Organized jointly by the NH High Tech Council and Alpha Loft, TechOut is a startup competition that identifies talented, hungry tech entrepreneurs and funds them through investment capital awards of $100,000 a year. Held in the fall, TechOut is a fast-paced event that features live pitches by finalists, displays of their innovations, and networking opportunities with like-minded innovators, entrepreneurs and investors. All share a common goal—to enhance the tech ecosystem.
First place winners receive $50,000, second place $30,000, and third place $20,000. The first two prizes are awarded based on the decisions of an esteemed group of judges with exceptional business experience, the majority of which are members in the Entrepreneurs Foundation of New Hampshire. Third prize is crowd sourced at the event. That’s $20,000 in the hands of the audience voting in real time for the third place winner!
Funding for the awards is provided by 20 New Hampshire accredited investors who share a passion for entrepreneurship and startups. They have each made a five-year commitment to the MillWorks Fund, enabling the TechOut startup competition to be held annually through at least 2016.