UH entrepreneurs follow through on business plan
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One team, named REECycle after a proprietary method for rare earth element recycling, went all the way to the Department of Energy’s National Clean Energy Business Plan Competition. The team swept all three categories and defeated graduate students from MIT, Georgia Tech and Michigan State.
That student business plan is now a real company, with two of the four students at the helm. REECycle won a $750,000 National Science Foundation grant on Nov. 7 to commercialize the technology, and it has the potential to collect another $500,000 in matching funds if it succeeds. That’s on top of the $400,000 the team won in competition or received in earlier grants.