June 23, 2005 2:05 PM PDT
Hybrid bike wins Yahoo prize
The contestevaluated the best business plans, which attracted nearly 8,000 entries. Ridenhour's invention is the StairCycle, a hybrid bicycle that combines the benefits of a stair-step exercise system with a recreational bike. Ridenhour's StairCycle was selected for its "inventive product and entrepreneurial spirit," by Richard Branson, chairman of Virgin Group and a contest judge.