Winning second place is an honor and a validation for Arbsource, but the real value of competing in I2P Global came from the connections we made. We were introduced to international investors, mentors, potential clients and new markets.
Scottsdale, AZ (PRWEB) November 30, 2011
It’s another sign that ASU is a leading global ‘green’ university when a student-led startup company, Arbsource- which licenses cutting edge technology from the University, won second place in the Idea2Product Global Competition (I2P), held in Stockholm, Sweden in late November.
The I2P Global competition consisted of 15 teams from 9 countries, representing 5 continents, competing in three tracks; Information and Computer Technology, Energy and Life Sciences. The prize included a cash amount, valuable in kind business services and continued international recognition for this young, high potential Arizona company.
Arbsource competed in the Energy track along with teams from Brazil, Italy, Ireland, Denmark and Sweden. Among the products and services represented in this track were a dust suppressor, a biodegradable foldable umbrella, a new texture for solar cells and an energy conversion device to replace fuel cells.
Arbsource uses biotechnology to transform wastewater treatment from a costly energy liability into a valuable resource for food and beverage companies, using their patent and license pending ARBCell Bioreactor. The ARBCell biological reactor system can cut the cost of wastewater treatment for many food and beverage manufacturing companies by 50% or more through reduced energy consumption and maintenance.
Mark Sholin is a founder and CEO of Arbsource. He is a former PhD student and Graduate Research Associate at Arizona State University, where he served an integral role in designing the ARBCell and is listed as a co-inventor. This is a big win for Arbsource leaders Mark Sholin, Founder and CEO, and Lon Huber, CFO.
“Winning second place is an honor and a validation for Arbsource, but the real value of competing in I2P Global came from the connections we made. We were introduced to international investors, mentors, potential clients and new markets.”
Arbsource is currently in the ASU Edson student startup accelerator based in ASU SkySong, the Innovation Center in Scottsdale. The Edson accelerator provides funding, mentoring, and office space that enables students to advance their ventures.
Marketing and Communications Manager
Ph: 480 884 1814
About Arbsource (http://www.arbsource.us/)
Phoenix- based Arbsource is on a mission to transform wastewater treatment from a costly liability into a valuable resource. Breweries, confectioners, and many other food and beverage processors are burdened with large electricity expenses to manage their wastewater, often totaling six figures per year. For half the cost, we can offer these companies identical treatment speed and quality with our patent-pending and licensed ARBCell biotechnology.
About Edson Student Startup Accelerator (http://studentventures.asu.edu/)
The Edson Student Entrepreneur Initiative provides funding, office space, and guidance to teams of students within all university disciplines. This accelerator gives student entrepreneurs the opportunity to develop their innovative ideas and launch viable businesses. As an integral program of ASU Venture Catalyst, students in the Edson Initiative have access to seasoned entrepreneurs, industry mentors, and other Catalyst programs that enable them to advance enterprise.
About Venture Catalyst at ASU (http://www.asuventurecatalyst.org)
ASU Venture Catalyst equips high potential startups for success. The Catalyst assists university students, faculty and staff, as well as local and global companies, launch startups or accelerate existing ventures. Based at ASU SkySong, The Catalyst offers investor connections, technology road maps, go-to-market strategy consulting, mentoring opportunities, and several other programs and services, all designed to identify and develop investment-grade companies.
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