Lucky Lotto Scratcher

David Chettle of Fort Erie, Ontario asked for $100,000 for 20 percent of Lucky Lotto Scratcher, a pencil-like device made of rolled paper and a patented material designed to remove residue from scratch lottery tickets, removing up to 90 percent of the mess. The scratcher costs 27 cents to make and sells for $1.60, is sold through Avondale, 7-Eleven, CNIB kiosks, Walmart locations across Canada, and was recently added to Sobeys, with a casino in western Canada buying 1,000 units a month. Chettle holds the patent, spent close to $8,000 obtaining it, invented and manufactures the product overseas, and has sold $65,000 this year after selling out an initial order of 20,000 units, working alone on sales.

Michael Wekerle, Jim Treliving, Michele Romanow, Joe Mimran, and Manjit Minhas all declined to invest, citing concerns that the business was not scalable, relied on one person, or was too small an opportunity for their capital. No deal was made.

Lucky Lotto Scratcher is still operating and sells through its website.