The $100K annual TechOut startup competition is now accepting applications. The deadline to enter is August 13; the final competition will be held September 20.
TechOut is a unique startup competition, perfect for technology based businesses that were formed less than two years ago, have raised less than $250,000 in funding, and have less than $500,000 in revenue. To us, that's a startup!
TechOut is an annual competition that will run for at least five years and award $500,000 over that time. The award money is coming from a group of 20 NH accredited investors.Together they have formed a small fund specifically for the TechOut prize pool.
Cash awards of $100,000 will be provided annually to three winners. First prize is $50,000, second prize is $30,000, and third prize is $20,000. The first two prizes are awarded based on the decisions of an esteemed group of judges with exceptional business experience, the majority of which are members in the Entrepreneurs Foundation of NH. Third prize will be crowd-sourced when finalists present to a live audience. This event will be held on September 20 at Nanocomp Technologies in Merrimack.
TechOut is being organized by the NH High Tech Council and the abi Innovation Hub. These two non-profit organizations help advance innovation in NH in a variety of ways. The competition has several sponsors to date. Lead sponsors are PSNH, Centrix Bank, FairPoint Communications, Cook, Little, Rosenblatt and Manson Pllc, and Dyn Inc. DunnRush is a supporting sponsor and BerryDunn and the NH-ICC are promotional sponsors.
To download an application or learn more, go to www.abihub.org/techout.
Current Issue - May 2024