Alt-Bionics Archives - StartupsSanAntonio.com

14Feb

By Iris GonzalezNo Comments

San Antonio Startups to Watch in 2022

San Antonio's startup scene is maturing. Local founders are raising more money than ever before, while venture capitalists are paying more attention to our ecosystem, looking for lucrative companies to invest in.We still have work to do, but take this as a vote for guarded optimism about the state of San Antonio startups. Since we started this list in 2019, our annual compilations (also see our lists from 2020 and 2021) have highlighted startups that are still in the game and growing steadily. Companies on these lists such as FloatMe, Plus One Robotics, and Grain4Grain are scaling operations, hiring talent, and scoring investment dollars. Our startup ecosystem reflects innovation across many different fields. You'll find on the 2022 list more than the expected biomedical, Software-...

Healthtech Startup Thummi Wins $25,000 at VelocityTX Demo Day

5Nov

By Iris GonzalezNo Comments

Articles, Featured

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...

Robotic Prosthetics Startup Alt-Bionics Raises $283K Seed Funding

16Aug

By Iris GonzalezNo Comments

Articles, Featured

Robotic Prosthetics Startup Alt-Bionics Raises $283K Seed Funding

Alt-Bionics founder Ryan Saavedra announced Friday he had raised $283,000 in seed round funding. The investment will get Alt-Bionics closer to its goal of helping those seeking an affordable robotic hand.The amount raised came from angel investments, friends and family, city investment, and venture capital, Saavedra said. The City of San Antonio invested $50,000 from its SAMMI Fund to support medical military innovation, while the Alamo Angels contributed $25,000. Alt-Bionics is also participating in the San Antonio-based VelocityTx BioGlobal Accelerator and has received a $37,000 investment from the program. Alt-Bionics' first investment was $50,000 from participating in the Norfolk State University Innovation Center (NSUIC) incubator program in 2020. The University of Tex...

Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics

23Apr

By Iris GonzalezNo Comments

Articles, Featured

Alamo Angels Invests in UTSA Grad’s Affordable Prosthetic Startup Alt-Bionics

An engineering graduate has gone from a prototype bionic hand to pre-seed funding to produce an affordable medical device for the market in less than a year.Alt-Bionics announced Friday a $25,000 investment from Alamo Angels, a San Antonio-based accredited angel investor network. The funding gets Alt-Bionics closer to helping thousands of individuals access one of the most inexpensive prostheses available in the marketplace."Alt-Bionics mission is to create highly affordable prosthetic devices for below-elbow amputees," founder and CEO Ryan Saavedra said. "We plan to expand our line of prosthetics over time to produce bionic upper and lower extremities."The University of Texas at San Antonio (UTSA) electrical engineering graduate's robotic hand won second place at the univ...