Month: November 2021

Geekdom Will Launch New Cybersecurity Accelerator In 2022
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Geekdom Will Launch New Cybersecurity Accelerator In 2022

Geekdom announced Tuesday the launch of a new accelerator program for cybersecurity startups that will debut in 2022. The downtown San Antonio coworking community has partnered with gener8tor, a nationally ranked Wisconsin-based accelerator that invests in high-growth startups, to oversee the new startup program. The gener8tor platform offers more than 40 different programs such as accelerators, corporate programs, speaker series, conferences, upskilling, and fellowships. They operate in 29 U.S. cities, 16 states, and three countries. Troy Vosseller, co-founder and managing director of gener8tor, said the San Antonio program would be open to startups across the U.S. "Talent is growing in cybersecurity and it's growing in downtown San Antonio," San Antonio Mayor Ron Nirenberg said. “A cy...
Turn Medical Automates Patient Prone Positioning for Critical Care
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Turn Medical Automates Patient Prone Positioning for Critical Care

A San Antonio medical device company is coming out of stealth mode to launch its first product for critically ill patients with severe respiratory issues. Turn Medical is commercializing its automated hospital bed that rotates the patient safely and easily to a prone position onto their abdomen.Prone positioning is recommended for critically ill patients with severe acute respiratory distress syndrome (ARDS), which accounts for about 10% of all admissions to intensive care units (ICUs) worldwide. Prone therapy is now considered the standard of care for those with severe ARDS to reduce lung trauma and improve outcomes, especially for those on a ventilator.Tara Psencik, CEO and co-founder of Turn Medical, told Startups San Antonio they are looking to launch its bed, called the Pronov...
How Many Shares Should Your Startup Authorize Upon Launch?
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How Many Shares Should Your Startup Authorize Upon Launch?

José Padilla is an attorney and the owner of Padilla Law PLLC, where he represents startups and investors. His practice focuses on the formation, seed and VC financings, private equity, acquisitions, strategic corporate transactions, and general advisory regarding corporate and financing strategy. New startups often launch with 10 million authorized shares. Founders often ask me, “Why 10 million shares?”Before answering how many shares of stock a new startup should issue, founders must first understand the difference between authorized, issued, and outstanding shares. What is the difference between authorized, issued, and outstanding shares? The number of authorized shares is the maximum number of shares that a corporation is legally allowed to issue to its investors and stockhol...
Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day
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Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day

Thummi, a healthtech startup originally from Brazil, won the $25,000 prize at the VelocityTX Demo Day pitch competition Thursday.Since summer, six early-stage bioscience companies from Texas, Brazil, and Chile have participated in VelocityTX's 16-week BioGlobal Accelerator program. VelocityTX is an innovation center that runs an accelerator program designed to help startups in the medical devices, biotech, and healthcare technology spaces.The founders pitched to five judges and a Tobin Center audience Thursday evening. Mentors, judges, and audience members voted for the six teams using an app. VelocityTX provided the $25,000 in equity-free funding.Thummi's founder and CEO Dr. Alessandra Morelle became an oncologist after her tuberculosis diagnosis at the age of 13. She experien...
Boerne Launches Startup Incubator Program in Public-Private Partnership
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Boerne Launches Startup Incubator Program in Public-Private Partnership

The City of Boerne, Texas, is supporting startups and the region's economic development with plans for a new incubator program to launch in 2022.The nonprofit public-private partnership between the City of Boerne and the recently formed Boerne Kendall County Angel Network or BKCAN is behind efforts to build a local entrepreneurial ecosystem, starting with an incubator program located in the former Boerne Public Works building, next door to the former Boerne City Hall."The 6,700 square foot building is in good shape and it's centrally located," said Amy Story, president and CEO of the Boerne Kendall County Economic Development Corp. "We're focused on creating opportunities for our residents to pursue careers where they grew up in a space where entrepreneurs can build a successful st...