MANCHESTER - Six New Hampshire startups will compete Tuesday for a prize package valued at more than $55,000, courtesy of the Manchester Young Professionals Network.
The MYPN New Hampshire Startup Challenge has awarded more than $155,000 in cash and in-kind services to Granite State entrepreneurs over the past five years. The six semifinalists of the business plan competition - Regaalo, New England Culinary Center, Ustablize, Dreamy Paws, TechLok and TestSoup, will refine their business plans and make their pitch on Tuesday at the abi Innovation Hub, 844 Elm St., in Manchester. The 5:30 to 7:30 p.m. event is open to the public. RSVP at www.mypn.org.
"More than 30 high-quality applications were submitted from across the state, evidence of the strength and passion of New Hampshire's startup community," said E.J. Powers, co-chair of the MYPN NH Startup Challenge.
--Regaalo.com leverages social e-commerce so family members can stay virtually connected with their students away at college. On Regaalo.com, family members can send their students mobile gift cards to their cell phone from local merchants in Boston, as well as other college areas. Its founders are Jessica Streitmater of Litchfield and Matt Robinson of Dover.
--New England Culinary Center is inspired by a community of culinary entrepreneurs whose biggest barrier to formalizing their food based businesses is initial start-up costs. The NECC is born out of the belief that when given the right resources, this community of natural entrepreneurs can create vibrant, innovative and profitable businesses. NECC is founded by Tom Puskarich of Manchester.
--Ustabilize has developed a gaming platform and a series of app-enabled devices that allows users to improve their stability through a series of movement challenges progressing them toward their sport/fitness related goals. Users can challenge their friends and track their progress using the igotbalance.com web portal and Ustabilize web interface. Ustabilize is founded by husband and wife Michael and Monica Muldoon of Hampton.
--Dreamy Paws has created and patented a portable pet bed with storage. The bed can be personalized, with multiple design options to choose from on www.dreamypaws.com. Dreamy Paws' founder is Melissa Tagliamonte of Salem.
--TechLok's software monitors your tablet and smartphone 24/7 and takes proactive security measures to safeguard your data and assist in device recovery should a theft occur. It was founded by Andrew Richards of Manchester, a Central High School 2002 graduate. Visit signup.techlok.com.
--TestSoup, www.testsoup.com, is a provider of innovative online and mobile test prep solutions. TestSoup was created to reinforce the fundamentals that are needed to be successful with any standardized test. It was founded by Alex Hollis of Manchester and Tom "TK" Kuegler of Litchfield.
Contestants will also submit a completed business plan on Tuesday. In the days following, two finalists will be chosen to present their business plan to the challenge judges. Ultimately, one winner will be chosen to receive over $55,000 in cash and in-kind professional services donated by New Hampshire-area businesses. The winner will be revealed live at a reception on June 19 at the New Hampshire Institute of Politics at Saint Anselm College.