Entrepreneur Pitch Competition Winners 2013
PortTech Los Angeles announced the winners of the Entrepreneur Pitch Competition. After being chosen from more than 35 companies during the semi-finals, ten entrepreneurs gave eight-minute venture pitch presentations to a panel of judges including investors, business consultants and representatives from both the Port of Los Angeles and the Port of Long Beach.
“This year’s Entrepreneur Pitch Competition participants were truly outstanding. Each year the competition draws an even better group of entrepreneurs with innovative clean technologies,” said John Dmohowski, PortTechLA’s Director of Client Services. “Choosing the winners was incredibly difficult, but we managed to pick the top three candidates based on the quality of their presentations, the potential market-demand for their technology and their overall business plan.”
The winners are:
- ARES (Advanced Rail Energy Storage) North America received the grand prize for a grid-scale energy storage technology that uses electric locomotives and the power of gravity to generate and store green energy. This technology provides a clean, economical and efficient land-based solution to overcome the challenge of storing renewable energy such as wind and solar.
- Bright Light Systems received the Best Business Model Award for the company’s energy-efficient, durable plasma lighting technology with wireless capabilities. With 15 new customers, Bright Light Systems is already on a path to success by providing high-quality, high-mast lighting to large-scale facilities such as the Navy, Army and ports.
- Egological Mobility received the Best New Technology Award for the world’s most compact electric scooter, which is capable of traveling 20 miles on a single charge, is light enough to carry on the bus and is perfect for the first and last mile of a commute.
The grand prize winner receives $3,000 in legal services from Locke Lord LLP, a full-service, international law firm with Texas roots that is widely recognized for its representation of clean tech companies at all stages of development in finance, mergers and acquisitions, regulatory matters, litigation and dispute resolution.
In addition, the grand prize winner receives six months of PortTechLA services, which includes mentoring, marketing consultations, business advice and access to angel investors and early-stage venture capitalists. The other top award winners receive $1,500 in Locke Lord LLP legal services and three months of PortTechLA services. All the award winners receive a one-hour consultation from Talnack and Associates on grant writing and government funding.
“Sponsoring the Entrepreneur Pitch Competition and having the chance to see the potential in each entrepreneur’s emerging business was inspiring,” said Louis Dienes, a partner with Locke Lord LLP. “We are looking forward to working with each of the winners and helping them by providing strategic legal advice at this crucial stage in their business.”
About PortTechLA: PortTech Los Angeles (www.porttechla.org) is a commercialization center and incubation program dedicated to creating sustainable technologies for ports and beyond. We bring together entrepreneurs, strategic partners and investors to accelerate innovation, advance clean technologies and create economic opportunities. We promote and develop technologies that enable enterprises to meet their environmental, energy, security and transportation goals. PortTech Los Angeles, part of the Clean Tech Los Angeles Initiative, is a 501(c)(3) non-profit organization and a cooperative effort of the City of Los Angeles, the Port of Los Angeles, and the San Pedro and Wilmington business communities.