Last month, ten businesses were awarded funding from the Alaska Seed Fund, which helps innovators with prototyping their inventions and products. Wells Fargo and the 49th State Angel Fund each donated $25,000 each to the Fund. The winner, The Launch Company, received $20,000; second place contender Aquagga received $10,000. The leftover funds were distributed to the remaining awardees.
Virtual reality (VR) technology is developing rapidly; with applications in entertainment, medicine, education and much more, it is expected to become a $40 billion industry by 2020. The Innovation Dash, held as part of the Anchorage Museum’s Design Week, combined this exciting new technology with the growing focus on the design thinking approach to problem solving.
Team CED recently attend the North by North (NxN) Festival at the Anchorage Museum. NxN brings innovators and researchers from across Alaska, the nation and other Arctic regions to collaborate and address local and circumpolar challenges. Read on for our takeaways/highlights/favorite parts/moments that left a lasting impression.
Nine months ago we were drinking coffee while discussing about how our state economy is changing and lamenting that no one had spent time exploring emerging industries with growth potential. And then we realized - why not us? We teamed up with the Division of Economic Development to conduct a series of reports, each profiling an emerging sector.