WILMINGTON, Del., Aug. 2, 2017 /PRNewswire/ -- SmartInvest Ventures ("SmartInvest"), an international venture capital firm, announced today the successful completion of the SPARK1.0 Challenge. SmartInvest selects and nurtures entrepreneurial talent and their innovative ideas into viable businesses. A "Life's a Pitch" screening event, held in early 2017, identified suitable start-ups in the earliest stages of development to participate in SPARK1.0 which was Held in Wilmington, DE at The Mill, an innovation hub in downtown Wilmington. A second "Life's a Pitch" event will be held on September 25th, with the second SPARK2.0 Challenge scheduled for October.
The experiential learning style of SPARK had the group of talented entrepreneurs brimming with enthusiasm. "We are learning and doing, not just sitting in a classroom," said Jimmy Jannuzzio, an entrepreneur seeking SmartInvest advice for his BookBandit app, who received angel investment from local Delaware investors, following his SPARK1.0 experience.
SmartInvest sees synergies between the economic recovery of Ireland in the 1990s and the current economic woes facing the state of Delaware, which the company feels can be mitigated through public-private partnerships.
Gerry Moan, Founding Partner at SmartInvest says, "The historic large company economy of Delaware is changing rapidly. We see tremendous opportunity to ignite the investment community here in Delaware by using the same public-private partnership approach that has been so successful, for example, in re-energizing the Irish economy over the last several years. We know that our vetted, intensive hands-on process de-risks investment for Delaware investors."
SmartVenture's process for moving companies from concept to business has a strong history of success. With $2BN in asset management experience among the partners, SmartInvest, the company's VC fund, takes on technologies that are developed to disrupt a market. SmartInvest is now in its second phase of fundraising.
For more information, visit www.smartinvestventures.com
SmartVenture and SPARK2.0 Contact:
Gerry Moan, Founder, SmartInvest Ventures, Gerry@smartinvestventures.com
Susan Stipa, McDay, firstname.lastname@example.org
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SOURCE SmartInvest Ventures