Posted: Oct 23, 2013 10:49 PM by Connie Tran, KSBY News
Updated: Oct 24, 2013 7:19 AM
The 3rd Annual Tech Pitch competition was held on Wednesday night at the Alex Madonna Expo Center. It gave local entrepreneurs an opportunity to pitch their tech-related business ideas to a panel of industry experts, and they could potentially get start-up money. Eight contestant groups participated in the competition, and ideas ranged from a private social networking app to a natural inert gas preservation system. The companies Bakbone and Bishop's Peak Technology tied for the first place title. Bakbone was created by a local doctor, in an effort to hold his i-Pad and stay sanitized at the same time. It's a ring-like device that attaches to the back of an i-Pad or tablet to give the user a secure grip. The other winner was Bishop Peak Technologies. The trio group of entrepreneurs created a transit vehicle tracking and multi-platform mobile app development. The men are Cal Poly graduates. "They've invented their own products and they want, they want to raise capital, you know. This is their first chance to be in a place, in a room with investors, where the only focus is them and their business," said Chelsea Brown, with the Cal Poly Center for Innovation and Entrepreneurship. For many, the opportunity to pitch in front of investors was priceless. Jessie Becker, the co-founder and CEO of Inpress Technologies, won the competition last year. Her company created a medical device to stop post-partum hemorrage. Becker said, "Even the teams that don't win tonight, I think have a fantastic opportunity to make some connections and make the validation they need to move forward." The runner-up award went to the company MegaMatter, which invents and commercializes innovative, sustainable materials for built environment. The other entrepreneurs included HomeSlice, Crowdismo, Haberdashion, IronWood Designs - Bloxygen, and Edufii. Some of Wednesday night's contestants were professionals, and others were college students or recent grads. Tech Pitch was put on by both Cal Poly and Cuesta College. Officials said they hope next year's event is bigger and better.
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