Transpo Tech Conference 2015

Technologies and transportation?  Here's how to know more:

$77,500 awarded to student---led startups

Three hundred judges, mentors and student entrepreneurs gathered at the Bell Harbor Conference Center Thursday evening to award a record number of prizes—14—and a record amount of seed funding—$75,000—to participants of the 18th annual UW Business Plan Competition.

The UW Business Plan Competition, run by the Buerk Center for Entrepreneurship at the Foster School of Business, offers innovative and entrepreneurial students an opportunity to turn their ideas into compelling and viable startups. In the past 18 years 1,278 student teams from 16 colleges and universities around Washington State have participated in the competition, and the Buerk Center has awarded over $1.3 million in prize money/seed funding to 140 winning teams—over half of which are still in business.

While this year’s winning teams represent many industries, a significant number are innovating in the area of life sciences. Empreva, for example, has developed a new method of birth control and STI prevention, and vHAB’s technology helps stroke patients rehabilitate their fine motor skills.

The winners will use their prize money to turn their student teams into early---stage startups—some may apply to the Buerk Center’s Jones + Foster Accelerator, which provides mentoring and Guidance through the decisive first six months of the startup process.

Congratulations to this year’s winners:

$25,000 Grand Prize sponsored by the Herbert B. Jones Foundation
Vie Diagnostics (University of Washington)

A significant portion of patients attending STD clinics fail to follow up for treatment, even when tests are positive and the risk for transmission and complication is highest. Vie Diagnostics’ disruptive molecular diagnostic technology will reduce the spread and pain of STD infections by allowing patients to be tested and treated in a single clinical visit. Its tests will provide better patient management, lower costs for clinics, and improve overall public health.

$10,000 Second Place Prize sponsored by WRF Capital
Empreva (University of Washington)
Empreva aims to empower and engage women across the world to take their health into their own hands by providing a safe, convenient and comfortable method for birth control and STI prevention. Empreva is developing birth control and combination birth control/anti---HIV products to benefit the health of women in high---HIV burden areas of the developing world who lack options for protection.  For every purchase of an Empreva birth control product in the U.S., Empreva will donate one combination product to a woman in need in the developing world to help achieve sexual health and empowerment for women everywhere.

$7,520.15 Finalist Prize sponsored by the Friends of the BPC
Hook (University of Washington)
Hook is a home automation hub that offers smart home capability to the price sensitive consumer. Customers are able to convert existing electronics in the home to smart compatible devices, keeping these products up---to---date for years to come. Consumers will enjoy convenience with control via their mobile devices, savings on energy costs, and improved home safety. With an affordable price and remarkable ease of use, Hook aims to make smart home technology accessible to the masses.

$5,000 Finalist Prize sponsored by Fenwick & West
vHAB (University of Washington)
vHAB is a virtual rehabilitation platform that helps patients regain fine motor skills to lead autonomous lives again. vHAB enables occupational therapists to customize patient treatment and accurately monitor progress through engaging and dynamic video games. System portability and precision metrics  pose a competitive advantage for rehabilitation facilities, allowing delivery of quality treatment to patients – anywhere, anytime. vHAB saves rehabilitation facilities time and money. Most importantly, vHAB empowers patients to reclaim their independence.

$5,000 AARP Prize Targeted for teams that best address the challenges faced by low---income seniors: affordable age---in---place housing; affordable healthy food; increased income; and the impact of isolation on physical, mental and emotional well---being.

Co Optical (Washington State University)
Co Optical specializes in lifestyle management technologies, with a flagship product that revolutionizes diabetes management by continuously and non---invasively monitoring blood glucose. This wearable device, structured as a pair of glasses, improves convenience and enhances the overall user experience allowing seamless integration of lifestyle management strategies into the everyday lives of people with diabetes.

$5,000 Wells Fargo Clean Tech Prize Recognizes a venture with products, services or processes that harness renewable materials and energy sources, dramatically reduce the use of natural
resources and cut or eliminate emissions and wastes.

NOVA Technologies (Western Washington University and University of Washington)
NOVA Technologies’ Smart Solar Window uses transparent nanotechnology to create clean, local electricity that can turn skyscrapers into giant solar arrays and reduce HVAC systems costs, an innovative link to a carbon neutral future.

$2500 Best Idea Prizes Best Technology Prize sponsored by UIEvolution
TriboTEX (Washington State University)
TriboTEX aims to extend the operational life---span of industrial machinery by improving efficiency where lubricated friction takes place. TriboTEX’s self---assembling nanostructured lubricious coating provides regenerative effects to frictional surface during normal operation.

Best Marketplace Prize sponsored by ebay
Enterprise Park A Lot (University of Washington)
Park A Lot is a platform connecting private businesses which have unused parking spaces with customers looking for parking. Lot owners sign up on a hop---on, hop---off platform and their lots become available to the public, generating them revenue. Customers use Park A Lot’s website or app to  purchase parking on a lot of their choice from their home or mobile device.

