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Startups

SevOne leases space at UD’s STAR campus [Startup Roundup]

Plus: SEPTA's expanded train service went into effect this week.

SevOne is headquartered in Wilmington. Its satellite office in Center City Philadelphia (pictured here in 2014) will soon close. (Courtesy photo)

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WHO’S GETTING BUZZ

Delaware-based SevOne, which we’ve previously featured here, recently signed a 13-year lease at the University of Delaware’s Science, Technology and Advanced Research (STAR) Campus. The News Journal reported that that the 50,000-square-foot space will initially bring about 150 jobs to the STAR Campus.
SEPTA’s expanded train service to Wilmington and Newark went into effect on Monday. David Curtis — who was behind the successful petition to add trains from Philadelphia to Wilmington (and vice versa) — was recently interviewed by WDDE 91.1 FM. You can listen to the full interview here.

Fifteen teams of University of Delaware freshmen recently pitched, in three minutes, innovative products and concepts. UDaily reported that three teams won: SpectraGlass, a new way to light homes and businesses; RRR Printers, an environmentally-friendly printer; and the Artic Shovel, a user-friendly snow shovel which uses oil to ward off excess snow. Read more about the winning concepts here.
Foreign Affairs’ article “The Innovative State” mentions Delaware-based FingerWorks, which was founded by a UD professor and one of his doctoral candidates. FingerWorks (publicly funded through UD) created the iPhone’s touchscreen technology. The article discusses how touchscreen technology, as well as other technologies, were publicly-funded.
 

WHO’S GETTING FUNDED

Brandywine Private Equity Partners recently raised $119.1 million according to an SEC filing. The Hockessin-based fund “invests in the public equity markets, fixed income, and alternative investment markets of the United States,” says Bloomberg Businessweek.
In Tech Times’ article “Uber Might be Dealing with Problems but is Now Worth $41 Billion,” author Nicole Arce writes about a Fortune report, which reveals that Uber could garner an additional $600 million in stock, as per a Delaware filing.

Companies: SEPTA / Uber / University of Delaware

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