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 presentations" to an audience of financiers.
The 2008 NJTC Venture Conference exhibiting companies are: Agilence Inc., AlfaGene BioScience, Inc., Angel Medical Systems, Inc., Apex IT Group, Aptron Corporation, Attila Technologies LLC, automoti.com, Bakto Natural Perservatices, LLC, BeeDrive Technologies LLC, Binary Tree Inc., Camlink, Countervail Corporation, Dynamic Mobile Data, Inc., EggZack.com LLC, E.G. Technology Corp., ekkoTV, Inc, Element ID, Inc., ePlans inc., FeedbackFX, Freedom-2, Inc., Gaw Associates, Germgard Lighting LLC, Giant Realm, GrantAdler Corporation, hField Technologies, Inc., igolgi inc., IndustrySuite LLC, iReminder, LLC, Medit Corporation, MET Tech, Inc., MI Secure, LLC, MicroFluor, LLC, Mycelium Holdings LLC, NAYATEK, Netronix, Inc., NeuroTrax Corporation, Origin BioMed Inc., Orthobond Corporation, OVVO Financial Systems, Pretty Brook Productions, Re-Manufacturing Technologies, Inc., Remix Energy, LLC, rVibe, SensiGen, LLC, Simplicato, Inc., SiteAcuity, LLC, Smart Genetics, LLC, Step-X, Sorella Media, LLC, Stevens Proof of Concept (SPOC) Inc., SURFsquared, Switch2Health Corp., Synapsis Technology, Inc., The Talk Market, LLC, TreadStone Technologies, Inc., Triad Biometrics LLC, Xylos Corporation and Zoomnia.
At the culmination of the conference, the Best in Show award winners
were announced. The 2008 NJTC Venture Conference Award Winners are:
Most Innovative Product/Service - Switch2Health, New Brunswick, N.J.
Best Life Sciences Company - SensiGen, Philadelphia, Pa.
Best Information Technology Company - Feedback FX, New York, N.Y.
Best Communications/Electronics Company - Agilence, Anchorage, Alaska
Best Advanced Materials/Nanotechnology Company - Xylos, Langhorne, Pa.
Best Environment & Renewable Energy Company - Synapsis, Las Vegas, Nev.
Best Early Stage Company - Site Acuity, Summit
Best Management Team - Angel Medical, Shrewsbury, N.J.
People's Choice - Zoomnia, Brooklyn, N.Y.
VCs' Choice - hField, Bethlehem, Pa.
Company Most Likely to Succeed - NeuroTrax, Newark, N.J.
"These are the companies to watch in 2008," said Ballen said.
The NJTC is a membership organization dedicated to supporting technology companies in the region. In addition to a full calendar of programs and events related to various tech sectors, upcoming events include the NJTC CIO Conference on April 18 in Princeton (featuring Monster.com founder Jeff Taylor), the NJTC Bootcamp on May 21 in Princeton, and the NJTC CFO Awards on June 13 in Jamesburg. Visit http://www.njtc.org for information about these events, NJTC membership and the NJTC calendar of programs.
Copyright©2008 PR Newswire.
All rights reserved