Summer 2010
The New Industrial Revolution: Alliance of Angels Recognizes Modumetal as 2010 Company of the Year
Imagine if you could grow metal that is stronger but lighter than steel. Imagine creating new materials and coatings that are more durable than conventional metals, using a cost-effective, green manufacturing process. Imagine what you could build – and build better – from armor and airplanes, to bridges and pipelines.
The team at Modumetal dared not only to dream it, but to do it. Welcome to the new industrial revolution.
Modumetal has developed a unique class of nanolaminate alloys with a wide range of industrial, military, and transportation applications. The company uses an electrochemical process, rather than heat, thus reducing the environmental impact of metals manufacturing while revolutionizing performance. Modumetal’s approach, which involves creating layers on the nanoscale, has been likened to the process by which shell or bone grows in nature. The end result is an advanced material that is relatively lightweight, has greater temperature tolerance, and resists corrosion better than conventional metal alloys.
“In more than 25 years of investing in and starting companies, it is rare to see an idea that can create an industry,” said AoA Chair Dan Rosen, president and CEO of Dan Rosen & Associates and member of Modumetal’s board.
“Modumetal is a great example of why we angels do what we do – invest in innovative startups and helping them change the world.”
Each year, Alliance of Angels recognizes a portfolio company that exemplifies the spirit of entrepreneurship. Seattle-based Modumetal was recognized as its 2010 Company of the Year during the Technology Alliance’s State of Technology Luncheon. Christina Lomasney, co-founder and CEO, accepted the award.
“On behalf of all of the Modumetal team, we are humbled and honored to receive this recognition from our partners at the Alliance of Angels,” Lomasney said.
“We are grateful for this award, and even more to the individual members of the Alliance for engaging with us and for putting the force of their collective passion, genius and resources behind Modumetal’s vision to revolutionize the design and performance of advanced materials.”
Learn more about Modumetal at www.modumetal.com.
Innovation and Impact: New Technology Alliance Report Measures the Vital Contributions of Technology-based Industries to the Washington Economy
Just how important are Washington’s innovative industries to our statewide economy?
Very, judging by the results of the Technology Alliance’s latest study. With 381,546 direct employees, wages and other compensation totaling more than $42 billion, and $133 billion in sales, innovation’s impact is felt throughout The Evergreen State.
New AoA Fellow Swoops in to Work with Investors and Entrepreneurs
Our signature program to support entrepreneurial investment, Alliance of Angels, recently welcomed a new face to the team who counts among her various skills “the ability to maneuver potholed roads carrying live chickens on a motorcycle.”
Intrigued? So were we.
Meet second-year MBA student Alissa Johnson, our 2010-2011 William H. Gates Sr. Fellow in Innovation & Entrepreneurship.
Tomorrow’s Companies Today: July 13th Innovation Showcase to Highlight New Crop of Medical and Green Technologies Ready for Commercialization
A disposable card that enables physicians to perform common screening tests in a single patient visit. A material used to build low cost, virtually maintenance-free “green” roadways. A new kind of glass that will reduce the energy consumed to heat and cool buildings.
These are just a few of the exciting innovations that will be featured at the next Innovation Showcase on July 13th.
Technology Alliance Elects Five Outstanding Business Leaders to Board
The Technology Alliance was pleased to welcome new board members Ewan Duncan, Doug Francisco, Sean McLeod, Susan Sigl, and Scott Silver during the first half of 2010. They are the latest in a long line of forward-thinking business and community leaders to devote their considerable talents to advance our organization’s vision of a vibrant innovation economy for Washington and its citizens.
Aquatic Oil Spill Expert Usha Varanasi to Open the 2010-2011 Season of the Science & Technology Discovery Series
The 1989 Exxon Valdez oil spill off the coast of Alaska left a lasting impression in our minds, and a lasting impact on the environment and livelihood of our neighbors to the north. The memory of that fateful day in Prince William Sound is recalled, two decades later, by distressing images of oil gushing unchecked from an undersea well in the Gulf of Mexico; of pristine sandy beaches marred by pools of sludge, of floating fish carcasses and slick-coated birds, and of entire communities wondering how they will recover, so soon after rebuilding in the wake of Hurricane Katrina.
What did we learn 20 years ago that can help us respond to the devastation wreaked today?
On September 10th, Dr. Usha Varanasi, director of the Northwest Fisheries Science Center, will examine the legacy of Exxon Valdez and the effects of oil spills on aquatic ecosystems to kick off the new season of our Science & Technology Discovery Series.
Extra! Extra! Read All About It!
It has been a busy Spring for the TA. In case you missed out, here is a selection of media coverage of our recent events and activities:
- High-tech Employment Growing in Whatcom County
- Bellingham Herald, 7/4/10
- Tech Alliance's Susannah Malarkey on Four Things Seattle Could Learn from Boston, and One Big Northwest Advantage
- Xconomy, 6/29/10
- Clay Christensen Speaks at Technology Alliance on Disruptive Innovations in Education, Health, VC
- Xconomy, 5/18/10
- Why the Seattle Tech Community Gets the Mt. Rainier Treatment
- TechFlash, 5/17/10
- Harvard's Clayton Christensen on the Economics of Disruption
- TechFlash, 5/17/10
- Tech Alliance: Tech Companies Provide 13% of State Jobs
- Seattle Times, 5/17/10
- Technology Alliance Showcases Five Companies in Sensors, Mobile Displays, and Drug Therapies: Investors Take Notice
- Xconomy, 4/22/10
New on the Web
Check out our State of Technology Luncheon photo gallery, featuring keynote speaker Clay Christensen, TA Chair Jeremy Jaech, AoA Company of the Year honoree Christina Lomasney, and more.
Our complete economic impact report, which provides a detailed analysis of Washington's increasingly innovation-driven economy, is available for download from our Publications & Policy page.
Important Dates
- July 13
- Innovation Showcase
- 3:30 pm - 6:30 pm
- Rainier Square Conference Center, Seattle
- July 30
- Alliance of Angels 10 Minute Pitch Clinic
- 1:30 pm - 4:30 pm
- 1301 5th Avenue #2500, Seattle
- September 10
- Science & Technology Discovery Series
- Featuring: Usha Varanasi, Northwest Fisheries Science Center
- 7:30 am - 9:00 am
- Rainier Club, Seattle
- September 16
- Technology Alliance Board Meeting
- 8:00 am - 12:00 pm
- Location TBA
- September 23
- Community Leadership: Advocate, Resource & Partner in Advancing STEM Education
- Co-presented by Institute for Systems Biology and the Technology Alliance
- 3:30 pm - 6:30 pm
- Town Hall, Seattle
- October 8
- Science & Technology Discovery Series
- Featuring: Andy McShea, Theo Chocolate
- 7:30 am - 9:00 am
- Rainier Club, Seattle
