Blogging live from New Orleans–today the Village Capital cohort will pick two investments as part of the Idea Village’s New Orleans Entrepreneurship Week. A cohort of 16 entrepreneurs has been meeting weekly since early November, evaluating and assessing one another’s businesses, and today, the peer group will pick two to receive $50,000 in investment apiece. Last week, the cohort selected four finalists, and each one will have a chance to pitch their peers today.
We’ll be looking at:
SensPack, a mobile medical monitoring device that extends basic healthcare to people outside the reach of hospitals, whether it be rural Americans or those in emerging markets. Senspack is a backpack with basic health diagnostic tools, all Bluetooth-enabled to send patient information to health care professionals across distances.
GTC Nola, which looks to redefine the way taxi transportation is done in the US. GTC Nola is a 100% clean-energy fleet, and they look to have universal reliability, acceptance of credit cards, and “green” transportation within the fleet.
LifeCity, a green business certification company that looks to rate and evaluate businesses on their sustainability, building a membership list of consumers who will drive business to more sustainable enterprises.
Rebirth Financial, an organization that helps small businesses in economically distressed areas gain access to fair financial services. Rebirth helps secure financing for enterprises and helps them navigate the difficult-to-acquire financing available for small businesses.
The Idea Village has navigated this group through a 12-week peer review process. Two of these are getting investment today, and their peers are making the decisions. Stay tuned…
(By Ross Baird. Photo Credit Justin Somnia.)