TECHRIOT DELIVERS ‘YELLOW BRICK ROAD’ TO 8 GRADUATING IOT STARTUPS
CENTENNIAL, CO – Sept. 18, 2016 – TechrIoT (pronounced “Tech Riot”), Colorado’s first Internet of Things (IoT) entrepreneurial collaborative, is hosting its inaugural IoT-focused Demo Day for eight graduating startup companies. The 2016 graduating cohort will pitch their inventive internet of things solutions to a select group of investors, executive advisors from F500 companies, and local political dignitaries at a private Demo Day event on September 22nd at Innovation Pavilion in Centennial, Colorado.
The event will be sponsored in part by the City of Centennial. Neil Marciniak, Economic Development Manager, “Centennial recognizes the importance of building an innovation ecosystem to attract and retain entrepreneurs who are creating companies, jobs and technologies that are changing the world and our economy. IP is key to making this happen in the Denver South region.”
The 2016 Cohort Class Graduates are:
Envio Systems: (Calgary, Canada) SMART commercial building management systems
GoFire: (Boulder, CO) Precise dosage control
Knocki: (Houston, TX) SMART device that turns any surface into a control
LockState: (Denver, CO) Wifi Enabled remote lock
Ombitron: (Seattle, WA) Business Intelligence for the Internet of Things
Pet Wireless: (San Diego, CA) Health and wellness monitoring for pets
Place Global:(Denver, CO) Content Platform of Things.
UGrokIt:(Steamboat Springs, CO) Affordable RFID read/write device for smartphones
All of the companies have raised seed funding and some are in Series A funding rounds.
Demo Day highlights from the 2016 graduating class include a $1.2M Kickstarter raise from Knocki garnering support from 8,897 backers. This capital raise will enable Knocki to produce sensors to deliver to the consumer market in 2017.
Place Global is participating in several pilot projects: CDoT I-70 Central Project, Onerva School for Visually Impaired, Imagine Colorado, University of South Australia, Deloitte Innovation Centers, Socket Mobile: RFID point of sales system.
Envio is currently collaborating with Vinci, RWE on pilot projects and has already secured customer purchase orders for it’s IoT solution with Vinci, RWE Daimler, Mercedes and BMW Group. Reza Alaghehband, CEO Envio Systems, “The TechrIoT program has been helpful by providing industry contacts and an opportunity to present to VC’s in the USA. This fits well into pursuing growth in North America along with our European contingent.”
Ombitron CEO, Todd Boerner, states “For Ombitron, participation in TechrIoT was extremely positive. Not only did we successfully complete our seed funding round during the program, we were able to get very tactical about our go to market approach. This collaborative effort with the TechRIoT staff and mentors has us well positioned for rapid growth as we unlock the IoT for companies of all sizes.”
UGrokIt was selected as a finalist at the 2016 CTIA StartUp Lab. Carrie Requist, CEO adds, “TechrIoT has been a remarkable experience for U Grok It. The hyper-collaborative approach and innovation hub of the Innovation Pavilion helped us look at our business through a new lens to find new opportunity and refine what’s already been working. We’re grounded in the notion that finding creative solutions makes a stronger business – and it is exhilarating to work with like minded mentors and peers. The relationships we’ve made via TechrIoT will continue to impact and shape U Grok It for years.”
TechrIoT XLR8 (pronounced accelerate) companies collaborated in a 6 month, fast-paced, business accelerator-type environment without the usual fees and relocation requirements. Each company received valuable resources to validate hardware device product designs, investor preparedness assessments, introductions to anchor customers and channel partners and supply chain financing and resources. TechrIoT will begin accepting applications for its 2017 cohort this fall.
TechrIoT is a high growth, hyper-collaborative, entrepreneurial ecosystem aiming to expedite the creation of disruptive IoT solutions. TechrIoT enables productive collaborations of all IoT stakeholders through monthly MeetUps and on-going educational events. Our community is supported by a F500 Executive Advisory Board and experienced mentors. We support IoT innovation through a business accelerator called TechrIoT XLR8, Micro XLR8, Corporate Pilots and Roundtable Discussions, Supply Chain Financing and Resources. For more information, visit techriot.org.