Archive for the 'Fundraising' Category

NeuroSky Closes $11.8M Financing Round

Tuesday, June 22nd, 2010

NeuroSky Closes $11.8M Financing Round

Funding enables brainwave sensor innovator to expand manufacturing growth capabilities and support partner needs

NeuroBoy

Mindset

Force Trainer

Interface

San Jose, CA, June 22, 2010 – NeuroSky, the world’s leader in wearable consumer brainwave technology, announced that it has closed a $11.8 Million Series C round of funding led by Taicom Capital.  All previous lead investors participated, including W.R. Hambrecht, bringing the total amount raised to $18.6M since the company’s inception in 2004.

“In this challenging economic environment, we are thrilled to have delivered an increased valuation to our investors and employees. Following the tremendous response to Mattel’s MindFlex, The Star Wars Force Trainer, and in anticipation of our new partnerships with Toshiba and Sega, we need to bolster worldwide capacities for innovation and manufacturing,” stated Stanley Yang, CEO of NeuroSky. “Furthermore, this event will enable us to expand into more sophisticated areas of brain-computer-interface including health care, education, and automotive applications.”

To facilitate its rapid growth process, NeuroSky has also expanded the depth of its board.  New and existing outside Board of Directors include:

  • Dr Hong-Jen Chang is former Taiwan Deputy Minister of Health and CEO of Taiwan Global Biofund.  
  • Christopher B. Paisley is former CFO of 3COM and serves as Dean’s Executive Professor of Accounting and Finance at the Leavey School of Business at Santa Clara University.
  • Lee Ting is W.R. Hambrecht’s Managing Partner.
  • Chris Wei is the President of Taicom Capital.

In the past quarter, NeuroSky technology was seen in the Olympic Village in Vancouver, on CNN’s Wolf Blitzer, in IEEE Spectrum Magazine, and was named one of Gartner’s Cool Vendors of 2010. NeuroSky technology is also being used to help train the US Olympic Archery Team.

About NeuroSky
NeuroSky, Inc. is the leader in BCI (brain-computer interface) technologies for consumer product applications. From its headquarters in San Jose, CA, NeuroSky works with industry partners, developers, and academic and research institutions, to provide innovative brainwave sensor products across a wide range of industries including toys, games, health and automotive. NeuroSky currently distributes the NeuroSky MindSet in the Unites States, European Union, Japan, China and Korea.

Grounded in over 60 years of medical research, NeuroSky’s technology has taken proven medical EEG (electroencephalograph) technology, and evolved it for application to the mass-market by making it more user-friendly and cost effective. Patented innovations include significant advancements in noise reduction, dry-sensor development (rather than requiring a conductive gel), and enabling the wearer to use it outside of a lab without the assistance of a doctor.

For more information, research and white papers, contact
Tansy Brook
NeuroSky, Inc.
(408) 200-6677
tansy@neurosky.com
125 S. Market Street #900
San Jose, CA 95113
http://www.neurosky.com

For all media inquiries, or to schedule an interview, please contact:
Erika Maya
310-454-3080
erika@ballantinespr.com
http://www.ballantinespr.com/

Tribe Hotel in Nairobi hosts “Tribal Chic 2010″ Fashion Show May 8

Tuesday, April 20th, 2010

Tribe Hotel in Nairobi to host “Tribal Chic 2010″ Fashion Show on May 8th! 


Nairobi, Kenya, April 19, 2010 – Tribe, Nairobi’s spectacular newest hotel which was just featured in Conde Nast Traveler’s 2010 Hot List as one of the coolest new hotels in the world, will host the “Tribal Chic 2010″ Fashion Show on May 8th at 7pm featuring Magik Grace, Deepa Dosaja, Kondakis, Kaveke, Penny Winter, and Red Mus. Proceeds will benefit the Kibera Women’s Peer Group.

