CincyTech Closes Biggest Fund To Date

CincyTech, Funding, Cincinnati startups, Everywhere Else

CincyTech, the public/private partnership, seed stage investor, and pillar of the Cincinnati startup community, has reportedly raised it’s largest fund to date. Earlier this month The Cincinnati Business Courier reported that CincyTech has closed on a $10.8 million dollar fund.

CincyTech Fund III, LLC combines a $5 million Ohio Third Frontier investment with $5.9 million raised by CincyTech from Southwest Ohio partners.

Like CincyTech Funds I and II LLC, Fund III will invest in companies focused on information technology and bioscience that are based in or willing to move to Southwest Ohio. The fund has the capacity to invest in at least 15 companies.

“Over the last five years there has been a significant increase in seed stage investment activity in the Cincinnati region. CincyTech Fund III will enable us to continue to invest in entrepreneurs in Southwest Ohio to create jobs and wealth to propel our region forward,” said Bob Coy, president of CincyTech.

CincyTech has a variety of investors that have participated in Fund III, including eight local institutions and 51 individual investors.

“The number of individual investors in Fund III represents a dramatic increase from the nine individual investors in Fund II. These individuals are the foundation of the larger seed stage investment syndicates that we organize for our portfolio companies. Based upon our past investment experience, for every dollar invested in a startup from Fund III, an additional $3 will be invested by other investors in the seed round prior to an investment by an institutional venture capital fund,” said Coy.

Local institutions that have committed to invest in Fund III include Castellini Foundation, Cincinnati Children’s Hospital Medical Center, The Christ Hospital, The Greater Cincinnati Foundation, and the Health Foundation of Greater Cincinnati.

CincyTech has invested in $15.3 million dollars in 43 portfolio companies, including ChoreMonster, Impulcity, Lisnr, VenturePax, Ahalogy and many more.

Speaking of Cincinnati, this huge national conference for startups everywhere else is in Cincinnati Sep 29- October 1.

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After Building Up The Neighborhood MassChallenge Priced Out Of Boston’s Innovation District

MassChallenge, Boston startups, Innovation District, Accelerator
Although the news may not be good for MassChallenge, the fact that they have been priced out of their own neighborhood is actually a testament to the success the accelerator/incubator program has brought to Boston. Many in Boston’s Innovation District believe without MassChallenge there would be no district.

According to Boston.com, one of the country’s biggest and most successful accelerators needs to be out of their 14th floor space at One Marina Park Drive on Fan Pier by next July.

masschallengelogoMassChallenge is currently housed in prime real estate in the heart of what’s now known as the Innovation District. The area got its name from the startups and young entrepreneurs it attracted to the area, many of which were part of the MassChallenge program. Since 2010 MassChallenge has consistently helped over 100 startups a year through their program. Many of them choosing to stay in the Innovation District to grow their companies

MassChallenge has about 25,000 square feet at their current location, which they were able to stay in rent free.

“We’re basically like a marketing amenity for the building,” MassChallenge founder John Harthorne told Boston.com.

Since they moved in three years ago Enernoc, Goodwin Proctor, and Battery Ventures have signed leases in the same flagship building. Countless smaller startups have taken up space in the surrounding neighborhood.

Now, with all of these startups and companies moving into the area because of the groundwork that MassChallenge has laid, the owner and developer feels like he can attract a paying tenant to the same space.

While Harthorne wants to remain in the Innovation District, he’s not worrying about the accelerator having a roof over its head. They are currently in negotiations for a possible spot at Landmark Center near Fenway Park and the Bronstein Center, also in Innovation District. Both landlords see the value in having MassChallenge as a tenant, so they are also offering free rent.

“We’re kind of torn,” Harthorne says. “We love the Innovation District, but Landmark is close to the medical center, which is a thriving area of the city. Our current lease is up in July of next year, and so we do need to do something ahead of next year’s program. We’re eager to make a decision really soon,” he says.

They expect to announce their decision at the October 30th awards ceremony for this year’s class.

Find out more about MassChallenge here.

