Finalists Announced for 2008 Boomer Venture Summit

SANTA CLARA, CA – (June 10, 2008) – Ten finalists have been chosen from more than 60 competitors for two prizes of $10,000 each in the 2008 Silicon Valley Boomer Venture Summit & Business Plan Competition. The Competition, which attracted submissions from emerging businesses in the United States, United Kingdom, Russia, and Singapore, will be held June 17 at Santa Clara University. The finalists will present their business plans in two sessions, one prior to and one following lunch. The categories and finalists are:
Health

Cansil Diagnostics, a manufacturer of diagnostic devices

CorTech Labs, a provider of unique medical device software products & online teleradiology services

Dialog Devices, a UK-based producer of innovative optical devices for convenient diagnostics

Niveus Medical, a developer of an intelligent electrical muscle stimulation system to help patients quickly return to their active lifestyles following critical illness

Radiogenic Therapeutics, a developer of an improved, less-invasive market implantation system for radiation therapy.

General

About Face Technologies, LLC, a provider of simplified and visually-intuitive assistive technology products with universally-designed user interfaces

Caresquare.com, an online service that connects seniors, their families and caregivers in a social network

Home Preferred, the first retail chain to serve baby boomers who want to age in place

In My Life, a producer and marketer of interactive entertainment, information web portal, and search engine

SecureALL, a developer of fully integrated, centrally controlled security and activity tracking system for seniors.

Two additional competitors received honorable mention from the judges: COR Innovations, developer of minimally invasive solutions to prevent patients from developing heart failure after an acute heart attack, and Final Affairs, an on-demand software company that assists consumers with the estate planning and settlement processes.

"We’ve had an outstanding selection of business plans to choose from this year," said Mary Furlong, Dean's Executive Professor of Entrepreneurship at Santa Clara University's Leavey School of Business. "The quality and diversity of these companies and business ideas is a healthy sign of the innovation and creative problem solving taking place among organizations serving the baby boomer marketplace today."

Pitches from the finalist teams are the highlight of the 2008 Silicon Valley Boomer Business Plan Competition. Two panels of distinguished judges review the plans and determine the finalists. Judges for this year’s Boomer Business Plan Competition are:

Health

Ladan Manteghi, president, Global AARP Networks

Jay DeCoons, senior associate, Highland Capital Partners

Scott Moonly, associate, Johnson & Johnson Development Corporation

Nancy U. Kamei, sector director, Intel Capital Ajit Medhekar, venture partner, ARCH Venture Partners

Simmi Singh, managing director of Converge Partners.

General

Carole Anderson, vice president, The American Society on Aging

Ravi Belani, associate, Draper Fisher Jurvetson

Charles Hirschhorn, chief creative officer, Retirement Living TV

Scott Oliver, partner, Morrison & Foerster Emilio Pardo, chief brand officer, AARP

Stephen Schmoll, executive director, The Council on Aging Silicon Valley

Jon Staenberg, partner, Rustic Canyon Partners

Peter Ziebelman, partner, Palo Alto Venture Partners.

The 2008 Silicon Valley Boomer Venture Summit and Business Plan Competition is co-produced by the Executive Development Center, Leavey School of Business at Santa Clara University and Mary Furlong & Associates.

Event sponsors include AARP, Southwest Airlines, Microsoft Health Vault, Posit Science, Robert Half, Met Life Mature Market Institute, Silicon Valley Bank, The Health Trust, Retirement Living TV and Morrison & Foerster. Participants may register online at www.scubaboomerventure.com/register.htm by June 16 or at the door.

Members of the media may attend at no charge. To obtain a media pass, contact Mary Furlong at (415) 902-8671 or furlong@aol.com.

About the Co-Producers Founded in 1926, the Leavey School of Business at Santa Clara University is acknowledged as among the best across the U.S. More than 80 percent of its 1,100 MBA students are working professionals in Silicon Valley. More information is available at www.maryfurlong.com