News
Five Companies Awarded $54,000 in Grants in CTNext Pitch Event

$10,000 Grand Prize Winners Include Obsidian Advanced Manufacturing, Sky Squeegee, TargetArm, Wave and WealthConductor 

Rocky Hill, Conn. – April 29, 2019 – CTNext, Connecticut’s go-to resource for entrepreneurial support, awarded grants to five early-stage Connecticut companies at the most recent Entrepreneur Innovation Awards (EIA), held April 25, in Haddam, CT.

Following presentations from 10 finalists, the judges awarded $10,000 grand prizes to the following companies:

  • Obsidian Advanced Manufacturing, New Haven: Developing an industrial metallic 3D printer
  • SkySqueegee, Stamford – Vertical-plane robots designed to wash windows for commercial buildings/skyscrapers
  • TargetArm, Ridgefield – Developing Talon, a universal launch and recovery platform for unmanned aerial vehicles
  • WAVE Drowning Detection Systems, Westport – Detection systems to help prevent swimmers from drowning
  • WealthConductor, Hartford – Financial technology, software and strategies to help brokers and clients with retirement planning

Additionally, the $2,000 Crowd Favorite award was given to WAVE Drowning Detection Systems, while TargetArm of Ridgefield took home the $2,000 Judges’ Favorite prize.

“We congratulate the five companies that took home awards,” said Glendowlyn Thames, executive director of CTNext. “These EIA-winning companies inspired us with their commitment, creativity, and passion, and we can’t wait to see what they accomplish as they move forward.”

The five companies, all Connecticut-based, were among 10 startups that presented their project ideas to a panel of judges for an opportunity to secure $10,000 awards to help support business growth.

Additional presenters included AIRPower (New Haven), Career in STEM® (North Windham), Determinant Materials (Monroe), Lactation Innovations (Canterbury), and Spinrise Technologies (New Haven).

 

About CTNext
CTNext is Connecticut’s go-to resource for entrepreneurial support. Its mission 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 has more than 2,500 members in its network. To learn more, visit www.ctnext.com.

Media Contact:
Tom Bradley, Director of Marketing and Communications
CTNext
thomas.bradley@ctinnovations.com
860.258.7875

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