Byline: David Hutter
Early-stage venture capital firm Newark Venture Partners hosted Demo Day on Jan. 15 to showcase companies that have grown under its direction.
At the event, hosted by Audible at its Innovation Cathedral, Newark Venture Partners Founder Don Katz, who also founded Audible, encouraged people to follow their dreams if they want to start a company.
"You have to stop and celebrate along the way," Katz said. "[Newark Venture Partners] vision is old-fashioned capitalism."
More than 2,600 companies applied to Newark Venture Partners seeking spots in the bridge-to-seed program. Fewer than 1 percent of companies were selected to do the program.
Seven companies gave presentations and graduated from Newark Venture Partners at the event, with founders hailing from Kuwait, South Africa, Australia, London, India and across the U.S.
OmniX, founded by Muthia Al Sayer, is a business-to-business company that uses machine learning and computer vision platform to analyze existing company video feeds and deliver analytics and predictive insights.
SpeechKit, a company that converts text to audio for news articles, was co-founded by Patrick O'Flaherty.
Brahmin Solutions, a company that does sales inventory management for mid-sized businesses, founded by Brahm Meka.
MindRight Health, founded by Ashley Edwards, provides mental health coaching via text which helps people overcome violence, incarceration, drugs, depression and anxiety.
Botmock, founded by Obaid Ahmed, is a company that works in technology related to text messages and voicemail.
Speak2 Software, founded by Matt Smith, is a voice software company for senior and assisted living facilities that routes a spoken request to the right support team member, logs patient activity, and syncs health requests.
Galaxy.AI, founded by Jasjit...