LAUNCH Winners Selected

-
The LAUNCH finals were held on September 30th at the Peoria NEXT Innovation Center. The business plan competition was coordinated by the chambers of commerce in Pekin, Peoria, East Peoria and Morton, plus SCORE Bradley University's Turner Center for Entrepreneurship and Peoria NEXT Innovation Center.
Sivaprasad Akasam and Sridhar Deivasigamani won the competition with their their Intellihot water heater concept. They received several prizes, including membership in the area chambers and a grant of $3,000 to help start the business. Their business, Intellihot Green Technologies, hopes to produce and sell a tankless compact water heater. The pair of entrepreneurs previously worked as engineers at Caterpillar.

The other finalists at the LAUNCH competition were:
  • Medicine Management System, which hopes to sell software that will make tracking and use of prescriptions and medications easier;

  • Drake Bed and Breakfast, which will be located in downtown Morton and also feature a bistro;

  • U-Exchange, which is an internet based website that hopes to match up buyers and sellers of college furniture, equipment, supplies, etc.;

  • Tranquilitea, located in Peoria Heights, will be a specialty tea lounge serving teas and specialty drinks;

  • Fashion Highway, a business looking to help fashion students promote their designs.

Comments

Post a Comment

Popular posts from this blog

Local High School to Win a SMART Board in 5th Annual Recycle Your Style Contest

-
Goodwill of Central Illinois will hold the 5th Annual Recycle Your Style Contest. High school students within Goodwill’s territory are encouraged to donate their used clothing. The high school that donates the most pounds of clothing will win a SMART Board donated by Bradfield’s Computer Supply. The contest runs from October 1st through October 31st. “This has been a very successful campaign for us,” said Bob Parkhurst, Goodwill Vice President. “We are grateful for Bradfield’s Computer Supply’s donation of a SMART Board each year. That prize really heats up the competition among the high schools.” Donations of items other than clothing are encouraged, but only clothing will count toward the contest. Only high schools are eligible, but others can participate including teachers, family and school supporters. Donors need to tell the Goodwill donation attendant which high school they are supporting for their donation to be counted. Donations can be made at any of Goodwill’s nine stores o
Read more

Illinois Chamber, Government Affairs Report

-
Image
          GOVERNMENT AFFAIRS ------------ Report     July 12th, 2024    This Week in Illinois   President & CEO Sandoval Testifies in Senate Transportation Committee Hearing on Mass Transit and the Economy   On Tuesday, the first of at least six hearings on public transit was held at the Bilandic Building in Chicago. There is an anticipated funding gap that will arise for regional transit in 2026 after COVID-related federal funding has been exhausted. The budget deficit is projected to be $730 million to return to pre-pandemic service levels. This first Senate Transportation Committee hearing was on how transit supports the economy.   The series of hea
Read more