Babylocity LLC won Lexington’s 5Across competition in April.
Liberate Medical just graduated from the XLerateHealth healthcare accelerator program.
But based on the generous purse for this particular competition, we’re likely to start hearing a lot more from one of the four startups competing at the Vogt Award’s Demo Day on Nov. 21.
The three hardware-focused startup companies will present their products and the Vogt Award winner — with a prize up to $100,000 — will be announced.
The Vogt Award’s inaugural class includes:
- Babylocity LLC — A Frankfort-based company developing innovative products for babies. Its first product, Mix&Go, is a baby-feeding bottle that stores and mixes water and baby formula powder
- Liberate Medical — A Louisville-based medical device company that was spun out of Apellis Pharmaceuticals. Liberate is developing two devices to help respiratory patients
- ModBox Storage LLC — A Louisville-based company making modular shipping and storage boxes for contractor job sites
- Wixel Technologies — A Louisville-based company creating a product for the visually impaired that allows users to use a tactile device to interact with digital data.
The Vogt Program began in 1999 as a result of a $5 million gift from the late Henry Vogt Heuser, a local inventor and entrepreneur. Heuser, who passed away in 1999, was the third generation of his family to head the Henry Vogt Machine Company.
Heuser intended to support entrepreneurs and inventors with the expectation that the winners would bring some benefit to Louisville. The endowment sheds $200,000.
For the first decade, the Vogt Award was a cash prize. After a one-year hiatus, the Vogt Awards were reimagined as an accelerator program with a competitive Demo Day. This is the first year of the newly-structured program.
We asked EnterpriseCorp Executive Director Tendai Charasika what’s meant by a prize “up to $100,000.”
He said, “The Vogt Selection Committee will make the determination based on criteria such as, but not limited to: product validation, progress during the program, economic impact to the greater Louisville region and use of funds awarded.”
Who makes the final determination? Charasika said, “Unfortunately, the Selection Committee is to remain anonymous per the wishes of the endowment. They are folks that walk among us in the entrepreneurial community — business owners, entrepreneurs, investors, etc.”
After the Nov. 21 presentations, attendees will have a chance to meet the teams and visit The Nucleus space. Doors open at 2:30 p.m., presentations start at 3 p.m. and the winner will be announced at the end.
This is a free event, but registration is required.
For more information on the Vogt Awards, click here.