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‘Launch Silicon Valley’ Attracts A-List of Funders, Innovators

posted Jul 7, 2012, 6:18 PM by Diana Rohini LaVigne
By Diana Rohini LaVigne

(Mountain View, Calif.) --With over 20 panelists and speakers and 30 startups launching their products during “Launch SV” at the Microsoft Silicon Valley campus here, June 5 was a day filled with innovation driven discussions, presentations by pioneering technology startups and networking with the who’s who in Silicon Valley. 

Valley icon Vinod Khosla was interviewed by Eric Savitz, San Francisco bureau chief of Forbes Magazine, on the future of clean tech and his investing philosophy to an eager crowd.

AppEnsure, which won the Citrix Synergy Startup Challenge in May and will be part of the Citrix incubator program called Citrix Accelerator, has been looking for more potential customers and found Launch SV to be a valuable experience for them. 

Sri Chaganty, AppEnsure founder and CTO, told India-West that “we found about five fellow finalists who expressed need for our solution and were willing to be our Beta customers.”

Currently, AppEnsure’s development center is based in Hyderabad, where they have about 20 engineers, and once they finish their Series A financing round, they will expand engineering to Silicon Valley. 

Supply chain risk management startup company Razient’s CEO Gary Bahadur said that his company “is in customer acquisition mode. Our near term goals are to close ten to 15 enterprise clients in the next 12 months. Having several enterprise clients will prove out our model and allow us to gain faster traction and utilize the income from these clients to expand our staff and sales efforts.” 

He felt the attendees at the event were highly engaged, making it beneficial to presenting companies like his.

The June 5 event, co-presented by SVForum, Garage Technology Ventures and Microsoft, provided the next generation of emerging technology companies with the opportunity to pitch their products to Silicon Valley’s top VCs, angels, corporate business development executives, prospective customers and partners, bloggers and media. 

Another presenting company was AppSmyth, a startup that creates and delivers branded, customizable mobile apps to retail brands that allows them a best-in-class mobile marketing capabilities to their visitors. 

“We had interesting meetings with Enterprise Ireland as we expect to begin our European expansion in Ireland,” AppSmyth founder and CEO Ravi Grewal told India-West. “Also, we had a couple of interesting conversations with VCs which we will follow up on in the coming weeks,” the Indian American entrepreneur said.

Another presenting company was Nclaves, a life sciences startup that has developed an at-home patient monitoring technology. 

“We got two good contacts in corporate venture groups who are also interested in the health-at-home sector,” Nclaves CEO Kiran Kundargi informed India-West. 

During the past six years, over 100 startups leveraged SVASE’s annual event to launch their products and have raised over $145 million in venture capital, while securing customers and partners along the way.

“We are excited to have innovative startups like PredictGaze present at this year’s Launch SV product launch,” said Chris Gill, president of the SVForum board of directors. “Beyond the competition, PredictGaze will have the opportunity to network with some of Silicon Valley's most influential executives and deal makers as a way to build critical relationships that support their path forward.”

As PredictGaze CEO Saurav Kumar told India-West, “We met a few great people who tested our demo, especially the mobile games with the new head gesture-based technology. Most of the people made really positive comments and gave us great feedback on our technology and different possible ideas about customer development.” 

Founded in 1995 by entrepreneurs, for entrepreneurs, The Silicon Valley Association of Startup Entrepreneurs is the largest and fastest growing nonprofit in Northern California dedicated exclusively to helping technology and life science entrepreneurs start and grow successful businesses.