Magnetic gear tech company wins 2023 Rice Business Plan Competition

​ FluxWorks from Texas A&M University, a magnetic gear technology company, took home the grand prize at the 2023 Rice Business Plan Competition (RBPC). The RBPC, hosted annually by the Rice Alliance for Technology and Entrepreneurship and Rice University’s Jones Graduate School of Business, is the world’s largest and richest student startup competition. This year’s edition saw 42 startups competing for $3.4 million in prizes – the highest in the 23 years of the event. More than 80 prizes were awarded and every team took home cash.