Posted April 10, 2009

Premium Lock Startups from three states take home firsts in Five Ventures competition

Published: 2009-04-10 07:30:21
Updated: 2009-04-10 07:30:21

Startups from three states took home first place honors in the annual Five Ventures competition Thursday.

The annual business competition put on by the University of North Carolina at Charlotte picked winners in five different categories among 16 semifinalists during a day-long event. The winners will divide some $100,000 in professional services.

The winners, by category:

Biotech – Pharmaceutical: Countervail Corporation (Charlotte, N.C.) – A repurposed Alzheimer’s drug is used to protect against exposure to nerve gas and pesticides.

Biotech – Devices: HepatoSys, Inc. (Charlotte, N.C.) – Develops products related to the preservation and restoration of organs for transplantation.

Information Technology/Software-as-a-Service (SaaS): Balaya, LLC (Savannah, Ga.) – Provides a set of a social media tools for businesses to use internally as an enterprise solution or externally as a consumer-facing engagement tool.

Retail Services: TrakLok Corporation (Knoxville, Tenn.) - A product and service company deploying a solution to secure and globally track intermodal shipping containers.

Student Non-profit: Entogenetics (Raleigh, N.C.) – Discovered how to transfer the spider’s silk production gene into the common silk worm, creating the means for large scale, inexpensive spider silk production....

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