Ground Metrics Partners with Halliburton
A few weeks ago we wrote about Ground Metrics, a local startup developing electromagnetic sensor systems and data analytics tools being used by energy companies for subsurface intelligence. This week the company announced a partnership with Halliburton. Ground Metrics’ sensor technology will be combined with Halliburton’s expertise in logging, petrophysics, and earth modeling to create 3D saturation models helping energy companies reduce subsurface uncertainty and make production decisions. “Collaborating with Ground Metrics accelerates and deepens our ability to provide operators with greater subsurface insight of their reservoirs,” said David Topping, Vice President of the Halliburton Wireline and Perforation product service line. “The technology and expertise we’re bringing together can play a significant role in helping our customers reduce exploration and development costs and increase oil production.”
Wait a Minute Startup Week, BIO is Next Week Too
Next week, biotechnology companies, researchers, educators, and others from around the globe will descend on San Diego for the annual BIO conference, the largest gathering in the biotechnology industry. An expected 16,500 people will come to downtown San Diego for the event that will take place at the Convention Center, with related events in other locations. Ann Romney is the keynote speaker in her role as a patient advocate and on Monday, June 19, there is a 5K run that will focus its benefits on patient advocacy organizations. And don’t be surprised if San Diego champions and companies use this opportunity to highlight the talent, expertise, and technology that calls San Diego home.
How Do You Like Me Now?
If you are starting to think that a new ranking of the best cities for startups comes out every week, you aren’t that far off. Just a few short weeks after the much anticipated Kauffman ranking put San Diego at number four, a seven spot jump, Cushman and Wakefield, a global commercial real estate firm, has decided to enter the ranking fray. The company has issued its first Tech Cities 1.0 U.S. Report. San Diego ranks ninth behind the usual suspects of San Francisco, Boston, Seattle, Austin, and Boulder, and ahead of newcomers such as Madison, WI and Minneapolis/St. Paul, MN. Don’t like this ranking? Just wait—another one will likely come out next week.
10th Annual Entrepreneur Challenge
Nine teams of students, entrepreneurs, and researchers took home a total of $300,000 recently in the Entrepreneur Challenge, now in its 10th year. The several months long competition was created at UCSD and now is a stand-alone entity. The event awards first, second, and third place winners of $60,000, $30,000, and $10,000 respectively in three categories: High Tech, Life Tech, and Clean Tech. This year’s High Tech winner was Additive Rocket Corporation, a company that is developing 3D printed rocket engines for spaceflight and satellites.
The Life Tech winner was Veocor, a company that can identify blood clots in the left ventricle of the heart, preventing strokes. In Clean Tech, South 8 Technologies took home the award for its work on lithium batteries and capacitors.
It Must Be Entrepreneurial Awards Season…
A whole different group of entrepreneurs were recognized last week by Ernst and Young with their annual Entrepreneur of the Year San Diego Award. Those receiving the award include: Life Sciences – Mark Baum, CEO and Executive Director of Imprimis Pharmaceuticals; Technology – Chuck Myers, CEO and President, Airgain, Inc.; Real Estate – Carlos Michan, CEO of Strata Equity Group, Inc.; Services – David Inmon, CEO of Redhorse Corporation; and Finance – Dave Gilbert, CEO and Founder, National Funding.
Be There or Be…
- Canopy Spring Demo Day
Wednesday, June 28, 6–8 p.m., Fleet Center in Balboa Park
Hosted by Canopy, a business accelerator program for cannabis-ancillary businesses.
- 48-Hour Business Launch Bootcamp (for adults and teens!)
Saturday and Sunday, July 22-23, Hera Hub in Sorrento Valley
Felena Hanson, founder of Hera Hub, will lead attendees through the fundamentals of launching a business using the StepsToStartup.com online platform.