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The 20 Best Accelerated Startups In Tennessee Make The TENN Finals

TENN, Launch Tennessee, Startup, AcceleratorLaunch Tennessee, the private/public partnership that oversees 9 accelerators across the state, is running a “super accelerator” of sorts, appropriately called the TENN. The TENN starts off with a statewide demo day on August 27th in Nashville. At that event, 20 startups, announced on Thursday, will pitch their business.

A group of  national investors and entrepreneurs will narrow that field from 20 to 10 at the statewide event.  The demo day investor panel includes Sabeer Bhatia, chairman and CEO of Sabse/Jaxtr and founder and former CEO of Hotmail; John McIlwraith, managing partner at Cincinnati, Ohio-based Allos Ventures; John Greathouse, general partner at Santa Barbara, Calif.-based Rincon Venture Partners; Sig Mosley, managing partner at Atlanta, Ga.-based Mosley Ventures; Bob Crutchfield, partner at Birmingham, Ala.-based Harbert Ventures; and Mike Tatum, serial entrepreneur and CEO of Workbus. Governor Bill Haslam will announce the 10 companies that will comprise The TENN.

After the TENN is announced they will embark on a statewide bus tour, parading the startups in front of the state’s biggest companies and innovators. The TENN group will also have access to a master mentor network pulling from all nine accelerators. The TENN startups will also receive free office space, either at one of the regional accelerator headquarters or receive a subsidy for office space.

Launch Tennessee partnered with the Blackstone Foundation to hold the TENN program.

Here are the 20 finalists for the TENN program:

East Tennessee (6):

Hutgrip
FwdHealth
HATponics
Vendor Registry
Survature
Renewable Algal Energy

Middle Tennessee (9) :

eClinicHealthCare
InCrowd Capital
Gun.io
Got You In
Newsbreak
Ecoviate
Green Dot Charging
March Fuels
Graphenics

West Tennessee (5):

ADVANCE Inventions
Mobilizer
ScrewPulp
Health & Bliss
View Medical

“These 20 startups are an exceptional representation of the innovative and promising ideas emerging from Tennessee’s accelerator programs,” said Launch Tennessee CEO Charlie Brock. “From the quality and diversity of applications submitted across the state, it is apparent that Tennessee’s network of accelerators, which is unique in the nation and Launch Tennessee helps fund, is working well.”

You can find out more about Launch Tennessee at LaunchTn.org

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Sioux Falls Visual Marketing Startup Lemon.ly Launches Full, A New iOS App

lemonly, lemon.ly, Sioux Falls Startup, Startup, John T. MeyerLemon.ly, a visiual marketing startup based in Sioux Falls, South Dakota, is known for eye popping infographics and graphically pleasing data-driven campaigns. Companies like Samsung, Planters, and even the Grammy Awards have used Lemon.ly for infographics, data visualization, interactive, design, and presentations.

The company boasts a solid rock star team, including co-founder and CEO John T. Meyer who is speaking at Everywhere Else Cincinnati in September.

Now they’ve taken their eye for design and user experience and turned it into possibly the easiest to use, read, and understand mobile app for goal tracking. In fact the name in itself is totally awesome: it’s called Full.

Full lets the user track, measure, and visualize what’s important to them, with a simple, clean, and easy to understand design. With Full you can track anything from your workout regimen to how many books you’ve read. On their blog, lemon.ly even suggests you can track how often you call your mom (you know, the important stuff).

Features include:

> Add an unlimited amount of monthly goals

> Quantify how many times you want to achieve your goal

> Swipe to ADD, SUBTRACT, EDIT, or DELETE your goals

> Visualize your goal history to see how you did and improve next month

The app is available now in the app store here.

See Lemon.ly co-founder and CEO John T Meyer at this huge startup conference.

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TeacherGraph Streamlines Parent/Teacher Communication

Education, Startups, TeacherGraph

Memphis kids have already been back in school for a week and a half now. Kids across the country will return to school in the next month, and parents know that means tons of paperwork.

I homeschool my 3 boys now, but I remember the mountains of paperwork my oldest brought home last year. Often 5 or more sheets a day including notices, announcements, and progress reports. And that was just one kid!

Our dining room table was buried under mountains of papers I didn’t really need, and the recycling bin needed constant emptying. And, honestly, I so rarely paid real attention to them that I often had to email the teacher or room mom to double check dates and times. (I’m sure they loved that.) I remember thinking that in our modern world, it was ridiculous there were still so many papers coming home.

