The Venture Club of Indiana has announced the winners of the pitch competition at this week’s Innovation Showcase at the Dallara IndyCar Factory in Speedway. The results were determined by a panel which judged three categories: University Track, Start-Up Track and Scale-Up Track.

Organizers say a record number of applicants, 136, were narrowed down to 21 competing and 80 exhibiting companies. Competitors were vying for a share of $115,000 in prizes.

The two-day event was itself a record-breaker. Nearly 1,000 entrepreneurs, investors and other attendees participated. Thursday, day two of the event, kicked off with an announcement from Governor Mike Pence that his administration was pushing for $1 billion in resources to be allocated toward efforts focusing on entrepreneurship and "next generation" jobs and discoveries.

The 2016 pitch contest winners are:

University Track

  • Adranos Energetics – develops propellants, explosives and other energetic materials such as ALITEC, a solid rocket propellant the company says is cheaper, more efficient, more powerful and better for the environment than traditional technology

Start-Up Track

  • Realync – a business-to-business, software as a service company with a platform to create live virtual tours, open houses and pre-recorded videos of real estate using a smartphone

Scale-Up Track

  • myCOI – automation technology for day-to-day critical risk management tasks to verify vendors, suppliers, contractors and tenants for insurance compliance

This year’s judging panel included Rob McDonald, Brandery; Chris Eckerle, BioCrossroads Seed Fund; Tim Kopp, Hyde Park Ventures; Eric Tobias, High Alpha Ventures; Victor Gutwein, M25 Group; Roseanne Burge, Elevate Ventures; Oscar Moralez, VisionTech Partners; Jeff Barry, Plymouth Ventures; Don Aquilano, Allos Ventures.

You can connect to more about the event by clicking here.