Friday, April 17, 2009

UNCC Names Winners of Five Ventures

UNC Charlotte selected the winners of the annual Five Ventures entrepreneurial business competition.

Countervail Corp., of Charlotte, was named the winner in the biotechnology-pharmeceutical category for its plans to repurpose an Alzheimer’s drug to protect against nerve gas and pesticides.

Charlotte-based HepatoSys Inc. was the winner in the biotechnology-devices category. The company proposed developing products related to preserving and restoring human organs for transplant.

Balaya, of Savannah, Ga., was named the winner in the information-technology and software-as-a-service category.

TrakLok Corp., of Knoxville, Tenn., was named the winner in services and retail.

Raleigh-based Entogenetics won in the student and nonprofit category.

The competition, in its ninth year, tests the business acumen of startup companies for a chance to win more than $100,000 in cash and in-kind services. Fifteen start-up companies competed in the finals.

Sponsors of the 2009 Five Ventures competition include UNC Charlotte and the Ben Craig Center.

The conference is presented by the Charlotte Research Institute.

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