The deadline for companies to submit executive summaries and possibly become part of the Utah Venture Capital Conference next January has been extended to Nov. 10, according to Brad Bertoch, executive director of the Wayne Brown Institute (formerly the Utah Innovation Foundation).
"This extension will give people who have been out of town or who have been presenting at other conferences an opportunity to submit," Bertoch said. "We want the companies to do an excellent job on their summaries so the extra time should help," he said.Bertoch said companies can submit an expanded executive summary that will be reviewed by a selection panel. Criteria have been established and those companies selected can make presentations during the conference Jan. 25 in the University Park Hotel.
Companies in various stages of growth needing between a few thousand dollars to several million dollars will be considered, Bertoch said, and the should have a reasonable expectation of doing $20 million in business in 5-7 years. In previous conferences, companies have received more than $20 million in venture capital.
The panel will consist of Mitt Romney of Bain Venture Capital, Boston; John Holliman III of Valley National Investors, Phoenix; Jeffrey Schutz of Centennial Funds, Denver; Alan Dishlip of Shaw Venture Partners, Portland; Michael Gallagher of Norwest Venture Management Inc., Minneapolis; and James Dreyfous of Utah Ventures.
These people represent more than $500 million in venture capital under management, Bertoch said.