Best Service/Retail Prize sponsored by REI
SmartyPants (University of Washington)
SmartyPants reinvents toilet training and mitigates adult incontinence issues to prevent millions of diapers from ending up as a biohazard in landfills. It predicts impending bowel events and alerts users to get to a toilet. The company’s innovative, first---of---its---kind, technology creates value for the  consumers by saving on diaper purchases and the environment by reducing waste and biohazard from disposable diapers.

Best Consumer Product Prize sponsored by Accenture
Hook (University of Washington)
(See earlier description)

Best Sustainable Advantage Prize sponsored by Sensors In Motion
JikoPower (University of Washington)
JikoPower makes thermo---electric generators to turn ordinary cook stoves into personal charging stations for off---grid households that have small electronic devices in the developing world. JikoPower POWERS devices, but it EMPOWERS people.

Best Innovation Prize sponsored by Perkins Coie
Vie Diagnostics (University of Washington)
(See earlier description)

Best Health/Healthcare Prize sponsored by Cambia
Empreva (University of Washington)
(See earlier description)

Best Idea for the Future Prize sponsored by DLA Piper
miPS (University of Washington)
miPS is the first consumer stem cell generation and cell banking service. miPS allows consumers to store their adult cells to prevent cellular aging, generate stem cell lines for research, and use banked cells for future stem cell therapies.

For more information contact Ellen Pepin.

State of Tech Luncheon 2015

Every year, more than 800 of Washington's top leaders in business, tech, research and government gather for the State of Technology Luncheon.

(Click on Image for a Larger View)

Sweet 16 Round for '15 Business Plan Competition

37 student-led start-up teams from colleges and universities across Washington state - including one from UWT - gathered at the University of Washington last week to compete in the 2015 Business Plan Competition (BPC) Investment Round.

For four hours, the teams, initially selected from a pool of 103 entries, pitched their ideas and innovations to 250+ judges—entrepreneurs, attorneys, investors, and other professionals from Seattle’s entrepreneurial community— in the hopes of landing a spot in the next round of the competition. By the end of the afternoon the scores had been tallied and the sixteen top-scoring teams were announced. These teams will move on to the "Sweet Sixteen" round of the 2015 BPC—once step closer to winning the $25,000 Grand Prize. Meet the Sweet Sixteen below, and join the Buerk Center for Entrepreneurship for the Final Four round on May 21 (more information HERE).

The UW Business Plan Competition is presented by the Buerk Center for Entrepreneurship at the Foster School of Business.

Auctora University of Washington Auctora’s automated recruiting tool seamlessly screens, sorts, and schedules candidates so that corporate recruiters can utilize their time more effectively while sourcing job applicants. No dealing with paper resumes; no back-and-forth emails between recruiters and candidates – welcome to recruiting in the 21st century!

Authality University of Washington Authality’s first product, Klide, is the most secure and convenient smart lock, and the only smart lock that meets the demands of Airbnb hosts. Klide pairs a physical lock with a mobile app that allows hosts to distribute revocable “keys” to guests and control access remotely.

Benchmark Environ- mental University of Washington and Washington State University Benchmark Environmental is changing the way we treat storm water. By combining innovative design with new technologies, our treatment solutions are affordable, easy to install, and low maintenance. Benchmark Environmental’s products enable more companies and municipalities to treat storm water runoff effectively–a win-win for customers and the environment.

Bettery University of Washington Tacoma Bettery provides consumers with the most cost effective, convenient, and sustainable portable power solution on the market. Bettery taps a growing demand for sustainable solutions by offering batteries as a low cost subscription service.

Co Optical Washington State University Co Optical specializes in lifestyle management technologies, with a flagship product that revolutionizes diabetes management by continuous and non-invasive monitoring blood glucose. This wearable device, structured as a pair of glasses, improves convenience and enhances the overall user experience allowing seamless integration of lifestyle management strategies into the everyday lives of people with diabetes.

Empreva University of Washington Empreva aims to empower and engage women across the world to take their health into their own hands by providing a safe, convenient, and comfortable method for birth control and STI prevention.Empreva is developing birth control and combination birth control/anti-HIV products to benefit the health of women in high-HIV burden areas of the developing world who lack options for protection. For every purchase of an Empreva birth control product in the U.S., Empreva will donate one combination product to a woman in need in the developing world to help achieve sexual health and empowerment for women everywhere.

Go KEFI Washington State University Go KEFI is an experience-based travel website that helps you plan vacations based off desired experiences and budget. The team won first place at Spokane Start-up Weekend 2014, and has since sparked a movement for a new way to travel.

Hook University of Washington Hook is a home automation hub that offers smart home capability to the price sensitive consumer. Customers are able to convert existing electronics in the home to smart compatible devices, keeping these products up-to-date for years to come. Consumers will enjoy convenience with control via their mobile devices, savings on energy costs, and improved home safety. With an affordable price and remarkable ease of use, Hook aims to make smart home technology accessible to the masses.


JikoPower University of Washington JikoPower makes thermo-electric generators to turn ordinary cook stoves into personal charging stations for off-grid households that have small electronic devices in the developing world. JikoPower POWERS devices, but it EMPOWERS people.

NOVA Technologies Western Washington University and University of Washington NOVA Technologies’ Smart Solar Window uses transparent nanotechnology to create clean, local electricity that can turn skyscrapers into giant solar arrays and reduce HVAC systems costs, an innovative link to a carbon neutral future.

