Category: Austin (Page 194 of 310)

Texas State Team Wins Another Top Business Plan Competition

The SioTex team, photo courtesy of SioTex

The SioTex team, photo courtesy of SioTex

SioTex, a startup spun out of Texas State University in San Marcos, has won another business plan competition.

This time the team won the $10,000 Grand Prize at the 2014 American Chemical Society Green Chemistry Institute business plan competition.

The team snagged the prize at the 18th Annual Green Chemistry & Engineering Conference in Bethesda, Maryland on June 18th.

“This business plan competition was dedicated to green chemistry and engineering and focused on sustainability-oriented entrepreneurship,” according to a news release. “The teams received scores on their business plans and presentations in addition to a score for social media.”

The SioTex team also recently won the Texas Halo Fund Investment Prize at the 14th annual Rice Business Plan Competition.
The startup makes a product called Eco-Sil from rice hulls, an alternative to fumed silica. The product can be used in paints, plastics, and tires, a market which SioTex reports is worth $1.5 billion in annual sales.

Haoran Chen, a graduate student in the Ph.D. program at Texas State developed the technology. He formed the team in December of 2013 with Marcus Goss, Ash Kotwal, Lisa Taylor and Cesar Rivera. George Steinke, an experienced entrepreneur, serves as the company’s CEO.

Printing the Human Body

By LESLIE ANNE JONES
Reporter with Silicon Hills News

Photos courtesy of UTEP News Service - Aurelio Hernandez

Photos courtesy of UTEP News Service – Aurelio Hernandez

“Our first product will be the nipple,” says Laura Bosworth. And the CEO and co-founder of TeVido BioDevices isn’t talking about a silicon attachment for a baby bottle, her startup aims to 3-D print human tissue.

It sounds like the stuff of science fiction, but making it a reality may not be far off: Bosworth estimated that if TeVido secured the necessary funding ($7-8 million), they could be ready for clinical trials in as little as two years.

Bosworth started TeVido with Dr. Thomas Boland who is one of the foremost researchers of live-cell tissue printing. Boland is the inventor of a patent for inkjet tissue printing. He first tried modifying an inkjet printer to print with human cells in 2000, when he was working at Clemson University. He is now based at the University of Texas at El Paso where he is the director of biomedical engineering.

Laura BosworthBosworth retired in 2008 after spending a decade each at Dell and IBM. An engineer by training, Bosworth worked in manufacturing engineering, corporate strategy, product development and marketing over the course of her career. Finding that the leisure life was not for her, Bosworth began working with startups in 2009 at the suggestion of one of her old mentors from Dell.

The dean of engineering at UTEP called on her to advise their commercialization office. Volunteering at the university is how Bosworth met Boland and learned about his work. She was immediately enthralled.

“This is so amazing, and has the potential to really change certain aspects of medicine,” she said. Bosworth volunteered to take on the CEO role and help bring bioprinting to market.

TeVido was founded in 2011. After going through a couple different ideas and investigating the market, they decided to focus on nipple-areola reconstruction. Structurally, nipples are fairly small and simple, comprised mainly of fat and skin cells. The trick with bioprinting anything thicker than .1mm layer of skin is that it needs a vascular structure to deliver oxygen to the tissue, otherwise it will die. Bosworth says their technology is unique in that it has the capability to deliver that capillary structure.

Serial entrepreneur Scott Collins, who has a PhD in biomedical engineering, is the  chief technology officer

Serial entrepreneur Scott Collins, who has a PhD in biomedical engineering, is the chief technology officer

In 2012, TeVido brought on serial entrepreneur Scott Collins who has a PhD in biomedical engineering to be chief technology officer. Boland remains based at UTEP, while Collins oversees the company’s ongoing research and development. From July forward, TeVido is targeted to move into the Texas Life Sciences Collaboration Center in Georgetown, though the relocation depends on securing funding. Collins says one of his goals is to someday bioprint a human heart. But it’s not only the relative simplicity of nipples that make them a good starting point, there’s a clear need for better solutions in post-cancer breast reconstruction.

“The plastic surgeons we’ve talked to see the need for this,” Collins said.

Presently, there are several imperfect options for approximating a nipple in reconstruction surgery. A common one is to create the protrusion by sewing skin together and tattooing it for color, but this solution very often does not last.

