Big Solar Project Advances, Perminova Raises $7M, Qualcomm Buys Charging Technology, & More San Diego BizTech News

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—The quarterly Connect Innovation Report counted 146 new startups in San Diego during the first half of 2011, a nearly 48 percent jump over the 99 new companies formed during the first half of 2010. The report, which provides a comprehensive snapshot of innovation activity in San Diego, also showed rising tech employment, a three-fold increase in the total value of M&A deals involving local tech companies, and a historic high for patent applications during the second quarter that ended June 30.

Connect, the San Diego nonprofit group for technology and entrepreneurship, outlined “Seven Innovation Policy Ideas to Spark an American Recovery.” The seven recommendations, which were pulled together by San Diego life sciences and high-tech leaders, were included in the Connect Innovation Report to help guide legislation in Sacramento and Washington DC.

—San Diego-based Perminova raised $7 million in a combination of equity and credit financing to accelerate development of its Web-based software for use in cardiology centers. Perminova said its cloud-based software is intended to help doctors and administrators manage their workflow.

Author: Bruce V. Bigelow

In Memoriam: Our dear friend Bruce V. Bigelow passed away on June 29, 2018. He was the editor of Xconomy San Diego from 2008 to 2018. Read more about his life and work here. Bruce Bigelow joined Xconomy from the business desk of the San Diego Union-Tribune. He was a member of the team of reporters who were awarded the 2006 Pulitzer Prize in National Reporting for uncovering bribes paid to San Diego Republican Rep. Randy “Duke” Cunningham in exchange for special legislation earmarks. He also shared a 2006 award for enterprise reporting from the Society of Business Editors and Writers for “In Harm’s Way,” an article about the extraordinary casualty rate among employees working in Iraq for San Diego’s Titan Corp. He has written extensively about the 2002 corporate accounting scandal at software goliath Peregrine Systems. He also was a Gerald Loeb Award finalist and National Headline Award winner for “The Toymaker,” a 14-part chronicle of a San Diego start-up company. He takes special satisfaction, though, that the series was included in the library for nonfiction narrative journalism at the Nieman Foundation for Journalism at Harvard University. Bigelow graduated from U.C. Berkeley in 1977 with a degree in English Literature and from the Columbia University Graduate School of Journalism in 1979. Before joining the Union-Tribune in 1990, he worked for the Associated Press in Los Angeles and The Kansas City Times.