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AZ Tech Beat | July 27, 2017

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Four new startups join CEI incubator

Four new startups join CEI incubator
Tishin Donkersley

Contributions by Chloe Nordquist

Four Arizona biotechnology and medical device startups will be joining Phoenix-based Center for Entrepreneurial Innovation (CEI) business incubator.

“We see enormous amounts of potential with each of these companies, which is validated by the fact that several have already gone through other incubation programs in the Valley,” CEI executive director Jeff Saville said. “We are excited to now apply our brand of expertise – in the form of intensive business analysis and development, rapid prototyping resources and other partner services – to continue to accelerate their growth.”

The four startups include:

  • Amnio Technology – A regenerative biologics company focusing on advancing research, development, and manufacturing of high quality amniotic tissue allografts for the treatment of wounds, defects, and repair.
  • Paraffin International LLC – A company that utilizes its wax treatment called gLOVE Treat for dry, tired, aging hands and feet to further help those suffering from joint and skin conditions. This company is a recent graduate of Seed Spot.
  • NeoLight – This company creates phototherapy beds which cures jaundice. NeoLight emerged out of an Arizona State University’s Edson Student Entrepreneur Initiative cohort. They were also recognized by BioAccel as part of its Solutions Challenge.
  • Superior Silica – This company manufactures big quantities of high purity monodisperse silica particles for industries such as optics, pharmaceutical, and liquid chromatography.

“We believe in finding and supporting the most dedicated entrepreneurs in the region,” Saville said. “Whether you are in the early stages of validating your technology or actually commercializing it in the marketplace, we exist to provide you with the most relevant resources to help grow your company.”

READ: Babies and skin care win at BioAccel Solutions Challenge

The companies will have access to wet labs, office space, 3D printing, and engineering services.

“We are also thrilled to access CEI’s StartUpLabs 3D printing center to further our product development,” NeoLight Co-Founder and CEO Vivek Kopparthis said.

CEI member companies have created an estimated 145 jobs and earned over $11 million in capital investment.

For more startup coverage, click here.