Inogen files IPO to raise up to $86.2M
Latest news, TechnologyInogen was founded in 2001 by three UCSB students, one of whom had a grandmother who had recently been placed on oxygen therapy. The therapy required heavy, bulky oxygen tanks that could not be taken on airplanes and other places.
After winning the New Venture Competition business plan contest at UCSB, the team went on to develop a device that used electricity to concentrate oxygen from the air. The concentrators were lighter and less bulky, weighting between 4.8 and 7 pounds.
Transphorm, Fujitsu join forces on GaN
Latest news, TechnologyTransphorm, Fujitsu and Fujitsu Semiconductor said they had reached an agreement to merge their gallium-nitride, or GaN, power supply lines of business. The deal is expected to result in Fujitsu and its semiconductor subsidiary both taking minority stakes in Transphorm in exchange for creating a new entity in Japan that will be capable of high-volume production. The companies said the move will “dramatically improve the market competitiveness of Transphorm’s GaN power device business.”
Entrepreneurship Q&A: Growing your small business in the new economy
Personal Finance, Small Business, Tri-County EconomyAs part of an occasional series checking in with small-business experts in the region, the Business Times asked Ray Bowman, the director of the Small Business Development Center at the Economic Development Collaborative — Ventura County, to take part in a written Q&A about entrepreneurial finance.
Direct Relief to send record-breaking shipment to Philippines
NonprofitsIn response to the natural disaster in the Philippines, Direct Relief International is preparing to conduct the largest-ever emergency airlift in the 65-year history of the Goleta-based nonprofit.
Direct Relief said that on Saturday, Nov. 23, it will deliver 50 tons of essential medications and emergency supplies to people affected by Typhoon Haiyan.
The air shipment includes enough medicines to treat 250,000 people and will be delivered on a wide-bodied cargo aircraft flight arranged and donated by FedEx, Direct Relief said. All of the aid items were requested by health officials and nongovernmental groups in the Philippines, it said.
