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Alternative energy company wins $30K in Intel-sponsored UC Berkeley Business Plan Competition

UC-Berkeley’s Haas School of Business said Friday the $25,000 first prize at the university’s eighth annual business plan competition went to Aurora BioFuels, an alternative energy company.

Intel Capital, the investment unit of Santa Clara-based Intel Corp. (NASDAQ: INTC), was lead sponsor in the event, held at UC-Berkeley’s Haas School of Business.

Aurora BioFuels presented a plan showing how to create biodiesel fuel with yields 125 times higher than existing biodiesel conversion technologies, and at half the cost. All contestants were based at UC-Berkeley.

The company also won the People’s Choice Award of $5,000 for garnering the most votes from the audience at the final awards ceremony.

Full Story: http://www.bizjournals.com/sanfrancisco/stories/2006/05/01/daily56.html?jst=b_ln_hl

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