Park A Lot University of Washington Park A Lot is a platform connecting private businesses who have unused parking spaces with customers looking for parking. Lot owners sign up on a hop-on, hop-off platform and their lots become available to the public, generating them revenue. Customers use Park A Lot’s website or app to purchase parking on a lot of their choice from their home or mobile device.

RainCity Heart Lab Seattle University Seventy percent of patients who have suffered a heart attack for the first time were previously classified as low risk for cardiovascular disease based on the current testing methods. RainCity Heart Lab (RCHL) is a specialty diagnostic lab that offers a better diagnostic test called CALLIS. CALLIS (Calibrated Lipoprotein Ion Separation) is a blood test for accurately quantifying intact lipoproteins for improved Cardio Vascular Disease risk assessment.

SmartyPants University of Washington SmartyPants reinvents toilet training and mitigates adult incontinence issues to prevent millions of diapers from ending up as a biohazard in landfills. It predicts impending bowel events and alerts users to get to a toilet. The company’s innovative, first-of-its-kind, technology creates value for the consumers by saving on diaper purchases and the environment by reducing waste and biohazard from disposable diapers.

vHAB University of Washington vHAB is a virtual rehabilitation platform that helps patients regain fine motor skills to lead autonomous lives again. vHAB enables occupational therapists to customize patient treatment and accurately monitor progress through engaging and dynamic video games. System portability and precision metrics pose a competitive advantage for rehabilitation facilities, allowing delivery of quality treatment to patients – anywhere, anytime. vHAB saves rehabilitation facilities time and money. Most importantly, vHAB empowers patients to reclaim their independence.

Vie Diagnostics University of Washington A significant portion of patients attending STD clinics fail to follow up for treatment, even when tests are positive and the risk for transmission and complication is highest. Vie Diagnostics’ disruptive molecular diagnostic technology will reduce the spread and pain of STD infections by allowing patients to be tested and treated in a single clinical visit. Its tests will provide better patient management, lower costs for clinics, and improve overall public health.

Yowgii University of Washington Yowgii has the potential to disrupt the bottled water industry and the water filtration industry. The global bottled water industry is worth over $157 billion a year, but is heavily comprised of plastic bottles with significant environmental footprint and potential for contaminants. Yowgii combines environmentally-friendly water delivery with innovative water purification to deliver the best drinking water to consumer and promises pure water for a better you!

Contact for more info: Ellen Pepin Assistant Director, Buerk Center for Entrepreneurship Foster School of Business University of Washington  (206) 616-3691

Finalists for Entrepreneur Of The Year® 2015 in the Pacific Northwest

EY today announced the finalists for the EY Entrepreneur Of The Year 2015 in the Pacific Northwest.

The awards program recognizes entrepreneurs who demonstrate excellence and extraordinary success in such areas as innovation, financial performance and personal commitment to their businesses and communities.  These business leaders were selected by a panel of independent judges.

Award winners will be announced at a special gala on June 5, 2015 at Sheraton Seattle Hotel.  To find out more about the Pacific Northwest program please visit HERE.  #EOYPNW.

The finalists are:

Avalara, Inc. | Scott McFarlane, Co-Founder & CEO | Bainbridge Island, WA

Avvo | Mark Britton, Founder & CEO | Seattle, WA

barre3 | Sadie Lincoln, Founder & Owner | Portland, OR

Blink UX | Karen Clark Cole, CEO | Seattle, WA

Context Relevant | Stephen Purpura, Founder & CEO | Seattle, WA

Dave's Killer Bread | John Tucker, CEO | Milwaukie, OR

DiscoverOrg | Henry Schuck, CEO | Vancouver, WA

EagleView Technologies | Chris Barrow, President & CEO | Bothell, WA

ExtraHop Networks | Jesse Rothstein, Co-Founder & CEO; Raja Mukerji, Co-Founder & President | Seattle, WA

Hydro Flask | Scott Allan, President & CEO | Bend, OR

Life Flight Network | Michael Griffiths, CEO | Aurora, OR

Limeade | Henry Albrecht, CEO | Bellevue, WA

Picmonkey.com | Jonathan Sposato, CEO | Seattle, WA

PitchBook | John Gabbert, Founder & CEO | Seattle, WA

SET Creative | Sabina Teshler, Owner & CEO | Portland, OR

SmartRG | Jeff McInnis, President & CEO | Vancouver, WA

Smartsheet | Mark Mader, President & CEO | Bellevue, WA

Treehouse | Ryan Carson, Co-Founder & CEO | Portland, OR

Trupanion | Darryl Rawlings, CEO | Seattle, WA

TUNE | Lucas Brown, Co-Founder & Chief Product Officer; Lee Brown, Co-Founder & Chief Architect | Seattle, WA

ZoomCare | Dave Sanders, M.D., CEO | Hillsboro, OR

Now in its 29th year, the program has expanded to recognize business leaders in over 145 cities in 60 countries throughout the world.