I think the guys at TeacherGraph read my mind.

The Austin startup, founded by former Facebooker Joseph Van and Tony Le, officially launches in 3 days, on August 17th. The system allows schools or teachers to enter information once and be delivered to parents in the digital format they prefer. The platform will also enable schools to analyze data, such as the correlation between communication activity and academic performance.

Edtech startups are a mixed bag. Across the country people are thinking a lot about how to improve our schools, and that means smart people like Van and Le are thinking up solutions to every problem imaginable. And, as my story above indicates, school communication is definitely a problem.

The challenge for TeacherGraph will be adoption. Schools are notoriously bureaucratic, and it can be extremely hard to get in with a system. Van and Le probably figured that out, as they used UT Elementary Charter School for their beta testing. Charter schools are an easier market for tech startups because they can make decisions without consulting a larger school system. It was also a smart move because charter school parents are often more engaged than typical elementary parents.

The other challenge for TeacherGraph (and most other edtech startups) is competition. The field–only recently opened–is now full of companies trying to beat each other to the punch. Companies like EduBuzzer and Remind101 also have their own takes on parent teacher communications, and all 3 companies are competing against entrenched–if outdated–systems that are hard to route out.

Still, TeacherGraph is addressing a problem so obvious we often forget it’s there. I like the idea of information being delivered in the format parents prefer, but without extra work for the school. They’ve made great progress with their beta, and the addition of data analysis could be interesting for teachers and schools trying to do the best for the children.

To learn more about TeacherGraph, check out their website or follow them on Twitter.

Facebook Acquires Pittsburgh Speech Recognition And Translation Startup

Jibbigo, Pittsburgh Startup, Facebook, AcquisitionOn Monday morning Tom Stocky, Director of Product Management at Facebook, announced that the social networking giant had acquired Mobile Technologies, the Pittsburgh startup behind the app Jibbigo.

Jibbigo is an app with the kind of technology you’d think the NSA would be after. The app allows you to record someone talking in a foreign language and translates the voice snippet for you in both text and spoken word in the language selected. This is the kind of technology that everyone has wished they had at one time or another. You know, you’re riding the subway and you hear a loud argument in another language? Jibbigo is perfect for that.

Now obviously Facebook is going to use this technology for translating and speech recognition, but its specific uses have yet to be announced. What Stocky did say, by Facebook post of course, was “I’m excited to announce that we’ve agreed to acquire Mobile Technologies, a company with an amazing team that’s behind some of the world’s leading speech recognition and machine translation technology.”

Facebook already integrates Bing’s translation technology into news feeds and posts. Anthony Sarvas at ITProPortal speculates that they could use the technology for improving their mobile ad network and expanding a mobile ad campaigns reach.

The Pittsburgh-based team will relocate to Facebook’s Menlo Park headquarters. Terms of the deal were, of course, not disclosed.

“With this deal we will welcome some of the industry’s most talented people to our engineering teams in Menlo Park, California,” Stocky said in the Facebook post.

Find out more about Jibbigo here.

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SoftBank’s Joe Medved And Mercury Fund’s Blair Garrou To Speak At Everywhere Else Cincinnati

Today’s been a big day for Everywhere Else Cincinnati. Earlier this morning we announced that Greatist founder Derek Flanzraich had joined the already amazing line up for the conference taking place in Cincinnati September 29-October 1st.

The Everywhere Else conference series is aimed at startups “everywhere else,” cities across America where startups are fueling the new economy. Startups in areas that aren’t traditional tech hubs, like Silicon Valley, often have a common set of challenges including access to capital, access to talent, and not knowing which resources are available to tap into.

At Everywhere Else Cincinnati, startups, angel investors, and VC’s from everywhere else will be able to learn and collaborate with like minded people in similar situations. We’ve compiled an amazing list of national speakers who will offer a range of discussions from starting up everywhere else, to raising money everywhere else, to accelerating everywhere else, and even what VC’s and angel investors are looking for when they turn to startups everywhere else.

After our huge conference in Memphis last February, a theme kept recurring: the need to “Start Where U Are.” This conference will help startups realize that in most cases starting where they are is the best scenario for them and the community.

