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![]() University of CambridgeDate: 05/02/09 PowerSi Technologies wins prizes PowerSi Technologies Limited, a spin-out from Cambridge University's Department of Engineering, has won prizes at both the 2008 Cambridge University Entrepreneurs (CUE) £5K Challenge and the 21st Century China UK Entrepreneurship Competition.Last October 336 teams entered the serial CUE Challenge business plan competitions. The team of PowerSi Technologies won both Technology Prize and Cleantech Prize as announced at the recent prizegiving ceremony, pitching in front of a panel of Cambridge entrepreneurs, business angels and venture capitalists. The team also won the first place in the 21st Century China UK Entrepreneurship Competition out of more than 200 entries from both the UK and China. The team presented at the China UK Showcase held in London in June with prestigious delegates from both the UK and China. The two prizes include £12,000 cash, free IP services worth £5,500 and other free advisory services. Zhihan says "Our Active Voltage Controller, the most intelligent controller today, will reduce the total cost of a conversion system by 40%, improve the efficiency by 10% and enhance reliability. Our entry market is industrial converters of renewable energy applications, including wind power, solar energy and hybrid vehicles. The total available market of controllers in these three sectors is worth $1.3bn in 2008, of which we will take 20% within 5 years."
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