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Texas’ Largest Tech Incubator Announces Finalists for the Prestigious Goradia Innovation Prize

Houston Technology Center to Award $150,000 Prize Monies on October 5

(Houston, TX) September 28, 2011– The Houston Technology Center, Texas’ largest technology incubator and accelerator announced today the eight finalists of the prestigious Goradia Innovation Prize, recognizing the best innovations from leading Texas Gulf Coast universities and research institutions. The benefits of the finest research only occur when breakthrough technologies and groundbreaking products reach customers and patients. The selection of awardees is based upon the commercial potential of the technology, the soundness of the business plan, the potential for job growth within the region and the likelihood of significant long-term success.

Winners will be announced at the Innovation Conference & Showcase presented by the Houston Technology Center on October 5, at the Hilton University of Houston.

The prizes will be distributed as follows:

· $50,000 Grand Innovation Award
· $35,000 First Prize
· $25,000 Second Prize
· $15,000 Third Prize
· Additional $5,000 Honorable Mention Prizes

“The Goradia Innovation Prize is meant to inspire entrepreneurialism, support the Gulf Coast region with job growth, and take innovation the last mile to reach customers, consumers, and patients,” said Walter Ulrich, president and CEO of the Houston Technology Center.

Arcos, Inc.’s clinical decision support software improves outcomes for critical care and has enabled The Methodist Hospital System® to reduce sepsis mortality from 34% to 14%.

Canopy Edge, Inc. is developing a first-of-its-kind device platform for therapy delivery using a patented Percutaneous Close Loop Perfusion System with first target use for anticancer agents to target organs.

Nano3D Biosciences, Inc. has a breakthrough technology for growing cells that is faster, easier and produces greater yield than any other existing 3D cell culturing method today.

Noninvasix, Inc. is commercializing a novel, noninvasive blood diagnostic platform to replace invasive blood sampling and catheterization for millions each year.

OsComp Systems Inc. extends the economical production of liquids-rich shale wells through the application of its proprietary high efficiency multiphase compressor.

Osteocene is developing a revolutionary bone reconstruction technology that repairs form, restores function, and manages infections.

Shape Memory Therapeutics, Inc. is commercializing breakthrough neurovascular device to treat cerebral aneurysm with features well ahead of competition in a rapidly growing $1B market.

Signal Advance, Inc. has developed proprietary Signal Advance Technology (SAT) that temporally advances signal detection offsetting transmission/response delays leading to improved system performance.

WHO: Innovation Conference and Showcase presented by Houston Technology Center
WHEN: Wednesday, October 5, 7:30 am – 6:00 pm

WHERE: Hilton University of Houston, 4800 Calhoun Road, Houston, Texas 77204

Individual tickets are $295 for the full day and $125 for the 2pm-4pm afternoon session and cocktail reception to follow. For additional information or general registration visit

The Houston Technology Center gratefully acknowledges the support and contribution of Mr. Vijay Goradia and Dr. Marie Goradia and their family for establishing the prestigious Goradia Innovation Prize, a one million dollar gift to be awarded for the next ten years. HTC also acknowledges the Greater Houston Partnership’s Opportunity Houston for their additional contribution of $100,000 to be awarded for the next two years.

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