Julian Peck of Innoverce Ltd. scooped the top prize after a battle with five fellow finalists.
The £100,000 will be spent on developing the next generation of Cyclaire pumps. The existing pump uses a pull-cord to activate the inflation.
The Cyclaire pump wasn't the only bike trade innovation on the series. Michael Killian's Sideways bike was featured on an earlier programme. A video of his bike - often seen outside the main doors at the Interbike show in Las Vegas - being put through its paces on the show can be watched here.