SANTA CLARA, Calif., October 6, 2005 - 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 www.svb.com.
Silicon Valley Bank Salutes Entrepreneurs' Innovation and Spirit at Showcase 2005; Event Connects Northern California Emerging Technology Companies with Investment Community
Company News | October 6, 2005