"Space 2.0" Business Plan Competition Announced

The Eighth Continent Project announces its Call for Entries for the 2008 Lunar Ventures New Enterprise Competition, challenging university students from around the country in business, engineering, and science to collaborate in creating business ventures related to space commerce.

Prizes for winners include a cash award of $25,000, venture start-up services, and an invitation to compete in the Global MOOT CORP Competition for a $100,000 award. The Lunar Ventures final rounds will be held March 28-30, 2008, on the campus of the Colorado School of Mines in Golden, CO. Proposals are now being accepted under the guidelines posted at www.8clunarventures.com.

"Last year's competition resulted in fundable ventures based on ground-breaking technology that exceeded everyone's expectations," says Dr. Angel Abbud-Madrid, Center for Space Resources director.

"New technology companies pop up every day, so it's really hard to get your idea off the ground," says Brad Chisum, CEO of last year's Lunar Ventures winner Lumedyne Technologies (formerly Omega Sensors). "Winning that competition put us in front of investors and business leaders and helped us get our footing as a company."

Townsend and Townsend and Crew, an intellectual property law firm and an Eighth Continent Project founding partner, is on board to provide intellectual property advice and first patent application assistance to the winning team.