An organizer of today's Innovation Showcase in Speedway says a record number of entries shows Indiana's economy is “exploding when it comes to startup businesses.” Jordan Updike with Verge says more than 1,000 innovators, entrepreneurs and investors are taking part in today's event at the Dallara IndyCar Factory. Participating companies will be competing for more than $120,000 in cash and services. Updike and Venture Club of Indiana President Ike Willett discussed the showcase and the state's tech sector on Inside INdiana Business Television.
June 27, 2014
Indianapolis, Ind. — The Venture Club of Indiana, Verge and Vision Tech Partners announced today a record number of exhibiting companies at the sixth annual Innovation Showcase (www.theinnovationshowcase.com), an event held July 10, 2014 at the Dallara IndyCar Factory in Speedway, Ind.
More than 1,000 innovators, entrepreneurs and investors are expected to attend the event, where high-potential enterprises will exhibit and pitch to investors.
A complete list of presenting companies is located here: http://bit.ly/1wD7ecJ
During the day-long event, participating entrepreneurs will have the opportunity to pitch their startup, competing for a grand prize of over $123,000 in cash and services, including over $50,000 in cash investments. This year’s Innovation Showcase will also include an optional morning educational program designed for angel and other early stage investors as well as entrepreneurs on strategic challenges and opportunities in early stage funding. The educational programming will be presented by VisionTech and IU Kelley School of Business and will feature content on success drivers and fundable milestones, as well as an investor panel addressing strategic issues at different stages in the funding continuum.
The event also includes a panel of successful entrepreneurs who will discuss successful startup models as well as an investor roundup where regional investors of early-stage enterprises will examine a range of funding topics.
“The Innovation Showcase has a rich history of bringing together entrepreneurs and investors,” said Ike Willet, President of the Venture Club of Indiana. “We expect another record year for attendance.”
Past participants who have experienced remarkable growth after exhibiting include: Scale Computing, myCOI, Indigo Biosystems, BlueLock, Bluebridge Digital, Precise Path Robotics, Book A Coach, Curvo Labs and many others.
Angel Morales of Smarter Remarketer had this to say about his company’s Innovation Showcase experience: “In 2011 Smarter Remarketer was featured in the Innovation Showcase. For those investors who joined us back then, the company they invested in has increased in value 16x – and we have a vibrant path in front of us. That’s the role of the Innovation Showcase. It’s is to shine a light on a curated selection of young business and their corresponding entrepreneurs. It is one of the best opportunities for local investors to find early stage opportunities in their own backyard and assess those opportunities shoulder-to-shoulder with professional investors from all across the US. Innovation Showcase allows for innovation to not merely survive, but the opportunity to make it thrive.”
Dallara IndyCar Factory is located at 1201 Main Street in Speedway, Ind.
The event is presented by:
Venture Club of Indiana: a non-profit organization dedicated to helping entrepreneurs and investors succeed.
Verge: an Indianapolis-based network for entrepreneurs, software developers and startup investors.
VisionTech Partners: a privately held company focused on linking investors to high-potential early-stage companies.
Sponsors for Innovation Showcase include: Purdue Foundry; Indiana University; Barnes & Thornburg LLP; Elevate Ventures; TechPoint; BioCrossroads; IEDC; Halo Capital Group; Tilson HR; ISBDC; Launch Fishers; Launch Indiana; Venture Club of Indiana; Verge; VisionTech Partners.
Ticket prices are $75 for half-day admission and $150 for the whole day; student discounts are available. Individuals can purchase tickets at https://www.eventbrite.com/e/the-innovation-showcase-july-10-2014-tickets-11318129831
For more information, visit theinnovationshowcase.com
Sources: Venture Club of Indiana, Verge and Vision Tech Partners