Healthcare IT startups sought for investment competition

A competition for healthcare IT and other technology companies to present their businesses to angel […]

A competition for healthcare IT and other technology companies to present their businesses to angel and venture capital investors is looking for startups to participate in its Startupalooza NJ investment event.

To qualify for the May 9 competition, the companies must be three years old or younger and have no more than $5 million in revenue. One winner will be chosen in healthcare/sciences and digital categories. The event will be hosted at the Enterprise Development Center at NJIT in Newark, New Jersey.

Companies will be able to pitch to at least 10 investors, according to a statement from the organizers. Investors scheduled for the event are from Jumpstart NJ, IQ Ventures, NewSpring Capital, RAK Tech Fund, DFJ Gotham, Edison Ventures, Robin Hood Ventures, Gorann Inc. and  Innovation Garden.

David Shrier of KeyView Partners will present a new study on the new math of launching a startup at the event.

Among the prizes awarded are invitations to attend the Private Equity 2012 National Venture Capital & Growth Investment Forum reception at the New York Yale Club with private equity and venture capital firms. Other prizes include one hour of consultation by Alan Brody, author of “Are You Fundable? How to Measure and Improve Your Capital Quotient” and one hour of marketing strategy consultation by Steven Greene of Sperlingreene PR & Marketing.

Epion Health won in the digital health category at Startupalooza’s inaugural event earlier this year. The company focuses on improving health literacy using videos and multimedia presentations for when people are in the waiting room before their appointment since this is the time they are most likely to be focused on their health concerns.

[Photo from freedigitalphotos user digitalart]

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