Month: May 2020

The Sonar Company Pivots Sound Wave Technology From Sports to Education, Nonprofits
Articles, Featured

The Sonar Company Pivots Sound Wave Technology From Sports to Education, Nonprofits

Most startup founders learn to embrace pivoting as they search for product-market fit. Since the onset of the COVID-19 global pandemic, the founders of  The Sonar Company have expanded their product line with new applications for the sports, education, and nonprofit sectors.CEO Nick Hayward and CIO Allan Matarrita first founded Sports Sonar in 2018 while in Costa Rica. The duo moved to San Antonio in September 2018 when VelocityTX reached out to the sports-tech startup through its Global Accelerator Program.Sports Sonar’s technology enables event sponsors to send videos and other content to mobile phones using an ultrasonic sound people can’t hear. Fans can play games on the platform that does not require using internet access. The startup can customize an app for sports clients to...
Small Business Checklist for Reopening During a Pandemic
Articles, Featured, Guest Posts

Small Business Checklist for Reopening During a Pandemic

Luke Hayward writes for the Funding Circle, a peer-to-peer lending marketplace that allows the public to lend money directly to small- and medium-sized businesses. He contributes today’s guest post on a reopening checklist for small business owners and startups during the COVID-19 pandemic.Small business owners are no stranger to uncertainty, flexibility, and creativity. The nature of an entrepreneur is to look for ways to handle issues that arise and grow a business. Unfortunately, COVID-19 is a different sort of uncertainty. The unmatched difficulties surrounding the current pandemic left many small business owners and startup founders helpless as many had to close their doors for nearly three months. With states reopening their businesses at various rates and with different regu...
What’s Happening in Venture Capital? Local Investors Weigh In
Articles, Featured

What’s Happening in Venture Capital? Local Investors Weigh In

Startup founders know the COVID-19 pandemic has changed investor funding for the foreseeable future. Beyond the obvious shift to virtual pitching and team meetings, what else is going on in the world of venture capital (VC)?We spoke with three San Antonio investors who are tracking what’s changing during the global pandemic, and more importantly, looking ahead at the investing landscape over the next year or so. Level playing field, opportunities abound for innovative companiesIn April, Active Capital founder and CEO Pat Matthews said his venture firm had invested in eight portfolio companies and three new ones.“We also closed two Series As, two sidecars, and one M&A [mergers and acquisitions] transaction. I wouldn’t say it’s been business as usual, but it’s been busy,” ...
Tips for Remote Onboarding During a Pandemic
Articles, Featured

Tips for Remote Onboarding During a Pandemic

Whether you're bringing on summer interns or adding new employees, the need for physical distancing during the COVID-19 pandemic dictates a transition to remote onboarding.We reached out to businesses across San Antonio to gather best practices for onboarding interns and new hires without face-to-face contact. A focus on formalizing fundamental practices, leveraging productivity-boosting technological tools, and integrating training into onboarding are just some of the tips San Antonio startups offered.Define and document your onboarding practicesCompanies may have informal processes for bringing interns and new hires up to speed during their first days on the job. With everyone working from home, the time to document the details of your organization's onboarding experience is ...
UTSA-Led Collaborative Team Wins Grant to Develop a COVID-19 Vaccine
Articles, Featured

UTSA-Led Collaborative Team Wins Grant to Develop a COVID-19 Vaccine

A consortium of scientists from San Antonio's four largest research institutions won a $200,000 grant to fund COVID-19 vaccine development. Dr. Karl Klose, director of the South Texas Center for Emerging Infectious Diseases and professor of microbiology at The University of Texas at San Antonio (UTSA), leads the team. The presidents of UTSA, UT Health San Antonio, Southwest Research Institute (SwRI), and the Texas Biomedical Research Institute (Texas Biomed) formed a new nonprofit in October 2019 called the San Antonio Partnership for Precision Therapeutics or SAPPT. The partnership funds researchers from the four institutions who work together on the interdisciplinary development of breakthrough therapies customized for patients. Soon after the City of San Antonio announced pandemic res...