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Laconia company crowned winner of NH Start Up Challenge

New Hampshire Union Leader

May 16. 2018 9:58PM
Rita Toth, owner of SkinGreat LLC, gives her pitch during Manchester Young Professionals Network's NH Start Up Challenge final event, “The Big Reveal” held at FIRST in Manchester on Wednesday. (THOMAS ROY/UNION LEADER)

MANCHESTER — A Laconia-based company that’s developed a long-term heat patch to remove body scars and stretch marks won the N.H. Start Up Challenge Award for 2018 Wednesday night.

SkinGreat LLC CEO Rita Toth, inventor and founder of the StretchPatch worked with L’Oreal and Procter & Gamble before coming up with this dermal delivery system that she said can be safely applied for up to 12 hours.

The product is awaiting a U.S. patent and was recently approved in the European Union.

“How many of you like your stretch marks?’’ Toth joked during her five-minute pitch to a large crowd at FIRST in Manchester’s Millyard.

Manchester Mayor Joyce Craig announced the winner from among four finalists that received a prize package of cash and in-kind services worth nearly $50,000

The N.H. Start Up Challenge is a business plan competition started in 2008 by the Manchester Young Professionals Network, which spanned over two months and attracted dozens of applicants.

The other nominees this year were:

• Cyborg Inc. of Newfields, a firm that’s made a free activity tracking app meant to make the most out of fitness metrics equipment

• Vybe Software, LLC of Nashua, a mobile and web applications development company that turns simple voice commands from users into custom websites

• QuadraSquare Inc. of Derry, a company working on a medical device to raise the successful detection rates of testing for breast cancer.

The guest speaker at the event was Jay Jacobs, the founder of Rapid and past New Hampshire Tech Council entrepreneur of the year who sold his Nashua sheet metal company to Proto Labs in 2017 for $120 million.

“Mine was an overnight success story that took 16 years to achieve,” Jacobs quipped.

A select team of judges chose the winner based on the criteria of market opportunity, distinctive competence, management capability, financial understanding and investment potential.

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