The annual competition provides up-and-coming entrepreneurs the opportunity to pitch their product and business innovations to a panel of judges, with a chance of winning prizes which together add up to over $55,000 in cash and business support services.
The six finalists were divided into two categories based off their business. The winners are. . .
Alex Bushell and Steve Wright of Lab Improvements took the grand prize in the Innovation Stream with their product CapTrack!
The innovative healthcare advancement stores and manages medical tubes with the ability to cap and refrigerate the product. Meant for medical laboratories, the CapTrack provides a fast, safe, and organizational way for anyone in the healthcare sector to better keep track of inventory.
Lab Improvements also left with the $200 FastStart prize, rewarded to an entrepreneur under 30 to add towards their business growth.
Brothers Tim and Dan Waggoner of Loch took the grand prize in the Goods and Services stream with their sunglasses product!
Crafted from 500 year-old water recovered timber from the Great Lakes, Loch sunglasses are made in Peterborough and sell online in a range of frames and lens styles. Loch’s sunglasses aim to create a bold style through high quality local resources while supporting sustainability in the production of their product.
“We’re really grateful that Bears’ Lair exists and that there is such a supportive community for start-ups and entrepreneurs,” said Tim Waggoner. “The prize package is going to push our business forward even further and faster.”
The noted four runner ups who pitched walked away with $1,000 for making it into the finale:
- Mont Pellier
- TreeWell Limited (That Dam Tea)
- Ship Shape Service – who also was awarded a free year membership by the Women’s Business Network of Peterborough.
The Venue was fully packed with entrepreneurs and supporters, watching each business pitch their ideas and face a panel with questions that challenged their business plan.
Diane Richard, Bears’ Lair 2017 Chair said she was impressed by the entrepreneurs preparation for the finale.
“We had a very robust line up of entrepreneurs this year and they all did a remarkable job with their business plans, displays and pitches,” she said. “We applaud everyone who participated in this years’ competition and we encourage them to continue to develop and grow their businesses and connect with the Peterborough and the Kawartha’s business support community.”
Congratulations to the winners of Bears’ Lair and all who competed!
The Innovation Cluster is a proud presenting sponsor for Bears’ Lair in supporting entrepreneurs in Peterborough and the Kawarthas.