Uno Creation Scores Big
19-year-old inventor pitches concept to "The Dragons"
Gulak managed to get all five investors to cough up 1.25 million (CDN) for 20 percent of his company without even getting to touch, feel or try out one of the prototypes. Ben claimed on the show that he is looking to sell the vehicles for about $5,000 and his goal is to have the Uno available in the market next year, not only in North America but also in the rest of the world.
I first saw this concept online in the beginning of the year which has now shown up on many websites, blogs and magazines over the year. It goes about 15mph and moves with the help of batteries and gyroscopes, working similarly to the Segway. To me it looks less comfortable and practical than the Segway but we’ll have to wait and see.
For some great comments on the pitch from the TV show or to watch the episode itself, click on the links below.