Regional award winners are eligible for consideration for the EY Entrepreneur Of The Year national program.  Award winners in several national categories, as well as the EY Entrepreneur Of The Year Overall National Award winner, will be announced at the annual awards gala in Palm Springs, California on November 14, 2015.

The US Entrepreneur Of The Year Overall Award winner then moves on to compete for the World Entrepreneur Of The Year Award in Monaco, June 2016. Additionally, venture-backed companies that win an Entrepreneur Of The Year Award regionally are also eligible for the Venture Capital Award of Excellence at the national level. The awards are the culminating event of the EY Strategic Growth Forum®, the nation’s most prestigious gathering of high-growth, market-leading companies.

Sponsors
Founded and produced by EY, the Entrepreneur Of The Year Awards are sponsored nationally by the Ewing Marion Kauffman Foundation and SAP America.  In the Pacific Northwest, sponsors also include Merrill Datasite, Union Bank and Scherzer International.

About EY Entrepreneur Of The Year®
EY Entrepreneur Of The Year is the world’s most prestigious business award for entrepreneurs. The unique award makes a difference through the way it encourages entrepreneurial activity among those with potential and recognizes the contribution of people who inspire others with their vision, leadership and achievement. As the first and only truly global award of its kind, Entrepreneur Of The Year celebrates those who are building and leading successful, growing and dynamic businesses, recognizing them through regional, national and global awards programs in more than 145 cities in more than 60 countries.

IARPA Competition for Cybersecurity

The Intelligence Advanced Research Projects Activity (IARPA) is looking for a few good ideas.

The organization’s Office for Anticipating Surprise has initiated a competition for its Cyber-attack Automated Unconventional Sensor Environment (CAUSE) program, which aims at discovering ways to anticipate cyber attacks before they occur.

IARPA officials explain that industry has invested heavily in solutions that analyze the effects of cyber attacks rather than capabilities to analyze and mitigate their causes. As a result, today’s approaches typically focus on post-mortem analysis of the various attack vectors. However, as attacks have evolved and increased, these methods do not adequately enable cybersecurity practitioners to prevent attacks.

Tacoma Biotech's New Product

Tacoma biotech firm Revalesio is highlighted in The (Tacoma) News Tribune for its new products promising a revolutionary breakthrough in the treatment of several illnesses.

In addition to the potential for the firm, the potential for Tacoma is also explored in the article here.

2014 UW Innovation Open House

 

 

Save the Date

2014 UW Innovation Open House

Join us Friday, October 17, 2014 from 12-5pm

12:00pm–2:00pm

Investment pitches by companies actively raising capital, limited to accredited investors, (UW Campus, Safeco Classroom, 290 PACCAR Hall)

2:00pm—5:00pm

Poster presentations and networking, (UW Campus, Anthony’s Executive Forum, 302 Dempsey Hall)

Don’t miss this opportunity to:

·        Meet the founders & leaders of top UW spin-out companies

·        Hear pitches from seasoned CEOs

·        Plug into the pipeline of exciting new companies

·        Invest in promising new technologies developed in world-renowned labs by leading UW researchers

·        Network with innovators & aspiring entrepreneurs

Snacks & refreshments provided

Willing to chat with students about investing and entrepreneurship at the event (perhaps in a tabling session), please let us know.

Sponsored by UW C4C, Foster School of Business and Buerk Center for Entrepreneurship

$70,000 AWARDED TO STUDENT-LED STARTUPS

This is the best night of the year, said Craig Sherman, partner at Wilson Sonsini Goodrich & Rosati, as he took the stage at the 17th annual University of Washington (UW) Business Plan Competition (BPC) awards ceremony. His sentiment was no doubt seconded by a room of over 250 investors, entrepreneurs and mentors, all gathered to celebrate the innovative and inspiring student-led startups that competed in this year’s BPC.

Among those celebrating the teams’ achievements was keynote speaker Dan Price, CEO of Gravity Payments. Price, a BPC alum (he won the 2nd Place Prize in 2007) delivered an inspiring message, telling the teams that if they want to be successful, they should be true to themselves, continue learning and improving, and always be willing to roll up your sleeves, dive in, and get it done. Prices’ advice was taken to heart, especially by the winning teams, who will be using their seed funding to move their business a few steps closer to reality.

Congratulations to this year’s UW Business Plan Competition winners:

$25,000 Grand Prize: Projected Talent (UW) (Grand Prize sponsored by the Herbert B. Jones Foundation)
Projected Talent is an online marketplace that connects skilled undergrads to businesses on short, meaningful, paid projects.  This allows students to gain valuable, relevant work experience and businesses to find and audition the best talent while accomplishing important tasks.  By lowering the time, space and financial commitment, more companies than ever are now able to connect with students. Team: Samir Diwan, MBA, Foster School of Business; Bilal Aijazi, MS, UW Computer Science & Engineering; Julie Maas, MBA, Foster School of Business; Max Weissman, MBA, Foster School of Business; Jeff Shulman, nonstudent

