Five Ventures competition kicks off with February workshops
By Sam Boykin CHARLOTTE — Charlotte biotech company HepatoSys, Inc. recently received a $2 million grant from the National Institutes of Health to develop a product that preserves organs for transplantation. Yap, Inc., a Charlotte technology company whose platform converts speech into text on mobile phones, secured $6.5 million in 2008 to expand research and development. These are just two of the success stories that were borne out of UNC Charlotte’s Five Ventures Business Competition. Now in its ninth year, Five Ventures is hosted by the university’s Charlotte Research Institute, with emphasis on early-stage, high-growth companies. Winners receive cash prizes and in-kind services such as legal counseling and marketing help. Applications for this year’s competition are due Feb. 16 and the final event is on April 13.