For tickets please email mpe@tribehotel-kenya.comor call +254 20 720 0000

For more information on Tribe please visit www.tribe-hotel.com

For media inquiries, please contact: 
Kelley Coughlan
Ballantines PR
Kelley@ballantinespr.com
Tel: 310 454 3080
http://www.ballantinespr.com

Everychild Foundation: 10 Years of Impact & Philanthropic Innovation

Monday, April 19th, 2010

The Everychild Foundation Celebrates a Decade of Impact and Philanthropic Innovation

 

Los Angeles, CA, April 18, 2010 – In just 10 years, a group of over 200 prominent Los Angeles women have come together and directly eased suffering of over 350,000 children in their community with grants totaling over $7.5 million, raising those dollars without putting on a single fundraising event. In addition, they have significantly impacted thousands of other children around the community, the nation and even abroad. Their innovative philanthropic model has created a new prototype for leveraged giving, among women and beyond, both in the U.S. and abroad.

To date, The Everychild Foundation has directly inspired multiple spin-off groups: 2 in Santa Barbara, 1 in Las Vegas, 4 in Los Angeles, and 3 currently forming, 2 in London and 1 in New York City

On the evening of April 29th, the members will come together in Santa Monica to award the organization’s 10th grant. The evening will be emceed by Members, Patricia Heaton and Monica Rosenthal, co-stars of Everybody Loves Raymond, along with Lew Schneider, the show’s writer/ producer and the husband of an Everychild Member. Mayor Antonio Villaraigosa will be in attendance. During the evening, the group will premiere its new video narrated by Leonard Nimoy, whose wife Susan Bay Nimoy is also a Member. Other prominent Members include Sherry Lansing, Arianna Huffington and Cheryl Saban. The event is decidedly NOT a fundraiser.

The Everychild Foundation is different from other philanthropic organizations because of its alternative and unique approach in directing its energies and dollars. Instead of planning gala or fundraising events, which can be costly and time consuming, each Everychild member annually donates $5,000. The entire membership then votes to award the funds – a single $1 million grant – each year to a different nonprofit serving children with an innovative, new dream project that can inspire replication, thus leveraging the dollars for maximum impact. The women devote their energies, intellect, education, talents and professional skills toward the rigorous grant selection process. During the grant selection, they vet up to 50 proposals each year from agencies seeking this highly coveted and prestigious grant. Their grant process is considered the “gold standard” among the prominent foundations in Los Angeles, and was the reason why The Everychild Foundation was selected in 2004 by the Association of Fundraising Professionals as the Outstanding Private Foundation in Los Angeles, the youngest foundation ever to receive this award.

The group’s tagline is “Women Reinventing Philanthropy” because it provides its members with the opportunity to give back to the community in a more stimulating, efficient, democratic and effective way. They also are able to increase their “philanthropic intelligence” as they learn how to evaluate grant proposals and their agencies. Founder Jacqueline Caster started The Everychild Foundation back in 1999. “With its democratic voting system, lack of hierarchy, and flexibility, ECF sets the new standard for a high level of donor engagement,” says Caster. “Our philanthropic model is inclusive and fits within the lifestyle of busy contemporary women.” In contrast, the old standard of charity benefit events are not always an efficient use of charity dollars, because of the large expenses usually required to execute. Many well-educated and skilled women have felt underutilized in groups that focus on gala planning. Everychild empowers women to take on leadership roles. Some of its members say it is the first time they have been able to use their brains for charity.

To date, each of the previous Everychild grants have spawned such replication and thereby have helped Los Angeles to become a center for innovation in addressing children’s needs. One recent example is a universally-accessible playground serving children with disabilities. The project is currently being replicated in Jerez, Mexico and the children served by both playgrounds will be put in communication through an innovative bilingual website program.

According to the Forum of Regional Associations of Grant-makers, Everychild Foundation is one of the larger “giving circles” of which they are aware, one of the most innovative and one of the most successful in terms of amount of dollars granted. A “giving circle” is a group whose members pool funds and collectively award grants. Of the 160 giving circles they surveyed in 2006, Everychild alone was responsible for 7% of the total dollars granted. The Foundation stands out as a model philanthropic organization because of its success in leveraging its grants.

The 10th anniversary celebration is invite only. For more information about the evening or press inquiries, please contact

Erika Maya
Ballantines PR
erika@ballantinespr.com
Tel: 310-454-3080
Cell: 310-850-0309
www.ballantinespr.com