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Three companies set to impact our world
FORT WORTH, Texas (May 15, 2013) – Three emerging companies with prospects of having a global impact were selected for the fifth TECH Fort Worth IMPACT Awards.
The winners, by category:
Community –Student Success Academy
Energy and Environment –Pulsar Energy
Health –Applied Regenerative Technologies
The TECH Fort Worth IMPACT Awards recognize new companies that will better our world by bringing to market new technologies and innovations that will have a significant impact on our health, community or environment. The IMPACT Awards also raises dollars to support business incubation programs for technology-based entrepreneurs.
“I am always amazed at the ingenuity and courage of entrepreneurs like those who apply for the IMPACT Awards,” said TECH Fort Worth Executive Director Darlene Ryan. “It is a special privilege to work with these company founders, helping them to hone their messages to the world.”
The IMPACT Awards luncheon keynote speaker was Jasper Welch, the new CEO and President of the National Business Incubation Association. He told a crowd of about 350 at the Brown-Lupton University Union Ballroom at Texas Christian University that “company creation equals job creation. And company creation means innovation creation.”
“Entrepreneurs can be (somewhat) crazy. But those crazy people come up with successful ideas … The success rate of incubation graduates three years later is 87 percent; startups created five million jobs a year from 1990-2008.”
The finalists were selected by three panels of judges from the 24 presenters during “Pitch Days” held March 26-April 4. Pitch Day hosts were Sabre Holdings, University of Texas at Arlington Research Institute and University of North Texas Health Science Center.
All nine finalists will have an opportunity to pitch June 20 to angel investors from Cowtown Angels, the North Texas Angel Network and other Texas investors. The TECH Fort Worth staff will coach the companies to help them perfect their investor pitches before that event.
“It is a great opportunity for technology startups to get in front of investors,” said TECH Fort Worth Assistant Director Jorge Varela. “It is the first step in possibly getting angel funding.”
In addition, the three category winners will receive a trophy and a professionally made video to help them market their company.
Student Success Academy
SSA is an elite, virtual success-consulting agency that pairs high school students with top-tier college students for guidance in college, career and life. High school students gain confidence in their future, recognize their passions, identify college and career options, hone important skills and develop a personalized plan focused on their aspirations.
The other finalists were Create Labs and Inception Lighting.
Energy & Environment category:
Pulsar Energy developed proprietary technology to harness the power of the sun with high efficiency and generate very low cost electricity and heat. Its systems provide a modular and scalable solution for any size distributed power generation. Pulsar Energy’s patented Concentrated Solar Power (CSP) technology can reach an estimated 4.5 cents/kWh without incentives, a cost typical of fossil fuel-based systems. Achieving this cost target will bring solar energy into worldwide mainstream use.
The other finalists were AutoEvolve and iLumi.
Applied Regenerative Technologies focuses on restoring nerve function after trauma, tumor resection or neurological disease. Its products are bio-engineered to control the regeneration of nerves and were developed by a coordinated effort between physicians and scientists to improve the clinical outcomes for hundreds of thousands of patients per year around the world.
The other finalists were eMist and MedHab.
Sponsors of the TECH Fort Worth Impact Awards include Emergo, Boeing, the Fort Worth Business Press, the City of Fort Worth, the University of North Texas Health Science Center, Sabre Holdings, Lockheed-Martin, Studios 121, Bank of Texas, Neeley School of Business at TCU, Texas Health Research & Education Institute, Venture Docs, HealthPoint Biotherapeutics, Whitley Penn, Charter Business and Whitaker Chalk Swindle & Schwartz.
TECH Fort Worth is a nonprofit technology incubator, with offices at the James E. Guinn Complex in Fort Worth South and at the UNT Health Science Center’s Center for BioHealth. For more information, call Darlene Ryan, Executive Director, at (817) 339 8968, email her at Darlene@techfortworth.org or go to www.techfortworth.org.