Big Solar Project Advances, Perminova Raises $7M, Qualcomm Buys Charging Technology, & More San Diego BizTech News

11/14/11Follow @bvbigelow

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—The quarterly Connect Innovation Report counted 146 new startups in San Diego during the first half of 2011, a nearly 48 percent jump over the 99 new companies formed during the first half of 2010. The report, which provides a comprehensive snapshot of innovation activity in San Diego, also showed rising tech employment, a three-fold increase in the total value of M&A deals involving local tech companies, and a historic high for patent applications during the second quarter that ended June 30.

Connect, the San Diego nonprofit group for technology and entrepreneurship, outlined “Seven Innovation Policy Ideas to Spark an American Recovery.” The seven recommendations, which were pulled together by San Diego life sciences and high-tech leaders, were included in the Connect Innovation Report to help guide legislation in Sacramento and Washington DC.

—San Diego-based Perminova raised $7 million in a combination of equity and credit financing to accelerate development of its Web-based software for use in cardiology centers. Perminova said its cloud-based software is intended to help doctors and administrators manage their workflow.

Bruce V. Bigelow is the editor of Xconomy San Diego. You can e-mail him at bbigelow@xconomy.com or call (619) 669-8788 Follow @bvbigelow

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