Press Releases
March 14,
2001 |
Council for
Entrepreneurial Development |
Final Round of Companies Selected for CED's Venture 2001
35 Companies Seek Funding
at Southeast's Premier Venture Capital Conference
"This year's companies reflect the breadth of solid technologies and the strong management teams found within the region's entrepreneurial sector," said Monica Doss, CED president. "For instance, we have ten life science and related technologies presenters, eight networking, seven software, five hardware, and five Internet companies."
The 17 Early Stage companies selected to present on the afternoon of April 17th include:
- ADMEtech, Inc.: Chapel Hill, NC, develops technology designed to speed up existing drug discovery timelines.
- Biomachines, Inc.: Morrisville, NC, converts electronics and semiconductor technology into human genome tools to supply companies focused on long-term drug discovery.
- Cii Associates, Inc.: Raleigh, NC, offers an e-Recruiter ASP model or HRMS software product designed to support both full-time and contract hiring processes.
- Cropsolution, Inc.: RTP, NC, seeks to discover high value active ingredients for the agricultural chemical market.
- FullSeven Technologies, Inc.: RTP, NC, designs, builds, and powers the infrastructure for enterprise-level enhanced email.
- Kyma Technologies, Inc.: Raleigh, NC, develops Aluminum Nitride and Gallium Nitride substrates for the Optoelectronic and Microelectronic industries.
- LiveWire Logic, Inc.: Raleigh, NC, delivers intelligent conversational agents that interact one-on-one with customers over the Internet.
- Micell Integrated Systems: Raleigh, NC, provides lithography, coating and cleaning processes via a suite of CO2 based intellectual property (IP) for several high-tech industries.
- Mi-Co: RTP, NC, enables the wireless capture, storage and communication of pen-on-paper data for users of PDA's, Handheld Computers and SmartPhones.
- MoonBuzz: Charlotte, NC, automates the process of selling and fulfilling pre-owned and collectible merchandise from traditional retailers through a network of popular e-retail shopping sites like eBay, Yahoo and Amazon.com.
- OpenMind Publishing Group: Cary, NC, enables instructors to use a collaborative publishing environment to create personalized, web-based learning tools.
- Overture Networks, Inc.: RTP, NC, develops a product class that enables service providers to offer multiple services over an optical packet network.
- Quantum Logic Devices: Raleigh, NC, provides a technology platform impacting the electronics, biotechnology, and healthcare markets.
- SharpVista Technologies, Inc.: Raleigh, NC, provides navigation for global e-business.
- Togabi Technologies, Inc.: Raleigh, NC, provides solutions for high quality MPEG-4 video streaming over wireless and broadband networks.
- Venetica: Charlotte, NC, provides infrastructure to access and exchange documents, images and other content managed in disparate repositories.
- Waveguide Solutions: Charlotte, NC, designs, develops and manufactures optical integrated circuits, components and modules for fiber optic telecommunications applications.
The 18 companies presenting at the conference's Main Session on April 18th include:
- Avesair: Cary, NC, brings carrier class technology and infrastructure to mobile networks enabling a full range of decision-based services to subscribers.
- Biolex: Pittsboro, NC develops a protein manufacturing technology based on the Lemna plant system.
- BlueBolt Networks, Inc.: Durham, NC, offers industry standard by which interior products are digitally represented via the Internet.
- Brightpod, Inc.: Cary, NC, offers a subscription-based service enabling enterprises to deliver Web-based and server-based content and applications to mobile devices.
- GadgetSpace: Cary, NC, enhances companies' abilities to extend Internet-based applications to wireless devices.
- Hatteras Networks, Inc.: RTP, NC, offers remote terminal access equipment.
- NetOctave, Inc.: Morrisville, NC, develops Internet security subsystems.
- Nitronex Corporation: Raleigh, NC, commercializes Gallium Nitride for bandwidth intensive wireless applications.
- Norak Biosciences, Inc: RTP, NC, utilizes its TransfluorTM technology to discover and develop drugs that regulate G protein-coupled receptors (GPCRs).
- PharmaLinkFHI, Inc.: RTP, NC, provides electronically managed clinical trials processes for pharmaceutical and biotechnology companies.
- Porivo Technologies, Inc.: Durham, NC, links together the spare computing resources of idle PCs across the Internet, powering applications that test and improve the performance, reliability and scalability of Web-based applications.
- SoDeog Technologies, Inc.: Charlotte, NC, provides wireless device2device information exchange solutions for mobile device manufacturers, and corporate and individual handheld device users.
- StemCo Biomedical, Inc.: Durham, NC, develops kits and procedures to enhance the effectiveness of current hematopoietic stem cell (HSC) or bone marrow transplants.
- TriVirix International, Inc.: Chapel Hill, NC, specializes in helping medical device companies develop, manufacture and support their electronic and electromechanical products.
- WindWire: Morrisville, NC, delivers targeted promotional marketing offers formatted for consumers' unique wireless devices.
- Xanthon Inc.: RTP, NC, commercializes a patented analytical platform that combines microcircuitry, molecular biology and bioinformatics enabling drug discovery researchers to enhance the therapeutics discovery timeline.
- Ziptronix, Inc.: RTP, NC, provides room temperature wafer bonding and three dimensional circuit processing technologies and services.
- Zoom Culture, Inc.: Chapel Hill, NC, produces and distributes member-originated digital video content designed for peer-to-peer sharing or viewing via broadcast, cable, satellite television, and the Internet.
Chaired by Sallie Shuping Russell, vice president of Duke Management Company, the Venture 2001 Selection Committee includes professional venture capitalists from throughout the southeast. In addition to company presentations, Dr. James Goodnight, CEO, chairman, co-founder, and president of SAS Institute, will deliver the Venture 2001 keynote remarks.
About Venture 2001: CED's upcoming 18th annual Research Triangle Venture 2001 Conference is scheduled for April 17-18 at The Friday Center in Chapel Hill, NC. Last year's conference, Venture 2000 drew a crowd of more than 1200 investors, service professionals, entrepreneurs and others involved in the entrepreneurial funding process from across the United States and Canada. Interested parties should visit the conference Web site at http://www.cednc.org/venture/2001.
About CED: The Council for Entrepreneurial Development, located at the CED Entrepreneurship Center in Research Triangle Park, NC, was formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs. CED sponsors annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED also offers the FastTrac entrepreneurial training program, youth programs and other outreach programs.
CED is a private, non-profit organization and is the largest entrepreneurial support organization in the nation with more than 4,000 members representing greater than 1200 entrepreneurial companies, financiers and professional firms. CED sponsors a wide range of other programs in support of regional start-up and fast growing companies.