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Big deals drive region's venture growth

By   /  Monday, July 26th, 2010  /  Top Stories  /  Comments Off on Big deals drive region's venture growth

Companies in the Tri-Counties raised $146.5 million in venture capital in the first half of this year, already close to double the amount raised in the region in all of 2009. About 77 percent of this year’s total came in major funding rounds for five companies in different branches of the technology sector. Ceres Bioscience, Read More →

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New oil company drilling in old wells

By   /  Monday, July 19th, 2010  /  Top Stories  /  Comments Off on New oil company drilling in old wells

A newly public Carpinteria oil firm backed by industry veterans has garnered $20 million to go after black gold in California and Wyoming. NiMin Energy Corp. raised $11.5 million in a public offering in May and now trades under the symbol NNN on the Toronto Stock Exchange, where many natural resource companies make their home. The Read More →

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Mindbody reaches for growth: SLO software firm connects wellness centers nationwide

By   /  Monday, July 19th, 2010  /  Top Stories  /  Comments Off on Mindbody reaches for growth: SLO software firm connects wellness centers nationwide

San Luis Obispo-based Mindbody has spent the past nine years building up a roster of thousands of wellness companies who depend on its Web-based software to manage yoga, spa and fitness appointments and run their businesses. It’s now turning that client list into an online service that lets consumers find and book wellness appointments anytime, Read More →

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SLO reboots: Fresh wave of tech firms take hold

By   /  Monday, July 19th, 2010  /  Top Stories  /  Comments Off on SLO reboots: Fresh wave of tech firms take hold

San Luis Obispo is relaunching as SLO 2.0. Over the past decade, San Luis Obispo and the nearby Five Cities area have blossomed as a mini tech hub, with companies such as MindBody (see accompanying article), Shopatron and REC Solar propelling the area forward. Although the San Luis Obispo area struggled throughout the recession, in part Read More →

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Santa Barbara researchers to test artificial pancreas

By   /  Monday, July 19th, 2010  /  Top Stories  /  Comments Off on Santa Barbara researchers to test artificial pancreas

Santa Barbara will soon host trials of a first-ever artificial pancreas being developed by researchers at UC Santa Barbara and Sansum Diabetes Research Institute to help treat type 1 diabetes. Under development for the past several years in Santa Barbara, the artificial pancreas is now in clinical trials around the globe. Much of the funding Read More →

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Marked for lawsuits: Two companies hit with patent actions

By   /  Monday, July 12th, 2010  /  Top Stories  /  Comments Off on Marked for lawsuits: Two companies hit with patent actions

Alan Brite, an ex-Marine awarded a Purple Heart in World War II, has owned his own business for 59 years. He’s not about to take any guff over a new wrinkle in patent law. A few months ago, his company, Santa Barbara-based Copper Brite, received a letter from a Texas law firm. Brite was being Read More →

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Port revenues down, imports struggling

By   /  Monday, July 12th, 2010  /  Top Stories  /  Comments Off on Port revenues down, imports struggling

The Port of Hueneme expects a net loss of $1.2 million for the fiscal year ended June 30, and port officials are tightening operations in anticipation of a $2.3 million loss in 2011. The only deep-water port between Los Angeles and the San Francisco Bay Area, the Port of Hueneme is a key landing point Read More →

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