Bosworth recounted interviewing one woman who’d had 15 surgeries over seven years. “They don’t look great,” the woman told her, and as for the nipples, “flattened and faded.” There is a substantial amount of research about the trauma and distress of losing nipples to cancer. For many women, reconstructed nipples are an important part of the psychological healing process.

Presently, funding is a major challenge. TeVido has received less than $1 million to date, mostly through government grants, and Bosworth has heard a lot of “you’re too early” and “it’s too risky.” “People don’t want to fund you until you’re in human tests,” she said, but there is a lot of expensive work to be done before reaching that stage. In the best-case scenario, their product could be on the market in five years, but it may take much longer. TeVido applied for a $750,000 National Science Foundation grant in January. If they get it, they’ll have the opportunity to apply for further funding.

inkjet printer photo (UTEP News Service – Aurelio Hernandez)One of the reasons 3-D printing human tissues makes sense is that the source cells will come from the patient, and the printing process will be tailored to her precise dimensions. How TeVido’s printing will likely work is the plastic surgeon who is performing breast reconstruction will take a sample of skin and fat from the patient and send it to TeVido’s labs. The doctor will coordinate his surgery, scheduling with TeVido so that the nipple is printed and delivered at the right time. Since TeVido will be using the patient’s own cells, they are optimistic about the longevity of their product, especially in comparison to the nipple reconstructions that are on the market now.

Perhaps in a couple decades, printers like TeVido’s will be producing full, complex human organs and save some people from lingering on a lengthy list awaiting organ donors. Bioprinting solutions may one day supersede mechanical ones because bioprinted human tissues will grow with the patient, unlike synthetic solutions, which sometimes need to be replaced as the patient’s body grows and changes.

If TeVido is successful, it could clear the path for other 3-D printed, human-tissue products.

“Sometimes people say, ‘why did you pick something so hard?'” Bosworth says. “I tell them, ‘it picked me.'”

Editor’s Note: Laura Bosworth is one of the featured speakers at Voice & Exit on Saturday at Austin Music Hall. The company also recently won TechCrunch’s pitch off contest in Austin and it will present at TechCrunch Demo in the fall.

Voice & Exit Returns to the Austin Music Hall Saturday

Photo courtesy of Voice & Exit.

Photo courtesy of Voice & Exit.

Not only is Austin about tech, but it’s also about well-being.

In fact, a huge movement has arisen in the tech community around mindfulness, meditation, fitness and eating well.

Voice & Exit is a day-long event focused on innovation, wellbeing and community building. The conference takes place Saturday at the Austin Music Hall.

It features New York Times bestseller author Steven Kotler, who wrote “The Rise of Superman and John Durant, author of “The Paleo Manifesto.”

Seth Blaustein and Max Borders founded the conference last year and they decided to expand it to a full day event across two venues.

“Austin is an emerging wellbeing hub,” Borders said in a news release. “Austinites are health conscious, open minded, community driven, innovative and eager to expand the boundaries of human flourishing. Voice & Exit celebrates that.”

The conference features three parts: seeds or talks, sprouts or workshops and blooms or performances.
Tickets are available.

The Money Flows to Austin Startups

imgres-11To say that the Austin startup scene is red hot would be an understatement.
The funding announcements have been coming fast and furious lately and just about every day a company announces plans to open a new office or expand into the Austin market.
Here’s a roundup of some of the most recent funding announcements for startups in Austin, with the chart reprinted courtesy of the Austin Chamber of Commerce.
“The Chamber tracked a total of 17 investments/deals from May 24, 2014 to June 13, 2014 totaling $120,243,000.”

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Metacloud Opens Austin Office and Plans to Hire up to 30 New Employees

Default-Blog-Image-LRG-700x328Metacloud, an OpenStack-based web hosting company for large companies, hires two key Openstack executives from Rackspace and opens a new office in Austin.

The company plans to hire 20 to 30 employees during the next 24 months in engineering, operations, marketing and sales.
Metacloud announced the hiring of Scott Sanchez and Niki Acosta, “two of the most vocal OpenStack evangelists in the could computing industry.”

Last month, Metacloud raised $15 million from investors including AME Cloud Ventures, Canaan Partners, Pelion Venture Partners, Silicon Valley Bank, Storm Ventures and UMC Capital.

“We couldn’t be more excited to have such top-caliber OpenStack insiders join our team,” Metacloud co-founder and CEO Sean Lynch said in a news release. “Scott and Niki’s experience and passion driving the adoption of OpenStack will make them powerful assets at Metacloud, and will help accelerate demand for our product.”

