MAX Kettle is $8000 richer after taking out the Bendigo Inventor of the Year prize for 2013.
Mr Kettle was awarded the honour for his Bicycle Laser Alignment Tool invention at Friday night's gala ceremony at The Capital.
The Axe Creek resident is a mechanic by trade and enjoys cycling in his spare time.
Mr Kettle said he had been working on his invention for about 12 months.
"It's a tool for aligning steering on all bikes," Mr Kettle said.
"When you take your bike to a bike shop and get it serviced the bike shop would check it.
"Or in the situation where you do your own maintenance at home, you'd check it and that's the same for not only mountain bikes but road bikes.
"So in the racing fraternity this would be huge.
"But it's also for BMX.
"So if a BMX bike that races at the local Eaglehawk track crashes, instead of mum and dad putting their knees between the wheel, getting it aligned and saying, 'I think that's accurate, I think that looks right', this does it accurately and quickly."
Mr Kettle's own experiences inspired him to invent the tool.
"I got sick of not having it accurate after picking my bike up from servicing and I decided I had to do something," he said.
"I'm a mechanic by trade and I come from motorcycling so high-speed stuff where everything had to be accurate."
Mr Kettle is hoping his idea takes off.
"It's something we want to put into production and put out there on the market," he said.
City of Greater Bendigo business innovation officer Dawn Holland said the Bicycle Laser Alignment Tool was a fantastic invention.
“This tool accurately aligns a bicycle’s steering, seat and frame using laser technology fitted with a portable device that is suitable for use on any style of bicycle," she said.
"With the growing popularity of cycling this tool is definitely a winner."
Ms Holland said more than 300 people attended the 2013 Bendigo Inventor Awards Gala Ceremony.
She said were an outstanding success.