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SAMSAT CEO Growing Early-Stage Science and Tech Museum into World-Class STEM Institution
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SAMSAT CEO Growing Early-Stage Science and Tech Museum into World-Class STEM Institution

There hasn't been a quiet day since Douglas King started in mid-March as the new president and CEO of the San Antonio Museum of Science and Technology (SAMSAT). At about the same time as the COVID-19 pandemic restrictions went into place, King was learning about the world-class collection of historical science and technology artifacts housed at Port San Antonio in the former Kelly Air Force Base chapel.The early-stage technology and science museum has been the centerpiece of the Port's planned innovation hub since SAMSAT founder, innovator, and entrepreneur David Monroe moved his collection to the Port in 2017. Conceived as a hub for science, technology, engineering, and math (STEM) innovators and entrepreneurs to work alongside industry partners, the Port's innovation center, once com...
Look at Terms When Raising Money During the COVID-19 Pandemic
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Look at Terms When Raising Money During the COVID-19 Pandemic

For entrepreneurs raising money during the COVID-19 pandemic, lessons learned from previous recessions can provide guideposts on what to do now.As a venture capital (VC) lawyer since 2000, I see similarities from the aftermath of the 9/11 terrorist attacks in 2001, the collapse of the Dot.com bubble in 2002, and the 2008 recession after the collapse of Lehman Brothers.The previous financial crises occurred after a singular catastrophic event that temporarily halted most economic activity.  At the time, no one knew how society would change after 9/11 or how the banking industry would change after the fall of Lehman Brothers.Investors naturally reacted to this uncertainty by slowing down their activity.In the aftermath of the Dot.com bubble crash, VC financings in the U.S. d...
New San Antonio Biomedical Seed Fund Invests $150,000 in Local Innovators for Military Medical Collaboration
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New San Antonio Biomedical Seed Fund Invests $150,000 in Local Innovators for Military Medical Collaboration

A fund created to help support San Antonio biomedical companies announced its first recipients Friday. The San Antonio Economic Development Corporation (SAEDC) has chosen EmergenceMed, GaitIQ, and Renovo Concepts as the first recipients of financial support from the San Antonio Military Medical Innovation (SAMMI) Fund.The City of San Antonio established the fund in December 2019 to support local companies commercializing discoveries in medical devices, new drugs, and biotechnology and biomedical software that can meet military medical mission needs.The SAEDC board approved Tuesday $50,000 awards for each of the three biomedical innovators looking to collaborate with the military medical community, said Corey Levenson, the city's military medical innovation director.SAEDC creat...
Port San Antonio’s New Innovation Webinar Series Spotlights Knight Aerospace COVID-19 Air Transport Modules
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Port San Antonio’s New Innovation Webinar Series Spotlights Knight Aerospace COVID-19 Air Transport Modules

Port San Antonio's first program highlighting local innovators featured new technology that makes air transport and in-flight care for COVID-19 patients safer, faster, and more scalable than ever before.Joining the discussion were Knight Aerospace president and CEO Bianca Rhodes; Lt. Gen. (Dr.) Paul K. Carlton (Ret.), former U.S. Air Force Surgeon General and Knight Aerospace's medical adviser; San Antonio Economic Development Foundation president and CEO Jenna Saucedo-Herrera, and Port San Antonio president and CEO Jim Perschbach.Iris Gonzalez, publisher of StartupsSanAntonio.com, moderated the recorded panel discussion.Retired Lt. Gen. Dr. Paul K. Carlton, who served as the U.S. Air Force's Surgeon General from 1999 to 2002, has advised Knight Aerospace engineers over many y...
Digital Marketing Technology Company Stirista Closes $13M Series A Funding Round
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Digital Marketing Technology Company Stirista Closes $13M Series A Funding Round

Stirista, a San Antonio-based digital marketing technology company, closed a $13 million Series A funding round, led by Boston-based Wavecrest Growth Partners. Industry veteran ​Dennis Ainge​, a founding executive of TARGUSinfo and a former executive at Neustar, participated in the round, which closed Tuesday.This is the first-ever growth equity financing for Stirista. The most in Series A funding ever invested in a San Antonio company according to Crunchbase was $13.3 million for Earth Class Mail in January 2008. The largest seed round funding in San Antonio was $6.8 million for World's Greatest Videos which closed in December 2018.Stirista specializes in business-to-business (B2B) and business-to-customer (B2C) data services and tools. The company, located in San Antonio’s Highwa...
San Antonio Black Entrepreneurs, Experts Who Can Speak at Your Next Event
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San Antonio Black Entrepreneurs, Experts Who Can Speak at Your Next Event

What will it take to improve diversity at conferences?We know diversity in teams is the key to innovation and makes us smarter. This panel with Tiffany Haddish discussed ways to incorporate diversity into conferences and other public events. We must acknowledge the systematic barriers holding back people of color from being recognized as experts.It has long been evident that we are not doing everything we can to ensure that discussion panels, keystone speakers, and conference sessions reflect the full spectrum of talent in our communities. Too many events lack racial diversity, so we're taking steps to help change that.La Juana Chambers Lawson worked diligently to assemble this curated list of Black professionals who have shared their expertise and views at events. Whe...
Scaleworks Co-Founders Launch Regenerative Agriculture Company Called Soilworks, Acquire PastureMap
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Scaleworks Co-Founders Launch Regenerative Agriculture Company Called Soilworks, Acquire PastureMap

The co-founders of Scaleworks have taken on a new mission to invest in, incubate, and acquire assets that can help accelerate the adoption of regenerative farming practices. Their new company, Soilworks Natural Capital, is focused on expanding the regenerative agriculture economy.The B-corporation public benefit company launched Tuesday with the announcement of its first acquisition, PastureMap. Soilworks has acquired the California-based software company that developed a grazing management application farmers and ranchers use to manage animal herds for more sustainable land practices.Lew Moorman and Ed Byrne founded Scaleworks in 2015 to buy and help technology companies grow either via venture equity deals or with venture finance support. Their newest Soilworks venture will take...
The Sonar Company Pivots Sound Wave Technology From Sports to Education, Nonprofits
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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
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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
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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,” ...