RTA to Honor 2002 CalTIP Winners, Release Study About CalTIP Economic Impact on Region.Business Editors SAN DIEGO--(BUSINESS WIRE)--Nov. 6, 2002 The San Diego San Diego (săn dēā`gō), city (1990 pop. 1,110,549), seat of San Diego co., S Calif., on San Diego Bay; inc. 1850. San Diego includes the unincorporated communities of La Jolla and Spring Valley. Coronado is across the bay. Regional Technology Alliance (RTA RTA renal tubular acidosis. RTA Renal tubular acidosis, see there ) on Thursday, Nov. 7, will formally honor the 2002 San Diego winners and honorees of the California Technology Investment Partnership (CalTIP) state grant program, which awards matching funds Noun 1. matching funds - funds that will be supplied in an amount matching the funds available from other sources cash in hand, finances, funds, monetary resource, pecuniary resource - assets in the form of money up to $250,000 for business development to innovative San Diego tech and biotech companies that have received federal R&D awards. At the private reception, the RTA will also release an embargoed study, entitled "CalTIP Impact Report." This study documents the economic impact of the state's CalTIP funds on the San Diego region between 1993 and 2001, which has been proven to be substantial. The winning 2002 CalTIP companies have each been awarded $83,000 and include Fallbrook Engineering, to commercialize its umbilical cord blood umbilical cord blood Transplantation A source of primitive and stem cells that can be used to reconstitute BM destroyed by aplastic anemia or by RT or chemotherapy for CA, lymphoproliferative malignancies. See Bone marrow transplantation, Stem cell therapy. collection devices; Perlan Therapeutics, to develop ColdSol for treatment of the common cold caused by rhinovirus rhinovirus Any of a group of picornaviruses capable of causing common colds in humans. The virus is thought to be transmitted to the upper respiratory tract by airborne droplets. infections; and V System Composites Inc., to commercialize its HyPerCore composite products for various applications, such as aircraft blades, propellers, wings and wind energy turbines. 2002 CalTIP honorees include Genoptix, Geodetics, Glysens and Prediction Sciences. The "CalTIP Impact Report" demonstrates a tremendous economic benefit of state development dollars on the San Diego region since the program's inception in 1993. The RTA has found that from 1993 to 2001, 38 private high tech or life sciences companies have leveraged over $700 million in outside equity investments in public and private funding, and that every dollar of CalTIP seed capital investment in San Diego has generated 160 percent return in the form of increased state tax revenue. During that time period, CalTIP companies created over 2,200 new jobs and significantly increased their commercial viability. The complete report will be available for download at http://www.sdrta.org after Nov. 11, 2002. The private reception, held at the law offices of Heller Ehrman Heller Ehrman LLP is an international law firm of more than 700 attorneys working across 13 offices in the United States, Europe, and Asia.[2] Heller Ehrman was founded in San Francisco in 1890 and has additional offices located in most of the major financial centers Attorneys in La Jolla La Jolla (lə hoi`yə), on the Pacific Ocean, S Calif., an uninc. district within the confines of San Diego; founded 1869. The beautiful ocean beaches, in particular La Jolla shores and Black's Beach, and sea-washed caves attract visitors and , is expected to draw about 200 attendees, including media, city and county elected officials, representatives of the state's Technology, Trade and Commerce Agency, investors, local tech business leaders and past CalTIP award winners. Members of the press who have not yet RSVPed are still welcome to attend. About CalTIP The San Diego RTA is one of six RTAs in California, established by state legislation in the mid-1990s to help the state transition to a more tech-based economy. The San Diego RTA manages the CalTIP program for the region. CalTIP focuses on California's smaller, technology-based companies, particularly those in emerging industry sectors critical to the state's continued economic growth. CalTIP helps accelerate the commercialization of emerging technologies and assists grant recipients in competition nationally for federal research and development awards from such agencies as the Defense Advance Research Projects Agency (DARPA DARPA: see Defense Advanced Research Projects