Flux Marine named winner of Rhode Island Business Plan Competition

Judges have announced the winners in this year's Rhode Island Business Competition.

Flux Marine, a startup that develops zero-emissions electric outboard boat motors, was declared the top winner in the entrepreneurship track. Founder Jonathan Lord took home $10,000 in cash, plus $40,525 in professional and consulting services and a $15,000 bonus cash award.

Lord will automatically be eligible to enter the Get Started Rhode Island pitch competition, whose application period opened earlier this week.

In the medtech track, ResusciTech took home top honors: $10,000 in cash, $40,025 in professional and consulting services and 20 hours of mentoring services provided by the New England Medical Innovation Center. Led by Abigail Kohler, a recent Brown University graduate, ResusciTech has developed a novel CPR feedback device that will give people the ability to perform CPR accurately in order to increase survival rates of victims of cardiac arrests.

Flux Marine and ResusciTech may have been the top winners, but other finalists—of which there were six in total—took home prizes as well.

In the entrepreneurship track, Cloud Agronomics and Retail Marketpoint each won $5,000 in cash, along with services valued at $13,725.

Meanwhile, bosWell and Synapse Dental each took home $2,500 in cash, plus $13,275, for advancing to the finals on the medtech side of the competition.

"This was a challenging year due to the pandemic but we are thrilled that we were able to support these entrepreneurs," Peggy Farrell, co-chair of the Rhode Island Business Competition and partner with the Hinckley Allen law firm in Providence, said in a statement. "This competition can only award prizes because of the commitment of our many sponsors, and we thank them for their unflagging support. By supporting the competition, they are investing in startups that will help shape Rhode Island's future."

Written by: Rowan Walrath | Inno Associate Editor