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CTNext Awards $44K to Connecticut-based Companies at Live Pitch Event

Five companies receive Entrepreneur Innovation Awards for innovative project ideas

Rocky Hill, Conn., June 15, 2015CTNext, Connecticut’s innovation ecosystem managed by Connecticut Innovations, today announced the award winners of the most recent Entrepreneur Innovation Awards (EIA), which were held on Wednesday, June 10, at the Zhang Auditorium, located at Evan’s Hall at the Yale School of Management, in New Haven, Conn.

The finalists, who are Connecticut-based companies and entrepreneurs, presented their innovative project ideas at a Shark-Tank-style event for an opportunity to secure awards of up to $10,000. Winners included:

  • Babyation (Branford) Advancing the prototype design of their first-generation breast pump, with differentiators making it superior to others currently on the market
  • Elidah (Sandy Hook) Designing and prototyping the generator for their specialized electrical stimulation electrode for stress urinary incontinence
  • Enviro Power (East Hartford) Developing a novel micro combined heat and power generator for both the residential and commercial heating markets
  • *WePutTheDinDesign.com (Hartford) Testing multiple prototypes of their hands-free accessory designed to help individuals organize and carry more

The other finalists that were selected by an outside review committee and presented at the event included:

*The judges’ favorite selection ($2,000) went to WePutTheDinDesign.com. The crowd favorite selection ($2,000) was awarded to EverList, which is currently working on optimizing their project management tool.

In addition, Elidah and WePutTheDinDesign.com each received $1,000 awards from the Angel Investor Forum for his project.

“This event continues to attract fantastic talent from around the ecosystem,” said Glendowlyn Thames, director of Small Business Innovation (SBI) and CTNext. “Not only do the awards attract a high-caliber group of entrepreneurs and small companies but also it is a great opportunity to network with like-minded professionals who can share insights and lessons learned from starting, owning and running a business.”

To be eligible for an EIA, startups must be Connecticut-based, registered as CTNext members, and looking to conduct growth-related activities to help advance their business. Project examples include but are not limited to prototyping, performance testing, compliance testing, product or service development, market research, licensing, and more. A full list of criteria can be found on the application page. For more information on how to apply for an EIA, visit ctnext.com/eia.

CTNext has awarded nearly $300,000 to companies and entrepreneurs through the EIA–which began in February 2014.

CTNext was established by Governor Malloy and private-sector leaders in the 2011 Connecticut Jobs Bill to support the state’s most promising entrepreneurs and startup companies.

The next EIA event will be held on Wednesday, September 9, at 5 p.m. in Hartford at the Infinity Music Hall. Applications are now open and the deadline to apply for the next EIA is Friday, August 7, at 5 p.m.

About Connecticut Innovations Inc.
Connecticut Innovations (CI) is the leading source of financing and ongoing support for Connecticut’s innovative, growing companies. To maximize the growth potential of each business, CI tailors its solutions and often combines its funds with resources from other financial leaders to provide venture capital and strategic support for early-stage technology companies; flexible loans for established companies with new innovations; grants that support innovation and collaboration; and connections to its well-established network of partners and professionals. Through all these initiatives, CI has helped bring $4 billion in financing to Connecticut companies. The state’s most active early-stage investor, CI has created more than 26,000 jobs. For more information on CI, please visit www.ctinnovations.com.

About CTNext
CTNext is Connecticut’s innovation ecosystem. The goal of the program is to build a more robust community of entrepreneurs and to accelerate startup growth by providing access to talent, space, industry expertise, services, skill development, and capital to foster innovation and create jobs for people in Connecticut. CTNext was launched in 2012 and has worked with more than 600 companies.

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