UC great launch pad for tech startups
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UC Santa Barbara New Venture Competition breeds winners
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Field narrowed to 6 in UCSB’s New Venture Competition
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New Venture Competition hands out prizes to UCSB startups
A technology to make mobile phone GPS more accurate, a new seafood distribution system and a novel way to brand beer growlers at craft breweries were among the top winners at UC Santa Barbara’s annual New Venture Competition on May 22.
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.
