Strong Arm Technologies Inc., made up of students from the Rochester Institute of Technology, beat out more than 120 teams from more than 25 colleges and universities across the state to capture the grand prize in the third annual New York State Business Plan Competition.
The event was April 26 at the College of Nanoscale Science and Engineering of the University at Albany.
Strong Arm Technologies received a $50,000 cash prize and more than $20,000 in in-kind services to support their development of the Strong Arm Vest, a form-fitting garment that incorporates a unique system of load-bearing straps to reduce both fatigue and risk potential for employees lifting boxes and other heavy objects in a materials-handling environment. The company was selected by a panel of judges that included more than 30 regional and national venture capitalists, angel investors, investment bankers, and seasoned entrepreneurs.
In addition, three teams each took home $10,000 in cash and more than $2,000 in in-kind services as part of their first-place finishes within their respective categories: SofGrip Robotics Inc. of Cornell University for nanotechnology/clean tech/high tech; ShowCode of Syracuse University for information technology/software; and Innovative Delivery Systems of Clarkson University for products/services.