Sanchez will serve as vice president of strategy at Metacloud. Acosta will serve as Metacloud’s new director of evangelism.

– See more at: http://www.metacloud.com/2014/06/18/metacloud-enlists-renowned-openstack-advocates/#sthash.4g2NPU6f.dpuf

Besomebody Gets $1 Million to Launch its Passion Platform in Austin

Besomebody team, photo courtesy of the company.

Besomebody team, photo courtesy of the company.

Besomebody wants to create the next economic revolution to allow people to pursue their passions.

“We’re building a mobile platform that connects people based on shared passions,” Kash Shaikh said in a Youtube video at a company event.

Besomebody will enable people around the world to explore, enable and unleash whatever they are passionate about whether it’s creating graffiti or music or rock climbing.

Besomebody will also provide a platform for experts or what it calls “Passionaries” to teach others who are passionate in their fields. The experts will be judged on a rating system. The startup makes money from a fee a charges to the passionaries for referring clients.

“We want to enable everybody to live a dream,” Shaikh said.

Last week, the Austin-based startup closed on a $1 million seed stage-funding round from The E.W. Scripps Co., based in Cincinnati. The company must meet key milestones to receive all of the money.

“Passion is the most overused, underserved word in human history,” Shaikh said in a news release. “Every single one of us knows the power of following our passion, but 99 percent of us don’t go all in on it. A lot of the reasons are internal, and our movement hits those head on. But the systems and structures around us don’t help. The world isn’t organized by passion, and we are changing that.”

Previously, Shaikh worked at Procter & Gamble and GoPro. He quit his job last year, cashed out his retirement savings and has been spending the last 16 months building his brand and platform.

“The community that #besomebody has built organically is remarkable,” Adam Symson, chief digital officer at Scripps, said in a news release. “They’ve built a powerful and authentic following through quality content, storytelling and audience engagement. While #besomebody is building community exclusively through today’s most interactive platforms, this has been the mission of Scripps for the past 135 years.”

Michael Dell Named the UN Foundation’s Global Advocate for Entrepreneurship

Photo courtesy of Dell

Photo courtesy of Dell

To focus the globe on entrepreneurship, what better way than to put someone in charge who has been there, done that.

Last week, the United Nations Foundation named Michael Dell as its Global Advocate for Entrepreneurship.

The UN made the announcement at its Global Accelerator, an event featuring top entrepreneurs, UN leaders and other global leaders.

In his new role, Dell “will advocate for innovation, technology and entrepreneurship to solve global problems in support of UN programs. He will work closely with the Foundation and its Global Entrepreneurs Council. The vision for this new role aligns with Dell’s efforts to engage with global entrepreneurs for positive social impact, and with UN programs which embrace innovation and entrepreneurship,” according to a news release.

“Michael Dell’s entrepreneurial spirit and dedication to using technology for positive social change show what people around the world can do to help the UN address global challenges,” Kathy Calvin, President and CEO of the UN Foundation, said in a news release. “Michael has been a risk taker and change maker from the day he built a global company from his college dorm room. Now his company Dell Inc. affects lives of people around the world. We know Michael will bring this same drive and passion to his new role for the UN Foundation. He will work to maximize the power of entrepreneurship by helping people support international development and global priorities for growth, prosperity and peace.”

The UN Foundation is focusing on entrepreneurship and innovation to reduce poverty and improve lives globally.

“At this time of economic uncertainty and global challenges, it’s more important than ever that the business community work closely with organizations, elected leaders and policymakers to help our global economy grow and prosper,” Dell said in a news release. “I’m honored to accept this position and look forward to championing the growth of entrepreneurs globally.”

Access the Night Launches in Austin

Andrew Tuffin and Sam Kessler, co-founders of Access the Night.

Andrew Tuffin and Sam Kessler, co-founders of Access the Night.

Last week, Access the Night, a new social discovery app for travelling which the founders call “Yelp with pictures,” launched in Austin. Andrew Tuffin, co-founder, answered the following questions, by email, about the new startup and its product, which they have been developing for the past two years.

Q. What is Access the Night?

Access The Night is a social discovery app for travel and entertainment. We provide a different approach to the local entertainment search problem, by showing you real time Instagram photos from nearby places of interest. Anything from whats going on right now at a bar, unique neighborhood food options, outdoor attractions, and concert venues, we show you those experiences first hand.

