Accunetix, a business team made up of students from Duke University, took home the student team award at the Five Ventures competition on Thursday.

Accunetix hopes to commercialize diagnostic technology that would be useful in testing for infectious diseases and cancer.

“There are a lot of applications for this technology,” said Ken Paulus, project manager for the Five Ventures competition. “They are a great team.”

Five Ventures, which is in its sixth year, is put on by the Charlotte Research Institute and the University of North Carolina at Charlotte.

Top spot for the non-student team competition went to Kiyatec, which is based in Greenville, S.C.

Kiyatec has licensed technology from Clemson University that the company believes will help pharmaceutical firms speed up the drug development process.

The technology does not need animals in order to simulate human metabolism.

“It’s a very useful technology,” Paulus said. “This could reduce costs of drug development exponentially.”

The top student team award is worth $2,000 in cash. Top overall award is $5,000. Winners also will receive services from Five Venture sponsors in accounting, management, legal services, public relations, marketing, financial expertise and strategy.

Kiyatec also was offered use of lab and office space at the new North Carolina Research Campus being built in Kannapolis.

Other finalists included A-Metrics, HepatoSys, and Sell It At School.

Cash and services awarded to the winners are valued at more than $100,000.