New Hampshire companies vie for $100,000
in prize money at third-annual event
Manchester, NH – The next round of entrepreneurs competing for $100,000 in prize money as part of the 2014 TechOut competition has been narrowed down to nine semifinalists. TechOut is New Hampshire’s largest startup competition, providing half a million dollars in financing over five years to entrepreneurs with the most viable plans to develop and market new technology products or solutions.
TechOut is a partnership between the NH High Tech Council (NHHTC) and Alpha Loft (formerly abiHUB). The partnership represents a cohesive effort to grow the state’s tech ecosystem. The third annual finalist event will be held at 5:30 pm on Thursday, October 2 at Dyn, 200 Bedford Street in Manchester and includes live pitches from finalists, an announcement of the three winners, networking, food and beverages.
The semifinalists for this year are: Align Revenue of Manchester, New Hampshire, Attic Gem of Hampton, New Hampshire; Apply Kit of Manchester, New Hampshire; Car Compass of Bedford, New Hampshire; Repco of Greenfield, New Hampshire; Rocket Check of Dover, New Hampshire; SwitchNote of Towson, Maryland; UConnect of Manchester, New Hampshire; and VidFall of Manchester, New Hampshire.
“We have a very strong pool of semifinalists for this year’s TechOut competition, said Matt Cookson, executive director of the NHHTC. “It’s really exciting to recognize these startups, many of which are brand new to us and our tech ecosystem. TechOut is an opportunity and introduction for those companies, and we’re greatly looking forward to hearing finalist pitches on October 2 and awarding $100,000 to our top three.”
The competition is open to startups that have been in business for fewer than three years, raised less than $250,000 in funding and have less than $250,000 in revenue. The competition awards $100,000 in prize money each year: first place receives $50,000, second place $30,000 and third place $20,000. The field will be further narrowed to finalists prior to the event. A panel of judges will then select the first and second place winners, while the third place winner will be decided entirely by the audience the night of the event.
The lead sponsor for the 2014 TechOut competition is Borealis Ventures. Other sponsors are: BerryDunn; Centrix Bank; Cook, Little, Rosenblatt & Manson; Credit Suisse; Dunn Rush & Co; Dyn; Holloway Motor Cars; Hypertherm; FairPoint Communications and Wasabi Ventures. The TechOut Media Sponsor is New Hampshire Business Review.
About the NH High Tech Council: The NH High Tech Council engages, connects, and supports member companies throughout New Hampshire. As the largest member-driven technology association in the state, the Council supports research, innovation, and economic and workforce development efforts that have helped New Hampshire become a national leader in entrepreneurship and business. For more information, visit NHHTC.org.
About Alpha Loft: Alpha Loft is dedicated to accelerating the development of early-stage, scalable businesses, commercializing the intellectual capital developed at UNH and other leading educational institution, and creating sustainable employment opportunities in the state of New Hampshire. Partnered with UNH, Alpha Loft supports and provides resources to entrepreneurs, improving their prospects for successfully launching and scaling innovation-based businesses. Alpha Loft’s success means a strong entrepreneurial culture in NH, creating companies and high quality jobs. In addition to high value programming, events, advice, and mentoring, Alpha Loft has locations in Durham, Portsmouth, and Manchester where entrepreneurs can start and build their companies.
Contact: Matt Cookson