Home Business $100k Startup Pitch Competition at ITEN Wired Summit

$100k Startup Pitch Competition at ITEN Wired Summit

ITEN WIRED, Florida Power & Light Company (FPL), Space Florida, and TechFarms Capital are pleased to announce the ITEN WIRED Innovation Awards startup pitch competition to be held on October 19, 2023, in conjunction with the ITEN WIRED Summit. The competition is open to pre-seed and seed-stage companies in Northwest Florida.

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The ITEN WIRED Summit is a two-day event that will bring together entrepreneurs, investors, and business leaders from across the region. The summit will feature keynote speakers, panel discussions, workshops, and networking opportunities.

“We are excited to partner with ITEN WIRED for this pitch competition,” said Danielle Mousseau, Manager of Economic Development, 35 Mules – an innovation hub within FPL. “It
aligns with our mission of supporting Florida’s startup ecosystem. This is a great opportunity for early-stage companies in Northwest Florida to showcase their businesses to the attendees of the Summit and pitch to a panel of experienced investors and technologists.”

“We are thrilled to work with ITEN WIRED to invest in this community and fuel early-stage companies in Northwest Florida,” said Frank DiBello, president and CEO, of Space Florida.

“At Space Florida, we are creating an ecosystem where companies can get everything they need to see their new ideas take off. Our goal is to serve as a catalyst for innovation and collaboration.”
The pitch competition will be held on the afternoon of October 19 at the Hilton Pensacola Beach.

The top six startups will pitch their businesses to a panel of independent judges, and three winners will receive $50,000 for 1st place, $25,000 for 2nd place, and $25,000 for third
place. The three awards are non-dilutive, which means that the winning companies do not have to give up equity for the awards received. The award dollars are supported by FPL and Space
Florida.

“We are looking for innovative and disruptive companies solving real problems,” said Kelly Reeser, Managing Partner of TechFarms Capital. “FPL and Space Florida want to build the statewide emerging tech ecosystem by fueling the growth of companies in the region that have the potential to make a significant impact.”

To be eligible to participate in the pitch competition, companies must meet the following criteria:

● Be located in Northwest Florida, either HQ or significant operations

● Be in pre-seed or seed stage (less than $1M in revenue run-rate, have raised <$2M in external capital, and are seeking to raise $5M or less in the next 12-18 months)

● Be a technology startup in a qualified sector including but not limited to energy innovation, aerospace, or emerging technologies

● Have a product/service that’s live or in beta form and have measurable performance indicators such as revenue, customers, successful beta results, etc.

Applications for the pitch competition are due by Noon CDT Friday, September 1, 2023. For more information and to apply, please visit https://itenwired.com/pitch-competition.