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Contact Information: Tanya Klein Public Relations 973-596-3433

iSpeech Wins Investor Comp at Conference Hosted by NJIT

A promising new venture based at the NJIT Enterprise Development Center was selected as the winner at iEvening New Jersey, an innovative new business event attended by more than 160 startup founders and entrepreneurs, and hosted by NJIT on May 19, 2011.

A promising new venture based at the NJIT Enterprise Development Center was selected as the winner at iEvening New Jersey, an innovative new business event attended by more than 160 startup founders and entrepreneurs, and hosted by NJIT on May 19, 2011. The four-hour conference included two workshops, networking, 14 exhibits and an investor pitching competition for start-up companies seeking investment capital.

Newark Mayor Cory Booker delivered a keynote address on innovation and business development at the event, and NJ startups presented competitive speed pitching presentations to a panel of high-profile, early-stage investors.

 “The success of this event demonstrates the leading role NJIT plays in promoting innovation and entrepreneurial education in the New York metro area,” said Judith Sheft, associate vice president of technology development at NJIT. “Jerry Creighton, executive director of NJIT’s Enterprise Development Center (EDC), continues to foster an environment in which startups can grow and succeed. We expect this will be the first of many events we host.”

The event was produced by iBreakfast New Jersey, a venture of NJ marketing firm, Sperlingreene PR and Marketing, in partnership with New York-based iBreakfast. Attendees heard from a panel of early-stage investors about what they look for in companies in which they invest. The investor panel included: John Ason, angel investor, Stephen Brotman of GSA Venture Partners, Mike Segal of Joshua Capital, and Chris Fralic of First Round Capital.

The winning firm, iSpeech, a profitable provider of cloud-based speech technology and mobile apps, received an invitation to present at the prestigious Private Equity Forum in New York, to be held in June at New York’s Yale Club. 

Sponsors of the MiniConference included NJIT, human resource specialist Ambrose, and the law firm Plata Forbes Ferrer & Gutierrez. Event organizers plan ongoing events and meetings sponsored by NJIT, that cater to the New Jersey small business community, including the 95 startup companies based at the NJIT Enterprise Development Center.

Steven Greene, partner of iBreakfastNJ said, “This first iBreakfast event in New Jersey demonstrates the powerful resources available this side of the Hudson, and points to the surging growth of business in the Garden State.” iBreakfast founder, Alan Brody agreed, “We are seeing an exciting new wave of tech and life science ventures emerging from the Garden State.”

iBreakfastNJ is an independent venture of Sperlingreene PR and Marketing in partnership with iBreakfast, the long-standing New York-based digital events organization led by Alan Brody. For additional information and dates of upcoming events, visit www.ibreakfastnj.com.

NJIT’s EDC is home to 95 high-tech and life-science companies. Located on the NJIT campus, EDC companies have access to NJIT facilities and can partner with researchers to help grow their business. EDC is located in the heart of Newark’s University Heights Science Park and the Newark Innovation Zone. For additional information about the EDC visit: http://www.njit-edc.org/

Founded in 2007, businesses, organizations and consumers worldwide choose iSpeech for its high quality, scalable and easy to use text-to-speech (TTS), automated speech recognition (ASR) and voice to text solutions. iSpeech's flagship and award-winning mobile app, DriveSafe.ly™, has read over 400 million text messages and emails aloud in real-time to over 8 million people. iSpeech® is a privately held company headquartered in Newark, NJ at the NJIT EDC, with offices in San Francisco and New York. For additional information about iSpeech, visit: http://www.ispeech.org/.

Sperlingreene PR and Marketing is a communications, public relations and events management firm headed by Karen Sperling and Steven Greene. For additional information, visit www.sperlingreene.com.

One of the nation’s leading public technological universities, New Jersey Institute of Technology (NJIT) is a top-tier research university that prepares students to become leaders in the technology-dependent economy of the 21st century. NJIT’s multidisciplinary curriculum and computing-intensive approach to education provide technological proficiency, business acumen and leadership skills. With an enrollment of 11,400 graduate and undergraduate students, NJIT offers small-campus intimacy with the resources of a major public research university. NJIT is a global leader in such fields as solar research, nanotechnology, resilient design, tissue engineering and cybersecurity, in addition to others. NJIT ranks 5th among U.S. polytechnic universities in research expenditures, topping $121 million, and is among the top 1 percent of public colleges and universities in return on educational investment, according to PayScale.com. NJIT has a $1.74 billion annual economic impact on the State of New Jersey.