The state’s quasi-public venture investment arm has delivered on its plans to draw companies from around the world for a $5 million “Shark Tank”-style competition that aims to bring new companies to Connecticut.
Connecticut Innovations (CI) announced Monday that 11 companies from the United States and seven other countries will compete later this month as finalists in the inaugural competition, VentureClash, to be held at Yale University.
The finalists, heavily weighted toward health and financial technology providers, include:
- AMP Credit Technologies, Hong Kong: Offers loan-management software to banks and other financial institutions;
- BondIT, Israel: Offers software and analytics for investment portfolio managers;
- Care Thread, Rhode Island: Offers mobile software that helps teams of healthcare providers manage patient care;
- Clinical Support Information Service (CSIS), Ireland: Offers software that tracks patient prescription information for healthcare providers;
- Digital Contact Limited, United Kingdom: Offers decisionmaking software and analytics to traders and brokers;
- Dream Payments, Toronto, Canada: Offers a point-of-sale mobile platform for retailers and merchants;
- Hubbub, United Kingdom: Offers fundraising software and digital products to schools and nonprofits;
- Liquidaty, New York City: Offers data-processing automation software;
- LindaCare, Belgium: Offers software to help healthcare providers monitor patients remotely;
- Linqto, California: Offers software and technology that helps banks create branded apps and interact remotely with customers;
- Streamdata.io, France: Offers data software and services for website and app developers.
Approximately 170 companies applied this summer to compete in VentureClash, which will offer up to $5 million in equity awards to early-stage companies in exchange for setting up operations in Connecticut.
“Over the past few months, we have come to know many of the entrepreneurs, and we’re confident Connecticut would be a great place for their companies to grow,” CI CEO Matt McCooe said in a statement.
The top prize is set at $1.5 million and second place is $1 million. As many as four runners-up will each receive $500,000, CI said.
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CT Innovations announces $5M investment challenge