$10,000 Second Place Prize (Second Place Prize sponsored by WRF Capital)
Flu Finder (UW) Current flu diagnostic tests are unable to achieve effective early diagnosis for most flu-infected individuals. Flu Finder has created a flu test that is accurate, inexpensive and can be administered by anyone, anywhere, with results in less than 20 minutes. Team:  Carly Holstein, PhD, UW Bioengineering; Gina Fridley, PhD, UW Bioengineering; Alyssa Hochman, MBA, Foster School of Business; Jonny Holz, MBA, Foster School of Business; Joel Loveday, MBA, Foster School of Business

$7,520.14 Finalist Prize ($7,520.14 Finalist Prize sponsored by the Friends of the BPC)
OlyKraut (BGI) OlyKraut combines local produce, the magic of fermentation and delicious original recipes to create sauerkraut that's more than a condiment--it's a health tonic, a kick in the tastebuds and an investment in the local food system.Team: Sash Sunday, MBA, Bainbridge Graduate Institute; Michelle Anderson, MBA, Bainbridge Graduate Institute; Domonique Juleon, MBA, Bainbridge Graduate Institute; Dorothy Mitchell, MBA, Bainbridge Graduate Institute

$5,000 Finalist Prize: Korvata (UW) ($5,000 Finalist Prize sponsored by Wilson Sonsini Goodrich & Rosati)
Korvata Inc. creates cutting edge alternative chemistry products that enable companies to mitigate their environmental impact. Korvata, a Delaware Corporation, received the top award at the 2014 UW Environmental Innovation Challenge (EIC). Its patent-pending technology enables customers in the food & beverage and CPG industries to significantly reduce their carbon footprints. 
Team: Chris Metcalfe, MBA, Foster School of Business; Soleil Kelley, MBA, Foster School of Business; Brendan Trickey, MBA, Foster School of Business; Devapratim Sarma, MBA, Foster School of Business; Taylor Brugh, MBA, Foster School of Business;

Best Idea Prizes

$2,500 Best Technology Idea (Best Technology Idea Prize sponsored by UIEvolution)

Aurora Plasmonics (University of Washington) Blood clots are a major problem during dialysis—an average of 400,000 de-clotting procedures take place each year in the U.S. Aurora Plasmonics has developed cost-effective, non-invasive therapeutic and diagnostic technologies for de-clotting procedures. These technologies offer reduced procedure times and costs, improved outcomes and increased patient comfort. Team: Michael Lombardo, Undergrad, UW Chemical Engineering; Thomas DeMaria, MBA, Foster School of Business; Jess Little, Undergrad, UW Chemical Engineering; Wayne Monsky, nonstudent; Rainie Nelson, Undergrad, UW Chemical Engineering

$2,500 Best Service/Retail Idea: (Best Service/Retail Prize sponsored by DLA Piper)
FastBar (UW Bothell) Everyone hates long bar lines, and payment processing at pop-up bars—temporary bars for special events that don't have built-in point of sale systems —can mean especially long wait times. FastBar provides a simple, high-speed payment solution for pop-up bars that uses RFID wrist bands. Team: David Goecke, Undergrad, UW Bothell Business; Chris Li, non student; Brenton Webster, non student

$2,500 Best Sustainable Advantage Idea (Best Sustainable Advantage Idea Prize sponsored by Sensors in Motion)
Mobile Foam (Washington State University) 1.6 billion people worldwide live in substandard housing. Humanitarian organizations are trying to address this by building more homes, but construction is often low-quality and lacks energy efficiency. Mobile Foam empowers humanitarian organizations to build higher quality homes with their building kit: floor-plans, consulting and the necessary chemicals and portable molds to produce polyurethane blocks on-site. Team: Chris Routen, Undergrad, WSU Mechanical Engineering; Dane Baird, Undergrad, WSU Mechanical Engineering; Austin Carter, Undergrad, WSU Marketing; Bettina Ernst, Undergrad, WSU Civil Engineering; Kelsi Lakey, Undergrad, WSU Computer Engineering

$2,500 Best Innovation Idea (Best Innovation Idea Prize sponsored by Perkins Coie)
Flu Finder (University of Washington) Current flu diagnostic tests are unable to achieve effective early diagnosis for most flu-infected individuals. Flu Finder has created a flu test that is accurate, inexpensive and can be administered by anyone, anywhere, with results in less than 20 minutes. Team: Carly Holstein, PhD, UW Bioengineering; Gina Fridley, PhD, UW Bioengineering; Alyssa Hochman, MBA, Foster School of Business; Jonny Holz, MBA, Foster School of Business; Joel Loveday, MBA, Foster School of Business

$2,500 Best Consumer Product Idea (Best Consumer Product Idea Prize sponsored by Accenture)
Trestle (University of Washington) Trestle converts your smart phone into a touchscreen interface for your Wi-Fi router. With Trestle, complicated configuration tasks are automated making your home network a breeze to set up and your Internet security and speed are continuously optimized. It's so easy that even your grandma can do it! Team: Kris Hunt, MBA, Foster School of Business; Matt Gryll, MBA, Foster School of Business; Aneesh Kulkarni, Grad, UW Computer Science & Engineering; Raj Makker, Grad, UW Computer Science & Engineering

