Venture capital fund aims to spur Central Coast tech

A new Central Coast tech venture capital fund will give entrepreneurs in the Highway 101 corridor another avenue for funding.
Santa Barbara Technology Ventures seeks to invest primarily in tech startups by having a close affiliation with companies coming out of UC Santa Barbara and Cal Poly San Luis Obispo, according to a Sept. 1 fund summary obtained by the Business Times.
Managers of the fund said in the document that the region is underserved and that no venture capital funds exist in the region specifically to fund early-stage tech companies.
“While the Santa Barbara region has a wealth of engineering and technology (and) innovation resources, experienced early-stage company leadership has historically been scarce,” the document said.
Read more: http://www.pacbiztimes.com/2015/09/18/new-venture-capital-fund-aims-to-spur-central-coast-tech/

Popular posts from this blog

Commercial Automation Leader SOMFY Joins ZigBee

The ZigBee Alliance, a non-profit maintaining and delivering open, global standards for the low-power wireless Internet of Things (IoT), announced that SOMFY has joined the ZigBee Alliance. A world leader in the home and commercial automation market, SOMFY develops, manufactures and distributes products in 58 countries across five continents. From motorized window treatments for residential and commercial buildings to automated outdoor extensions, gates and garage doors, SOMFY provides a complete range of the latest motorized solutions, automatic systems and alarms designed to make daily life easier, safer and more pleasant. Read more: http://virtual-strategy.com/2016/08/09/european-home-and-commercial-automation-leader-somfy-joins-zigbee-alliance-board-of-directors/
Read more

Home automation gets cheaper, smarter, easier

The promise of widely available home automation has been around since "The Jetsons" aired 50 years ago. But until recently, smart- home systems have been pricey and complex, typically requiring professional installation. And few consumers have been aware of the availability of such services or haven't been convinced that they needed them. But in recent years, major consumer service providers — including ADT, Comcast and Vivint — have entered the market, helping promote the concept of home automation and make it more accessible to average consumers. Companies such as Comcast and Vivint now offer basic home-automation systems for less than $500 installed. And Lowe's Iris, which is available for about $300 for a full system, is designed for self-installation. "We definitely see that (home automation) is moving increasingly into the mainstream," said Jonathan Collins, an analyst with ABI Research. Read more: http://www.denverpost.com/ci_22649153/is-smart
Read more

The smart home and a data underclass

Domestic appliance manufacturers and technology companies have big plans for our homes. From remote controlled heating devices such as Nest and Hive to intelligent fridges, smart TVs and connected washing machines, our appliances will become smart, automating many of our everyday tasks. But true to the notion of the internet of everything in which both things and processes are connected, smart devices won’t just eliminate everyday tasks such as supermarket orders, they will also establish new business relationships. Read more: http://www.theguardian.com/media-network/2015/aug/03/smart-home-data-underclass-internet-of-things
Read more