We already have VC’s from some of the nation’s most respected firms attending or speaking at the conference. Two more of those VC’s, Soft Bank Capital’s Joe Medved and Mercury Fund’s Manging Partner Blair Garrou, will share their insight into what VC’s are looking for and how startups, who often have the odds stacked against them in the first place, can make sure they look good and ready in front of investor.

Both VC’s are distinguished in their fields, have an active role in their startup communities and advisory roles with their startups. Both investors have also been on the Business Journal‘s 40 under 40 in addition to other great accomplishments.

Joel Medved, Blair Garrou, Soft Bank Capital, Mercury Fund, EE Cincinnati, Everywhere Else CincinnatiJoe Medved joined SoftBank Capital in 2005. He’s been investing in digital media companies for over nine years, from seed through growth stage.  He focuses on supporting primarily Seed and Series A stage companies with special interests including consumer and enterprise mobile, gaming, and social marketing.

Prior to joining SoftBank Capital, Joe was an Associate with Constellation Ventures, a media and communications venture capital fund under Bear Stearns Asset Management. Prior to Constellation Ventures, he was an Associate and Analyst for the Technology, Media and Telecommunications Group with JPMorgan Investment Banking.

In 2011, Joe was selected by the Boston Business Journal for its 40 Under 40 class. He is Co-Founder of the Digital Media VC/Corp Dev Connection, a group that brings together active investors and corporate development professionals from large corporations focused on digital media.  Joe is also Chairman Emeritus of the New England Venture Network (NEVN), one of the largest venture capital organizations on the East Coast.

blairgarrouBlair Garrou is a co-founder and Managing Director of the Mercury Fund (formerly DFJ Mercury). The Houston-based VC firm makes investments in technology and energy where they even support their own accelerator called Surge.  Garrou’s reach to accelerators doesn’t end there, though. He is a big believer in the accelerator model and is a mentor at The Brandery and often speaks to other accelerator cohorts across the country.

Prior to co-founding the Mercury Fund, Blair was the CEO of Intermat, Inc., a leader in product information management software (acq. by IHS). Before Intermat, Blair was a Principal of Genesis Park LP, a Houston-based venture capital and private equity firm, where he focused on the firm’s software investments, including Intermat, FuelQuest (acq. by Saracen Energy), and SAT Corporation (acq. by Invensys). Prior to Genesis Park, Blair helped launch and was the Director of Operations for the Houston Technology Center (HTC), the largest technology incubator in the state of Texas, and he led the formation of the Houston Angel Network, one of the largest and most active angel investment organizations in the U.S. Previously, Blair was an investment banker with BMO Nesbitt Burns, and an auditor with Deloitte & Touche. Blair is a licensed CPA in the state of Texas. He received a B.S. in Management with special attainments in Commerce from Washington & Lee University.

Medved and Garrou join this already amazing list of speakers

  • Naithan Jones, Founder AgLocal
  • Derek Flanzraich, Founder Greatist
  • Andrew Warner, Founder Mixergy
  • Andy Sparks, Co-Founder Mattermark
  • Wil Schroter, Founder Fundable
  • Jake Stutzman, Founder Elevate.co
  • Jonathon Perrelli, Managing Director, Fortify Ventures
  • Justin Gutwein, Filmmaker and Entrepreneur startupland.tv
  • Mark Hasebroock, Founder Dundee Venture Capital
  • Jason Healy, Founder Blu
  • John Bracken, Founder Evite and Speek
  • Dave Knox, CMO Rockfish, co-founder Brandery
  • Patrick Woods, Managing Director a>m ventures
  • Sarah Ware, Founder Markerly
  • John T. Meyer, Founder lemon.ly
  • Raghu Betina, Managing Patner The Starter League
  • Ryan O’Connell, VP Influence & Company
  • Blake Miller, Managing Director Think Big Accelerator
  • Michael Bergman, Founder Repp.

 

Startups hurry only 4 Startup Village Booths left at the early bird discount rate!

