Semifinalists named for TechOut 2013
MANCHESTER — The next round of entrepreneurs competing for $100,000 in prize money as part of the 2013 TechOut competition has been narrowed down to 10 semifinalists.
The startup competition provides half a million dollars in financing over five years to entrepreneurs to develop and market new technology products or solutions.
The second annual event will be held at 5:30 p.m. on Sept. 26 at the Brady Sullivan building on Southwood Drive in Nashua and will include live pitches from finalists, networking, food and beverages.
The semifinalists for this year include: ApplyKit, Manchester; Blok Box, Lebanon; CranioVation, Concord; FrostHub, Durham; Inventioneers, Londonderry; Kinetic Surface Control, Newmarket; LSAT Freedom, Bedford; RoundShip, Hampstead; StreakMedia, Boston; and UltraCell, Manchester.
TechOut is a partnership between the New Hampshire High Technology Council and the abi Innovation Hub. The competition is open to startups that have been in business for fewer than three years, raised less than $250,000 in funding and have less than $250,000 in revenue.
The competition awards $100,000 in prize money each year: first place receives $50,000, second place $30,000 and third place $20,000. The field will be further narrowed to finalists prior to the event. A panel of judges will then select the first- and second-place winner, while the third-place finisher will be decided entirely by the audience the night of the event.
The presenting sponsor of the 2013 TechOut competition is Borealis Ventures, with additional sponsorships from Brady Sullivan Properties; Dyn; FairPoint Communications; Dunn Rush & Co.; Cook, Little, Rosenblatt & Manson; BerryDunn; Delta Dental; and the Holloway Automotive Group.
Visit NHHTC.org or abihub.org for more information.
Granite State Manufacturing acquires Equipois
MANCHESTER — Granite State Manufacturing, which manufactures specialized equipment for the defense, medical, semiconductor, and industrial market segments, has acquired the assets of Equipois Inc., the developer of zeroG and X-Ar exoskeletal arm technologies, the company announced Monday.
Granite State Manufacturing said the acquisition will allow the company to utilize its precision manufacturing capabilities and robotics expertise to expand the capabilities and markets for Equipois products.
Equipois’ patented technology enables workers to maneuver tools and other objects as if weightless, boosting productivity and eliminating workplace injuries for a wide range of industrial applications. The technology has won recognition for its innovation, including a 2011 Wall Street Journal Technology Innovation Award.
Naval Sea Systems Command has used Equipois technology to create a modern day “iron man,” providing sailors with the ability to minimize the time and effort required for labor-intensive maintenance such as preservation work on a ship’s hull, GSM said. The employees of Equipois have joined Granite State Manufacturing.