Nick Swisher | May 4, 2018
17 area teams were awarded more than $400,000 in cash and in-kind prizes at the 2018 McCloskey New Venture Competition on Friday, April 27.
Enlighten Mobility and SecurSpace split the $50,000 McCloskey Grand Prize, which is awarded to teams founded by Notre Dame students or alumni. Figuro3D and Healthy Points split the new $50,000 Startup South Bend-Elkhart/Elevate Ventures Grand Prize, which is awarded to the top community based teams.
Altogether, $266,000 was awarded as cash and $143,000 was given as in-kind prizes such as banking, tax, legal and intellectual property support.
Teams presented before a panel of nationally-known judges and 600 attendees in the Dahnke Ballroom at the University of Notre Dame stadium. Daymond John, CEO of FUBU and co-star of ABC TV's Emmy-Award winning series, "Shark Tank"; Matt Rogers, the inventor of the Nest thermostat and engineer on the original Apple iPhone; Swati Mylavarapu, founder of Incite Labs, partner at Incite Ventures and former partner at Kleiner Perkins Caufield and Byers; Dan Peate, alumnus, founder and general partner of Peate Ventures; Mark Foley, alumnus and managing director at RWI Ventures; and Tracy Graham, alumnus and founder and managing principal of Graham Allen Partners served as this year's final round judges.
The McCloskey competition began in 2001 with $30,000 in awards and 70 teams. Now in its eighteenth year, the competition gave out more than $400,000 in prize money and attracted a record 169 teams in 2018.