Plastics remain the bane of many environmentalists, but aspiring venture capitalists seem to see polymers in a different light. Two of the top four finishers in this year’s Rice University Business Plan Competition focus on plastics. The winners get star treatment in the current issue of Fortune Magazine in a section headlined “Venture”.
The first place finisher is a new pharmaceutical and number two is an Internet tool for human authentication. And at number three is a project called PK Clean from two students at the Massachusetts Institute of Technology. Their intriguing idea? Conversion of plastic waste into diesel fuel. That should stop all the trash talk about plastics.
At the fourth spot is a project called cyclewood Plastics from a student team at the University of Arkansas. These students have developed a marketing plan for a biodegradable plastic bag made from a byproduct of paper production. OK. That one sounds like a pretty well tried-and tested idea. Many companies are now selling biodegradable plastic bags from a variety or renewable feedstocks. The one edge for cyclewood is use of a waste byproduct in a technology developed at the University of Minnesota. And who knows–maybe their bags will degrade faster than the competition!
Dealing with plastic bag disposal has been the bane of the retail existence for a long time. In retail, we had seen recyclable bags in the past, but they would stick together causing significant waste. The new generation seems to have better success but do not do well in hot environments or storage.
The grab bag of plastic and rubber materials featured in this new product slideshow are aimed at lighting applications or automotive uses. The rest are for a wide variety of industries, including aerospace, oil & gas, RF and radar, automotive, building materials, and more.
Many of the new adhesives we're featuring in this slideshow are for use in automotive and other transportation applications. The rest of these new products are for a wide variety of applications including aviation, aerospace, electrical motors, electronics, industrial, and semiconductors.
A Columbia University team working on molecular-scale nano-robots with moving parts has run into wear-and-tear issues. They've become the first team to observe in detail and quantify this process, and are devising coping strategies by observing how living cells prevent aging.
Many of the new materials on display at MD&M West were developed to be strong, tough replacements for metal parts in different kinds of medical equipment: IV poles, connectors for medical devices, medical device trays, and torque-applying instruments for orthopedic surgery. Others are made for close contact with patients.
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