Contestants Picked for Indiana Venture Idol Competition; Indiana's Top Innovation-Based Ventures Will Compete for Cash, Services in Unique Event.INDIANAPOLIS -- The Indiana Venture Conference 2005 has announced the 30 Indiana-based companies that will compete for the first-ever Indiana Venture Idol idol, an object, frequently an image, which is worshiped as a deity. Idols are usually found in human or animal form and may be treated as though alive; they are fed, bathed, anointed, crowned, and sometimes even provided with a consort. Competition. These companies will be vying vy·ing v. Present participle of vie. vying vie for a chance to win up to $10,000. The Indiana Venture Idol competition will be held on September 27, 2005 in the auditorium auditorium Portion of a theater or hall where an audience sits, as distinct from the stage. The auditorium originated in the theaters of ancient Greece, as a semicircular seating area cut into a hillside. of the Indiana Historical Society The Indiana Historical Society is one of the nation's oldest and largest historical societies and describes itself as "Indiana’s storyteller". The Indiana Historical Society is located at 450 West Ohio St. Indianapolis, IN 46202. . The competition will kick-off the two-day Indiana Venture Conference 2005 in downtown Indianapolis The term Downtown Indianapolis refers to the central business district, or CBD, of Indianapolis, Indiana. The boundaries of Downtown Indianapolis vary; the original mile square of Indianapolis is considered to be the true "downtown", though some may consider downtown's boundaries . The second day of the conference will be held at the Indianapolis Convention Center. "We were extremely pleased with the number of high-quality applications from Indiana's most innovative companies," said Indiana Venture Conference 2005 chairman Jeff Kirk. "These companies are headquartered in various parts of the state and they represent a number of different high-growth industries. For the entrepreneurs who are attending the event, they will be wonderful examples of how Indiana's dedication to expanding its entrepreneurial en·tre·pre·neur n. A person who organizes, operates, and assumes the risk for a business venture. [French, from Old French, from entreprendre, to undertake; see enterprise. capacity is helping grow new, viable businesses. The venture capitalists Venture Capitalist An investor who provides capital to either start-up ventures or support small companies who wish to expand but do not have access to public funding. Notes: Venture capitalists usually expect higher returns for the additional risks taken. from all over the nation who are in the audience will see the depth of our ideas and talent." A complete listing of the companies participating in the Indiana Venture Idol Competition can be found at: http://www.indianaventureconference.com/finalists.asp. These 30 companies will give a 60 second 'elevator' pitch on their innovative product or company to a panel of nationally-recognized judges and an audience of investors and entrepreneurs that is expected to reach 300. Based upon the company presentations on the morning of September 27, the judges panel and audience will vote via electronic voting Electronic voting (also known as e-voting) is a term encompassing several different types of voting, embracing both electronic means of casting a vote and electronic means of counting votes. machines on their top candidates to move to the finalist round. That afternoon, the 10 finalists will participate in the next round, where the contestants will have five minutes, along with five slides, to present their business plan to the audience and judging panel. These top 10 companies will be eligible to win prizes for the 'Coolest' Idea, the Biggest Market Opportunity and the Best Chance of Success, which will be determined by the judging panel. In addition, the audience will vote for the People's Choice Award. The overall winner, which will be announced on September 28th at the Indiana Venture Conference, will receive a total of $10,000 in cash. Winners in each of the remaining categories will win up to $1,000. Indiana's focus on expanding its entrepreneurial capacity has been demonstrated with the success of events like the Indiana Venture Conference. Indiana has also focused on growing new ventures in target industry clusters like the life sciences. BioCrossroads, Indiana's life sciences initiative, has focused on expanding capital access through efforts like the recently-announced $4 million Indiana Seed Fund and the Indiana Future Fund, a $73 million fund-of-funds. In addition, the privately funded Indiana Venture Center is working with dozens of emerging companies and has created the AngelNet network of Angel investors An individual who invests his or her own money in a private company, which is typically a startup. An angel investor is not an employee or member of a bank, venture capital firm or other financial institution that normally makes such investments. . More information on the 2005 Indiana Venture Conference is available at www.indianaventureconference.com. |
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