Truliant Credit Union was one of several sponsors of a competition where student entrepreneurs had to come up with two-minute elevator pitches in the hopes of winning seed capital for their business ventures.

More than $40,000 in cash prizes was handed out to student entrepreneurs at the 12th annual Wake Forest University Schools of Business Elevator Competition March 26. Thirty-five teams from around the world converged at BB&T headquarters in Winston-Salem, N.C. for the contest.   Medtric Biotech from Purdue University took home the top $20,000 prize for creating a method to destroy bacteria for the prevention and treatment of infected wounds. The three-member team received automatic entry into the Venture Labs Investment competition and can qualify for up to a $500,000 investment from the Piedmont Angel Network, according to contest officials.

In addition to $1.4 billion Truliant CU in Winston-Salem N.C., the competition's sponsors included Altria, BB&T, B/E Aerospace, Broyhill Family Foundation, Burt's Bees, Checkpoint, Lowe's and the Piedmont Angel Network.