Betty Beard, The Arizona Republic 9/21/11
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Fourteen companies, most of them from the Southwest and including four based in Arizona, have been selected to appear at a major conference this fall in Phoenix where they can appeal to more than 100 angel investors for funding.
The 14 early-stage companies were picked from a record number of about 130 applicants to appear at the Invest Southwest Capital Conference.
The meeting this year is being merged with a similar conference under the auspices of the Erie, Colo.-based Venture Capital in the Rockies, organizers said.
Their joint conference will be Nov. 2-4 at the J.W. Marriott Desert Ridge Resort in Phoenix.
The combined event not only drew a record number of applicants but is also expected to attract more investors than Invest Southwest generally has drawn on its own, said Karen Katzorke, executive director of Invest Southwest Capital Conference.
"We typically see 125 investors, and we hope by partnering with Venture Capital in the Rockies this year we will see an additional 50 investors," she said. Most of them are from the Southwest, but others are expected to come from around the world.
The 130 applicants surpassed the usual 75 to 100 who apply, she said.
Each one typically asks for $1 million to $10 million.
Each company gets about 10 minutes to pitch its products or services to investors. Investors then take up to a year to decide which companies they will invest in and how much funding will be offered, Katzorke said.
Since Invest Southwest started in 1992, its applicants have received almost $250 million, she said.
The Arizona presenters will be:
Another company, San Diego-based Medipacs, has a research lab in Tucson. It has created a solid-state polymer pump that offers a new way to deliver medicine.
The other presenters will be: