News & Events

The TechCelerator@State College Announces $10,000 Winner – WearIT!

State College, PA – On Tuesday, December 5, 2017, the BF TechCelerator@State College awarded a cash prize of $10,000 to a graduate of its latest Business Startup Boot Camp for Entrepreneurs. A team of judges from the local community made the final decision on the winning presentation.  The winner, WearIT (James Mundie, Dr. Zita Oravecz, and Dr. Tim Brick) developed a biometric hardware/software monitor for addiction treatment.

The event, which was attended by other emerging tech-entrepreneurs as well as potential investors, highlighted the business startup presentations of five entrepreneurs who had gone through a ten-week program targeting tech startups.  Each made their pitch to a standing room-only-crowd about their intended target market, the pain point their product or service alleviates for their customers, and how their idea will make money for them and future investors.

Other presenters included:

  • Weslie Khoo with Bold Foods, a company that developed an improved Cricket Powder & Cricket Pasta
  • Hosam Fathy and Chu Xu with Balanced Energy, a company that is developing a new technology for integrating photovoltaic solar power sources and batteries in a cheaper, safer, more efficient, and more scalable manner.
  • Dan Hayes and Matt Henry with OsteoSynth, a company that developed synthetic bone grafting material for dental implants.
  • Rachel Walker with LipiMet, a company that is developing an alternative test of insulin resistance using plasma fatty acids instead of glucose in a simple, clinically friendly test that can predict the development of diabetes.

Bob Dornich, Director of the TechCelerator, commented, “This group of entrepreneurs gave it their all for the past ten weeks! Our process is not an easy one, and we consider anyone who fully participates and gets to this point a winner. Congratulations to our grand prize winner and many thanks to our community partners including Invent Penn State for their continued support.”

About the TechCelerator@State College: Located in the Technology Center at 200 Innovation Boulevard in State College, the TechCelerator @ State College is a partnership among several of the area’s economic development providers including Invent Penn State that offers budding entrepreneurs designated space, loan and investment programs, business support and mentoring services, and entrepreneurial training all housed in one location.   For more information, visit http://www.techceleratorstatecollege.org