The LaunchPad 50K Winners have been announced, four teams took home the top prizes amongst the toughest competition the contest has ever had. Teams were made up of students from Wilfrid Laurier, UW, University of Guelph, Conestoga College, McMaster. Entrepreneurs and members of the communities the schools represent also participated in the competition.
The annual venture creation/business plan competition divided the startups into three streams. There was a social entrepreneurship, technology and general industry steam. $50,000 dollars in cash and services were up for grabs with the prizes divided among the winning teams.
The winner of the technology stream was 2G Robotics, a Waterloo based startup that has developed the first underwater laser scanner. The ULS-100 scanner uses laser imaging to create 3D images of underwater objects. 2G Robotics team members Melissa Upjohn, Alison Carere, and Stephanie Hecimovich developed the technology at the University of Waterloo.
Sustainable Waterloo took first place in the social entrepreneurship stream. The not for profit organization aims to guide corporations in the region towards a sustainable future by reducing their carbon emissions. The concept was developed by a former Wilfird Laurier student Mike Morrice, his team members include Micaela Buchnea-Chew and Kyle Pinto.
Two teams tied for first place in the general industry stream. Ethos Cycle a mountain bike design and manufacturing company founded by Sean Sinclair was one of the winners. The other winner was SCImed a startup that sells medical products online for those suffering from spinal cord injuries. SCImed was created by Wilfrid Laurier MBA candidate Michael Johnson.
The LaunchPad50K runners up include a number of exciting startups. The runners up for the technology stream included Allerta, a company developing a smartwatch mobile phone companion and ZAK. The runners up for the social entrepreneurship stream were Core Lifestyles, Pots and Plants and Foundations Housing. The general industry runners up included Canvertising, Soy Care and MyStory.
The LaunchPad50k competition keeps getting bigger every year, these businesses have a lot of potential and it will be interesting to follow these entrepreneurs and see what happens with their startups.