Graphene Devices has won the first place in the 2013 Rochester Regional Business Plan Contest. The company received a cash prize of $25,000, a year of free incubation services and office space and $2,500 of marketing services. 46 companies submitted applications.
Graphene Devices, founded in 2009, explores novel uses for Graphene and ways to optimize its production. The company is using a process developed at the University of Buffalo. The company is funded by Venture Capital fund Excell Partners and they have been awarded with over $600,000 in several projects in 2010 by the US federal and state authorities.