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COMPANIES SELECTED FOR CED'S VENTURE 2002
Twenty-Eight Companies Seek Funding at Southeast's Premier Venture Capital Conference
February 18, 2002, Research Triangle Park, NC - The Council for Entrepreneurial Development (CED) today announced the 28 companies selected to present at its 19th annual Venture 2002, the Southeast's premier venture capital conference. The conference will be held April 30-May 1, 2002 in Chapel Hill, NC.
"This year's companies represent the diverse array of industries found within the region's entrepreneurial sector," said Mitch Mumma, Venture 2002 Selection Committee chair. "For instance, we have twelve life science and related technologies presenters, three networking, one hardware, eight software, and four Internet companies."
The 10 Early Stage companies selected to present include:
- Advanced Integrated Manufacturing Solutions, Co. (Durham,
NC) provides operational features and data analysis capabilities to rapidly
detect and resolve shop floor problems, and tight integration with existing
enterprise systems through its WEB/STAR product suite of shop floor application.
(www.aimsco.com)
- Bandwidth.com (Durham, NC) serves businesses by helping
them identify, price, and purchase connectivity from telecommunication carriers,
doing for bandwidth what Travelocity and Expedia do for travel.(www.bandwidth.com)
- Batanga inc. (Greensboro, NC) provides radio media through
the web to the rapidly growing young Hispanic population in the United States.
Batanga reaches more than 700,000 listeners per month. (www.batanga.com)
- Compendia Solutions Inc. (Raleigh, NC) offers a unique,
patent-pending network fault management solution that solves problems faster,
handles a wider variety of network obstacles and directs managers to the most
probable remedy for each problem.
- Gentris Corporation (Morrisville, NC) utilizes the science
of pharmacogenomics to improve clinical drug development and point-of-care
diagnostics. (www.gentris.com)
- Numerical Design, Ltd. (Chapel Hill, NC) supplies real-time
3D graphics software to developers of interactive 3D video and PC games. Its
NetImmerse product , a suite of C++ libraries and software tools, provides
high performance real-time rendering of 3D objects in game development. (www.ndl.com)
- Piedmont Pharmaceuticals (High Point, NC) develops topically
applied transdermal and long-acting pharmaceutical dosage forms. The company
is developing proprietary dermal / transdermal delivery technologies that
improve the efficacy, convenience, duration of activity, or safety of various
patient treatments. (www.piedmontpharma.com)
- Respirics (Raleigh, NC) offers dry powder delivery of
medication to the respiratory tract. The AcuBreathe Inhaler provides improved
delivery because of inspiratory pressure trigger release of the medication.
(www.respirics.com)
- Synthematix, Inc. (Durham, NC) provides informatics toolkits
for building and mining organized and searchable institutional memory within
pharmaceutical, biopharma and other chemistry-intensive companies. (www.synthematix.com)
- Teamm Pharmaceuticals, Inc. (Morrisville, NC) licenses
or acquires under-promoted or non-promoted pharmaceuticals, prescribed by
primary care practitioners, in order to bring them to physicians and patients.
(www.teammpharma.com)
The 18 later-stage companies selected to present include:
- AlphaVax, Inc. (RTP, NC) develops and manufactures preventive
and therapeutic vaccines and is initiating clinical trials for an HIV clade
C vaccine for a therapeutic HIV vaccine, CMV, breast cancer, and malaria.
(www.alphavax.com)
- Athenix Corp. (RTP, NC) provides novel genetic solutions
for the agricultural, energy, and chemical feedstock industries by discovering
unique input and output traits and developing these traits into products.
