Thursday, April 5, 2012

Charlotte Venture Challenge Announces Finalists; Will Compete for $100,000 in Prize Money

First, there were 117; then there were 40; now there are only 18; and on April 19, one start-up company will be chosen as the Charlotte Venture Challenge start-up competition Grand Prize winner and receive $50,000 from Vaterra Capital. Another $50,000 in prize money will be awarded thanks to the Hauser Family Fund.

“With more prize money than ever before and over 100 community members that have volunteered their time to mentor and work with these early-stage companies, it just goes to show that entrepreneurship is alive and highly supported in our area,” says Devin Collins of UNC Charlotte the founding organization of the competition.

Charlotte Venture Challenge (CVC) Finals will be held Thursday, April 19 at 4 p.m. at the NASCAR Hall of Fame and is open to public. During the event, teams must make a bid before a panel of Venture Capitalists, display a five-minute presentation, and take part in five-minutes of rapid-fire questions.
The founders of YAP, a 2006 competition alumnus who was recently sold to a Fortune 100 Tech Giant, will present a keynote speech, and awards will be presented at a reception to follow.

This year’s finalists are: Instruct Healthcare, PipePro, The Pucker Butt Pepper Company,, CanDiag, Inc., InfoSense, DealCloud, Parasol Technologies, and YoUniverisity, all from Charlotte; Qualiber, Inc., Proximitas, Good Fit and Directed Deposits, all from Chapel Hill; Orthovative Technologies from Winston-Salem; Bamboo Apparel from High Point; Dynamo Micropower from Durham; Mobile Potential from Asheville; and Friendeo from Blacksburg, VA.

 A great video of the competition has been airing on regional affiliates of PBS in the Charlotte metropolitan area. See the video embedded below.

Competition categories are: Consumer Products & Services, Life Sciences & Biotechnology, Information Technology, New Energy & High Tech, and Student. A sixth category for Social Enterprises is being sponsored in partnership with Queen City Forward.

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