Q. How did you come up with the idea?

We conceptualized the idea 3 years ago as seniors in college. The idea stemmed from the age old question of “What’s going on right now”? At the time there wasn’t a central location to find information on what to do based on where you were. You would have to search multiple sources across the internet to find this information, and it was often outdated. We built a basic framework in 2011, that organized local happy hours and specials in Boulder, Colorado and Lawrence, Kansas. It was at this point that we realized if we were going to pursue our dream of starting ATN, scalability would have to be our primary goal. So, we built a platform that let bars and restaurants push deals to a front-end app. We tested this concept out and soon recognized a disconnect between mobile deals and the consumer. The consumer did not particularly want mobile deals, however they appreciated mobile deals if they were in relation to something that had already piqued consumer interest. To conquer this hurdle, we turned to the technologies of Instagram which had a plethora of photos, which we could cross reference with the user’s location. This move aligned us perfectly with the marketing connection we aim to facilitate.

Q. Who are your customers?

Our core customer profile includes music venues, bars and restaurants. We also have seen a lot of interest from local boutique shops, hotels, museums, and many outdoor amusement parks and exhibits.

Q. Who is on your team?

The original founders Sam Kessler and Andrew Tuffin have been on the project since it’s inception in 2011. I attended high school with Kessler in Dallas, and would of never dreamed at the time we would eventually start a company years later. Kessler ended up attending the University of Colorado at Boulder, and I studied at Kansas. We regrouped in Dallas to start the original Access The Night, launching in early 2012.

Q. Why are you guys the ones to do this startup?

imgres-10 We both share the same vision for Access The Night, but bring two different perspectives that provide the appropriate balance to growing this company. We are never hesitant to question in depth a decision or move, and keep each other accountable. While, we are more in-tune with the business operations side, we have accumulated a vast knowledge of the technical side as well. Experience is key and after almost three years, we know the space well, what the market wants, and ultimately how to get through the ups and downs that starting a company can bring.

Q. What challenges do you face bringing your startup into the marketplace?

We had a classic chicken and egg dilemma when we first launched. We needed a massive amount of content on the app side to spark user interest, and bars and restaurants needed the users to find value in using our product. We solved the initial challenge of generating content by transitioning to photos non reliant on client input. Today we face the challenge of breaking through limited user beliefs that our app is still a primary deals/happy hour app. Our goal is to raise awareness to the fact that ATN can be used worldwide, in many unique ways, day and night.

Q. How do your acquire customers?

We acquire customers through identifying major issues they have with their current marketing efforts, and finding a solution to address their needs. We work hand in hand with these businesses to help them achieve their goals and are providing them with cutting edge technology in doing so. We are experts in this industry and strive to prove ourselves by putting customer service above anything else.

Q. What is the business Model?

Our business model is selling monthly subscriptions to venues. Once a member, a venue can connect and promote directly over their respective photos already present on the Access The Night app. Our clients can advertise how they see fit, with no limit on the number of posts they make. Our backend merchant platform offers extensive information on consumer habits, and beneficial marketing insight relevant to their location. We currently negotiate contracts based on the number of users and engagement in their area.

Q. Are you bootstrapped or do you have angel or VC financing?

Our project is entirely bootstrapped up to the point. We have strategically allocated our resources to focus on innovation first and foremost in attempt to deliver a product that the market would be most receptive towards.

Q. What Austin resources have you found most helpful?

Austin’s startup community as a whole has been the most valuable and helpful resource. I frequently attend events, and networking meetups to stay connected. This gives me a better idea of the direction that early stage companies and entrepreneurs are taking, which opens up more opportunities to work together. Since moving to Austin, I have appreciated the collaborative work environment and mentorship from some very influential people in the tech industry.

Q. What has been your biggest win so far?

Our biggest win would be navigating through the challenges of a major pivot. At the beginning of 2013, we shifted from a primary deals app to a social discovery tool. We were completely out of commission, and did not have a product for almost 9 months, as we started again from scratch. When we re-launched last August, the feedback was extremely positive and the vision became clear as to what direction we would take.

Q. What is your long-term vision?

We continually strive to evolve and stay ahead of the curve by implementing features that set trends in innovation. Our team is focused on making ATN a more socially intuitive platform and social network with the ability to predict a user’s needs and wants. Simplicity and ease of use will remain vital components of the ultimate experience of using the app as we grow.

