Five Finalists Made the Cut for NH Tech Alliance’s 2018 TechOut CompetitionOctober 23, 2018
Aisling Organics, Cyborg, Nolen Ortho, TendoNova Corporation and VentriFlowill compete for $300,000 in investment capital at Nov. 15 event.
Five finalists have been selected by a panel of judges to compete for up to $300,000 in investment capital prizes and free office space at New Hampshire Tech Alliance’s (formerly the NH High Tech Council) 2018 TechOut competition on Nov. 15 from 5:30 to 7:30 p.m. at Oracle + Dyn, 150 Dow St., Manchester. This year’s finalists are Aisling Organics, Aisling Organics, Cyborg, Nolen Ortho, TendoNova Corporation and VentriFlo.
The seventh annual TechOut competition identifies entrepreneurs with plans to develop and market new technology products and funds them through investment capital awards. New to the competition for 2018, Brady Sullivan Properties will donate up to 4,000 square feet of office space and design services to the first-place winner in one of Brady Sullivan’s Elm Street locations.
“The quality of applicants for this year’s TechOut competition illustrates a picture of the strength of the innovative and entrepreneurial ecosystem in New Hampshire,” said Pete Lachance, co-chair of the Alliance’s TechOut Committee and member of the Board of Directors. “We are eagerly anticipating hearing the finalists present at the TechOut event on Nov. 15, where presenters will explain and demonstrate their great ideas, meet investors and others in the industry, and learn more about what New Hampshire’s entrepreneurial ecosystem is all about.”
The finalists for this year’s TechOut competition are:
Aisling Organics, presented by CEO Krysta Lewis, is an organic cosmetics company that is a high-performance, safe alternative to conventional cosmetics. The company’s product is formulated with crushed plants and herbs, which makes it last longer on the face and enables the company to offer brighter pigments.
Cyborg, presented by Founder and CEO Tim Near, provides a voice-activated, gamified, mobile fitness platform equipped with an artificially intelligent activity assistant. The platform uses a score and biometrics to create customized fitness plans.
Nolen Ortho, presented by Founder and CEO Darren Nolen, develops next-generation tissue repair material using controlled activation technology. The company produces a synthetic bone graft that hardens after implantation, bonding to adjacent tissue, possessing a micro-structure mimicking native bone, and encouraging cell ingrowth, slowly resorbing and remodeling into new, healthy bone.
TendoNova Corporation, presented by CEO Roy Wallen, has created the Ocelot™system, a novel medical technology that addresses chronic tendon pain at lower costs in clinical and office-based settings. The company’s technology meets the needs of physicians, payers and patients by improving clinical outcomes, improving patient experience, decreased cost of care and improved physician experience.
VentriFlo (Design Mentor, Inc.), presented by President Doug Vincent, has created a novel blood pump that delivers physiologic flow to achieve superior outcomes and reduce costs for both patients and hospitals. The company’s pump delivers a life-like pulse, which improves blood flow to organs.
TechOut, now in its seventh year, is supported by investment capital awards from the Mill Works Fund II, a partnership among NH investors and the New Hampshire Business Finance Authority. In this year’s competition, winners will be awarded investment capital prizes drawn from a pool of $300,000. The TechOut event includes live pitches from the finalists, an unveiling of thewinners, networking and refreshments.
TechOut is open to startups that have been in business for fewer than five years, raised less than $250,000 in funding and have less than $250,000 in revenue. The lead sponsor for this year’s event is Borealis Ventures. Additional sponsors include: Brady Sullivan Properties, UBS, Oracle + Dyn, Cook, Little, Rosenblatt and Manson, Consolidated Communications, Dunn Rush, Lavallee BrensingerArchitects, Meltwater, Slavic 401k, Clark Insurance, miEdge, Sheehan Phinney, the Entrepreneurs’ Fund of New Hampshire and New Hampshire Business Review.
The event is $15 for Alliance members, $20 for non-members and $10 for students. Tickets are available here or by calling 603.935.8951.Contact:Kathleen Procek, Communications Coordinator(603) 935-8951