Goleta-based Inogen, a maker of portable oxygen concentrators founded by UC Santa Barbara students, has filed for an initial public offering to raise up to $86.2 million. While many successful companies have been spun out of UCSB by professors and doctoral students, Inogen would likely be the first company founded by an undergraduate team to go public. Inogen won the program’s very first business plan competition in 2001.
By Stephen Nellis / Friday, December 6th, 2013 / Technology / Comments Off on The gift of gadgets: The best of the region’s gizmos for the geeks on your list
This year, consider giving a consumer electronics gift from one of these 10 tri-county companies. While not all of the gizmos are made here, the design, engineering, marketing and most of the other important parts of the business are right in our backyard.
By Stephen Nellis / Friday, December 6th, 2013 / Small Business, Technology / Comments Off on Entrepreneurs guide high school students in business pitch contest
A six-week program that helped more than 450 middle and high school students in Ventura learn about entrepreneurship and craft business plans will culminate in a final pitch competition on Dec. 11.
Transphorm, the Goleta-based energy efficiency chipmaker spun out of UC Santa Barbara that has raised $110 million in venture capital, is partnering with Tokyo electronics giant and one-time rival Fujitsu Ltd. to create a new company in Japan.
By Stephen Nellis / Friday, December 6th, 2013 / Columns, Technology / Comments Off on Cal Poly startups tackle roommate relations and the textbook market
Cal Poly San Luis Obispo continues to pump out student startups at a steady rate, with a new expense-splitting app for roommates and textbook reselling service both gaining traction on launch.
UC Santa Barbara said Dec. 5 that the U.S. Army has renewed its contract with the university’s Institute for Collaborative Biotechnologies, providing an additional $48 million over three years to support biology-related research.
The new funds extend a decade of unclassified research in areas such as biotechnology tools, futuristic materials, energy generation and storage, systems and synthetic biology and neuroscience.
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.