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EVANSTON, Ill., May 27, 2021 /PRNewswire/ Por Adela, a smart fleet management startup, is the winning team at VentureCat, Northwestern University s annual student startup competition powered by the Levy Institute for Entrepreneurial Practice and co-sponsored by Lanny and Sharon Martin. The top 25 semifinalist teams competed for more than $300,000 in non-dilutive prize money on May 26, 2021.
VentureCat hosted 30 distinguished venture capitalists, entrepreneurs and industry experts as judges from Boston to Denver to Silicon Valley to evaluate startups from five industry tracks: Business Products and Services, Consumer Products and Services, Energy and Sustainability, Life Sciences and Medical Innovations, and Social Impact. The winner of each track in the semifinals, and one wildcard team, competed for the finals prizes:
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Representatives of 20 startups delivered minute-long elevator pitches in a Thursday matchmaking event hosted by The Garage, allowing students interested in entrepreneurship to interact with Northwestern-based companies.
The Garage is home to many student-founded organizations that belong to two tiers Residency and the Tinker programs. The Tinker program is for students in the ideation phase, while the Residency offers more access to The Garage’s resources.
Melissa Kaufman, The Garage’s executive director, introduced the event as an opportunity for student startups in The Garage to find teammates.
“We’ve tried a number of different formats for connecting students.” Kaufman said. “Everything from a website to putting stuff on the fridge in The Garage, and we found that this format works really, really well.”