Western students Cyrus Nambakhsh and Hassan Ahmed from the Medical Biophysics and Biomedical Engineering programs presented their new venture, iGNiTeck, at the TechAlliance ’60 second pitch’ competition. The pair earned $7,000 in business acceleration services.
The 60-second pitch is a three-part program including a workshop where 14 finalists were invited to pitch a panel of three judges, American Idol-style, at an open-door event. The program concluded with an awards ceremony on June 28, where three teams were awarded $30,000 in acceleration services provided by local businesses.
iGNiTeck has been developing its product since January, and aims to implement its virtual training platform in fitness clubs worldwide. The iGNiTeck team has raised $40,000 in private investment and matching-grant funding in preparation for their product’s beta test which will take place later this year in partnership with The Athletic Club (north location) and Fitness Forum, both in London.
The IGNiTeck team has been working out of their individual offices on campus and closely with BizInc, the student business incubator located at Western and Fanshawe College.