Klymit CEO Evaluates Entrepreneurs in Rice Business Plan Competition

Nate Alder, CEO of Klymit, is headed to Texas this weekend to participate in judging this year's business plan entrants at the Rice University Business Plan Competition. Nate and his team earned 2nd place at this competition in 2008.
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Nate Alder, CEO of Klymit, an innovator in outdoor technology, is participating as a judge in this year's Rice University Business Plan Competition. Alder and his team's Klymit business plan earned 2nd place at this event in 2008. Klymit then moved on to the international competition to win more than $20,000 in start-up cash.

“It's good to be headed back to Texas to be a part of this competition that helped jump start and prepare my business," says Nate Alder, CEO of Klymit. “It is great to return and be a part of such an influential business competition.”

Klymit's initial business plan was based on the idea that argon gas could be harnessed in outdoor apparel as a warmer and lighter alternative to traditional fiber insulation. Now, Klymit's argon gas-based NobleTek Insulation allows users to increase or decrease warmth on demand while weightlessly trapping warmth and retaining loft.

Klymit's fundamental product is the Klymit Kinetic line of vests, with four different styles featuring NobleTek Insulation for four different applications including snow sports, water sports, hunting and backpacking. New this spring, Klymit is launching the new Klymit Kinetic Shell line of outerwear.

42 teams from around the world will compete at this year's 2010 Rice Business Plan Competition in Houston, Texas from Thursday April 15th through Saturday April 17th. Investment and cash prizes will be awarded to winning teams totaling $1-million in prizes.
The Rice University Business Plan Competition is intended to stimulate the real-world process of entrepreneurs soliciting funding from investors and venture capital firms. The competition is hosted by the Rice Alliance for Technology and Entrepreneurship and Jesse H. Jones Graduate School of Business at Rice University.

The Rice Alliance for Technology and Entrepreneurship (Rice Alliance) is Rice University's nationally-recognized initiative devoted to the support of technology commercialization, entrepreneurship education, and the launch of technology companies.
Since inception, the Rice Alliance has assisted in the launch of more than 250 start-ups which have raised more than half-a-billion dollars in early-stage capital. More than 750 companies have presented at the 115+ programs hosted by the Rice Alliance.

Klymit TM is a company based in Ogden, Utah that develops and licenses noble-gas-based, variable insulation technologies to companies across a variety of industries. Klymit NobleTek TM Insulation is the only technology on the market that gives users the power to Kontrol the ElementsTM and adjust their level of warmth with the turn of a dial. The noble gases used in Klymit's technologies are non-toxic, non-flammable, and safe for the environment. www.klymit.com www.facebook.com/klymitnobletek www.twitter.com/klymit