AzTE Startups
Success Stories in the Making

AzTE Startups

Startup Success Stories

Through the end of FY 2016, Arizona Technology Enterprises (AzTE) has helped launch more than 100 spinouts based on university intellectual property. These companies and their sublicensees have attracted more than $650 million from VCs and other investors. In FY 2016, ASU startup companies received more than $96 million in outside financing. 

4Blox, Inc. is a software company dedicated to improving Internet Small Computer System Interface (iSCSI) Storage Area Network (SAN) performance. The most important hardware resource for efficiently handling increased load in iSCSI processing is CPU capacity. The core product from 4Blox™ is a family of software components used to expand CPU processing capacity in iSCSI SAN.

Axon Technologies Corporation is a technology development and licensing company. It was founded in 1996 to develop and commercialize its revolutionary and proprietary memory and switching technology, the Programmable Metallization Cell (PMC). PMC is the cornerstone of integrated ionics, a new and exciting field being pioneered by Axon and one that has generated applications from solid-state data storage to optoelectronics.

Founded in 2005, BioSense International, Inc. designs and manufactures highly sophisticated electro optical instruments and reagents used for the rapid detection and characterization of pathogens in water.

Cantimer, Inc., has developed and is commercializing proprietary products that allow continuous and non-invasive salivary commonality measurements to service the largely untapped market of human hydration optimization. The company is developing a line of hydration sensors composed of a base module and replaceable polymer testing tips. The hydration sensor is based on a patented technology exclusively licensed from Northern Arizona University and expanded by Bay Materials, LLC. The technology, as applied in this context, will measure saliva commonality to determine the state of human hydration. The initial market will focus on healthcare, including geriatrics, pediatrics, anesthesiology, and the US Military.

constructNet International Inc. (cNI) is a joint venture spinout company anchored by Arizona State University and Technologico de Monterrey, Mexico's largest private university. cNI is a single source for individuals, companies and organizations in the construction industry for best-in-class solutions to their education and training needs. Ranging from construction management for professional development and continuing education, to building skills and competencies for technicians and crafts people, cNI offers a broad menu of online and classroom-based courses and programs.

EndoStim, Inc., a St. Louis medical device startup, is using technology developed by ASU engineering professor Bruce Towe to develop implantable microelectronic devices to help treat acid reflux, urinary incontinence and sexual dysfunction through local neurostimulation. These disorders affect hundreds of millions of people worldwide. “The patented technology licensed from AzTE will significantly advance our commercial development of highly miniaturized neurostimulators that can be delivered with a minimally invasive procedure in an outpatient setting,” said Bevil Hogg, EndoStim’s President and CEO. ASU’s technology was an important factor in EndoStim’s raising more than $6 million in Series B equity financing this year. The company plans to use the funding to continue clinical trials overseas and pursue FDA approval for these devices.

Fluidic Fuel Cell, LLC (formerly named TruSyn) is an ASU spin-out created to develop nanoscale materials for hydrogen storage and fuel cell production. The company was created to commercialize technology developed by Dr. Cody Friesen, Professor in the Dept. of Chemical and Materials Engineering. The three main technological roadblocks that must be overcome for any potential hydrogen economy to come about are hydrogen production, hydrogen storage and hydrogen use. Fluidic Fuel Cell is addressing each of these issues with government funding as well as private venture funding that was successfully raised in 2006.

HealthTell, Inc. is a spin-out company from Arizona State University’s Biodesign Institute. HealthTell was named "Start-up of the Year" at the 2012 Arizona Governor’s Celebration of Innovation. The start-up award is presented to a technology company that has achieved significant business success and technical innovation or scientific achievement in the past year. HealthTell is an early stage start-up company that is developing powerful new tools to help individuals monitor their health status. This technology has already been demonstrated to work for over 30 diverse illnesses, ranging from cancer to infectious disease. The test is simple and inexpensive, and can be performed with only a single drop of blood. Company founders are ASU professors Stephen Albert Johnston and Neal Woodbury, who lead the Biodesign Institute’s Center for Innovations in Medicine.

Intrinsic Bioprobes Inc. (IBI) is a privately held biotechnology company that develops innovative technologies for rapid and sensitive proteomics and biomarker analysis. IBI applies its innovations through protein analysis services and research partnerships. Organizations working with IBI can accelerate their drug development cycles, increase the efficacy of therapies in development, and reduce bottom line expenses. The company's proprietary technologies consist of Bioreactive Mass Spectrometer Probes (BRP™), simple devices for rapid, sensitive and accurate protein characterization, and Mass Spectrometric Immunoassay (MSIA™), a high-performance approach for the selective isolation of proteins from complex biological matrices. These root technologies are incorporated into the MASSAY™ Integrated System, a high throughput mass spectrometry approach geared for proteome characterization.

NeuroVista Corporation is an early-stage medical device company pioneering new technologies that will revolutionize the management and treatment of epilepsy.

PetroAlgae, LLC is utilizing natural strains of micro-algae and bred selectively over many generations to produce rapid growth and extremely high oil yield. The modular algae cultivation bioreactor system can be built and operated on a massive commercial scale, creating the opportunity to produce a cost effective alternative to traditional oil supplies. The patented algae strains are not only a great natural oil source, but also capable of being used to absorb carbon dioxide from the atmosphere and contaminants from waste water.

Restorative Biosciences, Inc., researches mechanisms of tissue inflammation, performed by Professor Stephen Massia and his colleagues in the Harrington Department of Bioengineering at Arizona State University, led to the founding of Restorative Biosciences Incorporated in 2004. The company's core technology involves chemically linking bioactive ICAM-1 binding peptides to hydrophilic polymers. The resulting bioconjugates are highly effective and unique in their mechanism of action. They are the only pharmaceutical formulation known to directly disrupt immune cell adhesion onto inflamed tissue, a process central to the destructive progression of inflammation. Their lead bioconjugate compound has been accepted for veterinary use in the United States. Preparations are in progress to begin clinical trials to win approval for an indication for the treatment of Dry Eye (keratoconjunctivitis sicca), an estimated $500 million market opportunity.

SynSonix is a company that specializes in the non-invasive neuromodulation by use of ultrasonic waves. The platform technology, developed by Assistant Professor William (Jamie) Tyler at Arizona State University, involves remote control of neuronal activity in intact circuits using focused pulsed ultrasound. The novel approach to deep brain stimulation can provide convenient, non-invasive therapies for a host of neurological, psychiatric and developmental disorders such as: Parkinson's Disease, Alzheimer's Disease, Epilepsy, Autism, mental retardation, stroke, traumatic brain injury, depression, mania, addition, anxiety, pain control, PTSD, spinal cord injury, coma, neuromuscular diseases and several others.

USuggest, LLC has developed patent-pending technology that allows online shoppers to get commissions for the discoveries they make while shopping online. Using a software tool called InstantValue, shoppers highlight any deal on the Web, tag it, and submit it to USuggest which then instantly lists the suggestion and tracks responses from other shoppers. Deals that users post to the Web site are ranked according to click-through rates and sales conversions, and the highest ranked suggestions earn commission rewards for the individuals who posted the deal.

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Looking for a technology or invention to commercialize? Arizona State University has over 600 technologies available for licensing. Start your search here or submit your own invention.