Suzhou New District Technological Innovation and Entrepreneurship Competition
Kellogg, McCormick students win Chinese case competitionBy Eva Saviano
Health and nutrition start-up Kosmode Biotechnology
is the company that earned Rochelle Hua and Cindy Ye, as well as McCormick graduate student Kevin Shi, all ’15, the top prize of $5 million yuan (RMB), or about $800,000 at the Suzhou New District, technological innovation and entrepreneurship leader competition
Hua, a former food scientist, credits long-term research collaboration with a professor as the inspiration for Kosmode. The Jiangsu Province-based company expects its first product to be a cranberry supplement that will treat urinary tract infections.
“We patented the extraction method for producing this product at a low cost and high quality,” says Hua. “The next step is to materialize what was written in the plan — scale up the product and sell.”