Market Overview

Seventy-Five Tech Companies to Watch Chosen for Summit

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HARTFORD, Conn.--(BUSINESS WIRE)--

The Connecticut Technology Council has selected 75 Tech Companies to Watch to participate in the sixth annual Innovation Summit, presenting to the public these relatively unknown early stage Connecticut firms with great potential to be fast growing firms in the near future. The seventy-five were selected from a larger group of nominees and most are recent start-ups with a few actually pre-revenue or still at the concept stage. A small number are small tech firms in business for a few years with significant revenues, which are expected to be big winners soon.

The 2012 Innovation Summit will run from 2:00 PM until 7:30 PM at the Omni Hotel in New Haven on Thursday, November 1. The annual event, presented by the Connecticut Technology Council and Crossroads Venture Group, provides entrepreneurs, angels, venture investors, corporate business development executives, job seekers and business service providers an opportunity to network, while the selected firms receive an opportunity to meet the press and potential investors. The Innovation Summit is expected to attract 400 attendees.

“This year's companies to watch are an exciting and eclectic group. They represent a diverse group of early stage teams with great potential for growth and success,” said Matthew Nemerson, President & CEO of the Connecticut Technology Council, “it is always amazing and revealing how many new firms pop up each year.”

The program includes a poster fair featuring the technologies and services of the designated Tech Companies to Watch, a “Personal Pitch Fest" where firms present privately to a panel of three VCs and Angels (which concludes with the selection of one overall winner) and an awards presentation for the top company in each of these Innovation Summit awards categories:

  • Most Promising New Technology Product
  • Most Promising Software Product
  • Most Promising New Internet/New Media Company
  • Most Promising Life Sciences Product
  • Most Promising New Green/Environmental Product

This year's event is made possible by four presenting sponsors Cantor Colburn LLP, Dickstein Shapiro LLP, the Connecticut Center for Advanced Technology (CCAT) and First Niagara Bank.

Supporting sponsors include Connecticut Innovations, Digital Surgeons, the Economic Development Corporation of New Haven, the accounting firm of Fiondella, Milone and LaSaracina, Open Solutions Inc., and TriNet HR Corporation.

Tickets for the Innovation and Entrepreneurship Summit can be purchased at the Connecticut Technology Council website: www.ct.org.

A list of the selected companies and their city or town can be found at the CTC website at this link: ct.org/Innovation_Pipeline.asp.

The Connecticut Technology Council

The Connecticut Technology Council is a statewide association of technology oriented companies and institutions, providing leadership in areas of policy advocacy, community building and assistance for growing companies. Speaking for over 2,000 companies that employ some 200,000 residents, CTC provides a strong, urgent voice in support of a state wide culture of innovation. This includes working to position Connecticut as a leader in idea creation, workforce preparation, entrepreneurial aptitude, early stage risk capital availability and providing on-going support and mentoring to high potential firms. For more information, visit www.ct.org.

CTC
Mike Scricca, 860-289-0878 ext. 334
mscricca@ct.org

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