The first paragraph of the story is below. Click here to read the full story by Juha-Pekka Tikka.
What recourse does an entrepreneur have when there is no venture capital for a start-up with a truly promising invention? At San Diego’s Biological Dynamics, 27-year-old founder Raj Krishnan’s solution is to win entrepreneur and student competitions—and so far he has won 13 awards, nine of them this year, including most recently a $40,000 first prize in the UC San Diego Entrepreneur Challenge, where the judges were impressed with his presentation skills. “We went to the competitions because venture capital is extremely hard to find now, and we have been fortunate. It enables us now to protect our IP and pay bills,” Krishnan says.full story