NYC Challenge Cup
_start-up companies compete in the 1776 Challenge Cup04 Dec 14 by Margaret Amisano
As part of the 1776 Challenge Cup, start-up entrepreneurs got a chance to showcase their brilliant ideas in late November to a panel of judges – and compete head-to-head to determine which company idea is the best.
The Challenge Cup travels to 16 cities around the world to host a competition of startup companies among four categories: education, energy, health, and smart cities. The winning companies then compete in the annual Challenge Cup Festival held in Washington, DC, for a chance to win $650,000.
This year’s New York City challenge, held November 20, 2014, had more than 100 companies apply to compete. The Challenge Cup team narrowed the number down to 40, and had a full house of entrepreneurs and investors in Manhattan watching them passionately pitch their innovative ideas.
After two exciting rounds of pitches, four companies came out on top, one in each category:
Education: Cognotion – teaches skills to entry-level employees using gaming and video tools
Energy: Sealed – for installing and maintaining an energy-saving home
Health: OpenBeds – transfers patients between hospitals
Smart Cities: Bandwagon – share rides from taxis and car services
Learn more about the event by visiting challengecup.1776dc.com.