Kentucky Highlands Investment Corp. announced Wednesday the winners of the second round of its statewide business plan competition. This phase, for which $2,500 was awarded to each of the three winners, required participants to submit a three- to six-page summary of their business plans and how they plan to commercialize them. The winners were:
■ Somerset's B2 Solutions Development, which is developing software to streamline the documentation required for approvals by the federal Food and Drug Administration.
■ Corbin's Old Kentucky Logs, which uses molds of 150-year-old logs to create concrete logs with an antique look.
■ Louisville's UltraTrace Detection, which is developing technology for hand-held explosive detection devices.
The final phase of the competition, the oral presentation competition, requires initial entries to be submitted by Oct. 11. It's open to previous entrants and companies that did not submit entries in the previous phases. The winner receives $10,000 and a year's free rent at Kentucky Highlands' Business Innovation and Growth Center in London. Runners-up receive $5,000 and $2,500. Both receive six months of free rent. For rules and applications, visit KHIC.org.