AUSTIN, Texas—A patented optical displacement sensing technique for use in accelerometers, gyroscopes, pressure sensors, temperature sensors and magnetometers claimed the grand prize at the 24th annual Global Moot Corp® Competition held at The University of Texas at Austin May 5.
Omega Sensors from San Diego State University beat out 34 teams from top Master of Business Administration (MBA) programs around the world to claim the prize. Team members are Brad Chisum and Nick Rhea, and Alex DeNoble is the faculty adviser.
For more information, visit Moot Corp® Competition.
The prize package is composed of $25,000 in cash and $75,000 in business services, including consulting from the McCombs School of Business faculty and the Austin Technology Incubator, and patent work from Ropes and Gray. The San Diego State team will also open the NASDAQ Stock Market Aug. 10.
Teams from Australia, Brazil, Canada, China, Colombia, France, Great Britain, Norway, Thailand and the United States gathered in Austin for the competition this year.
Started by MBA students at The University of Texas at Austin in 1984, the Moot Corp Competition is the oldest new venture competition in the world, and continues to give MBA student teams a chance to simulate the business world process of raising venture capital.
For more information contact: Rob Adams, Moot Corp director, 512-471-5289 office, 512-633-5955 mobile.
