A team of engineering and business students who’ve developed a way to refill dry erase markers is the latest winner of an annual elevator pitch competition at Colorado Mesa University.
Hayden Murphy and Ashley Weber presented the pitch for Infinite Ink in the finals of the event held as part of Entrepreneurship Day at CMU. The team also includes John Fowler, Zachary Kennison, Makayla Kovac, William Ramsey and Shauna Whittier.
Infinite Ink has developed a dock that refills dry erase markers. By one estimate, 70 million dry erase markers are thrown away in the United States each year after they run out of ink, Murphy and Weber said.
They estimated Mesa County School District 51 alone could save up to $100,000 over the course of 10 years in refilling dry erase markers rather than discarding them.
The students expect to work over the summer on securing a patent.
A team comprised of Kasey Benish, Zach Hamm, Tierney Mitchell and Aaron Raper placed second in the elevator pitch competition with its presentation for Supplements Your Whey. The business would install vending machines in health clubs and gyms to dispense single-serving protein drinks as well as ear phones and hair ties.
A team comprised of Alison Darnell, Eric Nimtz, Jonathan Stelling and Caleb Wagstaff placed third with its presentation for Now You See Me. The team developed a lighted device to display house numbers when an alarm is pressed, in turn making it easier and quicker for emergency personnel to respond.
The three teams that competed in the finals during the Entrepreneurship Day luncheon were selected from among teams making over 30 business pitches in a preliminary competition.