Techstars Austin Unveils its Second Class

logo@2xA Longhorn Startup company, Burpy, is among the latest crop of Techstars Austin companies selected to participate in its three month long accelerator.

Burpy, founded by a group of UT undergraduates and led by Aseem Ali, is an online grocery delivery business available in Austin, San Antonio, Houston and Dallas.

The other team from Austin is Experiment Engine, which runs split tests for companies by a panel of experts. The rest of the teams come from New York City, Brooklyn, Birmingham, Blacksburg, Phoenix, Marina del Rey, San Diego, Belfast and London. The 11 Techstars Austin teams are an electric group ranging from Brewbot, a beer brewing robot to Pivot Freight, a rate comparison engine for freight shipping. Techstars selected them from more than 1,500 applicants.

Smart Host, the team from New York, won the 2014 Startup Bus competition at Rackspace just before SXSW. The company created an app that aggregates and analyzes the short-term rental market from sites like HomeAway and AirBnB so a person renting out their place can price it correctly.

The program kicked off Monday and will run through Sept. 3rd when it will host its demo day, according to Jason Seats, the program’s managing director.

“Heading into the second program in Austin, we’re fortunate to have many of our 2013 Austin alumni on the ground as well as almost 100 incredible mentors,” Seats wrote in a blog post announcing the latest class on the Techstars website.

Each of the companies selected gets $18,000 in seed funding and are offered a $100,000 convertible note. They also get perks such as free website hosting and office space. When the program ends, many of the companies go on to raise money from angel investors and venture capitalists.

The Techstars Summer 2014 Austin class:

Brewbot – A beer brewing robot controlled and monitored by your smartphone.

Burpy – Delivering same-day groceries and home essentials from a variety of local stores.

Cloud66 – Deploy and manage Ruby apps on any cloud.

Common Form – Do your taxes in 5 minutes from your pc or mobile device.

Experiment Engine – A/B testing with a marketplace of conversion experts.

Fashion Metric – Using big data to enhance fit and sizing for apparel retailers and brands.

Free Textbooks – Equips student influencers with software to replace their bookstore.

LawnStarter – The easiest way to order and manage lawn care.

NMRKT – Powering eCommerce for blogs, online magazines, and content creators.

Pivot Freight – Rate comparison engine and discount broker for freight shipping.

Smart Host – Intelligently price your short-term and vacation rental.

Ingrid Vanderveldt Ends Reign as Dell’s First Entrepreneur in Residence

Ingrid Vanderveldt, EIR with Dell and Elizabeth Gore,  Resident Entrepreneur at the United Nations Foundation at DWEN in Austin last week. Photos by Laura Lorek

Ingrid Vanderveldt, EIR with Dell and Elizabeth Gore, Resident Entrepreneur at the United Nations Foundation at DWEN in Austin last week. Photos by Laura Lorek

Ingrid Vanderveldt’s last day as Dell’s Entrepreneur in Residence was Saturday.

“It was a dream come true,” Vanderveldt said. “We more than accomplished what we set out to do to. I’m just so proud of the team and of Dell. Dell has a visionary commitment to women worldwide. It’s just been an honor to be part of it.”

Vanderveldt joins Dell’s EIR advisory board. Dell plans to announce its new EIR in September, Vanderveldt said.

Last week Vanderveldt participated in the first Dell Women’s Entrepreneur Network to be held in Austin at the W Hotel and Austin City Limits. It was the fifth global event. Dell has held past events in Turkey, India, China and Brazil. About 200 female entrepreneurs, investors attended the invitation-only event. It’s a three day gathering of women who run companies with more than three million in annual revenue. At that event, Vanderveldt is known for her fabulous after-hours networking parties which feature scotch, music, dancing and hanging out with some of the world’s most powerful women.

IMG_3214Vanderveldt first connected with Dell at the first Dell Womens for Entrepreneurs Network program in Rio de Janeiro, Brazil and in September of 2011, she joined the company as its first EIR. At Dell, she helped to create the company’s Center for Entrepreneurship website, which provides access to technology, expertise and capital through programs like the Dell Innovators Credit Fund, Dell Financial Services and Dell Ventures.

Vanderveldt plans to invest in telecommunications and finance companies through her company, Ingrid Vanderveldt LLC and her initiative “Empowering a Billion Women by 2020.” She is also a member of the 2013 United Nation’s Global Entrepreneurship Council.

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