(www.athenixcorp.com)
- ChannelAdvisor (Morrisville, NC) enables merchants (retailers,
manufacturers, catalogers, distributors) to sell on new online channels such
as eBay, Yahoo, and Amazon, through its technology platform and technological
services. (www.channeladvisor.com)
- ChemCodes Inc. (Durham, NC) leverages a high throughput,
scalable and automated proprietary technology platform that combines experimental
chemistry and informatics for the discovery and development of new medicinal
compounds and materials.(www.chemcodes.com)
- cipherOptics, Inc. (Raleigh, NC) provides cost efficient
and high performance network security prdocuts that provide security at optical
network speeds. (cipherOptics.com)
- Convey Systems, Inc. (Charlotte, NC) enables people in
disparate locations to share information, work collaboratively and see and
hear each other using a single Web-based tool. (www.conveysystems.com)
- Cropsolution, Inc. (Morrisville, NC) discovers and develops
chemicals to protect crops from weeds, diseases, and insect pests through
its Evolution Chemistry TM technology. (www.cropsolution.com)
- LiveWire Logic, Inc. (Morrisville, NC) leverages an array
of software technologies to create computer generated conversational agents
that can carry on human-like conversations with people, providing an alternative
for companies in responding to customer telephone, live chat and email inquiries.
(www.livewirelogic.com)
- LVL7 Systems, Inc. (Cary, NC) offers a full suite of
network processing software that accelerates the development of network infrastructure
equipment, including switching and routing devices that work across multiple
silicon platforms and operating systems. (www.lvl7.com)
- Merix Bioscience Inc. (Durham, NC) uses a propriety platform
technology for the creation of novel cancer vaccines in the field of cancer
immunotherapy. (www.merixbio.com)
- Nobex Corporation (RTP, NC) develops modified drug molecules
to improve medications for chronic diseases by using medicinal chemistry to
enable the oral delivery of drugs currently delivered only by injection. (www.nobexcorp.com)
- Overture Networks (RTP, NC) addresses the three problems
facing telecom carriers deploying metro networks today: how to increase revenues,
how to decrease costs, and how to migrate to next-generation networks through
its platform, an IP Services Gateway. (www.overturenetworks.com)
- Peopleclick, Inc. (Raleigh, NC) provides enterprise workforce
management software as a web service that enables an organization to manage
their labor force relative to planning, acquiring, developing and retaining
the labor force for the organization. (www.peopleclick.com)
- Pinpoint Networks, Inc. (Cary, NC) provides wireless
service providers with a carrier-class software platform that catalyzes the
creation of content by managing the distribution, provisioning, and billing
of mobile content and applications. (www.pinpoint.com)
- TalkingNets (Wilmington, NC) offers wholesale telephony
solutions that allow carrier and reseller channel partners to offer voice
services to small and medium-sized businesses. (www.talkingnets.com)
- Targacept, Inc. (Winston-Salem, NC) discovers and develops
neuronal nicotinic receptor-based therapies to treat Alzheimer's Disease,
Parkinson's Disease, Ulcerative Colitis, MCI, Depression, Chronic Pain, Anxiety
disorders, Obesity, Schizophrenia, and other human diseases. (www.targacept.com)
- TogetherSoft (Raleigh, NC) develops software and services
that enable enterprises to develop assets by providing ways to manage change,
mitigate risk, and deliver frequent, tangible, team-driven results. (www.togethersoft.com)
- Trinity Convergence, Inc. (Raleigh, NC) designs, develops,
and markets embedded software solutions for developers of converged network
equipment. Trinity's focus is to develop and deploy packet voice and fax software
for telecommunications OEMs. (www.trinityconvergence.com)
Chaired by Mitch Mumma, general partner, Intersouth Partners, the Venture 2002 Selection Committee includes professional venture capitalists from throughout the southeast. In addition to company presentations, Steve Jurvetson, managing director, Draper Fisher Jurvetson, is a featured speaker.
About Venture 2002: CED's upcoming 19th annual Venture 2002 Conference - where great minds meet smart money - is scheduled for April 30-May 1, 2002 at The Friday Center in Chapel Hill, NC. Last year's conference, Venture 2001 drew a crowd of more than 1,100 investors, service professionals, entrepreneurs and others involved in the entrepreneurial funding process from throughout the United States. Interested parties should visit the conference Web site at www.cednc.org/venture/2002.
About CED: The Council for Entrepreneurial Development, located in Research Triangle Park, NC, is a private, non-profit organization formed in 1984 to stimulate the creation and growth of high-impact companies in the greater Research Triangle region. CED provides education, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, seminars, workshops and monthly programs on entrepreneurial management and finance. CED is the largest entrepreneurial support organization in the nation with more than 5,000 members representing 1,200 entrepreneurial companies, financiers and professional firms. www.cednc.org