Advisory Board Member News
Sitting in Silicon Valley in the midst of the world's most cutting-edge companies, we are blessed to have a stellar group of innovative leaders serving on our advisory board. A couple of their companies were in the news and we thought you'd like to see what they're up to:
Espresa, a start-up led by CEO Alex Shubat (who received his Ph.D. in electrical engineering from SCU in 1995), has launched an app that helps companies manage the types of perks that help draw and keep the best talent within their ranks. Companies like Google and Facebook are known for treating employees to benefits such as onsite massages, dry cleaning service, yoga, and car repair, but not every organization has the staffing required to curate and moderate those incentives. Espresa takes the hassle out of managing those extras by offering more than 250 services provided by 40 vendors. They have already enrolled 25 companies for their service, and this week they received $2 million in seed funding.
Another advisory board member, Mir Imran, is Chairman and CEO of InCube Labs. Their spin-off, Fe3 Medical, is developing an innovative transdermal patch to deliver iron to those folks suffering from anemia who cannot tolderate the effects of traditional oral treatment. Their non-invasive, overnight, once-a-week patch could ease the symptoms of fatigue, poor cognition, and defects in motor function experienced by millions of Americans (mostly women) due to some form of anemia. The company recently received $3.5 million in funding from the State of Texas (Fe3 Medical is located in San Antonio) to support clinical trials and regulatory submissions.