CED STREAK Showcase Finale Highlights Four Of Area’s Top Tech, Life Sciences Startup Companies

From: MMI Public Relations
Published: Thu Jan 14 2010

CED, formerly the Council for Entrepreneurial Development (www.cednc.org), a private, nonprofit organization that promotes entrepreneurial efforts in the Triangle region of North Carolina, has announced that it will host the final STREAK showcase of the program’s season Thursday, Jan. 28 from 3 p.m. to 5 p.m. STREAK is designed to assist early-stage, high-growth life sciences and technology companies in preparing for and reaching fundraising goals through the critique of pitch presentations by a seasoned panel of investors, entrepreneurs and marketing experts.

CED will showcase four companies – Axial Exchange (www.axialexchange.com), PlotWatt (www.plotwatt.com), Synereca Pharmaceuticals (www.synereca.com) and Vascular Pharmaceuticals – that have participated in the regular monthly sessions during the past six months. Representatives from each company will present to an audience consisting of investors, entrepreneurs, legal and accounting professionals, local governmental agencies and university representatives in an effort to assist each company with additional exposure to the entrepreneurial community.

STREAK is a closed-door session opportunity that is only available to CED members and takes place on the second Thursday afternoon of each month. For details on entry criteria and the application process for future STREAK sessions, CED members should e-mail their business plan and other relevant information to program coordinators Bob Pickens at bpickens@cednc.org or Dhruv Patel at dpatel@cednc.org.

"These four companies represent some of the most promising entrepreneurial efforts in technology and life sciences from our community," said Bob Pickens, director of entrepreneurship at CED. "Our panel’s insights provided needed guidance in steering each company toward successful entry into their respective markets."

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- Axial Exchange is a Raleigh-based clinical information transmitter. Via last-mile open-source appliance, the company enables health care systems of all types to share data to solve key business problems. An Axial subscription gives clients 360-degree interoperability via the Axial Appliance, which stays up-to-date with the latest software, connectors and policy content via the Axial Network. Founder and CEO Joanne Rohde will present.

- PlotWatt offers a Web-based service to provide residential electricity users with customized recommendations for drastically reducing their home’s electric bills. Easily installable monitors feed data from the consumer’s circuit breaker to a data processing center. Proprietary algorithms are then applied to the data to translate total energy consumption into appliance-level cost and actionable recommendations. Founder and CEO Luke Fishback will present.

- Synereca Pharmaceuticals was created to address the growing problem of bacterial resistance to current antibiotics by developing orally active drugs that restore or increase the effectiveness of existing antibiotics. The company’s initial program focuses on inhibiting RecA, a key enzyme in bacterial DNA repair as well as in the development and transmission of antibiotic resistance. Prototype RecA inhibitors potentiate the killing of a wide variety of pathogenic bacteria by a broad range of bactericidal antibiotics. President and Chief Scientific Officer Dr. Scott Singleton will present.

- Vascular Pharmaceuticals is focused on the development and commercialization of novel therapeutic products for the treatment of cardiovascular and metabolic complications related to diabetes. Founded in 2005 by Dr. David R. Clemmons, Chief of the Division of Endocrinology and Metabolism at the University of North Carolina at Chapel Hill, the company has three active research programs focused on diabetic atherosclerosis, retinopathy and obesity. CEO Richard Shea will present.

- One of CED’s most popular and valuable offerings, STREAK provides members the opportunity to submit their business plan and investor pitch for consideration to present before a custom-built expert panel. The panelists are hand-picked to address the specific needs of each company by providing feedback on strategy, business advice, funding options and additional relevant contacts. STREAK is sponsored by Hutchison Law Group and Hughes Pittman & Gupton, LLP.

CED (formerly The Council for Entrepreneurial Development) is a private, nonprofit organization founded in 1984 to identify, enable and promote high-growth, high-impact companies and accelerate the region’s entrepreneurial culture. Headquartered in the Research Triangle Park, CED is the oldest and largest entrepreneurial support organization in the nation with more than 5,500 active members. CED provides know-how, networking, mentoring and capital formation resources to new and existing high-growth entrepreneurs through annual conferences, programs and web-based resources. CED has helped entrepreneurs, investors, service partners, researchers and public policy makers in diverse emerging industries and at all stages of development – from high-tech, production-based organizations to service companies, from one-person start-ups to 1000-person businesses. Visit www.cednc.org for more information.

Jake Potter
MMI Public Relations
(919) 233-6600


Company: MMI Public Relations
Contact Email: onlinenews@mmipublicrelations.com
Contact Phone: 919-233-6600

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