SANTA CLARA, Calif., October 6, 2003 — Silicon Valley Bank, a subsidiary of Silicon Valley Bancshares (Nasdaq: SIVB), announced three winners at its sixth Showcase forum for entrepreneurs. Avide Wireless, Inc. of Santa Clara, E-Z-CAD, Inc. of Mountain View and Integrated Nanosystems of Sunnyvale, were recognized by a panel of venture capitalists for having the most compelling business ideas. Supporting the company's mission to help entrepreneurs succeed, Silicon Valley Bank's annual Showcase brings together some of its most promising early-stage technology clients with investors, venture capitalists and industry insiders.
At Showcase 2003, 14 entrepreneurs were allotted four minutes each to present their business ideas and market opportunities to the elite VC panel. The panel rated each entrepreneur on presentation content and style. The three companies deemed the best were awarded additional time with the judges at a later date to further explain their business plans and pursue venture funding.
"Showcase is one of the most personal ways in which Silicon Valley Bank fulfills its mission of helping entrepreneurs succeed. By working personally with promising clients to bring them together with some of the most successful investors in the business, we can make a direct contribution to their success," said Silvia Fernandez, region manager for Silicon Valley Bank's San Francisco Bay region. "The number of new innovations and the level of investor enthusiasm at this event signaled an exciting turn in our market. We commend the entrepreneurial spirit of our participants and congratulate all the presenters chosen for this year's event."
Jennifer Fonstad of Draper Fisher Jurvetson, Peter Hsieh of Harbinger Venture Management, Larry Kubal of Labrador Ventures, Greg McAdoo of Sequoia Capital and Ajit Shah of Worldview Technology Partners judged presentations at this year's event.
The winners at Showcase 2003 represent some of today's most promising and influential technology markets:
- Avide Wireless, Inc. is designing and developing superior multimedia wireless technologies for the emerging entertainment networking market
- E-Z-CAD, Inc. develops electronic design automation tools for defect-tolerant deep sub-micron IC design
- Integrated Nanosystems, Inc. is developing a three-dimensional integrated platform for nanodevice manufacturing
Other participants in the invitation-only event included Axceleon, Inc., Brixlogic, Inc., Circle24 Technologies, Energy Lab, Model Predictive Systems, Inc., Remend, Inc., Sensametrics, Inc., SERO Networks, SpeedWorks Software, Inc., TriAccess Technologies and Zotus, Inc.
Silicon Valley Bank's Showcase debuted in September 2000, and is hosted by the company's Emerging Technologies Practice. Events like 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.
Cooley Godward LLP, Deloitte & Touche, Nasdaq Insurance Agency, Ravix Group, Inc. and TriNet Group were additional sponsors of Showcase 2003. About Silicon Valley Bank
Silicon Valley Bank provides diversified financial services to emerging growth and mature companies in the technology and life sciences markets, as well as the premium wine industry. 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 more than 9,500 clients across the country through 27 regional offices. More information on the company can be found at www.svb.com.