Silicon Valley Bank Salutes Entrepreneurs' Innovation and Spirit at Showcase 2005
October 06 2005 - 8:00AM
PR Newswire (US)
Event Connects Northern California Emerging Technology Companies
With Investment Community SANTA CLARA, Calif., Oct. 6
/PRNewswire-FirstCall/ -- Silicon Valley Bank, the primary
subsidiary of SVB Financial Group (NASDAQ:SIVBE), held its eighth
annual Showcase event for entrepreneurs, highlighting the best of
the best emerging companies in Northern California. A panel of five
venture capitalists recognized Aivaka, a maker of low-voltage
regulators for low-power portable devices, for presenting the most
compelling business plan and market opportunity of the eight
presenting companies. Supporting the company's mission to help
entrepreneurs succeed, Silicon Valley Bank's Showcase brought
together some of its most promising early-stage technology clients
with over 100 leading venture capitalists and industry insiders
from Northern California. At this year's event, held in Burlingame,
Calif., eight entrepreneurs were allotted four minutes each to
present their business ideas and market opportunities to an
audience of early-stage venture capital and angel investors. The
panel of distinguished venture capitalists rated each entrepreneur
on presentation content and style. The annual event gives select
entrepreneurs valuable access to possible funding sources, as well
as real-time constructive feedback regarding their business plans.
"Year after year the presenting companies at Showcase manage to
amaze and impress us with their innovation and drive. This year's
event gave some of our most promising clients the opportunity to
meet with some of the leading venture capitalists in the area,"
said Tom Vertin, Silicon Valley Bank's San Francisco Bay region
manager. "Showcase is one more way in which Silicon Valley Bank
fulfills its mission of helping entrepreneurs succeed. We
congratulate all of the presenters and thank the judges and
participants for their contributions." Steve Krausz of U.S. Venture
Partners, Gary Little of Morgenthaler Ventures, Ray Rothrock of
Venrock Associates, Mark Sherman of Battery Ventures and Eric Young
of Canaan Partners judged the presentations. This year's Showcase
winner, Aivaka, has developed a new class of efficient low-voltage
switching (DC/DC) voltage regulators suitable for low-power
portable electronic devices. Aivaka's proprietary technology is
battery independent and can work with a wide range of input
voltages. Depending on the application, this new class of
regulators can extend battery life by as much as three times,
reduce overall cost of power delivery by more than fifty percent,
and reduce the footprint for power delivery components by as much
as eighty percent. Aivaka is a member of The Enterprise Network of
Silicon Valley. Other participants in the invitation-only event
included Adura Technologies, Inc., Before the Call, Inc., Home
Robots, Inc., Intalect, Inc., Marketbright, Inc., Reverbix, Inc.
and TimeLapse Mobile. Silicon Valley Bank's Showcase debuted in
September 2000, and is hosted by the company's Emerging
Technologies group. The continued success of Showcase prompted SVB
to host its first CIO Showcase in June 2005. At CIO Showcase, 11
predominately venture-backed technology companies presented to a
panel of CIOs and IT managers, and were evaluated in much the same
way as the presenting companies at this year's Showcase event.
Events like Showcase and CIO Showcase help Silicon Valley Bank
connect its clients to its vast network of partners in the
investment community and fulfill its mission to help entrepreneurs
and enterprising companies succeed. In an ongoing effort to achieve
this goal, SVB conducts and sponsors a broad series of training,
educational and networking events for the entrepreneurial companies
it serves. The Brenner Group, Inc., Cooley Godward LLP, ForLeasing,
Mohler Nixon and Williams, Moyo Group, Technology Ventures Corp.
and TriNet Group sponsored Showcase 2005. About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to
emerging growth and mature companies in the technology, life
science, private equity and premium wine industries. Through its
focus on specialized markets and extensive knowledge of the people
and business issues driving them, Silicon Valley Bank provides a
level of service and partnership that measurably impacts its
clients' success. Founded in 1983 and headquartered in Santa Clara,
Calif., the company serves clients around the world through 27
domestic offices and two international subsidiaries in the U.K. and
India. More information on the company can be found at
http://www.svb.com/. DATASOURCE: Silicon Valley Bank CONTACT:
Eileen McElroy, +1-408-654-6376, or , or Meghan O'Leary,
+1-408-654-6364, or , both of Silicon Valley Bank Web site:
http://www.svb.com/
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