HOUSTON, March 1, 2016 /PRNewswire-USNewswire/ -- Investors extended $865,000 worth of financing offers to finalists at the second annual EO-Houston Veterans Business Battle on Saturday evening, with negotiations for more investments continuing.
The event allowed 16 finalists from across the country who are all veteran-owned start-up businesses to pitch their ideas to a panel of investors at Rice University's Jones School of Business
"We expect to see many of the finalists leading the business world in the near future," Veterans Business Battle Executive Director Phil Butcher said. "These veterans impressed us with their plans and their passion for their ideas."
Fort Worth, Tex. based Air Armor Tech, which manufactures inflatable protective cases for helmets, guns and other sensitive equipment, received the largest investment of $400,000 from a group of Entrepreneurs' Organization-Houston members and Amegy Bank. Biao Skincare, a Houston-based company started by Afghanistan veteran Nicole Baldwin, received combined offers of $150,000 from Entrepreneurs' Organization-Houston members, Amegy Bank and the Courageous Women's Investment group as well as the crowd favorite award, which came with $5,000 cash from Amegy Bank.
Other winners were:
- FemTac, an Alabama-based company that designs and manufactures tactical apparel for women, which received $55,000 in investment offers.
- Solar Shield Paint, an Austin-based company that manufactures energy-absorbing paint, received a $50,000 investment offer
- Martins Famous Oils received the semi-finalist award and a $10,000 investment
- Houston investment firm Sutton Ventures committed to invest $200,000 in one or more of the following companies: FemTac, Mobilization Capital, Air Armor Tech and Solar Shield Paint.
Investment groups will also meet with Tasklight, SynShark Mobilization Capital, Serious Simulation Fishviews, and Innovator Health. Last year, after ongoing negotiations, more than $900,000 of investment offers were extended to finalists, ranking the competition #1 in investments to veteran-owned business start-ups.
The objective of this competition is to launch and grow as many veteran-owned businesses as possible.
For more information, visit www.vetbizbattle.com or call 713-296-0004
Veterans Business Battle was established in 2015 by The Houston chapter of Entrepreneurs' Organization and Rice University's Veterans in Business Association. The competition aims to foster entrepreneurship among veterans, grow veteran-owned businesses and give back to veterans seeking to make a difference in the business world. For more information, visit www.vetbizbattle.com
Contact: Sara Yonker, 713-296-0004
SOURCE Entrepreneurs' Organization-Houston