ProtoTech Business Pitch Competition 2014
Six finalists competed in MAGNET’s first ProtoTech pitch competition on October 21 in Cleveland, where over $20,000 in prize money was at stake. Pitches were judged on technical feasibility, investment possibility, and the overall pitch.
Chris Wentz of Everykey took the $12,000 first place prize for his electronic wristband designed to replace keys and passwords. Wentz, a 2013 graduate of Case Western Reserve University, believes that his device will eliminate the need to remember passwords. He expects the device to be available to consumers by spring 2015, but needs more money for production, so he plans to launch a Kickstarter fundraising campaign soon.
Michael Baird won the $7,500 second place prize as well as the $1,000 audience favorite award for RoboNail, a robotic roofing installation machine controlled by a mobile app.
In addition to the cash prizes, both winners will also receive product design and prototyping hours from SmartShape and coaching from Scientific Entrepreneur Evaluations.