GeekTank Business Plan Competition Judges Choose Three Startups Out of 70 for Final Round

MIT Enterprise Forum South Florida, Miami Innovation Fund Host Startup Contest at Citrix, Winner Takes $31,000 in Cash and Services
 
 
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FT. LAUDERDALE, Fla. - June 17, 2013 - PRLog -- FT. LAUDERDALE, FLORIDA -- The MIT Enterprise Forum of South Florida and the Miami Innovation Fund have announced the three companies out of 70 entrants that will move on to compete for $31,000 in cash and services at the Tuesday, June 18, 2013, event GeekTank, a business plan competition designed to foster growth within the entrepreneurial ecosystem in South Florida.

This sold-out event will feature power point presentations from the three companies chosen for the final round. Beginning at 6:30 PM, each company will have 10 minutes to present, followed by 10 minutes of question and answer sessions during which a panel of expert entrepreneurs, venture capitalists and angel investors will offer valuable advice to the participants. The winner, to be announced at 8:30 PM, will receive a $20,000 term sheet from the Miami Innovation Fund, $5,000 in legal services through Edwards Wildman’s Help Innovators Thrive program, and a LAB Miami membership valued at $6,000.

The following companies, invited to continue to the final round, were chosen as having the most promising ideas from over 70 submissions to the contest:

Tara Husband - DrugPlug

Christian Holterhaus - Iflavor

Travis Smith - Athletic Select

Event organizer Franc Nemanic, board member of the Miami Innovation Fund and CEO of Crunchfire Technologies, is hopeful that this event will spark continued interest in developing new companies in South Florida. Nemanic says, “There is no better time in history to start a company and we hope that this event is a catalyst towards encouraging people in the audience to launch their big idea.”

Live social media coverage of the GeekTank event has been provided by integrated marketing agency Mixed Media Fusion, http://mixedmediafusion.com, in conjunction with livestreaming provider Citywide TV and online daily radio show Social Chats. To follow the event on Twitter and join the conversation, please use the hashtag #GeekTank.

About MIT Enterprise Forum of South Florida:

The MIT Enterprise Forum of South Florida is a volunteer, not-for-profit organization whose mission is to provide educational programs and services that promote and strengthen innovation at the intersection of business and technology throughout the tri-county area of Miami-Dade, Broward and Palm Beach. The MIT Enterprise Forum of South Florida is one of many worldwide chapters. Since the formation of the first chapter in Cambridge in 1978, The MIT Enterprise Forum has grown to a network of 24 chapters located both in the United States and abroad. Although each chapter forms around a core group of MIT graduates, membership and program participation is open to all – MIT graduates and non-graduates. MIT Forum is always looking for volunteers, panelists and interesting case studies to spotlight. To participate in a monthly event or to get involved with the organization, please contact events@mitforumfl.org.

About Miami Innovation Fund:

Miami Innovation Fund is a group of accredited private investors fostering very early stage technology innovation and growth in Miami-Dade County. Their tranche-oriented investments are focused on micro-seed, pre-seed and seed stage capital stage companies, prospectively preparing them for their first round of angel financing. For more information, Jennifer Roberts can be reached at jroberts@tsteacher.com or by calling 305-742-0982, ext.171.
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Tags:Business Plan Competition, Integrated Marketing, Startup Funding, Early Stage Investments, Live Blog
Industry:Business, Technology
Location:Ft. Lauderdale - Florida - United States
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