Inogen files IPO to raise up to $86.2M
Inogen 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
Transphorm, 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.”
Panel: Data is key to crowd funding success
Crowd funding isn’t really about raising money. It’s about gathering data and contact information whose long-term value far outweighs the one-time cash that comes in. A group of crowd funding experts hammered that point home at an Oct. 20 event hosted by the Central Coast MIT Enterprise Forum at UC Santa Barbara. Crowd funding, in Read More →
NextMover, GearUp take top spots at Santa Barbara Startup Weekend
A company looking to shake up the moving industry took home $55,000 and the top spot at Santa Barbara’s third Startup Weekend, one of 200 such gatherings taking place across the globe Nov. 15-17.
The event challenges budding entrepreneurs and programers to launch a startup with just 54 hours separating the concept and final product. The events have been held in Santa Barbara, Santa Maria and San Luis Obispo. The execution, design and business model of the pitches were judged by Kevin O’Connor, co-founder and CEO of Summerland-based FindTheBest; Klaus Schauser, co-founder and chief strategist of AppFolio in Goleta; and Jon Funk of Ocean Road Partners, among others.
A website called NextMover took home first place for its interface that aims to provide users a cheaper alternative to moving companies. Marketing itself as “your friend with a truck,” the site connects movers with others who can get the job done and are looking to make a quick buck.
Elings named top philanthropist
A colon cancer diagnosis at age 67 prompted retired UC Santa Barbara Physics Professor Virgil Elings to underwrite the cost of free colonoscopies for residents of the South Coast who cannot afford them or don’t have insurance coverage. And that spontaneous gift to the community was honored Nov. 14 as Elings was named Philanthropist of Read More →
