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By Stephen Nellis / Friday, December 6th, 2013 / Columns, Technology / Comments Off on Cal Poly startups tackle roommate relations and the textbook market
Cal Poly San Luis Obispo continues to pump out student startups at a steady rate, with a new expense-splitting app for roommates and textbook reselling service both gaining traction on launch.
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By Staff Report / Thursday, December 5th, 2013 / South Coast, Technology, Top Stories / Comments Off on UCSB snags $48M in Army funds for biology-related research
UC Santa Barbara said Dec. 5 that the U.S. Army has renewed its contract with the university’s Institute for Collaborative Biotechnologies, providing an additional $48 million over three years to support biology-related research.
The new funds extend a decade of unclassified research in areas such as biotechnology tools, futuristic materials, energy generation and storage, systems and synthetic biology and neuroscience.
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By Staff Report / Thursday, December 5th, 2013 / Agribusiness, Central Coast, Top Stories / Comments Off on Paso groups agree on water plan
With potentially expensive lawsuits looming in the background, two of the groups jockeying to shape the future of a water district in Paso Robles wine country have put aside their differences in hopes of avoiding years in court and millions of dollars in legal fees.
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By Stephen Nellis / Thursday, December 5th, 2013 / Central Coast, Top Stories, Tri-County Economy / Comments Off on Santa Maria Energy to raise $40M, go public
Santa Maria Energy is going public and raising at least $40 million in new capital — and possibly much more – which could put the firm’s total funds raised at an estimated $90 million.
Santa Maria Energy’s contentious project to drill 136 new oil wells in North Santa Barbara County received approval from the Santa Barbara County Board of Supervisors last month. The Supervisors imposed strict limits on the project’s carbon emissions, essentially implementing a 10,000-ton-per-year cap and requiring the company to buy carbon credits if it goes over that limit.
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By Staff Report / Wednesday, December 4th, 2013 / Central Coast, Real Estate, Tri-County Economy / Comments Off on HomeGoods signs $3.4M lease in SLO
Retail chain HomeGoods has signed a 10-year lease valued at $3.4 million at the Irish Hills Plaza in San Luis Obispo. It will replace OfficeMax in the 20,059-square-foot space.
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By Staff Report / Tuesday, December 3rd, 2013 / Real Estate, South Coast, Top Stories / 1 Comment
The Marshalls-occupied building at 900 State St. in downtown Santa Barbara has been sold for $14.3 million in an all-cash off-market deal, marking a 43 percent premium over the last time the property changed hands.
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By Staff Report / Tuesday, December 3rd, 2013 / Latest news, Technology / Comments Off on Inogen files IPO to raise up to $86.2M
Inogen was founded in 2001 by three UCSB students, one of whom had a grandmother who had recently been placed on oxygen therapy. The therapy required heavy, bulky oxygen tanks that could not be taken on airplanes and other places.
After winning the New Venture Competition business plan contest at UCSB, the team went on to develop a device that used electricity to concentrate oxygen from the air. The concentrators were lighter and less bulky, weighting between 4.8 and 7 pounds.