$2,500 Best Cleantech Idea (Best Cleantech Idea Prize sponsored by Fenwick & West)
IonoMetal Technologies (University of Washington) Gold-plated surfaces used in computer chip testing wear down with repeated use and must be replaced. Each test board costs upwards of $40,000, and there is currently no available cost efficient repair option that satisfies industry standards. IonoMetal Technologies has developed technology that lowers the costs of manufacturing new gold-plated test boards by 10x. Team: Pritam Das, MBA, Foster School of Business; Trevor Braun, PhD, UW Chemical Engineering; Britton Stamper, Undergrad, UW Chemical Engineering; Alison Keeney, Undergrad, UW Chemical Engineering; Andrew Carlson, Undergrad, UW Chemical Engineering

$2,500 Best Marketplace Idea (Best Marketplace Idea Prize sponsored by eBay Enterprise)
Stash (University of Washington) Stash has created an affordable storage platform by connecting people who need storage to those who have extra space around their house or garage. Team: Katie Fraser, Undergrad, Foster School of Business; Aaron Goff, non student; Chris Goolsbee, non student; Robert Sanders, non student; Chad Robischo, non student

$5,000 AARP Prize for low-income senior service
FDCARES (University of Washington) Fire departments use up valuable time and money dispatching Emergency Medical Service in response to non-urgent 911 calls—up to 40% of fire department medical responses are for non-emergencies. FDCARES saves fire departments millions of dollars and improves their 911 response efficiency by integrating a Non-Emergency Medical Service division into their operations. Team: Adam Davis, UW Doctorate of Nursing Practice; Mitch Snyder, non student; Jim Webb, non student

CONTACT:
Ellen Pepin, Assistant Director, Buerk Center for Entrepreneurship, 206.616.3691

UPS Alum Makes First Bitcoin University Grant

A $10,000 gift made in bitcoins to liberal arts college University of Puget Sound last week could mark a “first” in the world of American higher education philanthropy.

Bitcoin entrepreneur Nicolas Cary ’07, who graduated with a Bachelor of Arts degree from Puget Sound’s Business Leadership Program, made the unrestricted gift on Tuesday by electronically transferring just over 14.5 bitcoins to the university for its 2013-14 Alumni Fund.

The 28-year-old CEO of Blockchain, which runs the world’s most popular “digital wallet” for bitcoins, said he made the gift in the currency that is now central to his life and career.

“I always wanted to give back to Puget Sound once I was in a position to do it. I was the grateful recipient of scholarships and loans, and now that I’m in a position to make a difference, I want to help others get on the road to success.”

 Cary says that although thousands of merchants and nonprofits now accept the digital currency, he believes this is the first gift ever made to an American college or university in bitcoins. A record kept by the Bitcoin wiki that lists nonprofits accepting Bitcoin donations supports this claim.

“We were delighted when we heard Nic wanted to make this generous and pioneering gift to Puget Sound,” said Sherry Mondou, vice president for finance and administration. “At the same time, we were a little uncertain how to proceed, as we had no gift policy on digital currencies and were unfamiliar with the process. But we greatly welcomed Nic’s thoughtful initiative and felt it would serve us well to learn to engage with the e-commerce world.”

The gift is being made as part of Puget Sound’s $125 million One [of a Kind] comprehensive campaign that is supporting student financial aid, academic programs and research, new facilities, current operations, and initiatives key to the success of students. Launched in 2007, the campaign has attracted more than $109 million in gifts to date from alumni, parents, campus members, and friends of the university.

Bitcoin, an open-source currency affiliated with no country or bank, has rapidly been embraced by popular culture and has attracted tens of thousands of followers in recent years. In the past year groups including online retailers Overstock.com and TigerDirect, games developer Zynga, and the Sacramento Kings basketball team announced they would accept bitcoins.

The digital currency, launched in 2009, is traded and managed through a peer-to-peer technology network that has no central owner. It is used for tens of thousands of transactions a day via mobile or desktop devices. The fees are a fraction of the cost of credit card transactions, and transfers take seconds. Individuals can buy or sell bitcoins using U.S. dollars or other currencies on private exchanges based around the world. Users store their bitcoins electronically in an encrypted digital wallet, such as the one offered by Blockchain, a company with more than one million users worldwide—up from about 110,000 just over a year ago.

“It’s like email for money. Anyone can understand the rules,” Cary says. “The world has 2.5 billion people who do not have bank accounts. Now someone in the North African desert has access to the same level of traditional finance tools as a Fortune 500 CEO.”

To receive the gift Puget Sound established an online, nonprofit account with e-commerce processor BitPay. Through BitPay the university processed a “bill” in U.S. dollars for the pledged donation. BitPay sent an email message to Cary containing an invoice based on the current bitcoin-to-US$ exchange rate. He had three options to transfer the bitcoins from his own online “wallet” to the university’s BitPay account: select “click-to-pay” to launch a Bitcoin “wallet” application; scan the invoice QR code using a mobile device; or copy and paste the Bitcoin payment address into his wallet, which he accesses through a website login.

Nicolas Cary makes the Bitcoin gift from his Berlin hotel

Cary, engaged in business in Berlin at the time, chose to scan the QR code. BitPay acknowledged the payment instantly, and after the bitcoin transaction was completed through the public ledger known as the block chain, the payment was reflected in Puget Sound’s BitPay account in U.S. dollars, ready for deposit into the university’s bank account.

