Homegrown VCs a Vanishing Breed, Cardiologist Eric Topol Sees a Revolution in Wireless Health, Local Companies Raise Capital, & More San Diego BizTech News
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an Ocean X Prize as a way of stimulating the development of new technologies to clean up the mass of drifting plastic in the mid Pacific Ocean. Diamandis, who is scheduled to make an appearance at the Salk Institute tomorrow evening, says it’s only it is only a matter of time before incentive prizes become as important to innovation as venture capital.
—Qualcomm says it is expanding Plaza Retail, its online apps store, to give online publishers and developers the ability to provide mobile applications and content for a variety of platforms. Beyond Qualcomm’s Brew, which maintained strict control of its applications, Retail Plaza will support apps written for Java, Flash, and BlackBerry operating systems. Retail Plaza also plans to support Android, Windows Mobile, Palm’s webOS, Symbian, and LiMo Linux.
—San Diego-based ID Analytics is launching a free online test that measures the vulnerability of individual consumers to identity theft. The service, called My ID Score, provides different advice depending on a score that ranges from 1 to 999, with high scores indicating that you are highly vulnerable. Individuals who earn a mid-range score of 500-700, the “yellow-orange” area of the scoring chart, are advised to obtain a copy of their credit report, and place a fraud alert on their credit file with the credit bureaus. People who score higher are advised to freeze their credit file.
—MeLLmo, a startup based in Del Mar, CA, has introduced a free business application that enables users to transform data from spreadsheets, tables, and other business software into interactive graphics that can be displayed on the iPhone. The tool lets users view, analyze, and share the information.
—San Diego-based Maxwell Technologies (NASDAQ: MXWL) raised $17.6 million by selling 2 million shares of its common stock through a secondary public offering. Maxwell, which makes energy storage devices called ultracapacitors, says it plans to use the proceeds for working capital and general corporate purposes.
—Pure Bioscience (NASDAQ: PURE) says it has raised up to $3 million by selling its stock and warrants to institutional investors in a direct offering. The El Cajon, CA, company, which makes silver-based cleaners and disinfectants, says the net proceeds will be used for working capital.
—Breach Security, a Carlsbad, CA, startup developing network security technology, has raised $2 million of a $2.2 million convertible debt offering, according to a SEC filing.