Groundswell Startups Announces Space Coast Pitch Challenge Finalists, Will Compete for $20,000 March 10
By Space Coast Daily // February 28, 2022
In addition to the $20,000 cash prize, winning companies will receive in-kind support
BREVARD COUNTY, FLORIDA – Groundswell Startups has announced the nine finalists pitching for $20,000 on Thursday, March 10 as part of the Space Coast Pitch Challenge.
The Space Coast Pitch Challenge is Brevard’s first locally developed and funded pitch competition and is supported by the Economic Development Commission of Florida’s Space Coast, Cypress Bank & Trust, TSS Solutions, Health First and Relentless Private Equity Development.
Jarin Eisenberg, COO of Groundswell Startups, said the nine finalists will be judged by professional VC investors from across the Southeast including Christy Brown, Launchpad2X; Marc Sokol, Florida Funders; Ben Patz, Deepwork Capital; and Ron Tarro, New World Angels.
“In attendance will be representation from investment firms including Kirenaga, SeedFundersOrlando, Space Florida, venVelo, Patriot Investment Partners, and more,” said Eisenberg.
The final nine were selected from among 50 locally-based startups that applied to the Space Coast Pitch Challenge, showcasing a diversity of tech, talent, and passion for solving complex problems.
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THE NINE FINALIST ARE:
Kalogon’s Smart Seat Cushion Technology is designed to help prevent pressure sores and accelerate the healing process by eliminating direct pressure on sensitive areas.
Mindstamp is the simplest and most powerful interactive video solution available.
CashQ enables FinTech and non-FinTech companies to send money globally in real-time using network interconnections and blockchain technology.
GunEye has developed an innovative Smart HD Weapon Mounted Gun Camera optic device with a unique secondary sighting system that links a gun directly to a mobile phone using their GunEye Target App.
My Steady Mind is a program designed to train you to manage your emotions, focus your mind, and perform at a higher level in your career and personal life.
Helicon has created the world’s most advanced propellant proven to increase rocket engine performance by 30-40 percent.
Data labeling for the gig economy.
IDEM Systems handheld hardware and software tools will allow public safety users to accurately identify suspected illegal narcotic drugs and drug signatures within seconds.
Awana connects and empowers LATAM talent and US companies through leveraging a strong virtual infrastructure that bridges communities and opens opportunities.
Since 2016, Groundswell Startups has helped over 35 companies gain access to over 60 million dollars in outside capital investment.
Ranging from early-stage seed rounds to Series A, our ecosystem is well-equipped to help startups scale, gain access to capital, and make connections to the resources, mentors, and markets they need to take another step forward in their journey.
“The strength of Florida’s Space Coast has always been its brainpower, ingenuity and entrepreneurial spirit,” said EDC President and CEO Lynda L. Weatherman.
“A goal of the EDC is to find new ways to leverage that strength for the betterment of our community, which is why we are excited to partner with Groundswell Startups on the Space Coast Pitch Challenge to discover new sources of talent and ideas.”
In addition to the cash prize, companies will receive in-kind support from Groundswell Mentors and Partners including legal support, accounting and finance, strategic guidance, and more. Finalists will have the opportunity to pitch in front of angel investors and venture capital firms from across the Southeast.
Space Coast Pitch Challenge organizers said they are looking for dedicated founders who want to disrupt industries, challenge the status quo, and bring innovative solutions to the market – and do it all from the Space Coast.
Application requirements were based on these criteria:
■ Based or have a substantial presence Brevard County
■ Pre-revenue companies are encouraged to apply
■ Have a capable, and coachable team (or are looking to build out that team) and are seeking mentoring/coaching and in-kind tools, investments, and advisors to scale
■ Submit a pitch deck or a presentation
■ 2022-2024 Revenue Goals
The Space Coast Pitch Challenge finalist had these qualities:
■ Looking to create disruption in a large and fast growing market
■ Are using innovative technology/and/or tech enabled services solutions
■ Have a large addressable market opportunity
■ Traction with potential customers and partners
■ Working to create business and financial plan