Innovega has developed patented contact lenses that, when combined with specialized face glasses, bring digital augmented reality to a user’s field of view without a bulky headset.
Vivid Genomics uses machine learning and genetic based profiling to produce tests aimed at improving drug development for Alzheimer’s disease.
Educational Vision Technologies has developed an automated video platform that enables colleges to deliver virtual lectures — complete with searchable notes and slides — to students taking classes online without extra work for professors.
These three San Diego start-ups are among the 60 firms selected at as this year’s Cool Companies by Connect/San Diego Venture Group.
The breadth and depth of the companies applying is what really excites us,” said Mike Krenn, chief executive of Connect. “And the companies were just so darn good, we chose twice as many as last year.
Cool Companies is designed to spotlight promising San Diego technology and life sciences startups that are ready to move beyond seed funding and into raising their first round of venture capital funding. More than 200 companies apply each year.
Connect/San Diego Venture Group, which merged last year, typically hosts a live event where Cool Companies can show off to about 100 venture capital investors who come to San Diego from across the country.
With the corornavirus pandemic, it’s unclear whether the event will be scheduled in person this year.
But these San Diego startups will still get investor attention through relationships that Connect/San Diego Venture Group has built with 400 venture capital firms over the years, said Krenn.
San Diego is “an awesome market, with real amazing companies and with an infrastructure that allows companies to compete on a global scale,” he said.
Since 2016, Cool Companies have raised more than $400 million just in in Series A venture capital funding.
This year’s Cool Companies are roughly split between technology and life science startups. The span several sectors, including software, mobile devices, computing, genomics, therapeutics, medical devices and cybersecurity.
GoShare, for example, has built a mobile app that allows consumers who don’t have access to a pick-up truck to link with a pool of gig workers who do own large vehicles to haul things, such as flat screen televisions, to their homes.
UCAP Power aims to bring ultracapacitors — rechargeable battery-like devices that can store energy and release it in a burst — into the mainstream. The founders came from Maxwell Technologies, which was acquired by Tesla.
NeuraLace Medical aims to disrupt the chronic pain epidemic with Axon Therapy, a non-invasive magnetic treatment that the company says demonstrated significant pain reduction in 100 patients in an empirical study.
For a full full list and detailed description of this year’s Cool Companies, click here. Otherwise see below.