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Venture Capital Rides into Barre

Venture Capital Rides into Barre

The Vermont Granite Museum in Barre, VT is the site where forty venture capitalists will descend to hear from entrepreneurs eager to obtain funding for new projects based in Central Vermont. August 3, 2016 marks the first time that the FreshTracks Road Pitch will be in the Capital Area.

This year marks the 3rd consecutive FreshTracks Road Pitch which sends Business Bikers on a five day "Road Trip" across Vermont in search of the best and brightest entrepreneurs. Begun in 2014 by Carin G. Cross, co-founder and Managing Director of the FreshTracks Fund, the FreshTracks Road Pitch is designed to bring potential funding to new ideas. The twist is that from August 1St through August 5th, these investors ride into ten Vermont towns on their motorcycles and listen to the entrepreneur's pitch to fund the "better mousetrap."

Up to seven entrepreneurs selected from an applicant pool will be provided the opportunity to "pitch" their ideas. The potential funders will decide which if any are worth investing in. The businesses will not only be competing for investments by the financiers. In addition to the potential to line up funding for projects, $1,000.00 and a Vermont Teddy Bear "Biker Bear" will be awarded for the best presentation. The best presenters will also be entered for a $4,000.00 "Grand Prize" to be awarded to the state-wide winner in October.

By connecting creative talent with investors, FreshTracks Road Pitch hopes to spur economic development and business expansion.

Locally, the event is being sponsored by Community National Bank (Presenting Sponsor), The Barre Area Development Corporation, the Barre Partnership, The Central Vermont Chamber of Commerce, JET Envelope, The Northfield Savings Bank and The World. Statewide sponsors include The Vermont Department of Economic Development, Key Bank, Gallagher, Flynn & Co., and The Vermont Small Business Development Center.

The Central Vermont Road Pitch Steering Committee is comprised of David Rubel (Community National Bank) who is chairing the group, Lindel James (Center for Leadership Skills), William Moore (Central Vermont Chamber of Commerce), Josh Jerome (Barre Partnership), Joel Schwartz (Bane Area Development Corp.) and Leanne Tingay (Orton Family Foundation).

Additional information can be found at http://www.freshtrackscap.comievent/road-pitch/ or by calling William Moore at 802-229-5941.

 

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