Mechanical engineering professor's start-up company wins $25K 'Next Gen' award during Accelerate Michigan Innovation competition
January 3, 2011
DEARBORN / Jan. 3, 2011---University of Michigan-Dearborn mechanical engineering Prof. Pravansu Mohanty’s start-up company, CSquared Innovations, won a $25,000 Next Gen Manufacturing Award last month. The company was among 50 semi-finalists in the Accelerate Michigan Innovation Competition, one of the nation’s largest business plan competitions that awarded more than $1 million in cash prizes and attracted 600 entries.
CSquared, a start-up venture that Mohanty founded this year with his three-person team, is deploying laser-assisted atmospheric plasma deposition technology which offers a high-speed, cost-effective and highly scalable “platform” approach to the synthesis of nanostructural materials and films for large-area lithium-ion battery electrodes, photovoltaic materials and industrial coatings.
The Accelerate Michigan Innovation Competition targets business startups with the potential to generate an immediate impact on Michigan’s economy. The awards were given by the Business Accelerator Network for Southeast Michigan in partnership with the New Economy Initiative for Southeast Michigan, Business Leaders for Michigan and the University Research Corridor during the inaugural Accelerate Michigan Innovation Competition at the University of Michigan's North Campus Research Complex in Ann Arbor, Mich.
Earlier this fall, Mohanty was invited to display the CSquared technology at U-M’s 10th annual “Celebrate Invention” event, which was held Sept. 29 at the Michigan League on the Ann Arbor campus. He was one of eight researchers selected to feature their discoveries at special kiosks during that event.
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