Upward Hartford hosted “Upward Labs Demo Day: The Experience” on Tuesday, October 22. The event included an immersive, interactive experience, enabling guests to envision a “smart city that uses technology to keep its citizens happy, healthy, and safe” and featured pitches by participating incubator startups.
Creating incubators in Hartford for tech startups is one of the many ways the city is becoming a true innovation hub.
“We’re working to make sure Hartford is on the leading edge of technologies,” said Mayor Luke Bronin in his opening remarks at Upward Hartford Demo Day.
What’s more, efforts like Upward Labs and VentureClash help ensure startups not only participate in local resources but commit to building a presence in the Hartford Region.
The good news? According to an article by Hartford Business Journal Staff Writer Sean Teehan: Most of Upward Labs' first startups plan to stay in Hartford.
Read excerpts from his article:
Upward Labs’ eight incubator tech companies finished their six-month program Tuesday, a milestone marked by a Demo Day at Upward Labs’ downtown Hartford office, at which executives from each of the startups gave presentations about their work to a room packed with dozens of politicians, executives, and members of the media.
Four companies have already relocated to Hartford and/or are hiring staff here—BEAD, Xandar Kardian, NonnaTech, and WizeCar—and are in talks with Upward’s corporate partners about potential investments worth more than $1 million each, according to Shana Schlossberg, Upward’s CEO and founder.
As per Upward’s guidelines for companies accepted into the incubator program, which was backed by a two-year, $3.9 million investment from Connecticut Innovations, four of the recent graduates focus on smart-building technology and the other four on aged care.
During his presentation, Xandar Kardian CEO Sam Yang said his device, which focuses on home-remote health monitoring and personal emergency response systems, can be used in the smart-building and aged-care world. He noted Xandar Kardian is actively hiring in Hartford.
“We have a lot of partners many of them from (Hartford),” Yang said. “We’re very proud to have an ongoing relationship with these companies.”