Agency. (Defense Advanced Research Projects Agency) The name given to the U.S. Advanced Research Projects Agency during the 1980s. It was later renamed back to ARPA. ), the National Aeronautics and Space Administration National Aeronautics and Space Administration (NASA), civilian agency of the U.S. federal government with the mission of conducting research and developing operational programs in the areas of space exploration, artificial satellites (see satellite, artificial), (NASA NASA: see National Aeronautics and Space Administration. NASA in full National Aeronautics and Space Administration Independent U.S. ), and the National Institutes of Health (NIH "Not invented here." See digispeak. NIH - The United States National Institutes of Health. ). Companies that receive funding from any competitive federal contract or grant that develops a new technology are eligible to receive CalTIP funds. Often, companies who receive -- or are applying for -- federal Small Business Innovation Research (SBIR SBIR Small Business Innovation Research (program/grant) SBIR Space Based Infra-Red SBIR Speaker-Boundary Interference SBIR Site Backsurface-referenced Ideal Plane/Range (silicon wafers) ) awards apply to CalTIP for matching funds. The SBIR program, managed by numerous federal agencies, provides up to $1 billion nationally to small business to develop products. Because SBIR focuses exclusively on product development, it provides a perfect complement to CalTIP. Please visit http://www.sdrta.org for details on the 2002 Winners, CalTIP and exact eligibility details. The RTA encourages companies to apply, organizes a review team to evaluate the proposals, and then works with CalTIP winners as they commercialize their technologies. About the 2002 CalTIP Winners Fallbrook Engineering Inc. (www.fallbrook-eng.com), awarded $83,334, is developing a sterile, single use and medical disposable device that allows for the easy, rapid, aseptic aseptic /asep·tic/ (-tik) free from infection or septic material. a·sep·tic adj. Of, relating to, or characterized by asepsis. collection of umbilical cord blood that can be used for therapeutic and research applications. Funding from CalTIP will enable Fallbrook Engineering to rapidly launch commercialization activities leading to sales revenues sufficient to underwrite the business on an ongoing basis. Perlan Therapeutics Inc. awarded $83,334: The company is developing a proprietary technology platform that enables the development of more effective therapeutics through an orders-of-magnitude increase in the binding efficiency of monoclonal antibodies This is a list of monoclonal antibodies, antibodies which are clones of a single parent cell. When used as medications, the generic names end in -mab (see "Nomenclature of monoclonal antibodies"). . The first application of the company's technology platform is a nasal spray, referred to as "ColdSol," for treatment of the common cold caused by rhinovirus infections. V System Composites Inc. (www.vartm.com), awarded $83,334, has developed proprietary and patent pending composites structures manufacturing processes that are a significant advance in the field of composite structures manufacturing. The company will use its CalTIP funding for the commercialization of its "HyPerCore" composite products. About the RTA The San Diego Regional Technology Alliance (http://www.sdrta.org) is a private non-profit corporation that promotes sustainable technology growth in the region by fostering technology development, commercialization and competitiveness. The RTA provides four major services: commercialization funding for technology R&D companies; entrepreneurship education and business acceleration services for emerging tech and life sciences firms; community technology services to help bridge the "digital divide" and create a more tech savvy workforce; and research on tech-related issues to inform public policymakers and support economic development efforts. Editor's Note: This is a private reception, open only to invited guests and media. Interested members of the press can RSVP (ReSerVation Protocol) A communications protocol that signals a router to reserve bandwidth for real time transmission. RSVP is designed to clear a path for audio and video traffic, eliminating annoying skips and hesitations. to jaarstol@sdrta.org. Thursday, Nov. 7, 2002 6:00 - 8:00 p.m. at the offices of Heller Ehrman Attorneys 4350 La Jolla Village Drive, 7th Floor San Diego, CA 92122 |
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