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Thursday, June 18, 2009
MassNetComms brings startups, telco vets together at summit
By Mass High Tech Staff
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The Massachusetts Network Communications Council held its 2009 Innovators Summit last night, with 16 companies presenting their technology and business plans to a crowd of investors and telecom industry veterans.
The day was divided into a series of pitch panels, including a blisteringly fast-paced 60-second pitch session featuring each of the 16 companies, kept moving by moderator Carl Stjernfeldt, a general partner at Castile Ventures. Following the 60-second pitches, the companies were split into four categories -- Mobile; Video, Search and Social Media; Broadband Infrastructure and Security; and Cloud Computing, Virtualization & Storage -- for longer presentations.
A panel of judges handed out awards at the end of the day. Best Product Concept went to Westford-based Virtual Computer Inc., which makes technology to manage thousands of PCs across the network. Coolest Technology was given to Veveo Inc. of Andover, which makes vTap, a way to put web video on your mobile phone.
The Best 60-Second Pitch award went to Aylus Networks Inc. of Westford, which demonstrated its technology for streaming live video from mobile to mobile alongside a voice call during its pitch. The Team Most Likely to Succeed honors went to CloudSwitch Inc. of Bedford, which has technology designed to take any enterprise application and port it to the cloud. But the Company Most Likely to be a Household Name in 5 Years, according to the judges, was Needham’s RatePoint Inc., which provides clients with a social rating service that lets people rate web sites and shares those ratings with other users with similar profiles.
The summit was held at the Westin Waltham and was sponsored by PricewaterhouseCoopers, Hewlett-Packard Inc. WilmerHale, Starent Networks Inc., Charles River Ventures, Invest Northern Ireland, Alcatel-Lucent, Xconomy and Mass High Tech.
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