 

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Square’s Jim Mckelvey Spearheading Another St. Louis Tech Effort

Jim McKelvey, St. Louis startups, LaunchCode, developerAlthough based in Silicon Valley, Square’s co-founder Jim McKelvey continues to make waves in the St. Louis startup community. Just last week we reported on a new financial services startup accelerator called SixThirty. McKelvey is one of the founding partners of that accelerator.

He is also very active in Cultivation Capital and Arch Angels, St. Louis’ premier angel network. He sits on the board for both LockerDome and Bonfyre, two prominent St. Louis startups that we’ve covered a bunch here at Nibletz.

Next Tuesday McKelvey will hold a press conference in St. Louis to announce the complete details of his latest project called LaunchCode. McKelvey leads a group of St. Louis entrepreneurs in a collaborative effort to increase the region’s development talent base and strengthen the burgeoning startup and tech community.

Many coders possess great talent but lack the experience necessary to land a job. LaunchCode helps new coders overcome this hurdle by pairing them with experienced developers in companies that have job openings. Through pair programming – a system used in Silicon Valley involving two programmers, two keyboards, and one monitor – the new developer receives training and experience until he or she is up to speed and receives a full-time job. More than 50 St. Louis companies of all sizes, from Fortune 500 corporations to thriving startups, have already signed up. Employer companies include World Wide Technologies, Monsanto, Savvis, Enterprise, Build-a-Bear, Lockerdome, Express Scripts, and more.

McKelvey is joined by Chris Sommers (co-founder of Givver and Pi Pizzeria), Dan Lohman (co-founder of Pushup Social, Cubical.com and Lab 1500), and Chris Oliver (Lead Developer of Givver) on LaunchCode’s founding team.

With McKelvey’s multiple interests in the St. Louis startup community, fueling an effort to teach more developers is a natural step for the St. Louis startup community.

You can find out more about LaunchCode here

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GlaxoSmithKline Betting $50 Million On Bioeletronic Medicine & Technology Startups

GlaxoSmithKline, Medical Startups Venture Capital fund

If you’re pursuing a startup in bioelectronic medicines or technologies, then pay attention to this news from one of the nation’s largest pharmaceutical companies.

GlaxoSmithKline announced on Thursday that they are launching Action Potential Venture Capital (APVC) Limited, a new $50 million strategic venture capital fund that will invest in companies that pioneer bioelectronic medicines and technologies. The fund’s first investment will be in SetPoint Medical, a California company considered a trailblazer in creating implantable devices to treat inflammatory diseases.

The fund complements the work of GSK’s Bioelectronics R&D unit, which was established in 2012 after a two-year effort to seek out and engage the most promising researchers in this emerging area of science. The name of the fund comes from electrical signals called action potentials that pass along the nerves in the body. Irregular or altered patterns of these impulses may occur in association with a broad range of diseases.

GSK believes that miniaturized devices, or bioelectronic medicines, can be designed to read these patterns. The devices could be designed to interface between the peripheral nervous system and specific organs. They can help treat disorders as diverse as inflammatory bowel disease or rheumatoid arthritis, respiratory diseases such as asthma and COPD, and metabolic diseases including Type 2 diabetes.

The field of bioelectronic medicines is in its very early stages. GSK’s ambition, through collaboration with scientists globally, is to have the first medicine that speaks the electrical language of our body ready for approval by the end of this decade.

“We want to help create the medicines of the future and be the catalyst for this work,” Moncef Slaoui, chairman of R&D said in a statement. “GSK can play the integrating role that is needed to drive this new type of medical treatment all the way from the bench to the patient and this fund is a key part of our efforts.”

Action Potential Venture Capital intends to build a portfolio of five to seven companies over the next five years. The fund will focus investments in three areas:

  • New start-up companies that aim to pursue the vision of bioelectronic medicines
  • Existing companies with technologies that are interacting with the peripheral nervous system  through first-generation devices that can stimulate or block electrical impulses
  • Companies advancing technology platforms that will underpin these treatment modalities

Action Potential Venture Capital will be based in Cambridge, Massachusetts and managed by a small, dedicated team. The fund has named Imran Eba as its first partner. Imran will move from GSK’s Worldwide Business Development organization and work closely with the Bioelectronics R&D unit.

