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UCF Graduate of Incubator Program pitches to the sharks!
on Thursday, May 17, 2012
Phil Dumas, a UCF ’05 alum & graduate of the UCF Business Incubator Program, beat out more than 24,000 applicants for the opportunity to compete on the ABC reality show, “Shark Tank.”
On the May 18 episode, Dumas presents his business concept to the ‘sharks’ (the panel of investors) in hopes they bite big and award him investment cash to grow his business.
Dumas is president of Unikey Technologies, makers of a Smartphone application-based entry system for the home. The product allows a resident to simply touch their door to enter their home – no key is required – as long as they have their Smartphone with the Unikey application in their pocket or purse. The product experience is based on today’s keyless entry systems on automobiles, where one can access their car without using a key or pushing a button. As long as the key fob is on them, they simply touch the handle and the car unlocks.
Using Smartphone and Bluetooth technology, Dumas developed the Unikey idea and launched Unikey Technologies, which joined UCF’s Business Incubator Program in 2010. Because of its rapid growth and success, the company ‘graduated’ from the incubator later that year.
To read more about this episode of Shark Tank check out the articles below.
Orlando Newspaper Link: http://www.orlandosentinel.com/technology/blog/os-shark-tank-ucf-phil-dumas-20120511,0,1942017.post
UCF Link: http://today.ucf.edu/ucf-engineering-alum-gets-in-shark-tank-may-18/