OZÉ wins $150,000 in prizes at the Rice Business Plan Competition
FOR IMMEDIATE RELEASE: April 8, 2018
Houston, TX: From April 5, 2018 to April 7, 2018, OZÉ competed in the 18th annual Rice Business Plan Competition. The company won two prizes for a total of $150,000: the Courageous Womens Entrepreneurs investment prize from nCourage Entrepreneurs Investment Group ($100,000) and the Engine of Innovation Award from Station Houston ($50,000).
42 teams participated at the competition in four categories: life sciences, information technology/web/mobile, energy/clean technology and tech innovation. A cohort of more than 300 judges selected the winner based on the company that represents the best investment opportunity.
“It was a real privilege to share with the judges the huge opportunity for investment that exists on the continent of Africa and exciting that they recognized OZÉ as a vehicle to seize that opportunity. As we scale OZÉ, we are thrilled to be working with the teams at nCourage Entrepreneurs and Station Houston,” said Co-founder and CEO Meghan McCormick.
The Courageous Womens Entrepreneurs Investment Prize is awarded to
- A woman as CEO or as a member of founding leadership team, and
- At least one woman on the RBPC presenting team in Houston.
The winner of the Station Houston Engine of Innovation Award receives a 1-year membership in Station Houston, which includes access to a startup champion, mentoring, co-working space, and other membership benefits for up to three founding startup team members.
About OZÉ: OZÉ is a mobile app that empowers small business owners in emerging markets to make data-driven decisions to improve their performance. When their performance improves, the app connects them to financial institutions to access the capital they need to fuel that growth. OZÉ is currently available for android phones in Ghana.