Four students from the Indian School of Business, Hyderabad and a student of MIT Sloan School of Management were invited to ring the closing bell at the Nasdaq OMX Stock Exchange in New York on Tuesday.
‘Team Visolis’ bagged this opportunity after winning the prestigious ‘Global Venture Labs Investment Competition (GVLIC)’ organised by the McCombs School of Business, University of Texas, Austin.
Visolis is developing the next generation of biocatalysts that can convert renewable feedstocks into chemicals and fuels at a price point competitive with petroleum-based processes.
The team from the ISB will offer a way to reduce the environmental impact with sustainable alternatives to petroleum-based products for a wide range of industries.
The members of the winning team, Akshat Pipersenia, Amrita Dutta, Aditya Jain, Ashish Kohli of the ISB, and Deepak Dugar of MIT Sloan School of Management were accompanied by Rob Warren Director of GVLIC along with several members from McCombs and alumni from the ISB.
They received a prize package worth $75,000 including: $25,000 in cash, one year of office space and $25,000 in consulting services.