Eight Day Business Festival Hailed as Asset for New Orleans’ Future
Today, The Idea Village announced that the 8th annual New Orleans Entrepreneur Week(NOEW), presented by IBERIABANK, engaged 13,216 entrepreneurs, investors, professionals, students, and community members through 119 sanctioned events held in partnership with 55 strategic organizations over eight days. The NOEW 2016 attendance represents a 24.9% increase compared to NOEW 2015. NOEW is produced by The Idea Village, an independent 501(c) 3 nonprofit organization.
“I think New Orleans is poised to re-emerge as one of the great startup cities in the country,” said Steve Case, Co-Founder of AOL, during his public keynote at NOEW 2016. “New Orleans’ greatest strength is the rhythm and rituals of its community and NOEW is now part of this city’s great cultural calendar.”
Mayor Mitch Landrieu said, “New Orleans Entrepreneur Week remains a valuable asset for our city’s future. As we prepare for our 300th anniversary in 2018, NOEW will serve as a critical partner for increasing civic innovation and advancing opportunity for our residents.”
From March 11-18, 2016, 185 of the most innovative regional startup ventures in technology, water, education, energy, healthcare, and food were showcased on the NOEW platform, up 52% from NOEW 2015, and 87% of these entrepreneurs were new to the NOEWstage. This year, NOEW attracted leading entrepreneurs from around the South through a partnership with the Delta RegionalAuthority, as 60 startup founders and delegates from across the eight-state Delta Region travelled to New Orleans to participate andlearn how to grow an entrepreneurial ecosystem in their own communities.
“NOEW is a powerful platform to showcase the collaborative entrepreneurial movement across the South,” says Chris Masingill, Federal Co-Chairman of the Delta Regional Authority. “NOEW gives communities across the Delta region access to investors, information, ideas, and peer groups that strengthen the ecosystem for entrepreneurs in the Mississippi River Delta.”
Key Highlights from NOEW 2016:
$649,430 in cash and in-kind resources was awarded to entrepreneurs across 21 different showcase events during NOEW:
o MobileQubes, Quarrio, and Torsh participated in the Coulter IDEApitch, the premier entrepreneur showcase at NOEW in partnership with Jim Coulter, Founder of TPG Capital. MobileQubes won receiving access to a $100,000 investment towards their next round of funding. All three ventures will represent New Orleans at Collision Conference this month in New Orleans.
o AxoSim Technologies, Be Well Nutrition, Catalyst:Ed, GradSquare, Grok + Banter, iSeeChange, Mooey, Juggle Enterprises, Pupular, Scandy, The Sweat Social, and Welcome to College participated in Demo Day @ NOEW, a fast-paced showcase event giving select New Orleans entrepreneurs a platform to deliver an informative presentation about their business to an audience of local angels and national VCs.
o NOEW culminated with The Blackstone Big Idea, the nation’s largest crowd driven pitch event where over 3,500 peoplecongregated on Fulton Street to allocate $94,000 in cash and prizes to 10 emerging startups. MashBall won receiving a $31,525 grant. The 9 other participating entrepreneurs collectively received $42,475: Catalyst:Ed, Culturalyst, Design UnWined, Fresh Cane, Gigsy, Lionheart Prints, The Sweat Social, Scenehound, and Thinkerella. Additionally, TheSweat Social won the Peter Mayer Marketing Prize and was awarded $20,000 worth of in-kind services by Peter A. Mayer Advertising.
o Pupular won Patriot Tank receiving a $15,000 grant.
o Project Peaceful Warrior won the 4.0 Schools Education Pitch receiving a $7,000 grant. 2nd place went to Gigsy who received a $2,000 grant and 3rd went to Living School who received a $1,000 grant.
o Gator & Crane won the Cox Business/Inc. “Get Started” Pitch Competition receiving a $5,000 grant.
o Culturalyst won the Downtown-NOLA Arts Based Pitch receiving a $7,500 a grant and in-kind resources valued at $35,600.
o LineGuard Med won the Delta Entrepreneurship Network Fellow Showcase and received a $7,500 grant. 2nd place went to Sweet Bio who received a $5,000 grant and 3rd place went to Zuni Learning Tree who received a $2,500 grant. Audience favorites Renewable Energies and Musistic each received $1,000.
o FreshCane won the JEDCO Challenge Powered by First NBC Bank receiving a $20,000 grant and $45,000 of in-kind resources.
o F&S Eyewear, founded by high school students from Mount Carmel Academy, won Junior Achievement’s Trust Your Crazy Ideas Challenge receiving a $10,000 grant.
o WindowSill Pies won the inaugural Woman Entrepreneur (WE) Fellowship presented by The Junior League of New Orleans receiving a $2,500 grant and in-kind resources valued at $2,750.
o Meusu won the Launch NOLA pitch competition receiving $5,194. 2nd place went to Project 18 who received $3,156 and 3rd place went to Love of People who received $1,969. The “People’s Choice” award went to Ofia’s Art Expo who received $1,896.
o TOURED and Loyola University won the IDEAcorps MBA Consulting Competition.
o Bayou Baby Bites won the NOLA Made Pitch Competition for Food & Farmer Entrepreneurs receiving a $7,750 grant and $16,500 in in-kind resources.
o Cythereal won the NO/LA Angel Pitch Competition receiving $10,000.
o Martin Ecosystems won the Water Challenge receiving a $15,000 grant. Non-profit winner Groundwork New Orleansreceived a $5,000 grant and Audience Favorite Caminada Bay Premium Oysters received $500.
o IDIYA and Propeller were the for-profit and nonprofit winners of the annual Salesforce-Silverline Challenge. IDIYA received $15,000 worth of professional Salesforce implementation services and licensing and Propeller received $12,400 worth of professional Salesforce implementation services and licensing.
o Christie’s Dream Seafood won the Startup St. Bernard pitch receiving a $33,800 grant and $76,200 in in-kind resources.
o Sensifoam, Sensytec, and BioAesthetics were selected to advance to the final round of the Tulane Business Model Competition during the qualifying round hosted at NOEW.
o Condall Consulting won the Urban League of Greater New Orleans’ Women-in-Business Challenge receiving a $10,000 grant.
o OBOCS won The Idea Village and the Southeast Louisiana Energy Initiative’s Energy Innovation and Entrepreneurship Summit’s $75,000 pitch competition.
ABOUT THE IDEA VILLAGE: The Idea Village was formed in 2000 by a group of New Orleans citizens who believed entrepreneurship is a catalystfor positive change. The Idea Village is an independent 501(c) 3 nonprofit organization that provides direct service to high impact entrepreneurs,convenes the ecosystem through NOEW and supports initiatives that strengthen our entrepreneurial infrastructure. The Idea Village received theGold Excellence award from the International Economic Development Council for our Entrepreneur Season model in 2012 and was recognized as atop-three entrepreneurship ecosystem developer in 2014 by the Global Innovation Summit. For more information: www.ideavillage.org
ABOUT NEW ORLEANS ENTREPRENEUR WEEK: New Orleans Entrepreneur Week (NOEW), presented by IBERIABANK, is the leading platformfor celebrating business, innovation, and entrepreneurial thinking in New Orleans. Produced by The Idea Village, NOEW elevates entrepreneurshipthrough eight days of discussion, debate, education, competition, and celebration. For more information: www.NOEW.org