Release_20100608_SVASE_Announces

SVASE Names Launch: Silicon Valley 2010 Top Award Winners

Startups BioVantage, Breakthrough, Green Platform, Micello, tenCube, Truedomain Voted Highest Honors by Launch: Silicon Valley Expert VC-Angel Panel and Audience

Press Release Source: Silicon Valley Association of Startup Entrepreneurs Updated on Wednesday June 9, 2010, 1:25PM EDT

MOUNTAIN VIEW, Calif. - June 8, 2010 --The Silicon Valley Association of Startup Entrepreneurs (SVASE) today announced the selection of the “Launch: Silicon Valley 2010, companies awarded “Most Likely to Succeed” honors in categories, including: Clean Tech, Life Science, Mobile, Next Generation Internet (2) and Technology.

The six winners were chosen from 29 new companies from Silicon Valley and around the world that presented to the audience and a panel of Silicon Valley VCs and Angels, whose combined votes determined the winners. Nearly 400 companies applied to present at Launch: Silicon Valley 2010.

Video replays of winning companies’ event sessions and presentation summaries are available for viewing and download after midnight tonight at http://www.svase.org.

“This year’s presenter and awardees were outstanding. Launch: Silicon Valley has grown to become a major Silicon Valley event showcasing the products and services from the most exciting of the newest startups from around the world,” said Chris Gill, President and CEO of SVASE. “The success of this year’s event clearly demonstrates that the next generation of emerging technology companies views Silicon Valley as the place to pitch their products and network with the SVASE community of top VCs, Angels, corporate executives, prospective customers and partners to help launch their next stage of success.”

Past event finalists have gone on to raise well over $300 million (as per publicly available information, numerous additional deal closing amounts have not been publicly disclosed) following their selection as Launch: Silicon Valley award winners.

Launch: Silicon Valley 2010 award recipients by presenting category are:

Clean Tech category: BioVantage, www.biovantageresources.com

Life Science category: Breakthrough, www.breakthrough.com

Mobile category: Micello, www.micello.com

Next Generation Internet 1 category: tenCube, www.tencube.com

Next Generation Internet 2 Category: Truedomain, www.truedomain.net

Technology category: Green Platform, www.greenplatformcorp.com

For more information about the event, and an overview of all the companies that presented at “Launch: Silicon Valley 2010,” please visit the following URL: http://launchsiliconvalley.org/index.htm

Launch: Silicon Valley 2010 was designed as Silicon Valley’s demonstration platform to uncover and showcase products and services from the most exciting of the newest startups in cleantech, life science,mobile, next generation internet, and technology. Launch: Silicon Valley provides companies with the opportunity to present themselves to investors and other influencers who can help shape their success. In addition to the presentations, participants also have the opportunity to network with the audience.

Launch: Silicon Valley is co-presented by SVASE, the early stage venture capital firm Garage Technology Ventures and Microsoft, which will host the event at the Microsoft Silicon Valley campus in Mountain View. Additional sponsors include Draper Fisher Jurvetson, Townsend Townsend and Crew, Hewlett Packard, the Band of Angels, Sand Hill Angels, the Angels Forum, Cooley LLP, The Kauffman Fellows Program, Business Wire, Digivam, Halosys Technologies, Life Science Angels, Foglifter Media, Alchemy Search Partners, People Connect, Hawaii High Technology Development Corporation, LeadForce1, Joyent, Link Silicon Valley, and VentureDeal.

About SVASE

Founded in 1995 by entrepreneurs, for entrepreneurs, The Silicon Valley Association of Startup Entrepreneurs (SVASE) is the largest and fastest growing nonprofit in Northern California dedicated exclusively to helping technology and life science entrepreneurs start and grow successful businesses.

SVASE provides support and resources for entrepreneurs, from the idea through initial rounds of funding to product launch, delivered at 12 monthly events and a continually evolving web site. For more information about SVASE, please visit www.svase.org.

About Garage Technology Ventures

Garage Technology Ventures is a seed-stage and early-stage venture capital fund headquartered in Palo Alto, California, with investors that include Thomas Weisel Partners and CalPERS, the California Public Employees Retirement System. Garage is focused on investing in emerging technology startups in the Western U.S. Garage is also the creator of the “Art of the Start,” a renowned conference series for entrepreneur education. For more information about Garage, please visit www.garage.com.

Contact:

SVASE

Jeff Lettes, 408-406-1161

Director of Communications (SVASE), Principal, Global Media Strategy

jlettes@globalmediastrategy.com