Tuesday, May 8, 2012

Igniting Innovation Capital Showcase Application Window Now Open!


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Igniting Innovation Capital Showcase Application Window Now Open!

$100,000 Prize to the Most Promising Company


On September 21, 2012, the Technological Research and Development Authority (TRDA), in cooperation with Space Florida, will host the second annual I2 Capital Acceleration Showcase at the Florida Hotel in Orlando, FL.  The I2 Capital Acceleration Showcase will feature business presentations from ten growth-oriented, venture-ready technology companies that will be selected to compete for a $100,000 prize sponsored by Space Florida. The company presentations will be made to a targeted audience of venture capitalists, investment bankers, angel investors, government officials and economic development stakeholders. An additional ten companies will be selected to showcase their products in the I2 Showcase exhibition hall alongside the presenting companies.  

Eligible companies must provide a product or service in one of these industries: Aerospace/Aviation, Biotechnology, Medical Devices, Clean Technology, Alternative/Renewable Energy, Defense/Homeland Security, Software/IT, Simulation/Gaming, Internet/Mobile Apps, or Telecommunications. Companies will be selected on the following criteria: a strong market need, a unique value to their chosen marketplace, investment readiness, the potential for superior investor ROI, a sound business model that is revenue-driven, and a quality team with relevant industry experience.

 
A Special Session - The Cleantech Ventures Showcase  
  
The I2 Capital Acceleration Showcase will also include the I2 Cleantech Ventures presentation session. Ten Cleantech/Alternative Energy companies will be selected to present to the same audience of investors at the I2 Showcase. All companies will first be evaluated for the $100,000 prize session. Cleantech/Alternative Energy applicants not selected for the prize session will automatically be considered for the Cleantech Ventures session. The application, selection criteria and mentoring process is the same for both sessions, but Cleantech Ventures presenters are not eligible for the $100,000 prize.

How Do I Apply?   
 

Applications for the I2 Capital Acceleration Showcase should be submitted online at www.i2florida.com.  The deadline for applications is Friday, June 1st, 2012.  Applicants selected for both showcase sessions will be notified no later than June 18th.  Companies selected to compete for the $100,000 prize will be required to attend a mandatory one-day kickoff boot camp on Monday, June 25th at the TRDA in Melbourne, FL.  Cleantech Ventures presenters are invited to optionally attend the boot camp.

What is the Selection Process? 

All submitted application materials will be evaluated by the I2 Investor Review Board that is comprised of venture capitalists, industry experts, experienced technology entrepreneurs and representatives from TRDA and Space Florida.  The I2 Investor Review Board will select the most promising companies from the perspective of investor ROI for both the $100,000 prize competition and Cleantech Ventures. 

How Does the I2 Mentoring Work?

All companies selected to present are required to actively participate in three months of mentoring provided by TRDA's mentor network, which consists of seasoned startup executives and investors that understand the capital raising process. TRDA mentors will assist selected companies with business strategy, financial pro forma development and investor presentations. The mentoring process will kick off on June 25th at the boot camp session at the TRDA. Most of the mentoring can be done virtually, but companies selected to compete for the $100,000 prize will be required to attend the boot camp. Cleantech Ventures presenters are invited to optionally attend the boot camp, but are required to participate in the mentoring process.

How Do I Apply?

Simply fill out the online application located at www.i2florida.com/how-to-apply.

Questions?

Contact Brenda McMillan at bmcmillan@trda.org or (321) 872-1050 ext. 103.

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