BEDFORD — More than 20 startup companies had the opportunity of pitching their products to potential investors at the second annual Speed Venture Summit.
The event, hosted by the New Hampshire Tech Alliance and its Live Free & Start initiative Wednesday, attracted enthusiastic new business owners in need of funding to jump-start their endeavors. Similar to speed dating, the Speed Venture Summit at the Manchester Country Club provided 21 startup companies with eight minutes to pitch their platform to 18 participating investors.
“I am going to be needing heavy funds over the next six to nine months,” said Nikki Swartz, co-founder of Pure Pierce Inc., a piercing after-care company.
Pure Pierce has created a new cleaning device that can be used on a variety of piercings to prevent infection and promote healthy healing, said Swartz, a student at the University of New Hampshire.
“We are hoping to find an investor — someone who believes in our product and believes in me,” Swartz said at the start of the pitch event. “I’m really nervous and really excited. This is such an incredible opportunity.”
Some of the investors who participated in the event included Impact NH Fund, First Run Angels, Golden Seeds, Alumni Ventures Group and Wasabi Ventures. Representatives from the investment firms listened to each of the business pitches from New Hampshire startup companies selected from a large pool of businesses.
“If you are not familiar with the New Hampshire startup scene, you will be today,” Kristen Crawford of the New Hampshire Tech Alliance told the investors from throughout New England. Crawford said the goal of the event was to allow new, small businesses from the Granite State to have mini conversations with potential investors that could lead to future financial arrangements, professional advice or additional conversations to help move the startups forward.
“We have seen a lot of growth in the startup industry in New Hampshire,” Crawford said. “This is a way for them to get some important feedback.”
Some of the participating startup companies included The Mission Zone, TendoNova, VentriFlo, Lodestone Biomedical, TowGo, VYBE Software, Cyborg and more. Canopus Water Technologies was also present for the event, hoping to advance its product and mission.
“We are currently in the acceleration stage,” said Souheil Benzerrouk, president and CEO of Canopus Water Technologies.
His company has already developed a water disinfection product that Benzerrouk hopes will become vastly popular.
The Speed Venture Summit provides an outlet for smaller businesses to network with larger investor firms from New Hampshire and beyond, according to Benzerrouk. He was attending the summit for the second year in a row, eager to secure some funding for his newest venture.