San Diego Tech Roundup: Qualcomm, TechStars, Apps Challenge & More
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raised $18 billion nationwide from their limited partners, which include university endowments and pension funds. It’s not sustainable, and Heesen says, VCs need to raise more capital.
—Johnson & Johnson’s research and development center in San Diego, now known as Janssen Healthcare Innovation, announced an incentive prize challenge with awards totaling $250,000 for technology solutions that improve care for patients who’ve just been discharged from a hospital. The idea is to invent a cross-platform tracking system that shares information with a variety of care-givers.
—The City of San Diego is coordinating an “apps challenge” that offers a total of $50,000 in incentive prizes for code writers. In posing the challenge, the city has assembled data on transit schedules, construction permits, crime statistics, energy usage, ocean temperatures, and 370 other datasets from dozens of city departments, as well as San Diego Gas & Electric, Scripps Institution of Oceanography, and the San Diego Metropolitan Transit System. The grand prize for best overall app is $15,000. There also is a $5,000 prize for best City of San Diego app and $5,000 for best SDG&E energy app. More info is here.
—San Diego-based Proximetry, which provides Smart Grid network management technology, said it is extending its collaboration with Cisco (NASDAQ: CSCO), the networking giant based in San Jose, CA. Through Cisco’s Connected Grid ecosystem, Proximetry said it has been working with Cisco and Itron (NASDAQ: ITRI), the smart grid equipment maker in Liberty Lake, WA, to develop network management systems that meet electric utility needs to monitor, control and manage a vast and disparate set of loosely coupled systems.