University of Colorado Boulder, 1999 - $15,350

The Eye-Lock is a better bicycle lock. With the touch of a button, Eye-Lock enables the automatic unlocking of a bicycle and recoiling of the lock cable. The lock is controlled by an encoded infrared transmitter/receiver, and one click eliminates the usual fumbling with a tiny key into an awkwardly located lock opening.

The idea for the Eye-Lock originated in an engineering and entrepreneurship course. Three mechanical engineers from the course team decided to continue the project.