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Venture Capital News: Seymour Innovative Receives Venture Funding

          
SCOTTSDALE, AZ, Startup from ASU's successful Edson Entrepreneur Initiative, has received an undisclosed angel funding round from the MAC 6 incubator.
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Seymour Innovative, a startup from ASU's successful Edson Entrepreneur Initiative, has received an undisclosed angel funding round from the MAC 6 incubator. Seymour Innovative provides Ella's Monitor, a revolutionary, low-cost device that will save infants from Sudden Infant Death Syndrome. Unlike existing inaccurate home sensors, Ella's Monitor will offer the accuracy of hospital grade equipment in an affordable, convenient, and easy to use package. The funding will be used to finalize the prototype and move towards taking the product to market.

"This funding from MAC6 is a significant milestone for us as it allows us to not only have the resources to finalize the prototype but also avails the company of the significant mentorship from the MAC6 team, beyond the resources we have already received via the Edson accelerator," said Peter Seymour, founder and CEO of Seymour Innovative. "I believe that the use of this monitor will be a major improvement to the lives of young children and their parents."

MAC6 is an early stage business incubator that supports the growth of Conscious Capitalism business models in 10,000 square feet of state-of-the-art office space that is in the process of being built in Tempe. Additionally, MAC6 provides angel funding, an intensive mentorship program, and access to elite business community partners.

"We invested in Seymour Innovative, the company, as the first MAC6 incubee because we believe that Peter, himself, would make this company a success," said Kyle McIntosh, co-founder of MAC6, with the role of Creative Excitant for the initiative. "Peter is developing an interesting and very important life saving device to monitor for SIDS in newborn babies. With a higher purpose of creating this product as a safe alternative to anything else out in the market, as well as something that potentially any consumer could afford, he dreams of eliminating the occurrence of sudden infant mortality."

The MAC6 program advocates Capitalism as a Force for Good. MAC6 supports the growth of for-profit, early-stage companies with epic, paradigm-shifting ideas through creativity, collaboration, community and change. MAC6 is not industry exclusive and has set up a collaborative environment where many companies doing very different things are working side by side.

Seymour Innovative has been supported through the ASU Edson student entrepreneur accelerator based in ASU SkySong, the Innovation Center in Scottsdale. The Edson accelerator provides funding, mentoring, and office space that enables students to advance their ventures.

"We are pleased to see that Seymour Innovative is the first of the recent cohort of Edson companies to receive external funding and significant validation," said Gordon McConnell, Vice-President of Innovation, Entrepreneurship and Venture Acceleration based at ASU SkySong. "The companies in the student startup accelerator are doing amazing work and we are expecting that more of our startups will recieve funding in the coming months".

The ASU Venture Catalyst and ASU SkySong are both strategic units of ASU's Office of Knowledge Enterprise Development, the research arm of ASU.

---Ends---

About Seymour Innovative (http://www.seymourinnovative.com/):
Seymour Innovative provides Ella's Monitor, a revolutionary, low-cost device that will save infants from Sudden Infant Death Syndrome. Unlike existing inaccurate home sensors, Ella's Monitor will offer the accuracy of hospital grade equipment in an affordable, convenient, and easy to use package.

About MAC6 (http://www.mac6.com/):
MAC6 is an early stage business incubator accelerating Conscious Capitalism through collaboration, creativity, community and change. With a view that placing people and planet before profits, paradoxically increases profits, our mission is to foster free enterprise/ social venture business models in support of individual and community self reliance, worldwide. The businesses we support seek to affect positive change in the world, while growing and sustaining long-term profitable business models.

About the Edson Entrepreneurship Initiative (http://studentventures.asu.edu/)
The Edson program provides funding, office space, and guidance to teams of students within all university disciplines. This accelerator gives student entrepreneurs the opportunity to develop their innovative ideas and launch viable businesses. As an integral program of ASU Venture Catalyst, students in the Edson accelerator have access to seasoned entrepreneurs, industry mentors, and other Catalyst programs that allows students to advance their enterprises.
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