2009 Cantor Colburn LLP
Innovation &
Entrepreneurship Summit
The Connecticut Technology Council is inviting early stage technology companies and start-ups (emerging technology companies) to apply to the 2009 Cantor Colburn Innovation Pipeline Awards which are being held as part of a larger event called the 2009 Cantor Colburn LLP Innovation and Entrepreneurship Summit.
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Sponsored by:
Cantor Colburn LLP
Edwards Angell Palmer & Dodge LLP
Open Solutions
Fiondella, Milone
& LaSaracina
HR411 |
These awards are now in their third year and recognize emerging technology companies who are judged to have an outstanding technology product or service which is either in beta or is already being sold in the marketplace. A panel of judges will review applications to make the selections. For 2009 there are eight awards categories that companies may apply for. They are described below.
CTC recognizes that the Connecticut technology industry is populated with a multitude of emerging technology companies who deserve recognition beyond those who will be declared winners of the 2009 Innovation Pipeline Awards. Hence it is classifying all companies who apply and meet basic criteria as a “Company to Watch.” This designation has been established to indicate that your company has an innovative technology product or service with the potential to capture market share. It affirms that your technology company, its offerings and its management team are on the road to product, market, and financial success. Thus, companies applying to be considered for a 2009 Innovation Pipeline Award will also be considered for “Company to Watch” designation.
Out of State companies, while not eligible for the Innovation Pipeline Awards (Connecticut based companies only are eligible), may apply to be considered for “Company to Watch” status. CTC is interested in attracting technology companies from New England and the tri-state region to participate in this gathering of outstanding emerging technology companies in New Haven on September 17.
“Companies to Watch” will be asked to exhibit in a poster fair at the 2009 Cantor Colburn LLP Innovation and Entrepreneurship Summit the evening of September 17 (4:30 to 7:30) at the Omni Hotel in New Haven. The poster fair, which will serve as a mini-trade show for the technology companies selected, is a simple, uncomplicated way to introduce companies to investors and attendees at the event.
In attendance the evening of September 17th will be angel investors from Boston, New York, New Jersey and Philadelphia, as earlier in the day, angels of the American Capital Association (ACA) will be meeting at a regional gathering of the ACA in New Haven. This complementary event provides exhibiting “Companies to Watch” a unique opportunity to meet with investors.
The deadline for applications is July 10, 2009.
 About the Awards:
- The Most New Patents Award to an early stage Connecticut technology company (from the period July 2008 to June 2009) that was awarded the most patents in the last year by the U.S. patent office.
- The Most Significant Early Stage Capital Investment Award to an early stage Connecticut technology company that raised the most angel capital in the last four quarters through June 30, 2009. The award may be solely a round of angel investment or a round of angel investment combined with a private equity investment. Investments of $1M or less will be considered for this award.
- The Deal of the Year Award to an early stage Connecticut technology company that either was purchased (an exit event), or to the company that made a significant acquisition, merged, secured a large round of financing or entered into a strategic partnership or alliance for the purpose of re-selling its products or services.
- The Most Promising Technology Product or Service of the Year to an early stage technology company whose product or service was introduced in the last year and is being sold in the market place and has potential to scale and exhibits a great degree of innovation. A product in beta that exhibits potential to scale and is innovative is also eligible. The product or service can come from any technology vertical.
- The most Promising Software Product of the Year to a Connecticut early stage software company whose software product was introduced in the last year and is being sold in the market place (installed at clients or sold as SaaS), is innovative, and has filled a market need. A software product in beta that exhibits potential to scale and is innovative is also eligible.
- The Most Promising New Internet/New Media Company of the Year to a Connecticut early stage technology company that is defined as an Internet/New Media company (see definition below) whose product or service was introduced in the last year, is innovative, and has filled a market need. Any electronic communication platform or internet technology in beta that exhibits potential to scale and is innovative is also eligible.
Any electronic communication platform or internet technology in beta that exhibits potential to scale and is innovative is also eligible.
Internet/New Media is a catch-all term for all forms of electronic communication. Examples are:
• Special audiovisual effects of any kind
• Streaming video and streaming audio
• 3-D and virtual reality environments and effects
• Highly interactive user interfaces
• Mobile presentation and computing capabilities
• Any kind of communication requiring high-bandwidth
• CD and DVD media
• Telephone and digital data integration
• Online communities or social media sites
• Live Internet broadcasting
• Person-to-person visual communication
- The Most Promising New Medical Device Product of the Year to a Connecticut early stage medical device company whose medical device has been cited for excellence in its health care field exhibits the potential to be a major medical advance through its innovative design, its cost savings and its improvement to global health. A product in beta that exhibits potential to scale and is innovative is also eligible.
- The Most Promising New Green Tech Industries Company of the Year to a Connecticut early stage company whose product has demonstrated success in its design, innovation and adoption by the marketplace. Green tech includes wind power, solar power, biomass, hydropower, biofuels, environmentally friendly cleaning products, more efficient lighting and other appliances that are more energy efficient. An innovative product that is in beta that exhibits the potential to capture market share and is environmentally friendly is also eligible.
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