Kapture Featured on The Price Is Right

Kapture’s audio recording wristband was featured on The Price Is Right, the nation’s longest running TV show, on Tuesday December 9. The game show attracts 5.4 million viewers daily on CBS stations around the country. CBS producers discovered Kapture in a USA Today article written in January, and thought the product’s uniqueness would generate attention.

“Kapture wants to be wherever our target consumer is. Moms and parents of young children watch The Price is Right. When they reached out, we jumped at the opportunity,” said Matthew Dooley, co-founder of Kapture. The young startup also saw this as a cost-effective way to gain national exposure and to stand out during the hectic and very competitive Christmas shopping season.

Watch video of Kapture’s device on The Price Is Right here.

Watch news coverage of Kapture founders on the eve of the show here.

CincyTech Invests in Strap

CincyTech announces our newest portfolio company: Strap, the premier software and analytics platform for wearable technology. CincyTech led a $1.25 million seed round of investment with participation from Mercury Fund, Vine Street Ventures, Danmar Capital, Hyde Park Venture Partners, and New Coast Ventures and angels including Wendy S. Lea. The funding will fuel the company’s growth through product development while increasing partnerships with developers, enterprises and brands.

With Strap Metrics, the world’s first analytics platform for wearable tech, Strap makes it easy to view and optimize the unique sensory data that wearables capture. Strap also offers Strap Kit, a powerful toolkit that allows developers to write their wearable application once, in JavaScript, and deploy it across multiple platforms, with Strap Metrics built right in. Strap is available now for Pebble, Android Wear and Glass, and will soon add support for Tizen and Apple Watch.

“Strap has created an important layer of software that has to exist for wearable tech to work,” said CincyTech Managing Director Mike Venerable. “Developers need it, big companies need it. It allows developers to focus on functionality for the end user.”

“We are very fortunate to have a great group of investment partners on board with us,” said Steve Caldwell, co-founder and CEO of Strap. “The wearables market is poised for hockey-stick growth in the next 12 months, but challenges of fragmentation and increasing data points make it very difficult for existing app developers and stakeholders to jump in with both feet. We are in a perfect position to grow our world class suite of tools and platforms to lower the barrier to entry in the growing wearables ecosystem.”

Strap is a 2014 graduate of The Brandery, one of the nation’s top seed stage accelerator programs in Cincinnati, Ohio. Its founders include Caldwell, a veteran IT professional and software developer, and Patrick Henshaw, a West Point engineering graduate and former US Army Ranger. The founders have moved from Mississippi to locate their headquarters in Cincinnati, taking advantage of a robust startup ecosystem that features growing access to capital, a network of Fortune 500 companies and lower business costs.

“The startup community is strong here and has been validated. Modulus, Roadtrippers and other Brandery graduates have been successful here,” said Henshaw. “It goes without saying that costs are lower, but what really attracts us to Cincinnati is the energy around the startup tech community. Just like OTR is experiencing a revitalization, the tech industry here is getting a ton of care and attention as it grows, attracting the right talent and money along the way.”

A Giant Audience for a Monster App

Choremonster, and co-founder and CEO Chris Bergman, were featured on ABC’s Good Morning America on Friday November 28.

Watch the segment here.

WATCH: Assurex Health’s EVP/COO Don Wright’s TED talk

“If there was something wrong with your car, and you took it to a mechanic…”

So begins Assurex Health EVP/COO Don Wright’s TED talk about personalized medicine and mental health, delivered at TEDxCincinnati in October. It’s a compelling explanation of Assurex Health’s critical mission.

Watch it here.

Ohio Third Frontier Awards $9.1 Million to Southwest Ohio Entrepreneurial Ecosystem

Ohio’s Third Frontier Commission has awarded $9.1 million to the Cincinnati region’s efforts to attract and foster entrepreneurs and innovators, grow high potential startup companies and create new jobs. That total represents a $3 million increase over the previous award for the 2013- 2014 time period, and was the full amount requested.

The award will fund the Southwest Ohio Entrepreneurial Signature Program (ESP)—one of six in the state—through the end of 2016. The ESP is administered by the venture development organization CincyTech but provides funding for many organizations in the region’s startup ecosystem.

“These funds will enable us to continue to support and invest in high potential companies through 2016,” said CincyTech president and CEO Bob Coy. “We are thankful for this award and look forward to further growing local companies and our region’s reputation as a startup hub.”

The award also includes funding for:

–The Brandery accelerator. “With the state’s support The Brandery will be able to continue operating one of the nation’s top accelerators, attracting, supporting and retaining both local and global high-potential startups to Cincinnati,” said Brandery General Manager Mike Bott. “Few accelerators can point to their state government as an invaluable partner, but The Brandery certainly has an amazing strategic ally in the Ohio Third Frontier.”

–Cintrifuse, the regional non-profit that enables the building of high growth companies. “We are grateful for the award from the Ohio Third Frontier and view it as a vote of confidence in Southwest Ohio as an emerging and vital entrepreneurial ecosystem,” said Wendy Lea, Cintrifuse CEO. “This important source of funding allows Cintrifuse to stay on task and continue building on our existing programs designed to uplift entrepreneurs across the region.”

–The HCDC Business Center, the region’s longest running incubator. Said president and CEO David Main, “I am gratified that the Ohio Third Frontier selected to invest again in the HCDC Business Center. When taxpayer money is involved, you must produce results. I believe this grant recognizes and validates our track record of producing strong startup companies for over 25 years.”

–University of Cincinnati Technology Commercialization Accelerator.

Ohio Third Frontier is a technology-based economic development initiative that is successfully changing the trajectory of Ohio’s economy. The $2.1 billion initiative provides funding to Ohio technology-based companies, universities, nonprofit research institutions and other organizations to create new technology-based products, companies, industries and jobs.

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