Winner of the Elevator Pitch Announced

9 04 2009

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In just sixty seconds, each NVC venture team had the chance to captivate the attention of five judges.

That’s right, the NVC Elevator Pitch Competition just ended at the NVC. One team member from each team had the chance to explain the team’s venture and why investors should choose their team.

The pitch competition is based off the idea that if a venture capitalist were to meet an investor in an elevator, would he or she be able to use that one minute of face-time to secure an investment.

Apparently, the necoPlastics team from University of Louisville has the ability to do just that. The team’s elevator pitch included both the team’s business plan and why investors should be interested in necoPlastics. The team that includes, Whitney Austin, Stevel Flaherty, Nick Jacoby, Charles Price and Jason Wade, won $1,000 for winning this round of competition.

PassPro-tech, the runnerup from the University of Texas at Dallas, also excelled in the elevator pitch portion of the event with the team’s explanation of its one-of-a-kind technology that allows users an easy and safe way to access networks. Stephen Dunlap and Ben Morrow make up the PassPro-tech team.

Check back to the NVC Blog to follow the competition’s events as they happen. You can also follow the announcements on Twitter.

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