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FOR IMMEDIATE RELEASE
Alan Fogg,
Director of Communications
afogg@fceda.org, 703-790-0600
Fifteen Companies Chosen for Red Herring Venture Capital Conference in Fairfax County
Start-ups to present business plans to potential investors; AOL's Leonsis and computer security, life science and infrastructure experts also to speak
Fairfax County, Virginia, October 29, 2001 — Fifteen companies — five each in the fields of computer security, life sciences and infrastructure — have been selected by the editors of Red Herring magazine to present business plans to potential investors and others at Red Herring's Fairfax County Portfolio venture capital conference set for November 5 at the Ritz-Carlton Hotel in Tysons Corner.
Red Herring designed the conference to recognize and focus on the technology sectors burgeoning in Fairfax County and the surrounding area.
More than 100 firms applied to present their business plans at the conference. The firms chosen will have six minutes each to present their plans and two minutes to answer questions.
The network security firms selected: BioNetrix Systems, Vienna, Va.; Bluefire Security Technology (location unlisted); Blue Ridge Networks, Chantilly, Va.; Evincible, Chantilly, Va.; and NETSEC, Herndon, Va.
The life sciences firms selected: Aptagen Inc., Herndon, Va.; Cylex Inc., Columbia, Md.; Pluvita, Bethesda, Md.; Tetracore, Gaithersburg, Md.; and 20/20 Gene Systems, Rockville, Md.
The infrastructure/wireless technology companies chosen: Athena Technologies, Manassas, Va.; Ikimbo, Herndon, Va.; Ocular Networks, Reston, Va.; Spontaneous Networks, Bethesda, Md.; and Telverse, Dulles, Va.
"This lineup showcases the entrepreneurial community that exists in Fairfax County and the Washington area and speaks volumes about why Red Herring is holding the conference here," said Gerald L. Gordon, president and CEO of the Fairfax County Economic Development Authority. The FCEDA (www.FairfaxCountyEDA.org) is a leading sponsor of the event.
Ted Leonsis, vice chairman, America Online Inc. and president of AOL Advanced Services Group, will be the keynote speaker at the conference. Other speakers will be Bruce Schneier, founder and CTO of Counterpane Internet Security; Richard Garr, CEO of NeuralSTEM; Dean Douglas, general manager, wireless e-business, IBM Global Services; Anthony Perkins, chairman, founder and editor-in-chief of Red Herring; and futurist and author Jim Taylor.
In addition to the FCEDA, other sponsors include IBM; Grant Thornton; Morgan Lewis LLP; Pillsbury Winthrop LLP; the Century Club of George Mason University; the National Venture Capital Association; the Northern Virginia Technology Council; the Virginia Center for Innovative Technology; cyberCFO; Wilmer, Cutler & Pickering; Kelley Drye; Iona; and Foley & Lardner. Red Herring also impaneled an advisory committee of area investors and venture capital service providers to help develop the Portfolio program.
The Fairfax County Economic Development Authority promotes Fairfax County as a business and technology center. The FCEDA assists businesses by identifying possible office locations and facilities, and is a source for up-to-date demographic and economic statistics. The FCEDA maintains a capital attraction program to link entrepreneurs and start-up companies with funding sources. The FCEDA maintains marketing offices in London, Frankfurt and Tokyo.
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