Seattle Tech Roundup for Thursday April 14, 2011
A medical monitoring device by Guide Analytics garnered highest honors at First Look Forum, a showcase for startups staged by the Northwest Entrepreneur Network. The diverse lineup vying for Seattle investor attention included an interactive iPad generation book club named Appitude, an online rental solution to a closetful of bridesmaid attire called Little Borrowed Dress, and a startup that serves sweet addictions with snob appeal titled Chocolopolis.
Life Sciences Discovery Fund seems poised for painful cutbacks that will deal a blow to the region’s biotech arena as the state of Washington struggles with its own budget deficits. Now in its third year, spending for the program born out of the tobacco settlement and under the direction of Lee Huntsman has fallen short of its original goal.
Rebounding from a dismal 2009, online ad revenue reached a new high in 2010, with search and display advertising in solid possession of the lead and mobile advertising making its debut on the list assembled by the Interactive Advertising Bureau. By industry, retail pulled away from the telecom sector, which barely held its second-place spot ahead of financial services and the automotive market.