The New Hampshire High Tech Council (Council) has opened the application period for its annual TechOut event, a startup competition aimed at enhancing the New Hampshire tech ecosystem by awarding investment capital to young startups. Now in its sixth year, the 2017 TechOut event has been revamped with a tripling of the investment award funding from the Millworks II Fund, a partnership among NH investors and the New Hampshire Business Finance Authority.
The Millworks II Fund was created to follow prior funding agreements and the new partnership provides significantly more investment capital awards for winners. For TechOut, the Millworks II Fund will provide $300,000 a year over three years: $200,000 for first place, and $100,000 for second. This is a substantial increase from previous years in which first place received $50,000 and second received $30,000. Read more