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Wasabi Ventures, a Palo Alto, Calif.-based venture capital firm with an office in Manchester, N.H., is bringing some attention to the New Hampshire tech startup scene. The firm has launched VentureX – New England, a startup pitch competition to be held Jan. 26, 2012, at the abi Innovation Hub.
The competition will award $30,000 to a for-profit tech startup that has raised less than $100,000 in funding and brought in less than $100,000 in revenue in 2010. The one winner of the 10 finalist teams receives $10,000 in Wasabi Angel Fund seed funding, $20,000 in engineering and product management services from Wasabi Ventures, and a free year of residency at abi Innovation Hub’s WV EDGE Acceleration Center in Manchester.
Wasabi Ventures describes itself as a firm that combines venture capital, startup incubation and consulting.
Renamed from the Amoskeag Business Incubator, which was originally founded in 1997 as a collaboration between Southern New Hampshire University and the City of Manchester, the abi Innovation Hub relaunched in February with a larger board and a new entrepreneur-in-residence.
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