Coronavirus Updates: USC/UCLA Unite on 3-D Masks; Hollywood Preps for M&A
cdn.pixabay.com

Here are the latest headlines regarding how the novel coronavirus is impacting the Los Angeles startup and tech communities. Sign up for our newsletter and follow dot.LA on Twitter for the latest updates.

Today:

  • USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope
  • Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 fallout

    Analyst predicts M&A shakeup as Hollywood grapples with COVID-19 fallout

    c0.wallpaperflare.com

    MoffettNathanson analyst Michael Nathanson made a rather dire prediction for the future of the entertainment industry: Prepare for Hollywood studios to consolidate through acquisitions as a way to fiscally survive the global coronavirus pandemic. With movie theaters shuttered (for the time being), the streaming world is now the most dominant channel to distribute content. "Heading into 2020, we had argued that the fundamental pillars of media were starting to crack," Nathanson wrote in the Friday report. "Now, we fear that they will crumble as customer behavior permanently shifts to streaming models. The impact should be felt in both the traditional TV ecosystem and the film industry as content producers re-examine the economics of producing linear TV content and feature films. As a result, when this is all done, the top streaming platforms – Netflix, Amazon and Disney – will emerge with the lion's share of scripted content creation." This could have major ramifications for studios like Sony Entertainment, which has long rumored to be on the auction block. Lionsgate, another smaller studio with both film and television assets, could also be eyed as a potential takeover target.

    USC, UCLA business school students jointly create a 3-D printed mask in Hack for Hope

    Traditional rivals USC Marshall School of Business and UCLA Anderson School of Management united earlier in April to fuel a search for solutions to problems caused by the coronavirus pandemic. The joint effort, an online hackathon called Hack for Hope, involved 600 students from both schools that created 89 projects aimed at helping out during the coronavirus pandemic. Taking away the big prize was a joint project between students at both schools that created 3-D printed, reusable respirator masks that can be easily disinfected. The students also made the print pattern available to others to replicate.

    "We were very impressed by the global scope of the teams; they included undergraduates, graduate students and alumni, along with professionals from business, technology, health care, edtech and entertainment," said Elaine Hagan, associate dean of entrepreneurial initiatives at UCLA Anderson School of Management and executive director of the school's Harold and Pauline Price Center for Entrepreneurship & Innovation. "Their ability to provide real-time solutions that have already benefited at-risk community members has given the organizers confidence that we have moved from hope to impact, for which participants should be commended."

    Each team was asked to submit a two-minute video describing the problem and their solution. Judges awarded a total of $38,500 in prize money to the most promising projects — specifically, to fund prototype development, proof of concept work or community outreach directed at students or workers in need of extra support at this time.

    Subscribe to our newsletter to catch every headline.

    Cadence

    Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients

    Decerry Donato

    Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    Regard Raises $15M for AI-Powered Software That Help Doctors Diagnose Patients
    Courtesy of Regard

    Culver City-based health care startup Regard, which uses AI-driven software to help physicians accurately diagnose patients, has raised $15.3 million in Series A funding.

    Pasadena-based Calibrate Ventures and Colorado-based Foundry Group led the investment in Regard, formerly known as HealthTensor. Other investors that participated in the round include TenOneTen Ventures, Susa Ventures, Brook Byers of Byers Capital and Dropbox CEO Drew Houston. The new funding will be used to grow Regard’s team and customer base, the company said in a press release.

    Read moreShow less

    This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund

    Decerry Donato

    Decerry Donato is dot.LA's Editorial Fellow. Prior to that, she was an editorial intern at the company. Decerry received her bachelor's degree in literary journalism from the University of California, Irvine. She continues to write stories to inform the community about issues or events that take place in the L.A. area. On the weekends, she can be found hiking in the Angeles National forest or sifting through racks at your local thrift store.

    This Week in 'Raises': Regard Secures $15M, MaC Venture Capital Raises $203M for Second Fund
    Image by Joshua Letona

    This week in “Raises”: A local healthcare startup secured funding to help grow the team and deploy its software to more physicians and hospitals, while Black-led, seed-stage venture capital firm surpassed its goal for its second fund.

    Read moreShow less

    Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups

    Keerthi Vedantam

    Keerthi Vedantam is a bioscience reporter at dot.LA. She cut her teeth covering everything from cloud computing to 5G in San Francisco and Seattle. Before she covered tech, Keerthi reported on tribal lands and congressional policy in Washington, D.C. Connect with her on Twitter, Clubhouse (@keerthivedantam) or Signal at 408-470-0776.

    Braid Theory's Plan to Foster the Next Generation of Ocean Tech Startups
    Photo courtesy of the Port of Los Angeles.

    San Pedro-based Braid Theory is one of the growing number of accelerators in the country looking to grow the so-called blue economy, which spans a range of ocean-related industries and is estimated at $2.5 trillion a year.

    The accelerator is accepting online applications until July 18, with its second-ever program kicking off in August.

    Read moreShow less
    RELATEDEDITOR'S PICKS
    LA TECH JOBS
    interchangeLA
    Trending