Feb. 3, 2016

Boise State Professor Receives 5 Year Funding Award for Quantum Research

Moore’s law, an observation made in 1965 by Gordon E. Moore that the overall processing speed of computers will double every two years, has governed research and development in the tech industry for years. But the physical limitations of standard silicon technology can’t support that kind of exponential growth forever. That means the industry is scrambling to find new ways to improve computer function. Paul Simmonds, an assistant professor in the Department of Physics, is working on the cutting-edge of that problem.

His work is being funded by a five-year, $510,000 CAREER Award from the National Science Foundation. The award is the NSF’s most prestigious program supporting junior faculty who effectively integrate outstanding research and education within the context of their organization’s mission. It is intended to give promising researchers an early career boost by providing stable research funding over an extended period of time.

Oct. 8, 2015

TSheets Receives $15 Million in Growth Equity Funding

by TSheets

TSheets, the cloud-based time tracking company headquartered in Eagle, Idaho, announced that it received $15 million in growth equity funding from Summit Partners, a global investor with over 30 years of experience in technology, healthcare and other growth sectors. Summit Partners previously backed Boise-based Clearwater Analytics, ProClarity (which was later acquired by Microsoft), and Extended Systems. Other notable investments outside the Treasure Valley include Uber, Gainsight, Solutionreach and WebEx. 

Now with 80 employees (and hiring) and a newly opened branch office in Sydney, Australia, TSheets estimates it will increase the size of its staff by three times in the near future.

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Apr. 5, 2016

Students Take Home $100,000 In Seed Funding In Idaho Entrepreneur Challenge

Fourteen teams of intrepid student entrepreneurs took home $100,000 in seed funding to bolster their businesses at the Idaho Entrepreneur Challenge awards presentation April 1 at Trailhead in Boise. All 22 colleges and universities in the Gem State were invited to participate in the Idaho Entrepreneur Challenge, a statewide venture competition that aims to stimulate entrepreneurship. Of the 75 competitors from around the state, 23 teams were selected as finalists. The program is directed by Boise State University’s College of Innovation and Design and College of Business and Economics, and sponsored by Zions Bank. Teams earned seed funding in the categories of health, technology, agriculture technology and social impact. Each of the four first-place teams earned $13,000 for their innovations.

May. 19, 2015

Non-dairy MELT is spreading to new markets

MELT, a non-dairy buttery spread, is expanding. Its maker, Prosperity Organic Foods, moved April 26 from the downtown Boise’s Belgravia Building to larger quarters in the nearby Garro Building. The company hired five new employees between February and April, to 11 full-time employee positions. Prosperity’s expected revenues of $2.5 million this year are 60 percent higher than last year’s, said President and CEO Meg Carlson.

The company secured $3.5 million from current and new investors last year in its fourth round of funding. Treasure Valley Angel Fund has invested in two rounds of funding, in 2013 and 2014. Meanwhile, Prosperity, which started in 2008 in Hailey, is using a $450,000 Small Business Administration grant to develop new products, including one aimed at reducing childhood obesity that is due to start production this year.

Prosperity’s signature MELT product, a dairy-free butter substitute, is made at ZoRoCo Packaging in Caldwell. MELT entered Whole Foods in 2012 and sales are up 50 percent at that national grocer from a year ago, said Carlson. Carlson, a veteran of the food industry who started her career at Ore-Ida in the 1980s, is now working with Costco to come up with a product size that the chain can work with. She sees growth ahead. “There are many other smaller and natural and organic markets around the country, and we’re only in 25 percent of them,” Carlson said. “It’s time for us to be more present. We’re starting to reach that critical mass of consumers who have discovered MELT and incorporate it into their regular routine. It’s a staple and something you buy every time you go to the grocery store.”

Dec. 27, 2014

Capitol City Angels Invest in Three Local Startups

The Capitol City Angel Fund announced its latest round of investments in three small businesses: GenZ Technology and Wevorce in Boise, and Room Choice in Nampa.

The Capitol City Angel Fund is a group of local, accredited investors who help fund small, local startups. The $1.1-million fund is affiliated with the larger Boise Angel Alliance, which has invested nearly $8 million in startups. Boise Angel Alliance investments have spurred creation of more than 300 Idaho jobs, the alliance said. The latest investment totals were not disclosed. GenZ Technology designs and builds high-tech crop sprayers designed to waste less water or chemicals on vineyard and strawberry crop production. Room Choice has developed an online tool for student housing managers. Wevorce works to take the conflict out of divorces.

Apr. 13, 2015

Cradlepoint Closes $48 Million Growth Equity Financing

by Cradlepoint

Cradlepoint, the global leader in 4G LTE networking solutions for distributed enterprises, has closed a Series B round of $48 million growth equity funding. The proceeds will be used to accelerate its international expansion and development of industry-leading cloud-managed Wireless Wide Area Networks (WWAN) and security solutions. The round was led by Sorenson Capital, with participation from Delta-v Capital and The CAPROCK Group.

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Nov. 20, 2014

Angels Invest in BSU Venture College Student’s Startup

Boise State Venture College entrepreneur Ryan Vasso, CEO of Basedin, is the first of 38 entrepreneurs who have entered the program to achieve an important milestone. Recently his company successfully raised capital. Two of the local angel funds, along with members of the funds, invested $125,000 in stock in Vasso's company. He will use the capital to further test his business hypotheses and to determine if he can grow the business beyond the Treasure Valley. Basedin solves creates a business score that measures a company's online reputation. The company aggregates all the reviews it can find and displays them on a local business's profile page. It also checks and displays a company's accreditation, awards, civic involvement and social media popularity.

via BasedIncom

We are very excited for the future! Find out why in this article that the Idaho Statesman wrote about us. idahostatesman.com/2014/11/19/349…