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|Manchester Young Professionals Network Awards $55,000 to TechLok|
|Published Friday, June 21, 2013|
The Manchester Young Professionals Network has named TechLock the 2013 winner of the MYPN NH Startup Challenge business plan competition. TechLok is a mobile security platform that leverages wireless and cloud connectivity, machine learning, and big data to offer an unparalleled level of security against theft and loss for laptops, tablets, smart phones, and their data. TechLok was founded by Andrew Richards of Manchester, NH and Central High School 2002 graduate. The MYPN New Hampshire Startup Challenge is the state’s leading business plan competition that has awarded over $200,000 in cash and in-kind services to Granite State entrepreneurs over the past six years.
“We are beyond excited to win the MYPN NH Startup Challenge as it will provide a significant boost for our business and allow us to bring our product to market quickly so that we can address the $5.4 billion dollar problem that is data and device theft,” said Andrew Richards, founder of TechLok. “We have a big problem to solve and thanks to the Manchester Young Professionals Network we will be able to accelerate our business and take it to the next level. We are grateful for the support we have received from MYPN and the close-knit community of innovative entrepreneurs taking shape at the abi Innovation Hub.”
TechLok beat out more than 30 entries from across NH to win MYPN’s NH Startup Challenge, a statewide business plan competition was created in 2008 by MYPN, NH’s first and largest young professional networking organization with nearly 3,000 members.
“When MYPN launched the NH Startup Challenge we wanted to encourage entrepreneurship and foster innovation throughout New Hampshire,” said E.J. Powers, co-chair of the MYPN NH Startup Challenge and vice president of Montagne Communications in Manchester. “In the past six years we have been overwhelmed and inspired by the creative business concepts submitted from every corner of the state. We are so grateful for our generous sponsors who year after year enable us to put forth such a robust prize package and so very proud of this year’s winner, TechLok, and all of our contestants who are committed to making New Hampshire a great place to create and grow a business.”
TechLok will receive over $55,000 in cash and and in-kind professional services donated by NH businesses. The prize package includes:
- Up to $20,000 in cash
- Airfare to Austin, TX, three days and two nights’ accommodations, two-day pass to South by Southwest Interactive and a VIP pass to the Dyn SXSW Music Meets Tech Party
- $25,000 in advertising support from Business NH Magazine
- Seat in the abi Innovation Hub’s Accelerator Program and a one-year residence at the abi offices in Manchester
- Accounting services from Howe Riley & Howe in Manchester
- Legal services from McLane Law Firm in Manchester
- Financial advisement from Morgan Stanley Wealth Management | The Schubert Group in Manchester
- Human resources counsel from Cultural Chemistry, also located in Manchester.
Public Service of New Hampshire is the presenting sponsor of the MYPN New Hampshire Startup Challenge. Other major sponsors include DYN, FairPoint Communications, Centrix Bank, abi Innovation Hub, Business NH Magazine, Howe Riley and Howe, McLane Law Firm, and Morgan Stanley Wealth Management| The Schubert Group.
The MYPN NH Startup Challenge Committee consists of: Jamie Coughlin, abi Innovation Hub (co-chair), E.J. Powers, Montagne Communications (co-chair), Josh Delisle, DYN (co-chair), Michael Skelton, PSNH, and George Tzimas, Morgan Stanley Wealth Management - The Schubert Group.
For more information and complete rules of the competition, visit www.mypn.org/nh-start-up-challenge.
MYPN was formed in 2004 to create business opportunities, support community involvement and to foster an overall investment in the future of Manchester. MYPN members gain access to community leaders, equally motivated peers, and develop future skills. The organization helps to improve its members' professional skills, expand their contact base, and provide the opportunity to promote themselves and their business in a relaxing setting. www.mypn.org.
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