2 Xelerator Companies pitch to international Venture Capital firms at Norwegian Techtour 2008

Two companies that Xelerator is working with were chosen as finalists in the Norwegian TechTour 2008. Both MobileAxept and RPR Technologies presented their business plans to a group of Norwegian and international investors and Venture Capital companies in Oslo and Stavanger.

The following is from the Tech Tour press release:

"The European Tech Tour will be coming to Norway in August 2008 to meet the most promising start-ups and early stage technology companies from Norway. Applicants will compete to become one of the 25 successful finalists invited to present their business expansion plans to representatives from the global venture capital world. Finalists will receive advice from these venture capital experts and enjoy numerous networking opportunities."

Finalists are assessed and identified by the committee based on six key points:

1. Uniqueness of the technology
2. Solid business model
3. Vision
4. Capability to execute the business plan
5. Targeting relevant markets
6. Quality of management team and track record

MobileAxept was presented by Helge Krøgenes, who is a founding partner at Xelerator and CEO at MobileAxept. RPR Technologies was presented by Rick Salmon, who is also a founding partner at Xelerator and CEO at RPR Technologies.

Links to news articles about the Norwegian Tech Tour:

• Finansavisen, May 18, 2008 (Norwegian) Page 1, Page 2
• EuroInvestor, Aug.28, 2008 (Norwegian) TechTour
• Argentum, Aug.27,2008 (Norwegian) TechTour winners