About a half-dozen companies with Indiana University ties took advantage of the opportunities afforded by the state’s largest exposition for startups — Innovation Showcase 2015 — which was held July 9 at Speedway’s Dallara IndyCar Factory and was sponsored in part by Innovate Indiana. As company representatives spent the day meeting with potential investors, making “minute pitches” or mingling with other exhibitors, the Innovate Indiana Blog stopped by each booth to visit for a few moments:
At Fishers-based Haven, part of the Innovate Indiana Fund portfolio of companies, growth is on the horizon as the company expands its workforce and studies additional metro markets for its home maintenance app. The app, which is available through Apple’s iTunes, debuted in the Indianapolis market in February.
One company you will read more about soon is Delta Microinverter, one of IURTC’s newest Spin Up ventures. Founded in 2014 by Euzeli dos Santos, an assistant professor of electrical and computer engineering at IUPUI, Delta is pursuing cheaper, more efficient ways reduce installation and maintenance costs of power inverters for solar energy panels.
Stay tuned for upcoming news about Anagin as well. The 2013 startup, which has raised more than $760,000 toward post-traumatic stress disorder treatments that avoid harmful side effects, has hired additional personnel, currently operates out of IURTC’s incubator space and soon plans to enter its next fundraising phase.
Along with developing a faster, more accurate and less costly way to perform the western blot lab technique, YC Bioelectric is expanding its efforts to the automotive world — specifically vehicle safety and applications such as automated braking and obstacle avoidance, co-founder Stanley Chien said. More on those efforts as they emerge …
Arrhythmotech’s booth saw Spin Up director Joe Trebley and IURTC interns Brenden King and Jerry Hunter engage visitors on behalf of co-founders Peng-Sheng Chen and Shein-Fong Lin. The 2012 startup is developing non-invasive technologies to monitor sympathetic nerve activity and electrocardiogram signals.
The blog received a somewhat “empty” reception at the Auricyte booth — but for good reason as it turns out. The 2014 start-up, co-founded by Karl Koehler, Eri Hashino and Gerry Oxford (all of the IU School of Medicine), was among 10 finalists (out of 74 companies) in the Showcase’s “minute pitch” competition, so Auricyte’s reps were busy preparing for the finals when the blog dropped by. The company’s pitch is no doubt compelling; Auricyte aims to treat hearing loss through technology that regenerates human stem cells into functional hearing cells. Needless to say, you’ll be hearing more about Auricyte’s endeavors in the near future.