DANVILLE, Va. – A pair of Triangle-based emerging companies, 3F LLC and Sanitation Creations, took the top honors and $27,000 in prizes at the first Big Launch Challenge in Danville, Va. on Thursday.
3F, which is focused on development of fibers through nanotechnology, took top honors and $15,000.
Sanitation Creations, which has developed and sells toilets that do not use water, took second and won $12,000.
Both companies are based in Raleigh.
The event was put on by First Flight Venture Center, a new business incubator in RTP, and The Launch Place, an entrepreneurial organization based in Danville.
3F and Sanitation Creations were judged by a panel of five, including Andy Schwab, who is president of First Flight and is an active angel investor. Other judges were from the Launch Place Seed Advisory Fund.
“We are so happy to win this award, ” said Larry Dickinson, CEO of 3F, in a statement. “The rich textiles history and the manufacturing access are a huge advantage for us, Danville is a truly perfect place for our next efforts.”
Liz Morris leads Sanitation Creations.
Both companies will receive a variety of support services and are expected to pitch the Danville-based angel group for investment, according to the event organizers.
First Flight and Launch Place received 31 applications for the first Challenge.
Six companies pitched live in the finals on Thursday. The other finalists were: Reynolds-Clark Development of Gretna, VA; and INRFood, Rheomics and NanoBrew Laboratories, all located in RTP.