A sold out crowd of over 300 people gathered at the NASCAR Hall of Fame to hear start-up business pitches from nine innovative high-growth companies on Thursday evening. This year’s competition awarded $113,500 in prize money and including the $50,000 grand prize from Charlotte-based Vaterra Capital.
The event featured remarks by Mayor Anthony Foxx on the importance of entrepreneurship in the Charlotte region. Dr. Robert G. Wilhelm, Vice Chancellor, Research and Economic Development at UNC Charlotte opened the event with an update on the university’s commitment to entrepreneurship support. Paul Wetenhall, president of the Ben Craig Center, Inc., offered insight into the region’s collaborative efforts to build a strong entrepreneurship and innovation platform.
Eighteen finalists waited with anticipation for their names to be called as one of the 9 teams to make a final five-minute pitch and respond to rapid-fire questions from the judging panel. Having already competed earlier in the day to determine the category winners the teams now were pitching to win the $50,000 grand prize.
The judging panel included multiple perspectives from experienced investors. Panelists included Paul Grim, Sunbridge Capital, John Cambier, Idea Fund Partners, Marjorie Benbow, North Carolina Biotechnology Center, Rajeev Kulkarni 3D Systems, and Mike Marvin, MDM Advisors.
Grand prize winner, CanDiag, Inc, will receive a $50,000 convertible-debt note from Vaterra Capital. Founded by UNC Charlotte researcher Dr. Pinku Mukherjee the company has developed a novel technology that accurately detects early breast cancer. Dr. Mukherjee observes, “The investment will pave the path for further clinical validation and regulatory approval to offer women an early detection breast cancer blood test. The anticipated impacts are greater peace of mind to women from a more accurate test, and improved survival with early detection. Further, it is expected that healthcare costs will be lowered with the reduction of redundant expensive testing. “
Prior to the evening event the 18 finalists went before panels of experienced angel investors to determine the category winners and who would present at night. The Ben Craig Center hosted 20 angel investors from throughout the Carolinas that brought their knowledge and investment dollars to judge the finalists in Charlotte.
The $10,000 Category winners included New Energy and High Tech category winner InfoSense, Inc (Charlotte, NC); IT and Informatics category winner Deal Cloud (Charlotte, NC); Consumer Products and Services category winner Mobile Potential (Asheville, NC); and Life Science and Biotech category winner Qualiber, Inc. (Chapel Hill, NC). The student category winner was Instruct Health from Queens University. The social enterprise category winner in partnership with Queens City Forward was Bamboo Apparel (High Point, NC). The J. Chris Murphy award was awarded to the top UNC Charlotte student team PipePro.
Over the course of the evening the audience reviewed each of the pitches in preparation for their chance to choose the People’s Choice winner. When the audience was asked to cast their vote via text message the $1,000 People’s Choice Award went to Deal Cloud of Charlotte, NC.





