“This is a unique time for innovation and investing in the Mid-Atlantic region and we are fortunate to see such support for Distilled Intelligence 1.0,” said Jonathon Perrelli, Founder and General Partner of Fortify.vc
Washington, DC (PRWEB) October 03, 2011
Distilled Intelligence 1.0, the start-up competition created by Fortify.vc to energize DC’s startups and investors, today announced the companies selected to participate at the October 11, 2011 event.
The presenters represent a strong cross-section of technology including big data, cyber security, clean / green tech, critical infrastructure, disruptive technology, analytics, design, enterprise software, medical IT, mobile commerce, SaaS providers, and social platforms.
“We had a large number of submissions and many great companies to choose from. The overall quality, diversity and level of talent made this a challenging process,” said Adam Fazackerley, General Partner of Fortify.vc and Master of Ceremonies for the event. Initially, the down select number was 50, but the caliber of the startups was so strong that we felt complelled to expand the field.”
An independent panel of judges conducted the down select to 55 from a pool of well over one hundred companies with collaboration from the team at Fortify.vc. The full list of presenting companies is available on the Distilled Intelligence 1.0 web site, http://www.distilledintelligence.com/companies.php.
Distilled Intelligence 1.0 will take place on Tuesday, October 11, 2011 from 9:00am to 5:00pm at the Commonwealth of Virginia’s Center of Innovative Technology (CIT) in Herndon, Virginia. Fifty-five companies will present in the first round, 22 will advance to the second round and finally 11 will compete for the cash and prizes.
“This is a unique time for innovation and investing in the Mid-Atlantic region and we are fortunate to see such support for Distilled Intelligence 1.0 from the technology community, sponsors, startups and investors,” said Jonathon Perrelli, founder and general partner of Fortify.vc. “Although it feels like we are throwing two weddings on the same day as we cater to the needs of both founders and investors equally, all of the hard work will pay off for this region.”
The event is on track to draw more than 500 people. Tickets are on sale at http://www.distilledintelligence.com for investors and entrepreneurs who are interested in attending.
Distilled Intelligence 1.0 sponsors include: Access National Bank, Bridgeport Benefit Advisors, CIT, Cooley, DLA Piper, Heiden Group, Loudon County Virginia, Montgomery County Virginia, SecureForce, SpeakerBox Communications, Summit Financial Systems, and TIA.
About Distilled Intelligence 1.0
Distilled Intelligence 1.0 provides the region's hottest startups with an opportunity to present to angel investors and venture capital firms looking for investments. Fifty-five startups have been selected to compete for a chance to win cash and prizes totaling $25,000 (no strings attached). The event hosts and sponsors have assumed the mission of pairing startups with investors and are confident that companies will obtain funding as a result of attending this event.
Fortify.vc is a seed and early stage venture fund founded and managed by serial entrepreneurs and angel investors. Limited partners and the management team all have experienced multiple successful company exits. The “Founders Funding Founders” theme reflects their mission to serve as a founder-friendly fund. Fortify.vc invests in talent-rich technology markets with a focus on product companies in cyber-security, mobile commerce, social platforms, and enterprise software. Fortify.vc looks for great teams with defensible market positions, in large- or high-growth sectors. The partners and mentors actively participate with portfolio companies to develop sound strategies, grow intelligently, and facilitate follow-on funding, or clear exits.