Herndon, VA (PRWEB) March 28, 2011
TechStorm, the first national event focused exclusively on matching innovative university technologies with entrepreneurs and seed funding opportunities, today announced its inaugural conference will take place June 2, 2011 in Fairfax, Virginia. In addition, event co-host Amplifier Ventures will provide up to $250,000 in seed funding for pre-vetted, attending entrepreneurs to launch startups around university technologies showcased at the conference.
At the inaugural TechStorm, attending entrepreneurs, corporate in-licensing professionals and investors will gain access to innovative university technologies being exhibited by many of the nation’s most respected university technology transfer offices. TechStorm will feature pre-vetted entrepreneurs with an established track record starting successful businesses, a pre-event matching program and a first-of-its-kind seed funding program led by Amplifier Ventures to accelerate startup formation.
“The recently launched White House initiative ‘Startup America’ was created as a way to inspire and accelerate entrepreneurship,” said Gerard Eldering, producer of TechStorm and founder of InnovateTech Ventures. “TechStorm is a national event that answers this call to action in a unique and powerful way, matching proven entrepreneurs to innovative technologies and, most importantly, providing access to funding to get these companies off and running.”
The full-day event is produced by InnovateTech Ventures, and co-hosted by Amplifier, George Mason University, and The Academic Licensing Community of Virginia (ALCOVe). Universities and federal labs will exhibit a broad spectrum of technologies, including cybersecurity, life sciences, defense, and SaaS. Participating universities and entities already committed to participate include:
George Mason University
University of Maryland, College Park
University of Pennsylvania
U.S. Naval Research Laboratory
Old Dominion University
University of Pittsburgh
University of Virginia
Virginia Commonwealth University
University of Maryland, Baltimore
William and Mary
National Institute of Standards and Technology
National Institutes of Health
George Washington University
East Carolina University
Carnegie Mellon University
University of Louisville
Eastern Virginia Medical School
James Madison University
“The objective of this event is to accelerate the creation of innovative businesses that unlock the stored value of university and government-developed technologies,” stated Jonathan Aberman, Managing Director of Amplifier Ventures. “Amplifier’s established investment model is to help experienced entrepreneurs start new technology businesses; our participation in TechStorm is a logical extension of our model. We are very pleased to be working with InnovateTech, and our other partners, in TechStorm.”
Date: Thursday, June 2, 2011, 8:00 am - 4:00 pm
Location: The Mason Inn Conference Center & Hotel, 4352 Mason Pond Dr., Fairfax, VA 22030
Register: To register for this event, visit http://www.techstormevent.com/register.html
Universities and research labs interested in exhibiting, or organizations interested in sponsoring the event please contact Kathy Welt at info(at)techstormevent(dot)com or 703.880.6697.
- Technology exhibits featuring the hottest technologies currently under development at universities and
- Scheduled inventor presentations, grouped by sector
- Pre-event matching program designed to match exhibitor technologies with qualified entrepreneurs and
corporate executives. Individual matching meetings will be pre-scheduled and held in private meeting
areas on the day of the event
- Selected start-ups created as a result of connections formed at TECHSTORM will receive seed funding from a venture firm
InnovateTech focuses on delivering services that connect promising new University inventions and technologies with the entrepreneurs, investors and businesses interested in commercializing and creating startups around these technologies. InnovateTech leverages its extensive venture capital, seed investor, and entrepreneur relationships to unlock the potential of university technologies so that they can provide commercial value and benefit the public. InnovateTech was founded by Gerard Eldering, a technology transfer executive who spent more than a decade in the non-profit commercialization industry and launched three startups. Visit http://www.innovatetech.com for additional information.
About Amplifier Ventures
Amplifier Ventures is an early stage venture capital fund that has been operating since 2005. It has 11 current investments, including Bright Hub, Cardstar, Hook Mobile, Ozmosis, Small Act and Zenoss. Amplifier’s national footprint includes resources in Boulder, Colorado; Research Triangle, North Carolina; Silicon Valley and Washington, DC. Its investment model is generally to be the first institutional investor in the companies that it finances. Visit http://www.amplifierventures.com for additional information.