$100K contest available for tech startups in N.H.
Posted by David Brooks | Wednesday, August 1, 2012
The NH High-Tech Council and abiHub, a Manchester incubator, have a contest that will hand out $100,000 among three tech-startup winners. It's called TechOut and it's open to technology based businesses that were formed less than two years ago, have raised less than $250,000 in funding, and have less than $500,000 in revenue.
The application period is now open and runs through August 13. Download the application at
TechOutwill run for at least five years and award $500,000 over that time. The award money is coming from a group of 20 New Hampshire accredited investors who formed a small fund specifically for the TechOut prize pool.
Cash awards of $100,000 will be provided annually to three winners. First prize is $50,000, second prize is $30,000, and third prize is $20,000. The first two prizes are awarded based on the decisions of judges with business experience. Third prize will be crowd-sourced when finalists present to a live audience. This event will be held on September 20 at NanocompTechnologies' new office in Merrimack.