Velox pitched this morning in the semifinals of the primeUC competition at the California NanoSystems Institute (CNSI) on the campus of UCLA. Their pitch was followed by a round of questioning from a panel of experts from throughout the UC system and from Johnson & Johnson Innovations.
primeUC is part of UC President Janet Napolitano’s Initiative on Innovation and Entrepreneurship. Each primeUC event will award seed funding to the most promising start-ups emerging from the University of California. Though this is the inaugural event, organizers plan to hold 2-4 events per year, rotating between Life Sciences and Engineering. The primeUC event will bring together 20 startup finalists to network with seed investors, and will provide prize money for the winners.
This inaugural primeUC event, focusing on Life Sciences in collaboration with Johnson & Johnson Innovation, will conclude with an event held on December 2nd at UCSF where finalists will be invited to a day-long program to pitch their company and network with active seed investors and partners. The day will culminate in announcement of the winners of a $150K grand prize and three $50K runner-up prizes across the Pharmaceutical, Medical Devices, and Consumer Health sectors. Prizes are no-strings-attached awards sponsored by Johnson & Johnson Innovation. In addition, the four winners of the primeUC 2015 program will receive legal services worth as much as $40,000 from the UC Hastings Startup Legal Garage.
Stay tuned to see if Velox makes the finals after their strong performance this morning in the semifinals!
For more information on attending, visit the MDIF 2015 website.
Velox Biosystems has been invited to demo their technology for the top water agencies in the California-Nevada region at this year’s American Water Works Conference. Velox has been selected to be a part of the Metropolitan Water District’s Innovation Pavilion at the AWWA Conference. The conference will take place October 27-28 at the Tropicana Hotel in Las Vegas, NV.
For more information, see the AWWA Conference Website
Velox Biosystems will give an investment pitch along with other UCI-based startups as part of the festivities held for the Grand Opening of the Cove. The Cove is a 31,00 sq ft. state of the art facility located in University Research Park at UC Irvine. The Cove is aptly named with the goal of providing a “safe harbor” for startups. Under one roof, the Cove combines discovery disclosure, prototyping, funding, incubation, and acceleration for startups. Richard Sudek, the Executive Director of UCI Applied Innovation and the Cove the describes their effort as follows: “We are creating a microcosm of Orange County’s entrepreneurial ecosystem under one roof with incubators and accelerators, angel investors, and venture capitalists, mentors and legal experts–all the resources and expertise new businesses need to succeed.”
The grand opening will be held October 8th from 10am to 8pm at the Cove (5141 California Ave, Irvine, CA 92697). Velox will pitch at 7PM in the Venture Cove Pitch Room.
For more information about UCI Applied Innovation and the Cove, visit their website.
The neatly dressed crowd that gathered in the Port of Los Angeles board room to talk tech, renewable energy and the environment was a far cry from the burly, rugged males you’d expect working the docks in a Disney movie. These scientists and inventors were flexing brains.
More than 100 people gathered to watch the PortTech Pitch finals, a techie–meets-roustabout melding at which nine companies pitched ideas to resolve pressing issues in Los Angeles, Long Beach and other ports, everything from saving lives in the mounting battle against bacteria to improving military security to finally coming up with a superior solar shower.
Velox Biosystems, the grand prize winner, created technology that monitors and quickly tests bacteria in water. Treatment plants release contaminated water accidentally but generally don’t find out about it until the water makes it into reservoirs or the broader environment. Velox’s system is intended to alert treatment centers to such tainted water before it reaches the public.
Each company founder or CEO got eight minutes to argue his or her case, then eight minutes to field questions from a panel of judges assembled by nonprofit PortTech. The judges included investors, venture capitalists and environmental specialists from the local ports.
The SoCalBio conference showcases Southern California value-based bioscience innovations and explores efficient pathways to bring them to market. In addition to plenary sessions, business roundtables and therapeutic workshops, this conference will feature at least 40 company presentations showcasing the strength and future of the bioscience industry in Los Angeles/Orange County and neighboring communities. Velox Biosystems was selected to present at this years conference.
The conference will be held November 6th at the Maya Hotel in Long Beach, CA. For more information on the event and tickets, visit their website.