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Gainsville Innovation Summit, Good News From Headlamp, Fundings: AI Clearing, H55, Ellexco
4 October 2023 - A Weekly Publication by New North Ventures
This week, New North Ventures is excited to participate in the Gainesville Innovation Summit—an exceptional day of collaboration, innovation, and tech exploration. This event brings together industry leaders in technology, entrepreneurship, government and innovation for a day filled with insights, networking, and knowledge-sharing.
Organized by OneSixOne Ventures in partnership with the University of Florida, this summit promises to be a hub of groundbreaking ideas and discussions. We are building a strong partnership with OneSixOne, a co-investor in one of our portfolio companies Holcoron Technologies. We're particularly proud to announce that our very own Venture Associate, Jessica Nelson, will be among the esteemed speakers at this event, serving as the moderator for a panel with former senior USG executives.
It's not too late to be part of this exciting day! If you haven't registered yet, there's still time to secure your spot and dive into the world of innovation. To find out more and register, click here.
At New North Ventures, we take immense pride in our portfolio companies' achievements. Today, we're thrilled to shine a spotlight on our portfolio company, Headlamp and their exciting new collaboration with BostonLabServices.
Headlamp is dedicated to empowering military veterans in their transition to civilian careers. Their mission involves connecting employers with the right veterans and leveraging the DOD SkillBridge program for seamless transitions. Through their Career Liaison Officers (C-LNOs), they craft SkillBridge opportunities that pave the way for successful careers.
BostonLabServices is a Massachusetts-based family-owned company specializing in operational support for the Life Science and Biotech industries. With decades of combined experience, they offer tailored solutions that prioritize quality, flexibility, and consistency.
Their partnership introduces a range of SkillBridge Fellowships, including coveted Operations Manager roles. These full-time positions may involve local travel to customer locations, providing invaluable "field duty" experience. The collaboration aims to support veterans in their career transitions while addressing the operational needs of Life Science and Biotech industries.
Veterans interested in these opportunities can learn more at www.myheadlamp.com.
A consumer watchdog criticizes the banking industry for not implementing technology to match account names, which has exposed consumers to unnecessary risks and fraud.
The New Zealand Banking Association announces plans to combat fraud and scams following significant financial losses to victims and negative publicity. The measures include cracking down on "mule" accounts, removing web links from text messages to customers, and exploring a "confirmation of payee" account name-checking service.
Consumer NZ emphasizes the urgent need for better protection against scammers and suggests that until banks can provide "confirmation of payee" functionality, they should reimburse customers who fall victim to scams.
The banking industry plans to establish a centralized, multi-sector national Anti-Scam Centre, improve the detection of fraudulent activities, remove web links from text messages, and explore options for a "confirmation of payee" service to enhance consumer protection against fraud and scams.
"Version Bravo" is a unique entrepreneurship program aimed at harnessing the untapped entrepreneurial potential of operational veterans from elite naval units, specifically Israeli Navy SEALs (Shayetet 13) and US Navy SEALs.
The program focuses on helping these special operators transition their military skills into the business world, emphasizing skills such as leadership, decision-making under stress, and management, which are directly applicable to startups and entrepreneurship.
Version Bravo offers a 10-week accelerator program with mentorship, entrepreneurial tools, networking opportunities with investors and advisers, and other resources to participating founders.
The program fosters camaraderie and collaboration between American and Israeli SEALs, recognizing their shared attributes and personalities, and aims to create successful civilian versions of these veterans as innovators, job creators, and entrepreneurs.
Key People: CEO Michael Mazur
Elevator Pitch: A construction progress reporting platform designed to provide fully autonomous progress tracking and real-time identification of red flags.
Funding: The company raised $14 million of Series A venture funding in a deal led by Prudence on October 2, 2023.
Key People: CEO Martin Larose
Elevator Pitch: Electric propulsion and battery management technology designed to change air transportation to a clean aviation revolution.
Funding: The company raised CHF 45 million of Series C venture funding in a deal led by RTX Ventures, ND Capital and Tippet Venture Partners on September 21, 2023.
Key People: Co-founder Lingchen Kong Ph.D
Elevator Pitch: A mineral exploration company catering to the lithium mining industry.
Funding: The company received $820,000 of grant funding from the U.S. Department of Energy on September 18, 2023.
Look for a new episode of Securing the Future Podcasts wherever you listen. In our latest episode, we have guest Allison Coukos sit down with General Partner Jeremy Hitchcock for an engaging conversation where Allison discusses her vision and current work to improve national security through innovation.