April 8 2014

NEW ORLEANS BIO NOTES

Upcoming Events:

TODAY:

The Ten Mistakes Entrepreneurs Make and How to Avoid Them with Don Lazzari of Delivering Value LLC

12:00 - 1:00 pm

April 8

Did You Know:

Graffagnini + Associates LLC has released the 2014 Louisiana Venture and Angel Capital Report, which shows significant recent growth in capital investments in Louisiana companies. The number of capital deals filed by biotech and life science startups in Louisiana has grown from 9% of state-wide deals in 2011 to 32% of deals in 2013. Since 2011, NOBIC clients and tenants have raised over $15.2 million in private capital.

Pitch Opportunities:

Baker Donelson invites you to apply to the 2nd annual Southeastern Regional Capital Connections Conference on May 15. This invitation-only event brings together successful regional entrepreneurs and investors. 15 startups will pitch investors after being selected based on their executive summaries. Applications are available online, and the deadline to apply is April 22.

1 Million Cups has launched in New Orleans! Created by the Kauffman Foundation, this program facilitates collaboration between entrepreneurs in communities across the country. At 9 am each Wednesday morning at Launch Pad, 1-2 local startups will present to a group of peers for discussion, networking, and advice. Find out more and apply to present a pitch here.

The Southland Startup Pitch Competition is coming up on June 10. Taking place during the 2014 Southland Conference, which highlights southern technology and entrepreneurs, this competition has up to $100,000 in prizes for the top pitch. Apply here by April 15.

PortaVision Medical Wins the 2014 JEDCO Challenge

PortaVision Medical (formerly 5 Star Medical) won first prize in the JEDCO Challenge in March. The company has developed a new medical imaging device designed specifically for use in neonatal intensive care units to improve outcomes for preterm babies. It saves imaging time, reduces infant radiation exposure, and helps physicians make faster treatment decisions. The cash and in-kind services prize package offered by JEDCO is worth nearly $80,000. Other startups selected as finalists to pitch in the event were MobileQubes, Advano, GetHealthy, and The Collector. Since 2010, BioInnovation Center clients have won more than 20 local and national business plan and startup competitions, earning prizes worth nearly $400,000. These competitions offer startups the chance to hone business planning and pitch skills, receive one-on-one mentorship, and win non-dilutive capital and in-kind professional support from regional service providers.

Tympanogen and InVision Earn Finalist Spots in Tulane Competition and Two National Competitions

Two medical device startups founded by local biomedical engineering students have been named finalists in the Tulane Business Model Competition. Each startup has already won $3,000, and they will pitch alongside an education startup on April 11 for prizes totaling $35,000. Tympanogen (at left) is developing a non-surgical gel repair patch for chronic eardrum perforations, and the company is also one of 42 international teams that will compete in the Rice Business Plan Competition this week. InVision Biomedical has developed an improved device for use in tracheostomies, and that team has earned a spot in the finals of the Johns Hopkins Business Plan Competition, which takes place later this month.

Health 2.0 New Orleans and Team Gleason Announce April 24 Fundraiser

Health 2.0 New Orleans and Team Gleason are collaborating to promote their common interest in solving healthcare challenges through entrepreneurship and new technology. Team Gleason was started by former Saints player Steve Gleason, along with his family and friends, to provide individuals with neuromuscular diseases or injuries with cutting-edge technology, equipment, and services. To celebrate their collaboration, the two organizations will host the "Cheers for Charity" fundraiser at the Rusty Nail on Thursday, April 24th from 4 to 8pm. Tickets will be $20 online or $30 at the door, and all proceeds will benefit The Gleason Initiative Foundation.

Meet NOBIC's New Spring 2014 Commercialization Interns

Jacquelyn Aaron and Ken Porche have joined the NOBIC team as interns this spring. Jacquelyn attends Loyola University New Orleans School of Law. She will graduate this spring and sit for the Louisiana Bar in July 2014 and the Patent Bar in the fall. She is President of Loyola's Environmental Law Society and participated in Loyola's new Environmental Policy Clinic in spring of 2013. Jacquelyn also serves at Comment Editor on Loyola's Maritime Law Journal. Jacquelyn holds a B.S. in Biology from the University of South Carolina where she focused on ecological genetics and neuroscience. Ken is a medical student at LSU Health Sciences Center in New Orleans. He has prior research experience in Protein Engineering, Biochemistry, and Developmental Disorders including lab work, computer programming, data management, grant/paper editing, and statistical analyses. He earned his B.Sc. in Biochemistry and Biophysics from Rensselaer Polytechnic Institute as well as his M.A. in Medical Sciences from Boston University School of Medicine.

www.neworleansbio.com

The New Orleans BioInnovation Center, part of a new wave of advancements in Louisiana, is at the forefront of today's biotechnology surge. As a cornerstone of Louisiana's commitment to nurturing biotechnology within the state, the Center is a atechnology business incubator that aims to stimulate bioscience entrepeneurship in the New Orleans area.

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