LOUISVILLE, Ky. (Aug. 23, 2017) – Six local startups are the 2017 Vogt Awards recipients. Each winner will receive $25,000 in non-dilutive funding and an additional package of valuable services and mentoring for early-stage entrepreneurs.
The winning companies are:
Eidolon LLC protects families threatened by the dangers of vacant properties through the deployment of proprietary devices that alert EMS when a property catches fire. Customers pay per device per month and a one-time installation fee. Eidolon successfully finished a 6-month pilot with Louisville Metro Government and will begin roll out in the third quarter of 2017. Eidolon’s growth is focused on cities and Property & Casualty insurers. Nathan Armentrout, James Gissendaner, and David Jokinen founded Eidolon.
HeXalayer LLC is an innovative technology startup focused on the exponential improvement in lithium ion (Li-ion) batteries. The material used in their patent pending technology has been extensively studied, with reproducible methods of synthesizing. It was integrated into 30 prototype battery cells, tested and the reproducibility of the battery performance was confirmed. This new material improves battery capacity by 400% with 15 times less weight for the unit battery cell. The company is run by CEO Harutyun Vardanyan and CSO Tereza Paronyan. www.hexalayer.com
The Lokator Pitching Academy LLC is a patented strike zone system for baseball and softball pitchers that is used for instruction, evaluation, and predictive analysis. The company developed vision technology for the iPhone that detects the location, velocity, and trajectory of pitches thrown, and then exports big data to their proprietary online database. The product is unique in that it is the first to use vision algorithms to automatically document pitch location with a mobile phone camera. Stephen Stemle is the company’s founder. www.lokatorpitchingacademy.com
Meta Construction Technologies LLC is a construction-tech firm that’s giving control to the asphalt industry with its innovative Fleet Dispatch software solution, BlackTop, a mobile app. The asphalt industry loses $1B annually due to avoidable trucking related expenses. Typical GPS Fleet Solutions use expensive hardware and are built for companies that own trucks, not companies that subcontract them. MetaCT Contractors request trucks from trucking vendors and tracks drivers using BlackTop. Nick Mcrae is the company’s CEO and Maxwell Kommor is the founder. www.meta-ct.com/
RCM Brain, Inc. helps healthcare providers collect more revenue from insurance companies by analyzing their contracts and claim payment information. The initial contingency fee service offering is designed to identify missing revenue from contractual underpayments and invalid denials. A planned subscription software platform will automatically identify billing and collection opportunities, while increasing the speed of claims processing with detailed productivity tracking. RCM Brain is led by John Williamson, CEO, Lee Hyman, COO, and Ren Decena, CTO.
WeatherCheck, Inc. monitors residential property addresses 24/7/365 via a SaaS subscription model. They then provide a historical report giving actionable steps to help property owners and service providers complete the insurance claims filing process. WeatherCheck decreases the overall cost of typical home improvements by 85% and increases claims filing success by 90%. Demetrius Gray is WeatherCheck’s CEO and Jermaine Watkins is their CTO. www.weathercheck.co
The Vogt Awards help startup founders develop product ideas into viable and successful businesses by providing not only funding, but also dedicated mentorship and focused workshops.
“We had a record number of applicants for this year’s program,” Ellie Puckett, Commercialization Director for EnterpriseCorp, said. “Out of 64 companies, we feel that these six early-stage startups are developing the most scalable business models through innovative, technology-based products. We are looking forward to accelerating their growth even faster over the next several weeks.”
Henry Vogt Heuser Sr., who established the Vogt Invention & Innovation Fund at the Community Foundation of Louisville, had a strong vision for growing innovation in Greater Louisville. Heuser pioneered the creation of multiple inventions during his career. The Vogt Invention & Innovation Fund, an endowment at the Community Foundation of Louisville, was created to help support entrepreneurial efforts of engineers and innovators to fund the product development and commercialization of their ideas.
“The success of this program is a testament to the legacy of Henry Vogt Heuser,” said Susan Barry, President & CEO, Community Foundation of Louisville. “His generous gift to the Community Foundation of Louisville is what accelerated companies like Inscope Medical, MailHaven, FreshFry, and many other Vogt Award winners.”
“The effort of the Vogt Selection Committee is so valuable. A dozen local, experienced entrepreneurs each reviewed dozens of applications online, and devoted a challenging 9-hour day to scrutinize a pool of finalists in person, before selecting the award recipients,” Greg Langdon said. “We cannot thank them enough for their commitment to this vital program.”
EnterpriseCorp will conduct the Vogt Awards’ mentoring programming throughout the fall. There continues to be broad support for the accelerator program where the Vogt Award winners are introduced to a wide range of mentors and experts.
Last year, fifteen executives dedicated their time to work with the recipients during the Vogt program, including three CEOs of prominent Louisville tech startups who met weekly with the companies in the Vogt accelerator. The Louisville business community dedicated a total of 300 hours of unpaid effort to make the Vogt Awards program a success, and to enhance the benefits provided by the generous grant from Henry Vogt Heuser.
Vogt Demo Day will be held in November during Global Entrepreneurship Week and each winner will have the opportunity to showcase their business to the community and share the progress they are making thanks to the funding, collaboration, mentorship, and support services.
For more information, visit http://www.vogtawards.com/.