SOMERSET, N.J., March 31 /PRNewswire/ -- The Palace was the backdrop for technology's royalty last week when the New Jersey Technology Council (NJTC) crowned the "Best in Show" at the 2008 NJ Venture Conference.
Newark-based NeuroTrax was named "Company Most Likely to Succeed" and Switch2Health of New Brunswick took the prize for "Most Innovative Product/Service."
The annual daylong event drew a crowd of more than 500 entrepreneurs and investors looking for the next great deal and almost 60 companies from various sectors including life sciences, IT, energy/environment, communications and entertainment ready to show off their innovative technologies.
"The most exciting part of this year's conference was that we showcased brand new, never-before-seen companies," said Maxine Ballen, president and CEO of the NJTC.
Two of the conferences returning exhibiting companies, Treadstone Technologies and Origin Biomed, both received venture funding as a direct result, they said, of their participation in the 2007 NJTC Venture Conference.
The NJTC Venture Conference is one of three premier financing events held throughout the Year. In addition to the trade show exhibition floor, attendees heard from luncheon speaker Gary Rose of the New Jersey Office of Economic Development. A panel discussion about "how to become fundable" was also entertaining and informative.
"This is the event I look forward to all year long because the exhibiting companies and the investors who come out to see them are a testament to the NJTC's work," she said. "We strive to create a business climate where technology can flourish and the Venture Conference is a day when we are able to see the fruits of our labor as a major supporter of the technology community."
Exhibiting companies were offered the opportunity to meet with venture
capitalists and bankers in private sessions. Many companies also took
advantage of the option to make extended "elevator pr
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