New Louisville companies recognized for innovative strategies

TriBlue EngineeringTriBlue Engineering

 

photos from Vogt Awards Twitter Page

(Louisville, KY) –The Community Foundation of Louisville (CFL) and Greater Louisville Inc’s (GLI) EnterpriseCorp announced the winners of the 2015 Vogt Invention & Innovation Awards at a news conference Thursday. The awards target the manufacturing and hardware sector to help startup ideas and products develop into a viable and successful businesses in our region. The Vogt Awards reward entrepreneurs by investing in companies committed to economic growth and job creation.

The Community Foundation’s Vogt Invention and Innovation Fund has supported the Vogt Awards for more than 15 years. In that time nearly $2.5 million has been awarded to 50 companies. The program is administered by Greater Louisville Inc’s EnterpriseCorp, an economic development agency focused on entrepreneurial assistance.

“For the past fifteen years, we have had an impressive group of applicants and winners. This year is no different,” says Susan Barry, President and CEO of CFL. “This Vogt Awards encourages and rewards exciting and innovative ideas that will make a difference for years to come.”

The 2015 winners are:

Hue Innovations

Hue Innovations

  • Hue Innovations LLC – developed MiColor that creates all colors of nail and gel polishes, with various finishes on demand, for nail salons reducing wasted polish and enhancing customer satisfaction, www.hueinnovations.com, Mimi Pham and Balaji Venkatesh.
Inscope Medical

Inscope Medical

  • Inscope Medical Solutions LLC – developed an innovative technology that optimizes intubation, improving the high-risk procedure’s efficiency, speed and safety – saving lives and lowering costs to healthcare providers, www.inscopemedical.com, Maggie Galloway, Dr. Mary Nan Mallory and Adam Casson.
Stinger Equipment

Stinger Equipment

  • Stinger Equipment – created the DL-22 dustless 22-inch saw that safely cuts large blocks in a single pass eliminating fatigue, dangerous cuts and exposure to lung cancer caused from silica dust, www.stingerequipment.com, Dustin McGehee.
Sunstrand

Sunstrand

  • Sunstrand – supplier and processor of value-added bio-material for domestic polymer composites using a proprietary line of bamboo and applied to hemp, kenaf, flax and jute offering increased potential to decrease weight and green-up plastics, www.sunstrands.com, Trey Riddle.
TriBlue Engineering

TriBlue Engineering

  • TriBlue Engineering Corporation – created a sour gas processing unit which allows natural gas processing plants to remove unwanted CO2 and H2S from their lines, www.triblueengineering.com, Hunter Gerlach and Joseph Alexander.

 

The 2015 Vogt Invention & Innovation Award recipients each receive a $20,000 development grant that provides participation in a 10-week Lean Start-Up course by Nucleus: Kentucky’s Life Sciences and Innovation Center, appointment of professional mentors selected for compatibility to the project, and prototype development through the University of Louisville’s J.B. Speed School of Engineering. This includes advanced software, additive manufacture & 3D rapid prototyping, micro/nano technology and more. Winners also have access to GE Appliance industrial design and FirstBuild Microfactory, University of Louisville’s Rapid Prototyping Center and Micro/Nano Tech Center, LVL1 Hackerspace, and the Louisville Mini Maker Faire.

In addition, each recipient receives the opportunity to participate in Vogt Demo Day on November 17, 2015, where they will make presentations to regional investors and compete for a $100,000 award toward the further development of their project.   

The late Henry V. Heuser Sr., a native Louisvillian and founder of the Henry Vogt Machine Company, created a $5 million endowment at CFL to support local entrepreneurship shortly before his death in 1999. Whenever Henry had an idea about how to make something better, quicker, or easier, all he had to do was walk out to the shop floor to assess its viability and commercial potential. His legacy is the establishment of an award that allows engineers and entrepreneurs access the same kinds of resources.

“The Greater Louisville region continues to advance its manufacturing and hardware sector,” said EnterpriseCorp’s Director Lisa Bajorinas. “The Vogt awards spotlight our startups and fast growth companies through Henry Heuser Sr.’s vision.”

Vogt Awards

For more information about the Vogt Invention & Innovation Awards, go to www.vogtawards.com.

About Community Foundation of Louisville

Founded in 1984, the Community Foundation of Louisville is the largest charitable foundation in Kentucky with $430 million in assets and more than 1,350 charitable funds.  Each fund has its own name and charitable purpose as defined by its donors.  In 2014, these funds made over 8,000 grants totaling $45 million to local, national and international nonprofits. A community foundation is unique in that it works with the donors and community partners to leverage collective knowledge, creativity and resources for greater impact than anyone can working in isolation.  For more information, visit www.cflouisville.org.

 

About Greater Louisville Inc.

Greater Louisville Inc. – the Metro Chamber of Commerce is where regional business leaders come together to drive job and wealth creation.  GLI is the region’s largest business leadership organization dedicated to connecting and growing businesses. The organization serves as the voice of the business community, leading the efforts to drive economic growth, fostering entrepreneurship, supporting development of a skilled and talented workforce and advocating on issues that impact the competitiveness of the region.

 

About EnterpriseCorp

EnterpriseCorp is GLI’s entrepreneurial arm. Robust start-up activity and an abundance of fast-growth, entrepreneurial companies is a sign of a flourishing regional economy. EnterpriseCorp is dedicated to nurturing and strengthening this important segment by encouraging risk-taking, cultivating new sources of capital and creating an infrastructure ready to assist these ventures.  For more information, visit www.GreaterLouisville.com or www.EnterpriseCorp.com.

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