Tag » CAPCO Program

Virent Developing Environmentally Friendly Bottles for Coke

Check out some recent news on a Wisconsin CAPCO program company, Virent:

The go-to-market strategy for a Madison bioenergy firm is changing.

Virent, which dropped the word “Energy” from its corporate name several years ago, now sees Coca-Cola’s quest to make plastic bottles that contain no petroleum as its fastest path toward commercialization and cash flow.

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TomoTherapy Marks Five Years of Clinical Success

A Wisconsin CAPCO Program company, TomoTherapy, hosted a month long commemoration:

TomoTherapy Incorporated (NASDAQ: TOMO) recently commemorated the fifth anniversary of the first patient treatment on a clinical TomoTherapy® Hi·Art® system, which occurred July 1, 2003, at Thompson Cancer Survival Center in Knoxville, Tenn. The commemoration began in mid-June with the annual North America Hi·Art System Users Meeting and Symposium on Helical TomoTherapySM. It ended on July 12, 2008, with Radiate Hope, a fundraising event and celebration of cancer survivorship spearheaded by TomoTherapy employees, and sponsored by the company.

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FAA Awards Biofuels Contracts to Virent, WI CAPCO Company

Wisconsin CAPCO program company Virent was recently awarded biofuels contract by FAA:

Virent Inc. of Madison said Friday it is one of eight firms awarded contracts by the Federal Aviation Administration to develop plant-based jet fuels.

The FAA awarded $7.7 million in contracts, including the $1.5 million award to Virent, formerly known as Virent Energy Systems.
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iCardiac Expands Headquarters Location

A New York CAPCO program portfolio company, iCardiac, recently expanded its headquarters by over 40% with the opening of the global project management center:

iCardiac Technologies, Inc., a leading global provider of cardiac safety assessment services, today announced that the company has expanded its headquarters by over 40% to support the accelerating demand for the company’s best-in-class cardiac safety solutions. The expansion also includes the creation of a global project management center to enhance iCardiac’s ability to support an increasing number of multi-continent Phase II and III studies.

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agencyQ Takes Top International Emerging Media Awards

agencyQ, a DC CAPCO program portfolio company, recently won an award for its work with the NDSS and OOS:

agencyQ is starting 2013 off with a bang! The Summit International Awards have recognized agencyQ as leaders in Emerging Media for their work with the U.S. Department of Energy Office of Science (OOS) and the National Down Syndrome Society (NDSS).

“agencyQ is thrilled to be honored as a Summit International Award winner. We are experts in providing organizations like the OOS and NDSS with our unique and personalized solutions, extending their brands and promoting their missions on the social web,” said Sean Breen, Founder and CEO of agencyQ.

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Solar Water Heating Company Skyline Innovations Receives $1M Investment from Advantage Capital Partners

Through the DC CAPCO Program, Advantage Capital Partners provided $1 million to Skyline Innovations:

Advantage Capital Partners, a leading venture capital and small business finance firm, has invested $1 million in Skyline Innovations, an energy savings solar water heating company based in Washington, D.C. The funds, raised in connection with the District’s Certified Capital Company (CAPCO) Program, will enable the company’s continued expansion and help to create additional jobs in the D.C. area. In conjunction with this funding, Advantage Capital managing director Jonathan Goldstein joins Skyline’s Board of Directors.

Skyline Innovations, founded in 2009, provides commercial-scale solar-powered water heating systems to businesses and the public sector. The company finances, installs, monitors and maintains clean, reliable solar water heating systems at no upfront cost. In addition to Washington, D.C., the company deploys its systems in Arizona, California, Florida, Hawaii and Maryland.

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Exceptional Jet Fuel Produced From High-Quality Cellulosic Sugars

Virent, a Wisconsin CAPCO program company, recently announced its success with Virdia on creating jet fuel from cellulosic pine tree sugars:

Virent and Virdia, formerly HCL CleanTech, announce the successful conversion of cellulosic pine tree sugars to drop-in hydrocarbon fuels within the BIRD Energy project, a joint program funded by the U.S. Department of Energy, the Israeli Ministry of National Infrastructure and the BIRD Foundation. The project, which commenced in January 2011, successfully demonstrated that Virdia’s deconstruction process generated high-quality sugars from cellulosic biomass, which were converted to fuel via Virent’s BioForming® process.“The high-quality sugars generated from pine trees using Virdia’s process leveraged Virent’s conversion process, establishing a viable route to drop-in hydrocarbons from biomass.”

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Able Planet of Colorado to Unveil Cheaper Alternative to Hearing Aids

The Denver Post published some recent news on Able Planet, a CAPCO program portfolio company in Colorado:

Wheat Ridge-based headphone maker Able Planet, a regular at the International Consumer Electronics Show, unveiled a few dozen new products and prototypes at this year’s event, including noise-canceling earbuds.

But the one product that chief executive Kevin Semcken beamed about most had little to do with gadgets.
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Virent Selected to Help Coca-Cola Produce No-Petroleum bottles

Virent, a Wisconsin CAPCO program company, has recently partnered with Coca-Cola:

Biofuels technology developer Virent Inc. will shift from research and development mode to commercial production mode in the coming years, under a partnership with The Coca-Cola Co. announced Thursday.

The multi-million dollar agreement will help Virent move forward with plans to open a commercial plant by 2015, the Madison company said.
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How Virent Is Using Plants To Replace Oil

Fast Company interviewed Mary Tilton, VP of plant operations at Virent, a Wisconsin CAPCO program company.

Fast Company: How did the company get started?

Mary Tilton: The technology was first developed at the University of Wisconsin in Madison by our founder, Randy Cortright. Originally, we focused on hydrogen generation, and the company was founded to commercialize that technology. Sometime around 2005 we realized the catalytic processes we were using could be tailored to make hydrocarbon fuels. So our focus shifted and became looking into using sugars to make gasoline. That’s what we really concentrated on in 2008 when we embarked on the scale-up and decided to go to 10,000 gallons a year. We found we were very successful at taking standard sugar and converting it to gasoline. We demonstrated scalability in 2009, which was an important milestone.
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