SAN FRANCISCO--(BUSINESS WIRE)--Investorfest Media announces that Vyycore was voted “Best of Show” winner at MobiTechFest East on May 12, 2011 in Cambridge, Massachusetts by a judge panel of venture capital firms including Blue Run Ventures, Highland Capital Partners, Hummer Winblad Venture Partners, and Matrix Partners. Vyycore is the maker of a high-efficiency Pre-distorter core for cellular handset and WiFi devices to extend the life of mobile phone batteries. As Best of Show winner, Vyycore received a prize package worth $50,000 USD including an exhibit and marketing services from CTIA and legal services from Foley & Lardner LLP. Human Engines was also recognized during the competition as the runner-up winner for creating fun, innovative user experiences on emerging devices such as smart phones, tablets, and web-based operating systems.
“If you are in the mobile space, MobiTechFest is where you want to present; any other non-focused venture event will result in a loss of time and money,” said Doren Koren, president of Vyycore. “If you have a compelling and disruptive story you will not go home empty-handed. This is the best event to meet investor angels and venture capitalists from the mobile world. I have a 100% hit rate for securing funding after each of my presentations at MobiTechFest.”
During its inaugural east coast event in Boston, MobiTechFest East gathered the best of mobile start-ups across the country seeking investment. Baback Elmieh, president, products at Human Engines, Inc., one of the presenters and runner-up winner of the event, said: “MobiTechFest was an incredible experience for us as a company. The business coaching, networking contacts, and exposure to the mobile venture community is helping us take our vision to the next level."
Investors in attendance were impressed by the quality of the presentations at MobiTechFest East 2011. "MobiTechFest showcases some of the brightest and most-likely-to-succeed young companies in the mobile market," said Stan Reiss, general partner, Matrix Partners. "I have to admit that I typically have low expectations of venture-specific events, however the quality of the companies presenting at MobiTechFest was quite high."
“The support and enthusiasm from the east coast market has been incredibly strong during our first east coast event production in Boston,” said Gopan Madathil, founder and president of Investorfest Media, the producer MobiTechFest Europe. “The quality innovation of the mobile entrepreneurs has truly impressed investors, presenting companies, and mobile executives – and we only anticipate the quality of mobile start-ups to intensify in the coming months.”
About MobiTechFest and Investorfest Media
MobiTechFest™ is a part of the Investorfest™ series of events produced by Investorfest Media, the leading VC funding accelerator in the mobile space. Through our highly focused training and hands on support, qualified companies are put in front of specially chosen investors at our annual conference series. To date, over 75% of presenting companies have gone on to receive funding, with over $280 million being raised since 2006. For more information, please visit www.investorfest.com.