TechOut success leads to more applicants this year
Monday is the deadline to apply for the second annual TechOut, which will distribute $100,000 in prize money to three ventures that are transitioning their ideas into businesses.
The abi and the New Hampshire High Technology Council organized the event, which is based in New Hampshire but open to all U.S. companies that meet TechOut’s standards for startups. With $50,000 going to first place, it could be worth a trip for someone confident enough in what they are trying to create.
“One of the primary reasons we created it that way was to draw attention to and bring eyeballs to the great activities and resources in the startup community of New Hampshire,” Coughlin said.
Coughlin said it’s the latest addition to the collaborative effort that made TechOut possible as well as establishing New Hampshire as a startup friendly location.
He said the frequency of applications coming in has increased as the deadline gets closer. He didn’t have an actual number on Thursday, but estimated that inquiries and overall interest in TechOut 2013 has more than doubled.
The judges decide who gets the $50,000 for first place and $30,000 for second. The audience will choose among the remaining four startups, which gets to go home with $20,000 for third place.
“Winning a cash prize great, but I think we’ve also created an environment with this idea of getting found,” Coughlin said. “Getting found by a collective audience of professionals is a great way to get on the map. Who cares if you have the greatest idea if no one knows about it?”
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