Month: June 2021

Port San Antonio Created Over 1,200 Jobs in 2020
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Port San Antonio Created Over 1,200 Jobs in 2020

Despite the past 16 months of pandemic-induced restrictions, Port San Antonio has stayed the course powered by its mission to create an innovation hub and more tech jobs at its San Antonio campus.Startups and established global enterprises on the Port’s 1,900-acre technology campus have added more than 4,600 new jobs since 2018 — including over 1,200 jobs in 2020 alone, Port San Antonio chief executive officer (CEO) and president Jim Perschbach said at the annual State of the Port update Tuesday morning.San Antonio Mayor Ron Nirenberg and District 4 Councilwoman Adriana Rocha Garcia kicked off the community’s first major technology innovation showcase since early 2020. The function included a brief update on the Port’s recent milestones, led by Port Board chair Chris Alderete and P...
Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device
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Renovo Concepts Raises $6.4M Series A Funding for Traumatic Brain Injury Device

The San Antonio medical device company Renovo Concepts announced the completion of its $6.4 million Series A preferred stock fundraising round Thursday. Renovo is developing a way to reduce the damage caused by inflammation setting in after severe traumatic injuries to the brain (TBI) with its Mechanical Tissue Resuscitation (MTR) device.The round was oversubscribed, as the company raised approximately $6.4 million in new money on a stated $6 million offering. Proceeds from this funding round are being used primarily to fund product development, initial manufacturing, and safety human clinical trials. The funds will enable Renovo to get its device through the testing evaluations required by the U.S. Food and Drug Administration. After that point, Renovo will then pursue clinical trial...