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Image Credit: GSK HQ

Startups In The Fastlane: Jumpstart Foundry Startup ZingFin

Fastlane-JSF

One startup is tackling personal investment by polling the best social media information to help anyone have a better grasp on investing. ZingFin is currently accelerating in Nashville, Tennessee at JumpStart Foundry, and we’ve got them in the Fastlane.

Accelerators are a big part of the startup ecosystem globally. Good accelerators aren’t always rosy. They pick the best of the best in their application phase, and then through mentorship and in-depth insight, they turn the idea upside down to get it to market.

ZingFin is one of the teams that will graduate from Jumpstart Foundry on August 22nd. The JSF demo day is often standing room only with over 400 in attendance, so pressure is on for all of the startups. For ZingFin though, the pressure may be greater.

They’ve put together a product that integrates social media into a dashboard that helps investors make more educated decisions for their personal investment portfolios. Hopefully the room full of investors will be chomping at the bit to try out this new product. Some of the accelerator’s investment backers, like Vic Gatto of the Solidus Company, have already been spreading Zingfin out to their social networks.

Zingfin, Jumpstart Foundry, Nashville Startup, Startups In The FastlaneSo what does ZingFin do exactly?

They stay on top of trending stocks. “Zingfin’s text analytics filter the more relevant conversations that impact stocks on social media channels such as Twitter® and Stockwits®. You’ll make sense of the aggregate market trends before anyone else sees them coming,” the company says on their website. They also tout the fact that Cornell researchers have found that Twitter mood predicts the stock market at an accuracy of 87.6% in predicting the up and down changes in closing values of the Dow Jones Industrial Average.

They also use social media to help identify industry and opinion leaders and they also connect the dots with “indepth visualizations”.

To find out more we talked with Balaji Viswanathan, co-founder of ZingFin in our Startups In The Fastlane interview. Check out the interview below.

Where is your startup originally from? 

Boston, MA

Tell us about your current team?  

We are a team of 3 – Balaji, Manju, Anup. Balaji has a MS in Computer Science and worked for Microsoft Redmond as a developer for 4 years. Balaji is the CEO and manages the technology execution. Manju is an electronics engineer and she has a background in operations and database management. She is the COO and manages the operations & administration. Anup has an MBA and has expertise in user experience & product development.

What does your startup do?  

We help investors be in the know of market trends and pick the right stocks based on social sentiments.

What are your goals for the accelerator program?  

To fine-tune product and get the product-market fit.

What’s one thing you’ve learned in the accelerator? 

To perfect on that one thing that will gain us the initial advantage. We can always scale from that point.

What’s the hardest piece of advice you’ve had to stomach so far? 

Really making the product focus.

What is your goal for the day after demo day? 

To hunt for angels who can help us move to the next stage.

Why did you choose this accelerator?      

The mentoring is hands-on and Nashville is a city that is on rise.

If you relocated for the accelerator are you staying in your new city?     

We moved from Boston. We might temporarily move back to Boston and then will keep traveling back and forth. Depending on our funding we will decide on the final location.

 What’s one thing you learned about an accelerator that you didn’t know when you applied? 

The fact that Jumpstart has so many mentors who are so interested in getting us successful.

Where can people find out more?      

Here is our landing page: Zingfin.com, Our blog is at zingfin.quora.com.

What’s your twitter handle?  

@Zingfinapp

Find out more about JumpStart Foundry here. 

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Here Are The 48 Finalists For The 2nd Annual Silicon Prairie Awards

SPN, Silicon Prairie Awards, Dave Knox, Nebraska StartupsSilicon Prairie News is preparing for their 2nd annual Silicon Prairire Awards, celebrating the startups, entrepreneurs, and achievements across the Silicon Prairie region.

There are 48 finalists in categories including Startup of The Year, New Startup Of The Year, Innovation Of The Year, Mobile App Of The Year, Executive Of The Year, Designer Of The Year, Student Entrepreneur of The  Year, Investor Of The Year, Service Provider Of The Year, Silicon Prairie Champion, and Silcon Prairie Ambassador. The finalists will be narrowed down to 12 award winners and revealed on August 29th.

The awards ceremony will take place at Hoyt Sherman Place in Des Moines, Iowa, with a keynote by Brandery co-founder and CMO at Rockfish (and eecincinnati.com speaker) Dave Knox.

