DANVILLE — The Big Launch Challenge, a joint venture between The Launch Place in Danville and First Flight Venture Center in Research Triangle Park, N.C., has announced finalists for its competition on Tuesday, May 19.
The challenge, which is designed to showcase business plans for innovative ideas, will take place at 1 p.m. at the Institute for Advanced Learning and Research in Danville.
Six finalists were chosen from 37 applicants from nine different states.
Camras Vision, developer of the patented Camras Shunt. This device provides personalized pressure control to stop the progression of glaucoma.
GO Leaf, a cost and energy efficient producer of graphene.
Indexus Biomedical LLC, whose goal is to develop a revolutionary medical device to affordably bring advanced diagnostic testing closer to primary care.
SeaChange Technologies, who aims to provide sustainable solutions for water purification and desalination.
Tom & Jenny’s Candy, the maker of naturally sweetened, cavity-preventing, and diabetic-friendly, delicious candies.
Velosal Medical, Inc., an innovative developer of medical devices for critical care and emergency medicine.
The Big Launch Challenge offers startups business networking and capital opportunities, as well as critical resources.
The goal of the program is to foster entrepreneurship by offering education, team creation, mentorship, early-stage prototyping, and potential seed financing, a spokesman said.
Startups from nano technology, green technology, alternative energy, advanced manufacturing, advanced materials, medical devices, and information technology industries were invited to apply.
The top two contestants will be awarded up to $20,000 for the first place and $10,000 for second place.
The event is free and open to the public. A reception is scheduled at 5 p.m.
Participants can register to win free business consulting hours from The Launch Place.
The keynote speaker and moderator will be Troy Knauss, vice chairman of the board of trustees of the Angel Resource Institute, a non-profit spinout of the Kauffman Foundation focused on education and research initiatives for early-stage investors.
The Launch Place is funded by a $10 million grant from Danville Regional Foundation.