The NBA's only crowdsourced startup tournament has reached its Sweet 16.
The Kings on Wednesday announced the finalists for the third annual Capitalize contest, which aims to help local entrepreneurs and innovators build their startup businesses. The field of 16 was winnowed from 75 applicants, and on Friday those remaining will pitch their products and companies to a panel of judges consisting of investors, tech executives and local innovators in a round-by-round elimination tournament – leaving four finalists to compete for the grand prize.
“We’re excited to once again drive competition and excitement among Sacramento’s innovator community,” Ryan Montoya, the Kings’ chief technology officer, said in an earlier release about the contest.