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Arizona Technology Enterprises (AzTE) Hosts the ASU Tech Forum for the Investment Community
Date:2/18/2009

our goal is to ensure that these inventions get into the hands of capable development and commercialization organizations which will eventually translate these discoveries into products in the public interest," said Augustine Cheng, managing director of AzTE. "In hosting this event, we wanted to showcase a sampling of commercially-promising technologies from ASU and Penn in one fell swoop to VCs, entrepreneurs, and private industry executives who would be encouraged to invest in early-stage technologies from the universities."

Among the investment opportunities presented at the ASU Tech Forum is Synsonix, LLC. This ASU start-up venture was founded by ASU Professor William ("Jamie") Tyler based on a potentially disruptive technology using focused ultrasound arrays for deep brain stimulation for various therapeutic applications.

"In forming this venture, we received valuable counsel, assistance, and support from AzTE and ASU," said Tyler and his business partner, Sumon Pal at Harvard. "AzTE closed a deal with us quickly and facilitated connections with potential investors, legal counsel, and other advisors. Our participation in the ASU Tech Forum allowed us to interact with successful business entrepreneurs who have already blazed the trail for accelerating university research to commercial development for industry."

Synsonix has garnered significant attention from investors attending the event.

"We at AzTE are gratified by the enthusiastic turnout for the ASU Tech Forum, as well as the many follow-up inquiries from potential investors relating to several of the presented technologies. The event was well-received by VCs and other guests," said Charlie Lewis, vice president of venture development.

According to John Diekman, founder and managing partner of 5AM Ventures, "University inventions are critically important to venture capitalists who want to build g
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SOURCE Arizona Technology Enterprises
Copyright©2009 PR Newswire.
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