough photonics products, has technology that is rooted in Caltech developments in the field of nanophotonics. This technology is based upon optical structures that are an order of magnitude smaller than those traditionally used in integrated optical devices and could potentially reduce the cost of optical-electronic transitions and optoelectronic systems. Luxtera has completed a Series-B funding led by New Enterprise Associates with returning investors Sevin Rosen Funds, August Capital and ITU Ventures.

"As demonstrated by the diversity of the projects of the finalist teams, a key initiative of the Knapp Venture Competition is to stimulate interdisciplinary opportunities," said Cherry Lu, program manager, Harold Price Center for Entrepreneurial Studies. "Just like last year, we're pleased to see Anderson MBAs teaming up with graduate students, faculty and staff not just from other UCLA departments, but also from other leading academic institutions. We're also pleased that Anderson alumni are participating on various teams"

The finalists of the 2003 Knapp Venture Competition are as follows:

EVWorks - Distributes low-cost, zero-emissions electric vehicles that are designed in the U.S. and manufactured in India. The group consists of current Anderson students and industry professionals, one of whom is an Anderson alum from the class of 2000.

HTS, LLC - Uses proprietary software to provide commercial commissioning services for hospitals and educational facilities in Los Angeles. The team leader is an Anderson executive MBA (EMBA) student who is a co-owner of both a construction management company and a radiation dosimetry consulting firm.

Osteoscience - Will develop its intellectual property into a new treatment for osteoporosis. Merck, Amgen and Pfizer have expressed interest in future licensing opportunities with this biotech firm. The team is led by a UCLA medical researcher and supported by Anderson full-time MBA and Fully Employed MBA (FEMBA) students.

PanPacSoft - Develops proprietary software and hosted services that will streamline trade fulfillment for transactions between the United States and Asia-Pacific countries. The team is comprised of current MBA students from The Anderson School and other programs, Anderson alumni, as well as industry professionals.

Xiehou Entertainment - Provides a wireless application for matchmaking services in China, a market that will have both the highest number of cell phone users, as well as the largest population in the world. The team was also selected as a finalist for the Carrot Capital Competition in New York City.

The Knapp Venture Competition is named for Bud and Betsy Knapp whose $2 million gift to the school supports the annual event and other entrepreneurial initiatives. The couple serve on The Anderson School's Board of Visitors.

Below is the list of judges who will be evaluate the business plans and presentations of the five finalist teams:

  • Betsy Wood Knapp, founder and CEO, BigPicture Investors, LLC
  • Cleon "Bud" Knapp, trustee, The Knapp Foundation
  • Timothy Draper, founder and managing director, Draper Fisher Jurvetson
  • Paul Kreutz, partner, Gray Cary
  • Eve Kurtin, managing director, Pacific Venture Group
  • Steve Wadsworth, president, The Walt Disney Internet Group
  • Bertram Zweig, counsel, Kaye Sholer

About The Harold Price Center for Entrepreneurial Studies

The Harold Price Center for Entrepreneurial Studies is consistently ranked among the best in the world for entrepreneurial education and has been ranked #1 over the last two years by Financial Times. The Price Center oversees all teaching, research, extracurricular and community activities related to entrepreneurship at The Anderson School. The Price Center strives to provide academic and extracurricular experiences that advance both the theory and practice of entrepreneurship.

About The Anderson School at UCLA

The Anderson School at UCLA 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, The Anderson School provides management education to more than 1,400 students enrolled in full-time, part-time and executive MBA programs and doctoral programs.

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