Call for Applications: VentureClash 2018 - Digital Health, Fintech, Insurtech and Internet of Things
ROCKY HILL, Conn., March 1, 2018 /PRNewswire
Connecticut Innovations (CI), Connecticut's strategic venture capital arm and one of the leading sources of financing and ongoing support for innovative, growing companies on the east coast, today announced the launch of the application period for VentureClash. VentureClash is Connecticut's $5 millionglobal venture challenge for early-stage digital health, financial technology, insurance technology and Internet of Things companies.
"This is our third year of VentureClash, and we expect more high-quality companies as well as additional corporate partners in our industry verticals," said Matt McCooe, CEO of Connecticut Innovations. "VentureClash and CI are helping incredible companies grow and succeed here in Connecticut. As one example, Dream Payments, the 2016 top winner of VentureClash, has gone on to raise two rounds of funding for more than $10 million. Dream has since launched in the United States, won major banks and insurance companies as customers, and announced partnerships with major credit and payments companies."
The entire investment award pool is $5 million, with a top investment award of $1.5 million. The remaining $3.5 millionwill be determined by the judges' panel on the day of the event.
To be eligible to apply, a company must:
- Have been in business for at least 12 months
- Have paying customers or customers who are actively testing the applicant's product
- Have a compelling business reason to create a Connecticut presence, which applies to domestic and international applicants
- Be focused in digital health, financial technology (fintech), insurance technology (insurtech) or Internet of Things (including energy cost reduction technologies)
Deadline for applications: June 8, 2018
Source: Connecticut Innovations
Illustration Photo: Mobile payment (credits: Wolfgang / Flickr Creative Commons Attribution-NoDerivs 2.0 Generic (CC BY-ND 2.0))