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13 May 2019                      View this email in your browser
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Orlando Venture Sourcing Weekly

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Orlando's innovation community.

 

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Our newsletter promises to keep you informed about the latest tech, startup, and innovation news and events in Orlando.  We will bring you our analysis and opinions as well as those from guest authors from the innovation community. Our newsletter is powered by Orlando Venture Sourcing. Please signup if you haven't already done so and forward this newsletter to your friends.

Weekly Spotlight


Two Orlando startups win at the 2019 Florida Early Stage Capital Conference

Florida Venture Forum's 12th annual Florida Early Stage Capital Conference was held at Omni Champions Gate last week.  20 startups, three from Orlando, pitched to Florida's key investment groups for Space Florida’s Accelerating Innovation (AI) Award prizes.  Two of our startups took home two out of the four awards - SegAna won 2nd place and $25,000 in the Early-Stage competition and Capacitech Energy won $10,000 in the Seed-Stage competition.  Here is a description of these two startups:

SegAna LLC (www.seganatech.com) is a medical device company that has developed a cloud‐based software platform utilizing artificial Intelligence and a proprietary algorithm that measures changes in patient specific tissue elasticity for enhancing radiation treatment of cancer. The company’s patent pending state of the art technology enhances the treatment of cancer by providing the Radiation Oncologist, in any setting or location, with the ability to accurately define the margin of the tumor on the day of treatment and predict an abnormal treatment up to 3 days in the future. The Radiation Oncologist utilizes this information to develop a new patient treatment plan which will ultimately reduce radiation damage to the tissue surrounding the tumor and improve a patient’s outcome.

Capacitech Energy (www.capacitechenergy.com) is commercializing patent protected, advanced energy storage technology from University of Central Florida. Capacitech sells 100ft spools of series-connected and customizable Cable‐Based Capacitors (CBCs) to distributors selling to OEMs and end users. The CBC will be used to complement batteries in the solar & IT markets to reduce their cost of ownership. It can also help miniaturize electronics by replacing large, traditional capacitors on circuits.

Congrats Rodney Bosley at SegAna and Joe Sleppy at Capacitech!

 

Steve Case: Orlando 'is on the rise,' but still needs work

That was the assessment from the Orlando Business Journal article by Matt Richardson on Steve Case's Rise of the Rest bus tour of Orlando. "There's still work to be done," Case said. "People are paying more attention, but at the same time, it is still really hard to raise capital here. It is still really hard to establish partnerships with the big companies in the area and attract the talent they need. But I am optimistic."

Some comments Matt solicited locally:

“I think what Rise of the Rest has shown us is that we have all the right ingredients here," Donna Mackenzie, executive director of StarterStudio, told the OBJ. "But we need to work closely and cooperatively together as a region to continue to raise our collective profile. That’s how we can get a larger piece of the funding pie, which we most certainly deserve."


"Tampa and Miami are leading the way in Florida — fueled by the general business community participating in the innovation economy in those cities," said Dennis R. Pape, founder of Orlando coworking area Catalyst Spaces and business accelerator VentureScaleUp. "Orlando needs to better engage the business community to partner with and invest in our startups and startup community."

I also told Matt that Orlando needs leadership from the entrepreneurial community if it is to grow into a significant startup hub.  Surprisingly, unlike Tampa and Miami, The Rise of the Rest tour in Orlando was not organized by the entrepreneurial community.   And for some reason, significant portions of the entrepreneurial community, including, most notably, early-stage investors, potential investors, and key investment support groups, were not included in the tour. That was a missed opportunity to shine a spotlight on and further energize this group - ironically when one of the main observations by all was the lack of capital here.  I encourage folks to read (or reread) Brad Feld's book Startup Communities: Building an Entrepreneurial Ecosystem in Your City, for a clear explanation of why entrepreneurs need to lead the entrepreneurial ecosystem here.

Events This Week


Wednesday - 1 Million Cups - Orlando 8:00 am-10:00 am at Rollins College, Bush Auditorium
Wednesday - StarterStudio Free Coworking Day @Downtown 9:00 am-5:00 pm at StarterStudio Downtown
Wednesday -
Black Orlando Tech (BOT) – What The Fresh Prince And Martin Teach Us About Technology (And Brand Loyalty) 6:00 pm-8:30 pm at Credo CONDUIT
Wednesday -
ProductTank Central Florida – ProductTank #10 @ Redlight Redlight – May 15th – World Product Day!!! 7:00 pm-9:00 pm at Redlight, Redlight
Thursday - Third Thursday Free Coworking Day + Happy Hour @5 pm @CatalystSpaces 9:00 am-6:00 pm at Catalyst Spaces
Thursday
Neoware Studios – Customer Journey Mapping, Module 2: A MarketAtomy Lunch n Learn Event 12:00 pm-1:30 pm at Neoware Studios
Friday - Agile Orlando: Lean Coffee Orlando (Baldwin Park/Winter Park) 7:30 am-8:30 am at Stardust Video & Coffee
Friday Launch Now Bootcamp: 4 Week Program @Downtown 1:00 pm-4:30 pm at StarterStudio Downtown

Find event details and upcoming events at Orlando Venture Sourcing

Orlando Tech News

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Meet the Author
Dennis R. Pape

dennis@orlandoventuresourcing.com

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