Here are the finalists from SPN.

Startup of the Year

The startup everyone was talking about. The one that made marked progress toward solidifying its success, having an all-around banner year.

New Startup of the Year

The new kid on the block that quickly made a name for itself, and for good reason.

Innovation of the Year

This product prototype, release, or advancement made people look twice because it broke a mold, introduced a new way to solve a problem, or challenged a status quo.

Mobile App of the Year

This app featured a notable design and user interface, broke the mold for what we’d expect from a mobile app or reached a high number of downloads.

Executive of the Year

This C-level executive, president or founder led a startup to the next stage, hit milestones and overcame odds.

Technologist of the Year

This team member, freelancer, or consultant made a significant contribution toward development of a startup’s product.

Designer of the Year

This team member, freelancer, or consultant made a mark on a startup’s product by providing an amazing user experience or beautiful design.

Student Entrepreneur of the Year

This student or group of students—college undergraduate or younger—built a notable business, launched a praise-worthy app or created an impactful entrepreneurial initiative.

Investor of the Year

More than funding, this investor provided the all-around package, being a connector and champion of their portfolio startups.

Service Provider of the Year

This lawyer, accountant, marketer or other service provider made things happen for startups, simple as that.

Silicon Prairie Champion

An individual, company or organization that selflessly gave their time, resources or expertise to advance the Silicon Prairie community.

Silicon Prairie Ambassador

An individual from the region who has moved away but continues to advocate on behalf of the Silicon Prairie community.

Go vote here.

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Angie’s List Acquires Denver Startup BrightNest

BrightNest, Denver startup, Angie's List, Indiana startup

On Friday it was announced that Indiana-based Angie’s list, the worlds largest referral startup, has acquired Denver startup BrightNest.

BrightNest was founded in 2011 in Denver’s River North Arts District.  The startup is a community-based platform centered around homeowners. They offer tips, tools, and ideas that they say will “shape up your home and simplify your life.”

While Angie’s List is a great place to find a handyman to change a door, over the years their offerings have evolved to include contractors, carpenters, and other service people who can help complete long renovation projects and bigger home improvements.

With  BrightNest incorporated into the Angie’s List site, home owners will be able to get suggestions for projects and then find the people they need to work on the projects.

“The only way to transform the local services industry is to solve real problems in a bigger, better, and new way,” Angie’s List Chief Executive Officer Bill Oesterle said in a statement. “With two million members and more than 18 years in this space, no one has better data on local service providers than Angie’s List. BrightNest adds a user-friendly front end and personalized member experience to our marketplace platform which is built on rules, tools and transparency.”

Angie’s List also announced the national rollout of its new communication and scheduling tools. In the second quarter, Angie’s List processed more than 116,000 transactions on its marketplace platform. This represents a tiny fraction of the total transactions that flow through Angie’s List. “We’ve been quietly transforming the way local service is transacted, and we are now in a position to scale it. We will put the platform everywhere our members want it to be, including web, mobile ,and call center,” said Oesterle.

In the new marketplace, Angie’s List can monitor and evaluate each transaction as it progresses through to completion. “If a transaction gets stuck at any point, we are going to step in and fix it,” said Oesterle. “We have the critical mass and the relationships with local service providers that allow us to change service outcomes.”

BrightNest Co-Founder and Chief Executive Officer Justin Anthony echoed Oesterle’s statement. “We’re excited to join a trusted brand and help facilitate the solution to make it even easier to hire local service providers. Our tools and interactive content allow us to tailor a custom experience for every member because no two homes and no two homeowners are exactly alike.”

Under the terms of the acquisition agreement, Angie’s List acquired basically all of the assets of BrightNest for $2.65 million in cash. The cash value included $2.15 million at closing and $0.5 million payable at the one-year anniversary of closing, subject to certain performance criteria. Angie’s List funded the acquisition with existing cash. In addition, Angie’s List will grant options to purchase $3.65 million of Angie’s List common stock to the members of the BrightNest team, all of whom have been retained by Angie’s List. The transaction closed on August 2, 2013.

