A Lehigh University student took home several prizes totaling $7,500 during the Fifth Annual StartUp Lehigh Valley Entrepreneurial Pitch Competition on Wednesday (Oct. 25) at Factory LLC, an investment company in Bethlehem.
Abdulrasaq “Dulra” Amolegbe ’26 took home a $500 LaunchBox Boost Award, a $2,000 second Runner Up Founder’s Award, and $5,000 from Ben Franklin Tech Ventures of Northeast Pennsylvania for the fin-tech startup company Dot.
A total of $33,000 in prizes were awarded to several contestants. Jonathan Maderic, owner of JMAD Creations LLC of Bethlehem, won the top prize of $20,000.
The competition is similar to the TV show Shark Tank where contestants have only two minutes to pitch their ideas to a panel of judges. After all the contestants have pitched, judges select the winners and the audience votes for an Audience Choice Award winner.
One of the prizes included six months of mentorship with Lehigh Ventures Lab, powered by the Lehigh College of Business and Baker Institute for Entrepreneurship, Creativity & Innovation. Last year, Lehigh University alumna Giana Jarrah ’22 won the $20,000 grand prize for her startup With Merakai Co. that developed a women’s urinary and vaginal probiotic.
Maderic designed a product to better measure pulse and oxygen in people with darker skin. In addition to the grand prize, he also won the six-month mentorship with Lehigh Ventures Lab.
The event was sponsored and run by Lehigh University in partnership with Factory LLC. Entrepreneurs came from as far as California to participate.