University Startup Directory

2011

About this ReportThis report was prepared by InnovateTech Ventures, LLC (InnvoateTech), with headquarters in Herndon, Virginia. For more information see our corporate website, www.innovatetech.com, and our university startup blog, www.utechwatch.com.

The information contained in this report is for general information purposes only. The information is provided by InnovateTech Ventures, LLC and while we endeavor to provide correct information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability or availability with respect to the report or the information, products or services for any purpose. Any reliance you place on such information is therefore strictly at your own risk. The information does not purport to be a description of any investment opportunity. Before making any decision or taking any action, investors should consult a competent professional adviser.

In no event will we be liable for any loss or damage including without limitation, indirect or consequential loss or damage, or any loss or damage whatsoever arising from loss of profits arising out of, or in connection with, the use of this report.

Copyright InnovateTech Ventures, LLC, All Rights Reserved

University TechWatch1 University TechWatch2 Startup Report and Directory

Startup Report and Directory 2

Table of Contents:Section 1 – Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4

Section 2 – Methodology . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6

Section 3 – Sector Overviews

3.1 – Biotech Sector Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8

3.2 – Medical Device Sector Overview. . . . . . . . . . . . . . . . . . . . . . . . 9

3.3 – Information Technology Sector Overview. . . . . . . . . . . . . . . .10

3.4 – Electronics Sector Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . 11

3.5 – Green Sector Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12

3.6 – Materials Sector Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13

3.7 – Consumer Sector Overview . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14

Section 4 – Watch List . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15

Section 5 – University Startup Competition Results

5.1 – Introduction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16

5.2 – Competition Finalists’ Executive Summaries . . . . . . . . . . . . . 17

Section 6 – University Startup Directory . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29

Section 7 – Indexes

7.1 – Startups by Industry Sector. . . . . . . . . . . . . . . . . . . . . . . . . . . 220

7.2 – Startups by University Affiliation. . . . . . . . . . . . . . . . . . . . . . 234

7.3 – Startups by Growth Stage. . . . . . . . . . . . . . . . . . . . . . . . . . . . 250

University TechWatch Startup Report and Directory 3

Startup Report and Directory 8

3.2MedicalDevice SectorOverviewThe Medical Device Sector includes companies with a focus on medical devices, drug delivery, imaging and radiology. The directory includes 104 medical device companies representing about 10% of the total companies.

VCFundedStartupsinSector:

Seventh Sense

Sierra Neuropharma

Semprus Biosciences

CardioInsight Technologies

Cohera Medical Adhesives

iWalk

Medshape Solutions

Cardiorobotics

Ohmx

PathfinderTherapeutics

ViewRay

Omni Guide

Alung Technologies

CardioMEMS

Glaukos Corporation

SelectedEarlyStageStartupsinSector:

Acoustic Medical Technology

Axonia Medical

BioTricity Medical

Cereve

Clinical Sensors

Gamma Spine

Insituvue

MedSense Technologies

NextRay

REBIScan

SonoSynergy Solutions

St. Teresa Medical

Starr Frame

Telecardia

TissueFusion

Veritract

The universities generating the greatest num-ber of startups in this sector included in the directory are:

• UniversityofColorado

• UniversityofFlorida

• UniversityofPittsburgh

• UniversityofColorado

MedicalDeviceCompaniesbyGrowthStage

University TechWatch Startup Report and Directory 9

Cambrios TechnologiesIndustry Sector:MaterialsGrowthStage:VC BackedSummary:Cambrios is developing electronic materials for the dis-play industry using the company’s nanostructured ma-terials. The company says its first product, a directly patternable, wet-processable transparent conductivefilm, can replace the industry standard sputtered in-dium tin oxide (ITO). LicensedFrom:University of Texas Austin, University of California San-ta Barbara, MITYearFounded:2002Website:www.cambrios.comCEO:Michael KnappFunding:Company has received more than $29.5 million in ven-ture fundingCity,State:Sunnyvale, CA

Cancer Prevention PharmaceuticalsIndustry Sector:BiotechGrowthStage:GrowthSummary:CancerPreventionPharmaceuticalsisdevelopingsolu-tions for people with elevated risk for cancer leverag-ing expertise in key pathways implicated in cancer risk including polyamine synthesis and inflammation. The company has been initially focused on colon cancer, but is also pursuing therapeutic prevention approaches for prostate cancer, breast cancer, and skin cancers.LicensedFrom:University of California IrvineYearFounded:2008Website:www.canprevent.comCEO:Jeffrey JacobFunding:Company has received $245,000 in federal grantsCity,State:Tucson, AZ

CantimerIndustry Sector:ElectronicsGrowthStage:GrowthSummary:Cantimer is developing a sensor technology platform

thatisbaseduponauniqueconvergenceofmicro-electrome-chanical systems (MEMS) and advanced polymer chemistry. The company’s technology is intended to enable the develop-ment of miniaturized detection and measurement systems. LicensedFrom:Arizona StateYearFounded:2006Website:www.cantimer.com/CEO:Robin StraceyFunding:$1 million investment from Advanced InstrumentsCity,State:MenloPark,CA

CantonBiotechnologiesIndustry Sector:BiotechGrowthStage:Early GrowthSummary:The company is apparently working in pharmaceutical prepa-ration market, specifically improving wound healing using CA5 HIF plasmid transfection with electroporation.LicensedFrom:Johns Hopkins UniversityYearFounded:2009CEO:John HarmonFunding:Company received more than $175,000 in SBIR fundingCity,State:Baltimore, MD

CapireMicropowerIndustry Sector:GreenGrowthStage:Early GrowthSummary:CapireMicropower is developing an engine-on-a-chip powersupply that has its own fuel supply that runs on either ethanol or biodiesel. LicensedFrom:MIT, DukeYearFounded:2010Website:www.capire.comCEO:Jason MasseyFunding:Company has received undisclosed seed funding City,State:Durham, NC

CardioInsight TechnologiesIndustry Sector:Med Device

University TechWatch64 Startup Report and Directory