Nicolas Cary, who now travels the world for business, was invited to become CEO of Blockchain just six years after graduating from Puget Sound. Cary says his business leadership classes and the professors’ mentoring created an atmosphere where students felt ready to challenge traditional ideas and become thought leaders in today’s evolving world.

“I applied to over a dozen colleges, but as soon as I set foot on the Puget Sound campus, I knew I wanted to go there,” Cary said. “I just knew it would be right. There was something about that [business leadership] class. Our cohort of students was exceptional. They were smart; they were motivated; they were fun.”

The Denver-born entrepreneur graduated from Puget Sound with a double major in business leadership and international political economy in 2007. After graduation he traveled, volunteered, met his first boss at a leadership conference, and moved to Pennsylvania, where he worked for software company PipelineDeals. Last year he joined Blockchain, which quickly grew from a two-man startup to a 14-employee firm that now runs the world’s most visited Bitcoin site.

Cary is enthusiastic about the prospects for digital currencies, which he sees as a natural progression in an increasingly digitized world.

“It shouldn’t surprise us that money is going digital,” he says. “Look at music and photography, and the power of peer-to-peer networks. It’s going to be tremendously exciting to see what happens in this space.”

About Blockchain: Blockchain.info is the No. 1 Bitcoin site, with more than 1.2 million users and 300 million page views a month. The company offers three services: a secure digital wallet that allows individuals to securely store and spend bitcoins; access to a public ledger tracking all the bitcoin transactions worldwide; and a popular information site, including news, prices, statistics, and links to Bitcoin services. Blockchain’s employees are based in the United States, United Kingdom, and Japan, allowing 24-hour servicing of clientele.

Puget Sound Cyber Security Summit

The PNWER offers Cyber Security Summit.

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NWEA Becomes Element 8

At its annual Cleantech Leadership Forum, Northwest Energy Angels officially became Element 8.

Its new name, image and messaging were chosen to better communicate to investors and entrepreneurs not just what they do, but why they do it -- to create a healthier and more sustainable planet.

Accompanying the new name is a completely re-designed website www.element8angels.com in which Element 8 tries to speak very directly to everyone whose expertise we can leverage, and with whom they can partner, to achieve the mission.

Northwest Energy Angels was founded in 2006, as the very first angel funding group exclusively focused on clean technology and sustainability.  Since that time, its investors and portfolio have grown until it became clear that the name, and its generic acronym NWEA, no longer reflected their full scope. 

Our 43 portfolio companies represent a wide range of products, services, and market sectors and are located all across North America.  Element 8 sees abundant opportunities to create a prosperous and brighter future. They were motivated to craft a name and brand that does not unintentionally limit the perception of its scope. And better yet, the Element 8 name conveys the future they intend to help create, and its aspirations for a sustainable and healthy planet. 

Element 8, the atomic expression for Oxygen, is a wonderful metaphor.  It evokes the aspirations of our work-clean air, clean water, an abundant element essential for life and health. And Oxygen is a change agent, as is the organization, sparking the fuel of monetary investments, as well as guiding and mentoring early-stage companies.

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WA Names Tech Sector Leads

Department of Commerce Director Brian Bonlender recently named Maura Little  and Will Saunders  to the sector lead team in the Office of Economic Development and Competitiveness.  All told, the three target industries they will focus on represent more than $35 billion in payroll for residents of Washington State: Information and Communication Technology and Life Sciences.

“Our sector-based economic development strategy is a reflection of the fact that we face intense international and interstate competition for good jobs. We have to be constantly vigilant about identifying opportunities and strategies for cultivating employers in Washington,” said Bonlender.  “We can’t rely on luck for the next Boeing, Microsoft or Amazon to develop here.”

Little joined the Department of Commerce as the Life Sciences and Global Health sector lead. She has deep background in the life sciences field, including liaison work for then-Congressman Jay Inslee with industry leaders and helping to draft and pass related legislation. After that, Little was Washington State Director of Government Relations for the American Cancer Society Cancer Action Network working on healthcare and other life-science issues at a state level.

Saunders brings more than a decade of experience in the information and communications technology field to his position of sector lead for the industry.  Most recently, Saunders has been the director of the Washington State Broadband Office since 2010 and has worked with app developers, educators, public and private providers and economic development agencies across the state.
Sector-based economic development heads the list of Commerce’s five core strategies for job creation, Bonlender said.

Little and Saunders join Kristine Reeves (Military and Defense), Alex Pietsch (Aerospace) and Steve Sewell (Maritime) to represent the State of Washington in their respective industry sectors.  They are tasked with identifying and pursuing new economic development strategies that keep Washington State in the forefront of these key industries, and advance the Governor’s goal of targeted company recruitment, retention and expansion.
 
The Office of Economic Development and Competitiveness supports the Governor’s Working Washington Jobs Agenda, which recognizes that these sectors are critical to our future prosperity --  if these industries are doing well, our economy will be doing well.

SST 2013

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Tacoma's Topia Launches Skoot Cloud App

Topia Technology, developer of secure, cloud-based file syncing and sharing solutions for individuals and businesses, announced the Skoot cloud application.

