TechLaunch Graduates Take Top Prizes at NJTC Event

New Jersey Technology Council Honors Echolocation and Pervasive Group at 2013 Venture Conference
Montclair, New Jersey – March 25, 2013: Two Companies which were part of TechLaunch’s Inaugural Class of 2012 took top prizes on Friday at the NJTC Venture Conference, which showcases the region’s most promising new companies to the investor community and corporate business. They are:
Judges’ Choice Award: to Echolocation, whose Echo product is an iPhone app that connects you with your location through 140 character messages. When you open Echo it automatically detects which city you’re in, and provides you with the most recent updates from Echo users in that city. It’s an innovative way to get local news, discover events, and interact with people around you. Echolocation Co-Founder, Brian Donohue, commented, “Given that there were so many high quality startups at NJTC Venture Conference 2013, we were thrilled to receive this honor. Our mission is to create a really simple way for people to communicate at a location, and in doing so we feel we will be uniquely poised to capitalize on the high growth opportunity represented by the local, mobile ad market.”

Most Likely to Have an IPO Award: to Pervasive Group, for their product, MMGuardian, which enables parents to monitor and control critical aspects of their child’s phone use for safety and peace of mind. Pervasive Group Co-Founder, Paul Grossinger, stated, “We are honored to win this prestigious award from the New Jersey Technology Council and we’re very excited that others share our vision for this difference-making company and product. We are proud to add this achievement to our list of recent milestones, including the Best Company award at the NJEN conference in February, as well as winning the New York Ultra-light startup contest last December.”

Mario M. Casabona, TechLaunch’s Founder & CEO, observed, “As our Class of 2012 companies continues to outshine the competition and impress the investor community, we are more confident than ever about the importance of having a technology accelerator model alive and well in New Jersey. I am very optimistic about the current applicants to our expanded 2013 LaunchPad program, and so personally proud of both Pervasive Group and Echolocation. Congratulations!”

About Echolocation: a Brooklyn based technology company founded in 2011 by Brian Donohue and Rocky Chiu. The company is the developer of Echo, a mobile, microblogging application that connects users to highly relevant information about their location via 140 character messages. The Company has just finished building its ad platform in March, by which their customers can leverage the targeted nature of Echo to get their message in front of their desired audience at a particular location. Additional questions can be directed to support@echolocation.com. For more, please go to http://www.echolocation.com

About Pervasive Group: a NJ based technology company founded in 2012 whose product, MMGuardian is the first comprehensive mobile parenting solution for android smartphones, enabling parents to monitor and control critical aspects of their child’s phone use for safety and peace of mind. Since the commercial product was launched this January at the 2013 Consumer Electronics Show, 15,000 parents have downloaded MMGuardian, including the Company’s first paying subscribers. Recently MMGuardian was chosen by a leading Middle East wireless carrier to power their mobile parental control brand. For more, please go to http://www.mmguardian.com.

About TechLaunch: New Jersey’s premier Technology Accelerator, TechLaunch was created to drive the commercialization of innovative technology within the State. Formed in collaboration with the NJ Economic Development Authority (EDA) (njeda.com), Montclair State University (montclair.edu), Casabona Ventures LLC (CasabonaVentures.com), and successful entrepreneurs, TechLaunch provides a select group of emerging Portfolio Companies early seed-stage funding, mentorship, key services and exposure to qualified investors, through a 16-week LaunchPad 2 accelerator program which culminates with a Demo Day on September 19, 2013. To learn more, please visit techlaunch.com or email Executive Director, Travis Kahn at travis@techlaunch.com.

Media Contact:
Norma Casabona
norma@techlaunch.com

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Categories: NJTC News, Uncategorized

Author:NJ Tech Council

The New Jersey Tech Council helps companies grow and supports the tech, innovation and entrepreneurial ecosystems in the state and region.

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