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May 28, 2020
Applicants Now Compete for $100,000 and Support from Render Capital
Render Capital’s $100,000 Render Competition closed applications on May 15th with 191 startups applying to receive funding and support from the Render Capital team and its partners. The inaugural Render Competition was launched on February 11th with the focus of supporting innovative and scalable startups who want to grow their company in the Greater Louisville region. Eight businesses will win an investment of $100,000.
We were overwhelmed by the number of applications that we received for this year’s competition. It is exciting to see applicants from all across the country, which is truly a testament to the entire startup community that these founders are interested in moving their companies to Louisville.
Marigrace Ragsdale, Senior Associate, Render Capital
Applications by the Numbers
- 191 Total Applications
- 18 Different States
- 4 Different Continents
- 5 Different Countries
Not only did interest come from all over the country, but also from innovations within various industries including healthcare, logistics, artificial intelligence, broad technology solutions, among others. “We are working towards creating access to capital for entrepreneurs who might not normally have it. Entrepreneurs come from a diverse group of backgrounds and locations and we were happy to see this diversity reflected in our applications,” said Marigrace.
- 52% of applicants are people of color
- 28% of applicants are female
- 54% of applicants are from outside Greater Louisville
The next phase of the Render Competition is the judging round. Judging began on May 22nd and will continue throughout the summer, inviting top candidates to advance to subsequent rounds of review. Our community of local and national judges will narrow down the initial pool of applicants into a group of 16 finalists who will compete in September for a chance to win one of the eight investments. This next step in the process would not be possible without the generous support of our volunteer judges and Render Competition sponsors UPS, Samtec, Microsoft Future of Work Initiative, and GLI.
