Successful Startup Companies Graduate From Business Incubator
Four technology startup companies – three of which UA students had a hand in developing – have recently graduated from the Mentored Launch Program at the Arizona Center for Innovation.
The Arizona Center for Innovation, or AzCI, has worked closely with the UA graduates, founders of four startups, to move their companies and technologies through the commercialization process.
Mentored Launch, AzCI's structured business development program, exists to assists startup companies through a series of workshops, seminars and networking events. The companies also receive individual coaching from mentors experienced in technology innovation, product development and business management.
AzCI is a business incubator and innovation center that promotes and accelerates technology commercialization, helping entrepreneurs transform their ideas into successful companies. AzCI has served more than 75 companies since its inception in 2003. AzCI is a component of the Office of University Research Parks, which is part of the initiative Tech Launch Arizona – a new approach to managing the commercialization of technologies at the UA.
UA students were involved in EquiSight, Smartrek and Ufree. The four startups to graduate from Mentored Launch are:
EquiSight combines embedded helmet camera technology, fixed cameras and proprietary transmission services to heighten sports viewing through a user interface developed by horse racing enthusiasts.
To date, EquiSight has produced more than 100 HD Jockey Cam Videos and has been included in more than 100 media stories, including those by ESPN and Breeders' Cup. Additionally, EquiSight has two patents pending through the U.S. Patent & Trademark Office and was granted trademark registration.
Having recently partnered with IMTS, a military intelligence provider, EquiSight is working to manufacture a state-of-the-art helmet cam for horse racing.
Smartrek is a mobile application that predicts vehicular traffic flows, using real-time traffic data and highly sophisticated prediction algorithms, and provides travelers with the clearest routes and the best departure times to help alleviate traffic congestion and pollution.
Metropia, Inc. has launched its first traffic demand management product, Smartrek, and is deploying products in Los Angeles, Phoenix, El Paso and Austin.
The Smartrek team has worked diligently to secure more than $1 million in initial private financing, and also has been awarded several related projects totaling $2.5 million after just one year of inception.
Smartrek is scheduled to be up and running in five cities by the end of 2013, and 20 more cities in 2014.
YourLabs has developed Knowledge Evaluation System, or KES, which is a next-generation assessment platform that puts real-time learning data into the hands of students and teachers anytime, anyplace and on any device.
The company recently released KES to the education market and is growing its customer base through targeted marketing and word-of-mouth promotion. In addition, the company has hired a CEO and expects to hire an additional six people by year's end.
Ufree is developing an iPhone and Android application to help people experience valuable face-to-face interaction with their friends. Ufree is a simple mobile application that is designed to solve the question, "Who is free to hang out right now?”
The application allows users to view their friends' availability in real-time and also simplifies scheduling events by allowing users to plan a meeting based on their friends' schedules.
The company recently launched its mobile application and was just named as one of five finalists for Entrepreneur Magazine's College Entrepreneur of 2013.
And a note to entrepreneurs: AzCI is actively recruiting clients for the start of their 2013 Fall Mentored Launch Program. For details on how to apply, please visit the AzCI website.
Contact: Jessa B. Turner of the UA Tech Park at 520-382-2485 or firstname.lastname@example.org.
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