The annual 3 Rivers Venture Fair is kicking off today! The event is taking place until tomorrow and is featuring some of the area's up-and-coming startups. Each year investors from all over come to see the chosen companies pitch their ideas, and featured companies have gone on to raise over $500 million. Many startups from around the Pittsburgh region are showcasing their innovations and pitching to investors, one of RCI's own resident businesses', Diamond Kinetics, Inc. is among this year's presenting companies.
Some 42 tech and life sciences firms, 25 of which hail from the Pittsburgh region, are scheduled to make pitches with the goal of garnering capital commitments at Heinz Field during the Oct. 7-8 event.
“One in four people will be an investor,” said Kelly Szejko, president of the Pittsburgh Venture Capital Association, which has presented 3RVF every 18 months since 2002. She said about 600 are attending, of which 150 are either venture capitalists or private equity or angel investors from across the country.
The strong response is due to the large number of presenting companies, which in turn is possible because of how the event is being staged this year, Szejko believes.Read more
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