|
June 24, 2008 --- GreenPrint Technologies today announced that it finished first out of a pool of eighty companies evaluated in this year's Oxford Said Business School's Venture Fund competition.
GreenPrint is now in discussions with the student-run fund about a
potential investment in the clean tech software startup.
The competition began in April when the committee evaluated submissions
from 83 companies. Ten finalists were selected in May and were invited
to Oxford to present to the SBSVF selection committee comprised of
students and faculty. At the end of the presentations, four finalists
were chosen to present on May 27th to a panel that included Sir Philip
Green, the UK entrepreneur whose retail empire places him in the top 10
wealthiest Britons, Sir Victor Blank, chairman of Lloyds TSB, and David
Bonderman, who manages a $40 billion private equity fund, as well as to
a standing room only audience of over 200 in Oxford's Nelson Mandela
Theatre.
All four companies were given eight minutes to present, followed by 17
minutes of questions by the panel. At the end of the fourth
presentation the panel adjourned to determine privately which companies
they would recommend the fund invest in, and in which order. They
emerged ten minutes later and announced GreenPrint as their first
choice.
"I certainly won't forget the roar of the audience as we were announced
the winner," said Hayden Hamilton, GreenPrint CEO who led the Oxford
presentation. "When Philip Green stood up half way through our
presentation and got out his checkbook, we knew we had done well, but
we were still surprised and honored to finish on top with such a
prestigious panel of judges and such strong competitors."
GreenPrint and the SBSVF are now in discussions about the terms of an
investment in GreenPrint. Both groups hope to move ahead quickly. "We
think there are huge advantages to being formally connected with
Oxford," said Hamilton. "The introductions to CEOs that Philip Green
and David Bonderman alluded to during the presentation alone would be
invaluable. As a recent Oxford alum I'm also very excited about being
connected to an SBS student-managed fund."
The Said Business School Venture Fund was started through initial
investments by David Bonderman and Sir Philip Green in 2005 to promote
student entrepreneurialism and provide a practical learning tool for
MBA students. This was the competition's second year. The first
competition resulted in one investment by the fund.
GreenPrint Technologies, LLC is the maker of GreenPrint World, Home
Premium, and GreenPrint Enterprise software designed to reduce waste in
home and office printing. The software eliminates wasteful pages before
they are printed, incorporates a PDF writer to provide an alternative
to printing, and provides easy options to save ink and toner.
|