This year’s MIT $100K Business Plan Contest drew a record 240 teams to compete for the coveted grand prize: $100,000 to start a business venture or market a new product. On Tuesday evening, eight finalists pitched their ideas to a capacity crowd in Kresge Auditorium — and while only one team walked away with the big check, there was plenty of seed money and startup opportunity to go around. The winning team beat out the competition with its pitch for Cloud Top, a Web-based application that would enable the user to connect disparate computer programs in a single online application. The team says the app may provide an entirely new computing paradigm: Instead of having to carry around a laptop with all your saved files, you may be able to access those files from any computer with an Internet connection. With the app, a user may take photos from Facebook,...
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