About VentureX
VentureX – New England: Pitch It, Launch It, Scale It
New England’s ultimate pitch day event is coming on January 26th, 2012. VentureX – New England (brought to you by Wasabi Ventures and the abi Innovation Hub) has one simple goal: identify and fund exciting, high-tech start-ups. It is a one day pitch competition in which one winning start-up will receive a $30,000 investment for a 5% equity stake. Let’s work together to spearhead the new startup reality of “Pitch It, Launch It, Scale It.”
Who should enter:
Early stage entrepreneurs with projects or startups. Only have an idea? Hunker down and build it first. If you need help on how best to position your product or a place to practice your pitch with other entrepreneurs, the abi Innovation Hub is more than happy to assist. Get in touch at hello@abihub.org.
We’ll be choosing the winner based on the people, product, and of course the Pitch. Bring your “A” game.
- Applicant must be an owner or founder
- Startups must be for-profit, have raised under $100k in funding and generated under $100k in 2010 revenue
What you get:
We built this competition with the entrepreneur in mind. We asked ourselves, what does an early stage, tech startup really need to get to the next level? We answered and delivered – access to capital, development resources and mentorship that is material to the growth of your business.
- $10,000 in seed capital from the Wasabi Angel Fund
- A free year of residency at the WV EDGE Acceleration Center @ the abi Innovation Hub
- $20,000 of engineering and product management services from Wasabi Ventures
The Event:
VentureX begins with an expo-style, cocktail party. The 10 lucky teams will setup booths and present their project or startup to attendees. Open and free to the public, each attendee will be given 5 golden tickets, which they can distribute among the 10 startups as they wish (e.g. all 5 tickets to one, 1 ticket to 5 different teams).
The 3 teams that collect the most golden tickets will qualify for the final pitch round.
The “Pitch”:
The three finalists each get 10 minutes to pitch their startup to a panel of 5 successful entrepreneurs and investors. At the end of the evening, the panel will choose the winner. Identify and invest – simple, to the point, effective.
While only one team can win the grand prize, every team will get exposure to angel investors, venture capitalists, journalists and other entrepreneurs.