An innovative glove beat out grunts and coupons Thursday afternoon in a showdown of entrepreneurs from the Triangle’s three biggest universities.
Senior Kyle Foti of N.C. State earned a lunch with community business leaders for his winning presentation at the Tobacco Road Challenge, part of a daylong event pitched at local entrepreneurs. Foti’s business, Diagnostic Apparel, is working on a prototype that would provide continuous monitoring of blood sugar in diabetic children. The device, which he believes can be assembled for less than $500, would replace an uncomfortable ritual in which parents must wake their children thrice nightly and prick their fingers to check glucose levels.
Foti’s solution seemed to resonate with a panel of established entrepreneurs that questioned him and the other presenters.
“I would rather sleep with a glove on than get woken up and stabbed in the hand three times a night,” said Joe Davy, co-founder of Durham enterprise intelligence firm EvoApp.
“It solves a very important problem and it saves the medical system a lot of money,” fellow panelist Miles Palmer of Durham technology incubator Palmer Labs said admiringly.