{"id":4530,"date":"2013-01-15T06:00:43","date_gmt":"2013-01-15T14:00:43","guid":{"rendered":"http:\/\/www.pixelube.com\/work\/c4c\/?p=4530"},"modified":"2013-01-15T06:00:43","modified_gmt":"2013-01-15T14:00:43","slug":"eight-new-companies-have-spun-out-of-the-university-of-washington-in-the-past-six-months","status":"publish","type":"post","link":"https:\/\/www.pixelube.com\/work\/c4c\/eight-new-companies-have-spun-out-of-the-university-of-washington-in-the-past-six-months\/","title":{"rendered":"Eight New Companies Have Spun Out of the University of Washington  in the Past Six Months"},"content":{"rendered":"<p><em>UW on track to double the number of spin-outs this fiscal year over the past five year average<\/em><\/p>\n<p>SEATTLE &#8212; The University of Washington Center for Commercialization (C4C) announced today that eight start-ups have spun out from the research work and innovations of faculty and students in the past six months. The university-generated companies are founded around a broad range of technologies from medical devices to wireless sensor networks for the home and ecologically sound marine construction equipment.<\/p>\n<p>Among these spin-outs are:<\/p>\n<ul>\n<li><strong><a href=\"http:\/\/www.patientstreaminc.com\/\" target=\"_blank\">PatientStream<\/a><\/strong>, which provides a suite of cloud-based applications that increases hospital operating room efficiencies by replacing whiteboards with an automated, information exchange incorporating cutting-edge display technology, developed at Harborview Medical Center in Seattle;  <\/li>\n<li><a href=\"http:\/\/www.kitotechmedical.com\/\" target=\"_blank\"><strong>KitoTech Medical<\/strong><\/a>, which is developing a revolutionary technology for wound closure that incorporates hundreds of microanchors to close lacerations and surgical incisions, and has the potential to capture a significant share of the $5 billion worldwide wound-closure market; and <\/li>\n<li><strong><a href=\"http:\/\/www.snupi.com\/\" target=\"_blank\">SNUPI (Sensor Network Utilizing Powerline Infrastructure) Technologies<\/a><\/strong>, which will market small wireless, battery-powered sensing devices that can detect a variety of home hazards, such as water leaks. <\/li>\n<\/ul>\n<p>PatientStream announced today an investment of $500,000 by the W Fund, and SNUPI has already attracted $1.5 million in venture funding.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pixelube.com\/work\/c4c\/wp-content\/uploads\/2013\/01\/BenAndersenTMMBA.jpg\" alt=\"\" title=\"BenAndersenTMMBA\" width=\"509\" height=\"317\" class=\"alignleft size-full wp-image-4560\" \/>The UW is on track to make good, almost two years ahead of schedule, on <a href=\"http:\/\/www.washington.edu\/president\/\">President Michael Young<\/a>\u2019s declared goal announced in February 2012 of doubling the number of start-ups spinning out of the university over the next three years, from an average of eight to ten start-ups in the past five years to 16 to 20 this fiscal year.<\/p>\n<p>\u201cThis kind of entrepreneurial activity is exactly what a university like ours is designed to do and what we should be doing,\u201d said Young. \u201cWe have great talent, great ideas, and great untapped potential to develop products and processes that will improve people\u2019s lives and our overall productivity. I\u2019m thrilled that C4C is facilitating the accelerated delivery of results of our great research enterprise into people\u2019s lives.\u201d<\/p>\n<p><a href=\"http:\/\/www.pixelube.com\/work\/c4c\/wp-content\/uploads\/2013\/01\/KitoTech-Medical.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.pixelube.com\/work\/c4c\/wp-content\/uploads\/2013\/01\/KitoTech-Medical.jpg\" alt=\"\" title=\"KitoTech-Medical\" width=\"314\" height=\"300\" class=\"alignright size-full wp-image-4543\" \/><\/a>The UW and C4C are accelerating spin-out of new UW companies through comprehensive support services for faculty and students who are developing commercially promising innovations, particularly in the life sciences, clean technology, alternative energy and information technology. Initiatives include gap funding for projects nearing commercialization; mentorship by a network of entrepreneurs, CEOs and CTOs, angel and venture capital investors, and start-up attorneys; identifying company leadership through the C4C Entrepreneur-in-Residence program; and access to critical lab and office space on the UW campus in C4C\u2019s New Ventures Facility in Fluke Hall, opened one year ago.<\/p>\n<p>Said <a href=\"http:\/\/www.pixelube.com\/work\/c4c\/about-c4c\/meet-our-staff\/lrhoads\/\">Linden Rhoads<\/a>, UW Vice Provost for Commercialization, \u201cPresident Young has articulated his vision for a great research university as including a responsibility to disseminate innovation\u2014to drive economic growth, and to provide opportunities for faculty and students to participate in entrepreneurship and translate their findings to applications that have impact.\u201d<\/p>\n<p>According to <a href=\"http:\/\/www.pixelube.com\/work\/c4c\/about-c4c\/meet-our-staff\/pshelby\/\">Patrick Shelby<\/a>, C4C Director of New Ventures, in addition to PatientStream, SNUPI, and KitoTech, other recent UW start-ups include: <a href=\"http:\/\/rosetta.insilicos.com\/\" target=\"_blank\">Rosetta@Cloud<\/a>, offering a molecule modeling software tool hosted on Amazon Web Services that extends the work of synthetic biology pioneer David Baker; JointMetrix, developing a medical monitoring device used to improve outcomes for knee and other joint replacements; Portage Bay Photonics, developing optoelectronic devices with the promise of  enabling revolutionary increases in the speed of optical systems, computers, and other communication devices; Marine Construction Technologies, commercializing an acoustically optimized pile driving system for building structures in sensitive aquatic environments; and <a href=\"http:\/\/www.controlalthack.com\/\" target=\"_blank\">RGB Hats<\/a>, marketing a hip card game that educates players about cyber security and hacking topics.<\/p>\n<p>Another signal of the university\u2019s strength in commercialization efforts is its continued number one ranking among US universities in the number of annual technology options and license agreements. In the just released <a href=\"http:\/\/www.autm.net\/AM\/Template.cfm?Section=Licensing_Surveys_AUTM&#038;Template=\/TaggedPage\/TaggedPageDisplay.cfm&#038;TPLID=6&#038;ContentID=2409\" target=\"_blank\">2011 survey<\/a> announced by the Association of University Technology Managers (AUTM), the UW reported 189 agreements, followed by Cornell University and Johns Hopkins University.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>UW on track to double the number of spin-outs this fiscal year over the past five year average SEATTLE &#8212; The University of Washington Center for Commercialization (C4C) announced today [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4,6],"tags":[],"class_list":["post-4530","post","type-post","status-publish","format-standard","hentry","category-general-news","category-startup-news"],"_links":{"self":[{"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/posts\/4530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/comments?post=4530"}],"version-history":[{"count":0,"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/posts\/4530\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/media?parent=4530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/categories?post=4530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.pixelube.com\/work\/c4c\/wp-json\/wp\/v2\/tags?post=4530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}