LOUISVILLE, Ky. (April 25, 2012) — Three companies have been named 2012 Vogt Award winners by EnterpriseCorp, the enterprise development arm of Greater Louisville Inc., and The Community Foundation of Louisville.
Intended to recognize excellence in product innovation and inspire inventors to see their ideas reach full potential, the Vogt Awards annually provide up to $250,000 in grants.
From a record number of 81 applicants, this year’s winners are:
• Ikotech – a company leading the bio-technology business world, specializing in novel, high-speed magnetic cell sorting systems for use in life science applications.
• Mobile MedTek — a company focused on the mobilization of medical technologies, with a goal to change the way medical testing is performed in the future. Products and services are customized to each client’s specifications allowing the client to be more productive and thus more profitable.
• Ucloser – a company providing a unique set of solutions for the real estate industry, with a powerful, business-oriented software platform and management services for real estate brokerage and all processes necessary for closing the deal.
Recipients are selected by a 12-person committee, chaired by Ty Adams, managing director of Adams: Kinkade Design LLC, based upon their concept’s merits of innovation, technical excellence, strategic business planning, competitive positioning, potential market value, time to market and anticipated social/economic benefits for the Greater Louisville area.
Since its inception in 2001, the Vogt Awards have invested more than $1.9 million in awards to 27 early stage companies. The infusion of cash into innovative concepts aids winners in the commercialization of new companies and fuels the regional economy.
The award is made possible by an endowment from Henry Vogt Heuser Sr., former president of Henry Vogt Machine Company. The award memorializes the Vogt entrepreneurial tradition by providing engineers, scientists and entrepreneurs with grant money to fund the product development and commercialization of their ideas.