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David Cohen Names Fellow Techstars CoFounder David Brown President

Techstars-logoTechstars Boulder graduated their Summer 2013 class last week. Boulder is the original Techstars program and home to the organization’s headquarters which also includes the Global Accelerator Network.

Techstars was originally founded by David Cohen, Brad Feld, Congressman Jared Polis, and David Brown. David Cohen moved into a day-to-day operational role with Techstars. The others were instrumental in the organization’s development but also had other things they were working on.

Since 2006, Techstars has grown into a global organization that in some eyes represents the best of the best in startup accelerators. In this year alone, Techstars announced a new Austin program, took over Excelerate Labs in Chicago, and Springboard in London, bringing the total amount of global locations to seven.

As Techstars continued to expand globally, it became obvious it was time  for the team to add another member to its day-to-day executive staff. They looked no further than cofounder David Brown. Brown will serve as Techstars President while David Cohen will continue as CEO.  As one of the original cofounders Brown is no stranger to Techstars and definitely no stranger to David Cohen. Xconomy reports that Brown and Cohen founded two companies together in their 20’s before coming back together to found Techstars with Feld and Polis.

“I’m the brand new guy…but I really am an old guy,” Brown said. “I was around at the beginning, and I got to see the first couple Boulder programs get off the ground. I faded away a little bit, I had a different gig, and I’ve been out of the program a little bit for the last three or four years. To come back here and see the quality of the teams and the presentations, to be in the office and meet the managing directors from all the different cities…has been amazing.”

All four Techstars founders were on hand for the Thursday event where Brown was announced as President. Polis also took the stage to talk about immigration reform and its role in the world of startups. Polis has been representing Boulder in Congress since 2008.

With the announcement of a new president, Techstars will be looking to continue to its growth and become the premiere global accelerator.

Here’s more of our Techstars Coverage.

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4 Early Bird Startup Village Booths Left For Everywhere Else Cincinnati

EE Cincinnati, Everywhere Else Cincinnati, Startup Conference, Startup event, Startup Convention, Startup Village

UPDATE: 8/12/2013 Only 4 startup village booths left at the early bird discount rate.

Everywhere Else Cincinnati is less than two months away. When we announced the conference last week, we offered the first 30 startup village booths at an early bird discount rate of just $495. That rate includes three attendee tickets, booth space, a pitch contest, and more.

The Startup Village at Everywhere Else Cincinnati is a great place to get your startup huge exposure. VC and angel firms from across the country will be in attendance at the conference including Fortify Ventures, DVP, CincyTech, Elevate Ventures, DFJ and many more. Also, the Brandery demo day is on October 2nd, and a lot of investors will already be in town for that.

The Everywhere Else conference series gives startups from across the country and around the world access to top tier conference content, networking, and education, even on the most bootstrapped of budgets.

We’re still not finished announcing speakers for this big national conference. Speakers already committed include:

  • Naithan Jones, Founder agLocal
  • Andrew Warner, Founder Mixergy
  • Andy Sparks, Co-Founder Mattermark (backed by NEA and a16z)
  • Wil Schroter, Mr. Ohio, founder of Fundable
  • Jake Stutzman, founder evlevate.co
  • Jonathon Perrelli, Managing Director, Fortify Ventures
  • Justin Gutwein, Filmmaker and Entrepreneur startupland.tv
  • Mark Hasebroock, Founder Dundee Venture Capital
  • Jason Healy, Founder, Blu
  • John Bracken, Founder e-vite and Speek
  • Dave Knox, CMO Rockfish, co-founder, Brandery
  • Patrick Woods, Managing Director a>m ventures
  • Sarah Ware, Founder Markerly
  • John T. Meyer, Founder lemon.ly
  • Raghu Betina, Managing Patner, The Starter League
  • Ryan O’Connell, VP Influence & Company
  • Blake Miller, Managing Director, Think Big Accelerator
  • Michael Bergman, Founder Repp.

We are going to close out the discount this week. The first 30 startups in the village will get the best booth placement and a featured spot in the startup village guide.

If your startup is currently in an accelerator or accelerator alumni, there’s a good chance that your accelerator has a discount code. If not, the remaining 8 4 early bird Startup Village booths are discounted an additional 10% by clicking here. 

We’ll see you in Cincinnati at the end of September.

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