MANCHESTER — Local startups Clairways and Aisling Organics each were awarded $150,000 in investment capital by the Millworks Fund II last week for their performance at the eighth annual TechOut competition.
The Thursday night event hosted by the New Hampshire Tech Alliance featured four finalists pitching their products to a live audience.
A panel of judges comprised of business experts, entrepreneurs and venture capitalists selected the two winners.
Aisling Organics, a 2018 TechOut competition finalist, is an organic cosmetics company whose product is formulated with crushed plants and herbs.
“We were here at TechOut last year and didn’t make it as a winner, but this year we did,” said Krysta Lewis, CEO of Aisling Organics, in a news release. “It’s just proof in the pudding that when you put your mind to something and don’t give up, eventually you will achieve it.”
Clairways is developing a wearable lung function monitor for respiratory clinical trials. The company’s smart lung monitor is built around a small, chest-worn sensor.
“This will be very meaningful and will get us to the next stage to succeed as a company,” said Jeff Bemowski, CEO of Clairways.
Startups Chyme and Tanosteel also competed at the event.
“For eight years, the Alliance’s TechOut competition has been a platform for startups to gain exposure and meet fellow entrepreneurs throughout the state,” said Julie Demers, the alliance’s executive director, in a statement.