Topia’s New Skoot Cloud App Provides Unmatched, Secure File Access and and Sharing Across Devices, Storage Locations and Cloud Services.

With Skoot, you are able to browse all your files, devices and cloud services at once; access, share and move content across PC, Android, Dropbox, Google Docs and more.


Skoot is a new, simple and secure way for users to quickly browse, access and share files saved across devices and services, such as PC, Android, Dropbox and Google Docs, with support for iPhone and iPad coming in the next couple weeks. With Skoot, subscribers securely cloud-enable everything they have, so they can log in once and view all their content. Users grab what they need, share files with others and even remotely move documents between devices. Unlike other cloud, file sharing or remote access services that work in a silo or require that all content be uploaded to the cloud, Skoot makes all your files accessible no matter where they sit.

Traveling with just your laptop or iPad and need a doc off your work desktop? Or forget to put something into Dropbox? Open Skoot to grab it and browse securely through your other stuff while you’re there. Try Skoot for free for 30 days.

“Cloud services have dramatically improved the way users store and access content in their home and business lives,” said Janine Terrano, CEO of Topia Technology. “Yet for individuals with more than one device, location or service, we saw an untapped opportunity to put the user in the center of their own personal cloud for the utmost convenience, privacy and security. Logging in just once on the device at hand, users have all their content – stored across computers, cloud services, mobile devices and more – right at their fingertips.”

Skoot is designed for users that want to easily access all their content, regardless of where it’s saved. It creates a personal, secure cloud encompassing all a user’s computers, files, devices – even other cloud services. Can’t remember where you put something? Skoot makes everything easy to get to; log in from any device and search content by location (i.e., device), file type or file name.

Users can now make thoughtful decisions about what goes in the cloud, stays on the device or is protected in Skoot’s Vault. This is the first time individuals get to put files where they want them without limiting access, and files no longer have to be uploaded to the cloud to be accessed remotely.

Skoot is:

All your Stuff – Browse and securely grab your content regardless of where you are, where it’s stored and what device you have. Access your files across PC, web, tablet, smartphone, etc. and between devices. Continue to use all the free storage your favorite cloud and file-sharing services (Dropbox, Google Docs, etc.) provide. Skoot is your personal content browser.

How you Want it – You are the center of your own personal cloud. Put files where you want them (device, cloud, Vault) and fill your cloud with as much or as little as you want. Easily share your content any time. Browse or search all your stuff on every device at once, without multiple services and log-ins.

Wherever and Whenever – Don’t worry about where you put content, you can still get it using whichever device is at hand – PC, Android tablet, iPhone, etc. No longer pre-plan (or forget) to have the right file, at the right time on the right device.

Protected and Private – Secure your content with end-to-end encryption and protect your file-sharing services for the first time. Use the Skoot Vault to secure and encrypt all your sensitive files.

Skoot enables users to treat sensitive documents, such as business files or financial documents, with care, so they are not exposed in the cloud. Most cloud services store data on their servers “in the clear” with little or no protection. Skoot’s end-to-end encryption provides users with a secure alternative. Skoot never moves a user’s file until requested, and when a file is moved it is heavily encrypted. For even further protection, subscribers can use Skoot’s Vault. Based on the same principle behind a safe or safe deposit box, users place electronic documents in a Vault that is accessible from anywhere, but only they hold the key.

“Today’s cloud providers offer great value and convenience to users, they just don’t work well with each other,” added Terrano. “We’re excited to show prosumers how easy it is to use all their favorites – together and securely – for the first time. No longer feel burdened to choose, consolidate or manage them separately.”

Skoot starts at $4.95 a month and includes 2GB of Vault space.

Skoot for Business: Highly Secure and Flexible

Skoot helps businesses support secure employee access to multiple cloud file syncing and sharing and data storage services (Dropbox, Google Docs, internal SMB stores, etc.). It offers employees an improved way to grab and share content while ensuring enterprise-grade security, enforcing policies and connecting and consolidating different cloud data stores. Skoot adds unparalleled data encryption to existing solutions during the file transfer process, so businesses can protect the cloud file syncing and sharing services employees use. And the Skoot Vault gives employees a simple means to protect sensitive files.

“Skoot makes bring your own device – BYOD – a great productivity opportunity for businesses of all sizes,” added Terrano. “It not only helps IT teams improve remote access via a broad mix of devices, but across the range of cloud services employees connect to them. Staff also have insight into where employees are storing files.”

Deployed by SMB and enterprise organizations as a cloud service or platform, Skoot enables employees to browse and grab files regardless of where they are, where it’s stored and what device they have at hand, increasing productivity, collaboration, efficiency and unmatched security over the wire and at rest. To learn more about the unique benefits of Skoot for Business, visit www.skootit.com

About Topia Technology

Topia Technology develops secure, cloud-based file syncing and sharing solutions for individuals and businesses. The company’s applications create “personal clouds” to make files accessible on a user’s every device – computer, laptop, tablet, smartphone – regardless of where they are stored. Need to find, search or share all your stuff whenever you want? Get Skoot atwww.skootit.com