Egypt wins 3rd place at Intel Challenge
NanoDiagX team develops Hepatitis C test using gold nanoparticles
A team of Egyptian entrepreneurs has won third prize at the seventh annual Intel Global Challenge at UC Berkeley for NanoDiagX of Egypt.
The team developed a Hepatitis C test which uses gold nanoparticles to detect Hepatitis C in less than an hour, and at one-tenth the cost of current commercial tests. The team won a $10,000 prize for their innovation.
First prize went to China's Gaitu, a one-stop image processing platform that is designed to match consumers with designers who can add special effects, provide image-sharing services and turn edited photos into art or merchandise.
Second place went to Maxygen-mobile DNA of Russia for inventing a low-cost, portable DNA test solution that is designed to be used at a point of care to identify infectious diseases, genetic predispositions and hereditary conditions.
The Intel Global Challenge at UC Berkeley encourages student entrepreneurs and rewards innovative ideas that have the potential to have a positive impact on society.
The Egypt team, NanoDiagX, led by Dr Hassan M E Azzazy, Tamer M Samir, Sherif Mohamed Shawky, Mai M H Mansour and Ahmed H Tolba won first place in the 7th Arab Technology Business Plan Competition 2011, organised by the Arab Science and Technology Foundation (ASTF) in partnership with Intel Corporation. The regional competition, which was also in partnership with the United Nations Industrial Development Organisation (UNIDO), features 50 projects from 50 Arab entrepreneurs across 15 countries.
"Intel has a strong commitment to fostering student innovation around the globe," said Shelly Esque, president of the Intel Foundation and vice president in Intel's Legal and Corporate Affairs group. "Through our education programs, we've seen first hand how empowering entrepreneurs positively impacts individuals, communities and economies. The Intel Global Challenge at UC Berkeley helps students develop lifelong innovation skills to identify problems and develop solutions they will use throughout their careers."
The competition, held at the Haas School of Business at UC Berkeley, drew 28 teams from over 20 countries.
This year, the finalist teams presented business plans that reflect groundbreaking work in such fields as healthcare, technology, energy conservation and disaster management.
Plans included ultraviolet radiation detection, a coconut-based packaging alternative, and an advanced fire protection and detection system.
Representatives of more than 12 leading venture capital firms from the San Francisco Bay Area served as judges and provided valuable feedback to the teams.
Intel has also launched a People's Choice Awards Contest for the public to vote for its favorite competing team of young entrepreneurs. The winning People's Choice Awards team will receive a $5,000 prize. Visit www.inspiredbyeducation.com/vote to learn more and vote.