NEW HAVEN — Ten local startups made a pitch for some prime investment to take their companies here the next level.
A total of 11 entrepreneurial teams took part in Connecticut Innovations generic ativan.Â’s (CII) TechStart Demo Day on May 18, where emerging technology companies got to pitch their companies to venture capital and angel investors in the hopes of winning funding though CIIÂ’s TechStart Fund.
The event was the culmination of CIIÂ’s TechStart program, which had the teams take part in a ten-week program at YaleÂ’s CTech@Science Park, which provided up to $25,000 of initial funding per team, as well as resources and access to mentors and professional services, to make each company ready to launch.
Seven TechStart Fund teams made their pitches, three of which were born out of last fallÂ’s Startup Weekend New Haven. Four teams in CIIÂ’s Pre-Seed Fund program also made pitches for follow-on investments.
The TechStart Fund was created to build tech companies in their early stages and help them determine whether future funding can be obtained. The PreSeed Fund is for companies younger than seven visit us with fewer than 25 employees, annual revenues of less than $2 million, and with technology in the development stage.
Only two of the 11 teams at the event Â— New CanaanÂ’s My Luck Club (a social e-commerce site), and HamdenÂ’s Snippet (an online portfolio for photographers and journalists) Â— were not from New Haven. TechStart teams also included Applivate, which created teen diabetes tracking app ShugaTrak; MeritBooster, a Kickstarter-like funding platform for students ages 13 to 19; industrial waste recycler Red Ox Technologies; liquid cooling developer Scaled Liquid Systems; and Seldera, a Yale-spawned startup developing touchless sensor controls.
The Pre-Seed Fund teams were C8 Sciences, developer of neuroscience-based cognitive improvement products; CMD Bioscience, which specializes in computer-aided analysis, modeling and design of therapeutic peptides; Green Life Guides, which connects eco-conscious consumers with green products and resources; and Grey Wall Software, which developed a mobile app to aid team collaboration during crisis events.
Applicants for click here next TechStart Fund program can apply between June 15 and August 15, and the next group of teams will take part in the business accelerator program from mid-September through mid-December.
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