iMAT won $20,000 in Olin Cup funding.
“Great sketch! Very impressive. It conveys the business plan in a single page. It is simply superb work. And I can’t believe that you guys turned it around so fast!”
– Hari "Sam" Samrat, CTO, iMAT
Company: i-Mobile Access Technologies, Inc.
Industry: Media distribution
Situation: Define and show a growth story that will appeal to investors, and show the underlying value to consumers.
Success measure: Investors consider funding full-scale roll-out of the project.
On the evening of Thursday, December 1, 2005, iMAT was selected as one of two companies to receive Olin Cup funding. iMAT was awarded a $20,000 funding toward its business plan, which will help toward the needed investment syndicate.
Somak Innovations Inc. won the top prize of $50,000 toward their concept of a radio-scannable identification tatoo that will be launched in the cattle industy.
Read about the winners of the Washington University Olin Cup Competition.
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