Midstate start-ups to compete for $100k investment

Written by Rachel McDevitt | Oct 4, 2017 2:30 PM

Steve Case presents a check to the winner of a pitch competition in Pittsburgh. (Courtesy: Rise of the Rest)

(Harrisburg) -- Nine start-ups in the midstate will have the chance to win a $100,000 investment from a co-founder of AOL.

Steve Case and his investment firm Revolution will kick off their latest Rise of the Rest tour in central Pennsylvania on Tuesday.

Nationally, 75 percent of venture capital is invested in New York, Silicon Valley, and Massachusetts.

Director of Investments Anna Mason said the tour is an opportunity to meet the people who are working to support innovation and entreprenuership away from the coasts.

"So for us it's really about connecting with folks on the ground, in person, and spotlighting the great work that's being done," Mason said.

The tour will make stops in York and Lancaster before heading to the Harrisburg Midtown Arts Center for the pitch competition.

The nine start-up founders will have four minutes to pitch, then another four minutes to answer questions from a panel of judges.

The winner will be awarded a check on the spot.

This is the third time Rise of the Rest will stop in Pennsylvania, after previous tours through Pittsburgh and Philadelphia.

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