PowerMoves.NOLA, the new national initiative focused on providing access to capital, connections and guidance to increase the number of America’s venture-backed minority entrepreneurs, has announced the results of its three $25,000 pitch competitions that were held July 4–5 in New Orleans. The initiative’s organizers also announced the results of the July 5 Risingstars Demo Day competitions, which included a $50,000 PowerMoves.NOLA fellowship, and a $25,000 cash award to a second company.
Chevron Power Moves Power Pitch at ESSENCE Festival
- Olubunmi ‘Boomie’ Odumade, Co-Founder & VP of Engineering - Nexercise: A free app making healthy living a winnable game. Nexercise’s founders created the business based on the premise that exercise doesn’t have to be boring, and that people don’t have to drastically change their lifestyles to be healthy. Nexercise offers a new way to stay motivated, lose weight, and stay in shape by allowing consumers to play with friends, earn rewards, defeat challenges, and track their progress on the largest fitness mobile interactive game of its kind.
- $5,000 ESSENCE Festival Audience Favorite: Delali Kpodzo - We Are Onyx: The all-in-one online beauty platform dedicated to Black Women.
Liberty Bank “Angel” Power Pitch
- Candace Mitchell, Founder/CEO — Techturized Inc.: Was founded by hair enthusiasts who want to transform the hair care industry for women of color through science and technology. Their first solution is a mobile app called Myavana, a female social network which allows collaboration on hair care and styling issues through photo sharing, hair products, and profiles of stylists.
Entergy “Series A” Power Pitch
- Kellee James, Founder/CEO — Mercaris: Addresses the lack of basic market data available to participants in the $7 billion organic and non-GMO agricultural sector. Its trading platform provides up-to-date, accurate information on commodity market conditions, and allows buyers and sellers to meet on-line and trade.
PowerMoves.NOLA $50,000 Fellowship Recipient
- Luke Cooper, Founder — Asurvet: A technology enabled Insurance & Financial Services Company, focused on average incomers. The company manages risk through insightful, data driven technology that meets consumers at key decision points. They integrate their product line with other funding and e-commerce sites through a single user interface. Cooper, who grew up in poverty and whose father was incarcerated for most of his life, ultimately used entrepreneurship as a tool for overcoming life’s biggest challenges.
PowerMoves.NOLA Risingstars Demo Day $25,000 Award
- Bea Arthur, Founder — Prettypaddedroom: Transforms traditional therapy into a streamlined, HIPAA-compliant experience that is affordable and anonymous. Using the Digital Diary™—an interactive journal that facilitates written consultations with a potential client’s therapist of choice—clients can connect with an all-female team of licensed therapists anytime and anywhere.
Access the complete press release here.
The purpose of this project is to identify where opportunities exist to connect local small businesses to procurement opportunities at New Orleans institutions in the BioInnovation and Health Services cluster.
The primary deliverable of this project will be a summary of best practice research on anchor institution procurement strategies, a comprehensive survey of small businesses that can potentially serve the immediate and future procurement needs of New Orleans hospitals, and a survey of the technical assistance providers able to build capacity among these small businesses.
DEADLINE IS JULY 22. Download the complete RFQ and submission instructions here.
One year ago, we launched ProsperityNOLA: A Plan to Drive Economic Growth for 2018. We promised that this was not a plan that would simply sit on a shelf, and we delivered on that promise. One of our goals in ProsperityNOLA is to support the strong and growing BioInnovation and Health Services cluster in New Orleans. We have real progress to share from the past year, but we still have a long way to go.
Our accomplishments in BioInnovation and Health Services over the past year include:
- Working with the New Orleans Bioinnovation Center to bring venture capital investors into New Orleans for their annual Innovation Louisiana Conference
- Supporting Delgado Community College in creating a first of its kind program in Louisiana for laboratory technician training
- Piloting a career education program with four local high schools with a focus on careers in the BioInnovation and Health Services cluster
- Developing an Anchor Institution Strategy, which incorporates best practices from hospitals and institutions in Cleveland and other cities with the City of New Orleans and local health service institutions to create employment and procurement opportunities for local small businesses and New Orleans residents
- Attracting market driven investment in New Orleans from companies such as Cobalt, which is building a medical facility and rehabilitation hospital treating traumatic brain injuries, concussions, and Parkinson’s Disease.
- Developing a transition strategy for the BioDistrict. The approved transition plan will focus on business development and workforce development, along with identifying longer term sustainable funding and a governance structure.
For a complete list of our accomplishments over the past year across all five target industry clusters, and all seven work strands, read our ProsperityNOLA Updates.
Today we are excited to release our second ProsperityNOLA Strategic Advisory Council Update. This update details our activity toward the implementation of ProsperityNOLA from March – May 2014. ProsperityNOLA is the comprehensive plan to drive economic growth in New Orleans by 2018, the City’s tricentennial anniversary. We are proud to report great strides on the following projects:
- Developing a transition strategy for the BioDistrict
- Launching PowerMoves.NOLA
- Formulating an Anchor Institution Strategy
- Developing a High School Career Technical Education (CTE) Program
- Continuing work toward achievement of Industry Councils’ 2014 priorities
Click here to access the complete ProsperityNOLA update.