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MSE alum, 2018 InVenture Prize winner, and archery startup surpasses $1M in revenue
2018 InVenture Prize winner continues to bring new technology to the competitive world of archery.
Earlier this month, 2018 InVenture Prize winner, entrepreneur, and CEO Kolby Hanley celebrated the milestone of surpassing $1M in revenue. His Duluth-based company ULTRAVIEW Archery offers state-of-the-art products to competitive archers across the world. Hanley, a 2019 Georgia Tech Materials Science and Engineering graduate, is still fond of his roots as the company sees more and more success.
“I was a competitive archer, and we used lights all the time for low-light conditions. However, there was never really a solution for it. You’d have to buy an external light kit that mounted to your bow, and it just wasn’t good,” Hanley described.
Deciding to take matters into his own hands, Hanley worked to develop his very own scope with integrated lighting, ultimately taking it to the 2018 InVenture Prize. Here he refined his product, began his startup, and later took home the $20,000 grand prize with StarLight, a scope since updated and sold as The ULTRAVIEW 2.
Since graduation, Hanley has been working to bring a wider variety of products to the competitive archery community. The company’s most recent one is The Hinge, a hand-sized release designed for compound archers.