RPR Technologies has been an Xelerator client for the past 3 years. In 2006 Rick Salmon took over as CEO for RPR in order to help the founders get their patented prototype on the market. The first thing Xelerator did was to assemble a professional Board of Directors and to raise the initial seed financing needed to launch the company. By the end of 2006 the first products were shipped and in 2007 the company passed breakeven. Today RPR employs 6 people, has established sales channels in N.America and W.Europe and has been publically recognized as an exciting and growing young Norwegian business. As part of a strategy to position the company with potential investors, RPR entered a series of venture competitons in August 2008. After winning both “Best Presentation” and “Best Elevator Pitch” awards in the qualifying rounds, RPR qualified for the finals of the EURECAN EUROPEAN VENTURE CONTEST and went on to win the award in the Cleantech category. Note that this is a strategy that Xelerator would recommend for all startup companies. If you are interested in learning more about how to succeed with this type of tactic, contact Xelerator today.
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