Funding Post announced the winners of its first annual "Pitching Across America" competition for young start-up companies. According to Funding Post, this was the "largest venture capital competition ever organized" and involved more than 140 VC investors and 400 different business plans.

Of the Top 50 companies, four were from New York: Base One International (grid computing), Healthwave (medical billing services), R&G Corporation (nanotechnology) and Reinsurex (reinsurance brokerage services). The "national winner" of the competition was New Jersey's Remote Play (RFID technology).