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Weekly News Roundup: October 2, 2015

Google, Amazon Stocks Are Leading a Tough Market

USA Today| Ryan Takeo| October 2
http://www.usatoday.com/story/tech/columnist/shinal/2015/10/01/tech-investors-look-market-leaders-amid-storm/73159038/

“Technology investors brave enough to still be looking for fourth-quarter investment ideas may want to look to the leaders left standing among the third-quarter rout in tech shares. Among the 20 most-valuable U.S. public tech stocks, two companies stood out for their outsized returns during three months when most tech stocks suffered double-digit losses and the Nasdaq fell more than 7%.”

 

Seattle Investor Gary Rubens to Match Donations for Geeks Give Back Campaign to Fund STEM Education

Geekwire| Taylor Soper| October 1
http://www.geekwire.com/2015/seattle-investor-gary-rubens-to-match-donations-for-geeks-give-back-campaign-to-fund-stem-education/

“Seattle angel investor Gary Rubens said on Thursday that he will match up to $125,000 in donations to Geeks Give Back, a new effort that supports low and middle-income students in Washington state to pursue STEM degrees.”

 

These Health Care Startups are Competing to Help EvergreenHealth Solve Digital Health Problems

Pudget Sound Business Journal| Annie Zak| October 1
http://www.bizjournals.com/seattle/blog/techflash/2015/10/these-health-care-startups-are-competing-to-help.html

“The Cambia Grove is close to launching one of its first pilot programs aimed at bringing together entrepreneurs and larger health care companies.

Through the Grove, Kirkland-based health system EvergreenHealth will select a company to work with on a pilot program, which is focused on digital health. San Francisco-based Elevar will help select the company and execute the pilot.”

 

Pioneer Square Labs Aims to Turn Ideas Into Businesses

Seattle Times| Rachel Lerman| October 1
http://www.seattletimes.com/business/technology/pioneer-square-labs-aims-to-turn-ideas-into-businesses/

“The venture startup’s mission is to match venture ideas with people who are good at running businesses. It has been able to attract a hefty list of investors to back the effort. People skilled at running companies might not be the best at coming up with ideas to start them. On the other hand, those who are great at thinking up business ideas might not be the best at running companies. That’s the thinking behind a new startup studio in Seattle, which will develop and test ideas for businesses and then hand them over to experienced leaders to run and grow.”

 

Accelerator Adds $11.7M, Reels in AbbVie, WuxiTech to Back Startups

Xconomy | Ben Fidler | September 29
http://www.xconomy.com/seattle/2015/09/29/accelerator-adds-11-7m-reels-in-abbvie-wuxitech-to-back-startups/

“Accelerator, the 12-year-old startup creator from Seattle, has added $11.7 million in new cash to the fund it announced in July 2014. The new cash closes out Accelerator’s fourth fund at $62.8 million, and is supported by commitments from new investors AbbVie, WuXi PharmaTech, and Watson Fund… Accelerator said at the time that more than half the cash would go towards its New York expansion, with the rest funding its Seattle base, where it’s helped build 12 early-stage biotech companies.”

 

First, Microsoft Tested ‘White-Space’ Internet at Seattle Center. Now It’s Rolling Out to 500,000 Villages in Rural India

Puget Sound Business Journal | Ashley Stewart | September 28
http://www.bizjournals.com/seattle/blog/techflash/2015/09/first-microsoft-tested-white-space-internet-at.html

“Microsoft is making good on its goal to democratize access to technology by bringing affordable broadband to 500,000 villages in India, CEO Satya Nadella announced this week. The Redmond-based company has been developing a new technology it says will help bring internet to the entire world. The technology broadcasts internet signals at the same frequency as so-called ‘TV white space’ – basically, the unused channels that register as static on your TV.”

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