At NJTC Venture Conference, Some Old and Some New NJ Companies Take Home Honors

Photo: Participants listen to speakers at the NJTC Venture Conference. Photo Credit: Laurie Petersen
Participants listen to speakers at the NJTC Venture Conference. | Laurie Petersen

Technology companies dominated the March 2013 NJTC Venture Conference, held recently in New Brunswick, and life sciences pulled in a close second. This year’s crop included a number of already well-developed businesses.

New Jersey companies took home roughly half the awards presented at the conference, which drew participants from as far as California. Angels and VC investors who attended last year told this year’s event had better energy even with the smaller setting at its new location in the Hyatt Regency.

Some were repeat winners. 

AllWeb of Newark, last year’s best informational technology winner took the best healthcare information technology company award for its cloud-based identification and password-management system. This year’s award recognized how the fingerprint ID and two-step user authentication connects to HIPPA privacy regulation of medical records. 

Most innovative product/service company winner was ProServices of Trenton, N.J., a company which has been in business for more than 15 years, is profitable and offers independent software security and quality assessment services to Fortune 1000 companies and the Federal government. 

TransendIT of Mount Laurel won best e-commerce company honors. Founded in 2003, the company customizes point-of-sale terminal software and is now assisting its U.S. customers with their conversion to standardized EMV chip technology for credit and debit card processing. 

Six-month-old and cash flow positive TelAPI of South Amboy took the best communications company award for its web-based API products that enable developers or companies to perform telephony applications with code.

HATCHEDit of Westfield, one of two winners with women at the helm, took best early stage company honors for its social network for the future that streamlines personal communication for creating shared calendars and making plans with your inner circle. 

Best Green Company was mPhase Technologies of Little Falls, N.J. whose consumer division mPower Technologies unveiled an mPower Jump class of jumpstarters small enough to fit in most automobile glove compartments and with fast recharge times. 

Best management team award went to HRAcuity of Chatham, N.J., a SaaS-based best practice software and service company, for mitigating the legal and financial risks associated with employee-related workplace issues. President and CEO Deborah Muller has 20 years of HR experience. 

Company Most Likely to Have an IPO was Pervasive Group of Clifton, which has developed MMGuardian for parents to control their kids’ texting and smart device use remotely. The app has had 53,000 downloads since January. Echolocation, which came out of the TechLaunch (Montclair) accelerator along with Pervasive, was Judges Choice. 

Wrapping up the awards presentations as a 2012 success story was Lyndhurst-based SpeechTrans, which offers a universal language translator. The company was last year’s people’s choice and also voted company most likely to succeed. 

Co-founder Yan Auerbach said the company has partnered with HP and as of April 20 its translator will be installed as an API in every HP product shipping with Windows 8. 

Auerbach’s advice: Be patient and persistent at achieving your goals and while publicity is nice, your ultimate goal should be revenue.

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