ARLINGTON, Texas--(BUSINESS WIRE)--WBT Innovation Marketplace, presented by Lockheed Martin, held its annual conference March 22 and 23 in Arlington, Texas. The conference brought together more than 450 attendees, including venture capital investors, angels, Fortune 1000 licensees, and representatives from six federal agencies to see over 290 world-class deals that comprised the WBT2011.
WBT Innovation Marketplace is the nation's premier event showcasing the largest collection of vetted and mentored companies and technologies emanating from top universities, labs, research institutions, and the private sector from across the country and around the globe.
During the event, a judging panel of investors, licensees and technology commercialization experts evaluated the technology presentations. Based on each technology’s value proposition, the strength of the technology and its market opportunity, the following “World’s Best Technologies” awards were presented by Amanda Radovic, Executive Director, WBT Innovation Marketplace:
- Platinum Award - MTPV, LLC for Micron-Gap Thermal Photovoltaics
- Gold Award - Grow Green Industries, Inc. for Eat Cleaner
- Silver Award - Womens3D, Inc. for Automated Ultrasound Breast Imaging
“The caliber of technologies, presenters and speakers at the conference was remarkable,” said Paul Huleatt, CEO, WBT Innovation Marketplace. “To engage this many investors and licensees during the current economic climate is truly a testament to the quality of deal flow the WBT generates year in, and year out. Given where the VC industry is heading, we think the WBT is more relevant than ever.”
During his keynote, Mark G. Heesen, president of the National Venture Capital Association (NVCA), discussed the state of the venture industry in terms of the glass being half full or half empty depending on perspective. From Mark’s perspective, the glass is half full. He expects to see a “barbell” industry emerge in the coming years, resulting in more seed and early stage funds on one side and large, international funds on the other. Venture capital may be even more concentrated in established regions, making technology entrepreneurs outside those regions at a disadvantage. Heesen also suggested that the clean tech bloom is off the rose, but the industry remains a quintessential VC play, while IT and security are on the “hot” list.
Covering two full days, this year's agenda covered industry outlooks and a variety of technology and investment sessions on such topics as seed and early-stage funding, federal technology transfer, federal grants and exit strategies. WBT’s two new sessions for WBT2011, FedMarketPlace and UniversitySquare, enhanced the event’s already robust agenda of technology presentations, IP listings, and deal flow activities by providing venues for content-rich sessions dedicated to open innovation best practices, industry presentations and networking opportunities.
Planning is already underway for the 2012 WBT Innovation Marketplace. Those interested in getting involved early are encouraged to contact Amanda Radovic at firstname.lastname@example.org.
About WBT Innovation Marketplace
The WBT Innovation Marketplace is the world’s premier deal-focused networking event featuring seed stage companies and breakthrough technologies among energy, life science, nanotech, material science and information technologies. To register to attend visit: www.wbtshowcase.com.