The New Hampshire Tech Alliance (Alliance) in Manchester is accepting applications for its annual TechOut event; a startup competition aimed at enhancing the NH tech ecosystem by investing capital in early-stage startups. The 2019 TechOut competition will tap $300,000 in investment funds from the Millworks II Fund, a partnership among NH investors and the NH Business Finance Authority.
“Over its eight years, TechOut has provided [awards] to about 20 companies, but has also helped many more entrepreneurs develop and refine ideas for future products and companies through the application and review process. The Alliance now offers more direct programming to help engage with and nurture startups, such as the Accelerate NH and Speed Venture Summit programs. We’re excited to see which companies apply for TechOut this year, hear their pitches and ultimately support a few that show the greatest promise for success,” says Pete Lachance, co-chair of the TechOut Committee and member of the Alliance board of directors.
TechOut identifies talented, hungry tech entrepreneurs and funds them through investment capital awards. It culminates with an event on November 14 that features live pitches by the finalists, displays of their innovations, and networking opportunities with like-minded innovators, entrepreneurs, and investors. Application is now open to startups that have been in business for less than five years, that have raised less than $250,000 and have earned less than $250,000 in revenue.