NewswireToday - /newswire/ -
Delray Beach, FL, United States, 2007/03/22 - As a program partner of EntrepreneurshipWeek USA, Venture2 sponsored the “Venture2 Spring 2007 Inventor Search” at The Launching Pad, an innovation incubator located in Delray Beach, FL.
The contest was designed to find experienced and new entrepreneurs with innovative ideas, who are looking to commercialize their products or concepts with leading consumer product companies.
The judges, Michael Docherty, CEO of Venture2, Amer Akhtar, Vice President of ADP & President of MIT Enterprise Forum of South Florida, along with Bob Robbins, Principal of Spectrum Associates, reviewed the many applications and selected nine of them to present their ideas in person on March 15, to the panel of judges. Each presenter received fifteen minutes to make their case for how their invention meets the criteria of addressing unmet customer needs, providing a unique and differentiated solution for its market and significant financial returns for its owners or investors.
“We've been amazed by the amount of interest this event has created,” said Michael Docherty, CEO of Venture2. “With our announcement, the Venture2 website received more than 40,000 hits in a single day. While billed as a local event, we've still managed to receive applications from as far away as Europe and Asia! It’s been a very rewarding experience for us and we are sure that it’s helped the inventors improve their focus and chances of success from all of their hard efforts to develop these wonderful inventions.”
The Grand Prize Winner of the “Venture2 Spring 2007 Inventor Search” is Kristen and Michael Nevils for their WaterSafe emergency preparedness product (mywatersafe.com), they will receive recognition and publicity, as well as 60 days of support from Venture2 (at no cost) in refining the concept and presenting the idea to leading companies for potential license or launch.
The two additional Finalists are:
• David Richards for his GiftWrap Cutting and Storage system
• John & Gwendolyn Corn for their BathFiddle back scrubber solution
Venture2 connects and commercializes innovation.
Venture2 works with entrepreneurs who want to commercialize innovative products and businesses, and with leading consumer product companies who want to access these innovations.
For leading consumer product companies, we create networks of external innovation partners, and find new opportunities for growth. Beyond connecting external innovations, we provide business planning and management support to jumpstart new business ventures.
For select entrepreneurs and technology firms, we partner to launch innovations directly, with the end goal of licensing or selling them to large companies.