Friday February 5, 2016 0 comments
CENTENNIAL -- TechrioT, Colorado’s first Internet of Things (IoT) entrepreneurial collaborative, announced the 11 finalists for its inaugural IoT-focused business accelerator called TechrioT XLR8.
The 11 companies were selected from more than 100 applicants by TechrioT’s advisory board, made up of tech industry veterans, entrepreneurial visionaries and Colorado business leaders.
“The IoT era will reshape the way technology is integrated into our daily lives,” said Suzy Gutierrez, TechrioT co-founder. “The inaugural XLR8 cohort of 11 companies is front and center in that revolution and will have the TechrioT advisory board network behind them as they take the next steps in their business development.”
Five Colorado-based companies are part of the first cohort: GoFire LLC, LockState, Place Global, QB Labs and U Grok It.
“As a leading IoT smart lock provider to the vacation rental and Airbnb markets, LockState is excited to be partnering with Arrow, Denver South EDP and Innovation Pavilion as part of this TechrioT program to pioneer and promote new disruptive IoT applications,” said Nolan Mondrow, LockState CEO.
“We are thrilled to be a part of this IoT accelerator and look forward to polishing our company’s vision and products over the next few months,” said Jennifer Maskrey, QB Labs co-founder.
Companies in the cohort from outside Colorado are: Envivo Systems (Calgary, Canada); Knocki (Houston); MyOrbii (Houston)l Ombitron (Kansas City, Mo.); Smart Office Energy Solutions (Chapel Hill, N.C.); and Tailio (San Diego).
XLR8 applicants submitted business plans that were reviewed by a team of judges who rated their business solutions through an online scoring system. Finalists were selected based on criteria that included market validation, hardware design and groundbreaking IoT innovation.
Each company will receive supply chain financing from Arrow Electronics and introductions to anchor customers and channel partners. The accelerator will culminate with two investor pitch opportunities – one in Denver and one in Silicon Valley – in late summer 2016.