Lexington ICC client Cornerstone Innovations wins first 2012 5Across

LEXINGTON, KY (March 5, 2012) –Cornerstone Innovations won top honors at 5Across on Feb. 29 at Awesome Inc. with an idea for a high-flow disposable cup lid. 5Across is five bimonthly rounds of competition where local entrepreneurial teams have five minutes to present their business pitch for a chance at $500 and a presentation to the Lexington Venture Club.

Wade Powell and Geoff Carlson with Cornerstone Innovations told the judges that the lids will allow runners to consume water or sports drinks quickly without slowing down, choking or spilling the liquid. Their pitch was chosen by a panel of local experienced entrepreneurs and business leaders, and an audience texting in their votes.

Watch a video about Cornerstone Innovations' disposable cup lid.

Cornerstone Innovations is a client of the Lexington Innovation & Commercialization Center and Commerce Lexington. The Lexington ICC is part of UK's Von Allmen Center for Entrepreneurship.

In December, Cornerstone Innovations will have the opportunity to win more money at 5Across finals when all five 2012 winners will compete for a $4,000 grand prize and $1,000 for the runner-up. The grand prize winner will also have the opportunity to pitch to the Bluegrass Angels.

This is the third year for the 5Across competition, which is a collaborative effort by the Lexington Venture Club, Awesome Inc., Commerce Lexington and the Lexington Innovation & Commercialization Center, part of the UK commercialization and economic development office.