Innovative cities and regions are invited to apply to hold 'pitching sessions' as part of the 2006 European Venture Contest. The contest is aimed at innovative technology ventures that have the potential to reshape their industry and market. Following a selection process in which entrepreneurs will defend their venture to investors in a pitching session, the venture contest winners will be selected and rewarded. All participants will have the opportunity to network with global financial and industrial players. Hosting a pitching session will be an opportunity to place a region in the spotlight in front of more than 1500 entrepreneurs, investors, advisors and government representatives. The European Venture Foundation, a non-profit group born out of the European Commission's Gate2Growth Initiative, coordinates the contest is by.